Scalping Grid MQ4

Scalping Grid MQ4 Strategy

Overview

The Scalping Grid MQ4 is an automated trading system designed for scalping in the forex market. It aims to profit from small price movements by executing a high volume of trades. Below are the key details:

• Minimum Deposit: The recommended minimum deposit to run this EA is $300.
• Time Frame: The EA operates on the 1-minute chart.
• Currency Pair: It is optimized for the EUR/USD currency pair.

Strategy Details

The Scalping Grid MQ4 strategy employs a grid-based approach. Here’s how it works:

1. Grid Setup: The EA places a grid of pending buy and sell orders around the current price. These orders are spaced at fixed intervals (e.g., 10 pips).
2. Price Movement: As the price fluctuates, the EA triggers orders based on the grid. If the price moves up, it executes buy orders; if it moves down, it executes sell orders.
3. Take Profit and Stop Loss: Each order has a predefined take profit (TP) and stop loss (SL). When the price reaches the TP, the order closes with a profit. If it hits the SL, the order closes with a loss.
4. Hedging: The EA uses hedging to manage risk. If a trade goes against the grid, it opens a counter-trade to reduce losses.
5. Dynamic Grid Adjustment: The grid adapts to market conditions. If the price trend changes, the EA adjusts the grid spacing and order levels accordingly.

Download and Installation

1. Visit the download page.
2. Click the download link for the EA.
3. Instant Download: https://www.mql5.software/product/ea17-scalping-grid-mq4

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