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TickWave Scalper EA MT4 – Free Download

TickWave Scalper EA MT4 – Free Download

$0.00Price
REQUIREMENTS
Recommend deposit  100 USD 
MT4 Account
VPS (Recommended)
 
FILES
1 Expert Advisor file
User Manual

  • Description

    TickWave Scalper EA is a sophisticated automated trading tool designed for forex traders. Leveraging almost a decade of experience in EA (Expert Advisor) programming, TickWave Scalper EA is tailored to perform short-term trades using smart trailing stops and based on real-time currency pair data, quotes, specifications, and spreads. This article provides an in-depth review of TickWave Scalper EA, highlighting its features, advantages, and disadvantages to help traders make informed decisions.

     

     

    Technical Specifications

     Version: 19.8020
     Year of issue: 2024
     Working pairs: EURUSD USDJPY USDCHF
     Recommended timeframe:  ANY
     Minimum Deposit: $1000 
     Average of account:  1:30 to 1:1000

  • Key Features of TickWave Scalper EA

    • Automated Parameter Selection

      TickWave Scalper EA automatically selects parameters for each currency pair separately, optimizing performance without requiring manual adjustments. This feature simplifies the trading process, making it accessible for both novice and experienced traders.

      Short-Term Trading and Smart Trailing Stop

      The EA is designed for short-term trading, utilizing a smart trailing stop mechanism. This ensures that positions are adjusted dynamically based on market conditions, helping to maximize profits and minimize losses.

      Averaging Strategy

      To mitigate losses from the signals detection algorithm, TickWave Scalper EA employs an averaging strategy. When an open position experiences a certain level of loss, the EA triggers the averaging function, opening additional positions to balance the overall trade.

      Stop Loss and Take Profit Management

      TickWave Scalper EA automatically defines favorable stop loss and take profit levels. It also manages the distances for averaging positions and trailing stops, ensuring that each trade adheres to a predefined risk management strategy.

  • Recommended Trading Accounts

    General Settings

    • Low Risk: $1,000 deposit with a minimum lot of 0.01 across three currency pairs.
    • Medium Risk: $300 deposit with a minimum lot of 0.01 on one currency pair.
    • High Risk: $100 deposit with a minimum lot of 0.01 on one currency pair.

  • Advantages of TickWave Scalper EA

    Ease of Use

    The fully automated nature of TickWave Scalper EA makes it user-friendly, especially for traders who may not have extensive technical knowledge or experience.

    Risk Management

    With built-in stop loss and take profit mechanisms, as well as the averaging strategy, the EA provides robust risk management, potentially reducing the likelihood of significant losses.

    Time Efficiency

    The EA saves traders considerable time by handling trades automatically, allowing them to focus on other aspects of their trading strategy or personal activities.

    Optimized Performance

    The EA’s ability to adapt parameters automatically for each currency pair ensures optimal performance without the need for constant manual adjustments.

  • Disadvantages of TickWave Scalper EA

    • Broker Dependency

      The performance of TickWave Scalper EA can vary significantly depending on the broker due to differences in quote speed and spread conditions. It may not work with all brokers, which can limit its usability.

      Incompatibility with Strategy Tester

      The EA does not function in the strategy tester, making it challenging for traders to backtest and evaluate its performance before using it on a live account.

      Market Conditions

      As with any trading tool, TickWave Scalper EA’s effectiveness can be influenced by market conditions. Extreme volatility or unexpected market events can impact its performance.

  • Conclusion

    TickWave Scalper EA is a powerful tool for forex traders looking for an automated solution to manage short-term trades. Its advanced features, such as smart trailing stop, averaging strategy, and automated parameter selection, make it a valuable addition to a trader’s arsenal. However, potential users should be aware of its dependency on broker conditions and the inability to backtest in the strategy tester. Overall, TickWave Scalper EA offers a promising solution for those seeking to streamline their trading process while maintaining robust risk management.

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