Ascal EA v1.04 MT4 is an expert advisor (EA) designed for the MT4 platform—a platform widely trusted by forex traders across the globe. This trading robot utilizes advanced algorithms to analyze market conditions, identify trading opportunities, and execute trades automatically. The ease of automation appeals particularly to traders who desire a systematic approach to forex trading, eliminating emotional decision-making and human error.

Key Features:

• Trading Strategy: The Ascal EA appears to focus on scalping or short-term trading, utilizing velocity-based triggers and spread monitoring to optimize trade entries and exits. It incorporates risk management features like trailing stops and maximum drawdown limits.
• Parameters: Customizable settings include:
  • TradeComment: “Ascal v1.04” (for trade identification).
  • MagicNumber: 101 (unique identifier for trades).
  • Slippage: 3 pips (maximum price slippage).
  • MaxSpread: 262 points (maximum allowable spread).
  • FixedLot: 0 (lot size, 0 implies dynamic sizing).
  • RiskPercent: 20% (risk per trade).
  • MaxDrawdown: 3% (maximum account drawdown).
  • StartHour/EndHour: Trading window (19:00 to 01:00 by default).
  • Trailing: 7 pips (trailing stop).
  • Profit: 13 pips (target profit).
  • VelocityTrigger: 50 (momentum threshold).
  • Offset: 11 pips (minimum distance for orders).
• Technical Details: The EA calculates margin requirements, lot sizes, and spread conditions dynamically. It uses arrays to track spread and tick data, ensuring adaptability to market conditions.

Risks and Considerations:

• Scalping Risks: High-frequency trading like scalping can lead to significant losses, especially in volatile markets or with high spreads.
• Broker Compatibility: Ensure your broker allows EAs, hedging, and has low spreads (e.g., ECN accounts). A VPS is recommended for uninterrupted operation.
• Testing: Backtest the EA using MT4’s Strategy Tester with historical data to verify performance. Forward-test on a demo account for at least a week.
• Martingale/Grid: While the source code doesn’t explicitly mention martingale, some EAs with similar structures use risky strategies. Verify the strategy to avoid high drawdowns.

Conclusion

In conclusion, Ascal EA v1.04 for MT4 is a dynamic tool that presents countless opportunities for traders looking to enhance their forex trading experience. Its automation, risk management features, and user-friendly design make it a valuable asset in the competitive world of forex trading. As traders navigate the complexities of the financial markets, incorporating Ascal EA v1.04 into their strategies could very well be the key to unlocking their full trading potential.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

Important information!

For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)

Install a trading advisor on a VPS

Real Account Profit Recorded every Friday (end of the trading week)

What’s in the package?

Experts:

• Ascal EA v1.04 MT4.ex4

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