Biohazard EA Scalper v1.0 MT4 is an automated trading system designed for the MT4 platform. It utilizes a combination of Bollinger Bands (BB) and Relative Strength Index (RSI) indicators to identify potential trade setups. Operating on major forex pairs, this trend-following scalper works on M1 and M5 timeframes. The EA enters sell trades when the price breaks above the upper Bollinger band and the RSI is above 70, while buy trades occur when the price breaks below the lower Bollinger band and the RSI is below 30. Keep in mind that during low volatility periods, BB and RSI may not function optimally, and the EA may be susceptible to slippage and spread widening.

Introduction

The Biohazard Scalper EA is an advanced trading robot designed to capture quick scalping opportunities in the forex market. Whether you’re a seasoned trader or a newcomer, this EA offers a unique blend of technical indicators to enhance your trading experience.

Key Features

• Strategy: Trend-following scalping system
• Compatible Platforms: MT4 (MetaTrader 4)
• Pairs: Works on major forex pairs
• Timeframes: Specifically optimized for M1 and M5

How It Works

The Biohazard Scalper EA combines two essential indicators:

1. Bollinger Bands (BB)

• Purpose: Identifies market volatility and establishes upper and lower price boundaries.
• Volatility Detection:
  • Bands widen during high volatility, signaling potential price movements.
  • Bands narrow during low volatility, indicating potential price consolidation.

2. Relative Strength Index (RSI)

• Purpose: Measures trend strength and detects overbought or oversold conditions.
• Confirmation:
  • RSI confirms trends identified by Bollinger Bands.
  • Sell Trade: Price breaks above the upper Bollinger band, and RSI is above 70.
  • Buy Trade: Price breaks below the lower Bollinger band, and RSI is below 30.

Important Considerations

• Market Conditions:
  • BB and RSI may not perform optimally during low volatility periods.
  • Slippage and spread widening risks exist, especially during high market volatility or low liquidity.

Recommended Settings

• Lot Size: Default value is 0.0 (fixed lot size per trade).
• Lot per 1000: Default value is 0.5 (lot size per $1000 in account balance).
• MinLots: Default value is 0.05 (minimum lot size allowed).
• MaxLots: Default value is 0.05 (maximum lot size allowed).
• BB Period: Default value is 23 (number of periods for Bollinger Bands calculation).
• RSI Period: Default value is 18 (number of periods for RSI calculation).
• MagicNumber: Default value is 29500 (identifies trades opened by the EA).

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

What’s in the package?

Experts:

• Biohazard EA Scalper v1.0 MT4.ex4

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

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EA updates are thus not automatic and not guaranteed.