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.
