Forex Hamster Scalping Robot

Forex Hamster Scalping Robot review:

Hamster Scalping is a fully automated Expert Advisor with no use of martingale. Night scalping strategy. The RSI indicator and an ATR-based filter are used for entries.

General Recommendations

The minimum deposit is 100 USD,  default settings reccomend for eurusd m5 gmt +2  Use a broker with good execution and with a spread of 2-5 points. A very fast VPS is required, preferably with a latency of no more than 3.

Test results:

Forex Hamster Scalping Robot

Parameters:

  • Period indicator1 – period of the first indicator;
  • Up level – the upper level of the first indicator, above which the EA will open Sell;
  • Down Level – the lower level of the first indicator, below which the EA will open Buy;
  • Period indicator2 – period of the second indicator;
  • From – the lower borders of the range of second indicator values, in which the EA is allowed to open positions;
  • To – the upper borders of the range of second indicator values, in which the EA is allowed to open positions;
  • Initial lot – initial lot.
  • Autolot – enable/disable auto lot calculation.
  • Autolot size – amount of the deposit, on which Lot is to be used when Auto lot is enabled.
  • Max Lot – maximum lot size for the EA operation.
  • Take Profit, points – real take profit in points.
  • Stop Loss, points – real stop loss.
  • Virtual Take Profit – virtual take profit.
  • Option Take Profit – select the take profit operation based on the bar Open / the current price.
  • Level of Take Profit – select the take profit calculation based on the breakeven/the last order.
  • Virtual Stop Loss – virtual stop loss.
  • Option Stop Loss – select the stop loss operation based on the bar Open / the current price.
  • Max Orders – the maximum number of open orders.
  • Star Hour – the EA operation start hour.
  • End Hour – the EA operation end hour.
  • Use Wednesday Logics – if true, the EA will not work on Wednesday at night, if false it will work in the normal mode;
  • End Time Friday – time to stop trading on Friday;
  • Max Spread – maximum spread, at which the EA is allowed to open and close positions;
  • Show Statistics – show/hide statistics;
  • Show Button Close – enable/disable the button for closing orders.
  • Magic EA – magic number for the Expert Advisor to identify its positions;
  • Take Profit, points – physical take profit;
  • Stop Loss, points – physical stop loss;
  • FontSize – setting the font size in the panel;
  • Close all orders at take or stop – on / off closing both directions simultaneously;
  • Imp1DRAW, Imp2DRAW, Imp3DRAW – display news on the chart (enable/disable).
  • Pause before (after) a high importance news – the number of minutes to suspend the EA operation before (after) high-impact news.
  • Pause before (after) a medium importance news – the number of minutes to suspend the EA operation before (after) medium-impact news.
  • Pause before (after) a low importance news – the number of minutes to suspend the EA operation before (after) low-impact news.
  • Pause after a low importance news – the number of minutes to suspend the EA operation before low-impact news.

Download our other Free Forex Robots For Metatrader 4

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

Other forex indicators and strategies

Leave a Comment