Forex Scout Lite Expert Advisor

Forex Scout Lite Expert Advisor review:

A synergy between multiple time proven strategies and advanced position management like nothing you’ve seen in retail forex before.

Forex Scout Lite Expert Advisor No Scalping, No Grids, No averaging into positions. No tiny target profits with huge stop loss. No waking up to blown accounts or massive losses.

Everything is done correct and proper as you have come to expect from Cutting Edge Forex.
  • Support/Resistance and Volatility are compounded into one super trading system.
  • Dynamic Initial Target Profit and Stop Loss set for each order and position individually
  • Every position is managed as its own
  • Multiple position management functions to capture the most profit
  • Intelli-Trail Stop Loss. In house algorithm to let profits run and run
  • True set and forget
  • Always adapting to current market conditions
  • Sleep great knowing your account is safe
Download a demo now. Test on EURUSD M15 the last 5 years. Use current spread or 10 points. If testing with TDS2 use variable spread.
Volatility Strategy Inputs
Strategy 1 Inputs
Enable Volatility Strategy – True to enable
Max Open Positions – Max Positions for S1
Active Period – Period to search for activity
Reactive period – Period for delayed reaction
Divergent Factor – The difference between Active and Reactive periods
Use Intelli-Trail – True to use advanced trailing system
Min Pips To Lock – Minimum pips for Intelli-Trail first sequence
Magic Number S1 – Magic number for all S1 trades.
Support and Resistance Strategy Inputs
Strategy 2 Inputs
Support and Resistance Strategy – True to enable
Max Open Positions – Max Positions for S2
Search Period Resistance – period to search
Bars Before Resistance –
Bars After Resistance –
Search Period Support- period to search
Bars Before Support-
Bars After Support-
Use Intelli-Trail – True to use advanced trailing system
Min Pips To Lock – Minimum pips for Intelli-Trail first sequence
Magic Number S2 – Magic number for all S2 trades.
Max Spread Allowed – Max Spread in pips for trades
Time Choice – Broker, Local, Or GMT (recommended)
Friday Exit Hour – 17 Pending orders will be deleted at this time on Friday
Trade NFP Friday – False to skip NFP Fridays
Trade Thursday Before NFP – False to skip day before NFP
Trade Comment – Tag to be sent with trade

Test results:

Forex Scout Lite Expert Advisor

Parameters:

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)

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