Apex scalper Robot Analysis
Type: Forex Robot
Strategy: Price Action / Supply and Demand
Pairs: EURUSD, GBPUSD, USDJPY
The Apex Scalper is reasonably priced at $199. Traders can also test the software on a demo account before purchasing which is certainly a recommended step in this case.
See the full analysis on the right.
The unique algorithm of this adviser determines the emerging areas of supply and demand as they develop, after which it enters the positions in the Forex market at these levels. Transactions are based on price fluctuations in supply and demand zones.
DOES NOT use martingale, grid, arbitrage or hedging elements.
Transactions are always protected by a preventive stop loss.
Intelligent output functions
Prevention of losses by transferring to breakeven.
Smart trailing stop.
Multilevel profit taking. Target profit levels are located at a distance of x pips from each other.
Protection against volatility. Orders are removed from the market when the maximum volatility is exceeded on a 1-minute timeframe. This is to prevent hazardous conditions with increased spread / slippage.
Protection against a dangerous spread. Orders are removed from the market when the maximum spread is too high. This is to prevent hazardous conditions with increased spread / slippage. New deals will not be established until the average value of the spread drops to an acceptable level.
New orders will be opened only under conditions of low spread / low volatility. This is a key factor for any scalping algorithm.
Checking for transaction problems so that Apex Scalper never leaves transactions unprotected. A critical feature for any serious trader.
Apex Scalper runs on an hourly timeframe. On currency pairs with a low spread.
Apex scalper Input parameters :
Choose Money Management – lot management: fixed (Fixed lots) or dynamic (Dynamic lots).
Risk Setting – risk settings for dynamic lot size.
Fixed Lot Size – fixed lot size, if Fixed lots is selected above.
Max Spread Avg – the maximum average spread size (over the last 20 ticks) at which pending orders are allowed.
Max Volatility – the maximum allowable volatility above which trading is prohibited.
Max # of Orders Replaced – the maximum number of orders that will be replaced after the weekend or a dangerous spread / volatility.
Max Pending Orders – the maximum number of pending orders placed on the market at the same time.
Max Order Distance – the maximum distance by which it is allowed to re-order.
Measured in pips. Order Offset – the distance in pips to offset the order entry levels from the demand and supply zones.
Target Profit – take profit in pips.
Use Break Even – set to true to use the breakeven transfer.
BE Activation Pips – the number of profit pips to activate the breakeven function.
Initial Stop Loss – the initial stop loss in pips.
Trailing Stop – trailing stop in pips.
TS Activation – the number of pips in profit for activating a trailing stop.
Trailing Step – increment to move stop loss. For example, 0.5 pips. The trailing stop will move every 0.5 pips in the direction of profit.
Multiple Entry Orders – if true, several orders with different take profits will be placed at a distance of x pips.
Number of orders to open – the number of orders with various take profit levels that will be set.
Target Profit Spacing – the interval in pips for a multi-stage take profit (if Multiple Entry Orders = ‘true’).
Friday Exit Hour – the hour on Friday at which all pending orders will be deleted. The value is from 1 to 24.
Order Expiration Minutes – the expiration time of orders; set the value to 0 if your broker does not require an indication of the expiration time when sending pending orders.
Max Order Retry – the maximum number of attempts to enter or delete orders.
Initial Balance – the initial balance. Select the entire account balance or specify the balance value that Apex Scalper Expert Advisor is allowed to use in trading.
Specified Balance – if ‘Specified Balance’ is selected in the parameter above, specify here the size of the balance that Apex Scalper will use. Broker Digits – 4 or 5 decimal places at the broker. Five-digit quotes are recommended.
Enable Broken Trade Check – check for problems with deals on each tick. For example, loss of Internet connection, “trade flow busy,” the price changed before the installation of stop loss, etc
Delete Orders When EA is Removed – if ‘true’ is selected, all pending orders will be deleted when the EA is removed from the chart or during initialization.
User Defined Tag – a label that will be added to the comment field of orders. It can be changed by the user.
Magic Number – magic number for Apex Scalper. When launching multiple copies of the EA on one account, be sure to use a unique number for each copy.
Choose a broker with a minimum stop level of 0.