Ice Cube Scalper for MT5

Overview of Ice Cube Scalper for MT5

The Ice Cube Scalper for MT5 is a day scalper that executes a high volume of trades daily, aiming to capture small price movements. This Expert Advisor (EA) leverages the RSI indicator to trade with the trend and employs an averaging strategy with a lot multiplier. It has demonstrated robust performance in both backtesting and live trading environments.

Key Features

• Day scalping strategy
• Uses RSI indicator for trend trading
• Averaging with lot multiplier
• Risk control through maximum order limits and equity risk settings
• Version available for MT4

Trading Strategy

The Ice Cube Scalper's strategy revolves around trend trading using the RSI indicator. It capitalizes on small price movements, making numerous trades throughout the day. The EA uses an averaging method with a lot multiplier, which requires careful understanding before use. The strategy has been proven effective in both backtesting and live trading scenarios.

Risk Management

To manage risks, the Ice Cube Scalper allows users to:

• Limit the maximum number of averaging orders
• Set equity risk limits
• Control trade timeout and forced closure on Fridays

Input Parameters

The EA comes with several customizable input parameters:

• Lot Multiplier: Multiplier for averaging orders
• Start Lot: Initial lot size
• Orders Step: Step between averaging orders
• SmartStep: Enable/disable smart mode for changing the step between orders
• Max Trades: Maximum number of open orders
• UseTimeOut: Enable/disable trade timeout
• MaxTradeOpenHours: Trade timeout duration in hours
• Friday_Trading_Hour: Trading end time on Fridays
• Trade_Now: Stop trading and complete current series

Recommendations

For optimal performance, the following recommendations are provided:

• Starting Lot: Use 0.01 lots for every 1,000 units of deposit
• Withdraw earnings periodically until the initial investment is fully recovered
• Allocate at least 1,000 units for every 0.01 starting lot if combining with other EAs
• Time Frame: H1
• Trading Leverage: 1:500

User Reviews

The Ice Cube Scalper has received positive feedback from users, highlighting its consistent profitability and the developer's responsive support. Users appreciate the high volume of trades and the EA's ability to remain profitable even with small gains per trade. Some notable reviews include:

• "Ice Cube is exactly the EA that I have been looking for. It places a TON of trades per day and remains consistently profitable." - Chris Barnhart
• "Working on real account with positive results." - Serafin Perez
• "Fast response from the DEV (to me this is VERY important) - 11/10 stars there." - jfamill

Conclusion

The Ice Cube Scalper for MT5 is a powerful day scalper that leverages trend trading and averaging strategies to achieve consistent profitability. With robust risk management features and positive user feedback, it stands out as a reliable choice for traders looking to capitalize on small price movements. 🚀📈