Extremum Scalper

Overview of Extremum Scalper

• Extremum Scalper is a fully automated Expert Advisor designed for scalping in the Forex market.
• It utilizes dynamic money management (MM) and probabilistic analysis to enhance trading accuracy.
• The strategy focuses on breakouts and rebounds from daily and local extreme levels, as well as candlestick highs.
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Core Features

• Employs 9 different algorithms for calculating extremum points.
• Includes safeguards such as drawdown protection, slippage control, and spread filters.
• Allows customization of trading direction - buy, sell, or both.
• Can be adjusted to fit individual scalping strategies, thus giving flexibility to traders.

Trading Settings

• Trade Direction: Choose between Buy, Sell, or Both directions.
• Maximum Risk: Set limits for potentially losing transactions to mitigate risk.
• Daily Loss Limits: Define the maximum loss per day, after which trading pauses until the next day.
• Spread Filter: Controls the maximum acceptable spread for opening trades.

Strategies Included

• LocalChannel: Focuses on local highs and lows for executing trades.
• DaysPlusChannel: Adjusts trading levels based on a broader market context.
• GreedChannel: Operates on identifying overstretched conditions to capitalize on rebounds.
• MaxPoint, MaxVolume, MaxSize: Analyze current candle parameters for precise trading entries.

Utilization and Performance

• Primarily utilized on the MetaTrader 5 platform.
• Proven effective in various market conditions without using risky strategies like martingale.
• Performance can be optimized for various currency pairs, enhancing adaptability to market conditions.
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