For X Scalper is EA trading using grid preference. You can set and forget if you have big balance.
If start balance $100, its better to monitoring your chart daily.
Best timeframe for strategy 1 is M1/M5/M30 and for Strategy Magic MA is M1/M15 or you can try with other timeframe. The higher timeframe mean more less open position.
EA has trading panel that can close order based on order opened by EA.
Here the Input from EA :
- Choosing Strategy = for choose strategy
- Trade Buy = EA open position buy if signal buy triggered
-Trade Sell = EA open position sell if signal sell triggered
-Two-Way Trading = EA will open Buy and sell based on signal without waiting other buy/sell position closed
-Start Lots = initial lots for first order position
-Take Profit in Pips = take profit (its better set to 20 pips for martingale/grid)
-Stop Loss in Pips(0=Not Use) = stop loss (if using martingale/grid, its better set to 0)
-Use Close All when Account Minus = SL by equity
-Close All if Minus Equal to = Minus Money to close all position (its used for martingale/grid order which one there is a position againts the trend)
-Slippage = slippage
-Use Martingale = Choose martingale/grid ON or OFF
-Max Order = Max order for martingale/grid
-Max Lots = max lots for martingale
-Lots Multiplier = Multiplier for martingale (if you wanna no martingale and use grid only, just set to 1)
-Distance between Order (Pips) = distance for each position
-Magic Number = unique number for identify position opened by EA
-Comment = comment
NOTE:
Backtest result not guarantee live result because market is dynamic.
So, combine it with your strategy.
