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The Ice Cube Scalper is a high-frequency day trading Expert Advisor (EA) designed to execute numerous trades daily, capturing small profits with each transaction. Built on a strategy that aligns with the market trend, this EA leverages the RSI indicator to identify optimal trading opportunities.
Vendor website: https://shorturl.at/Avz9W
Original price: $280
Content: EA Ice Cube Scalper_fix.ex4 v3.03 (no dl 1420+1421+)
Key Strategy and Features
Trend-Based Scalping with RSI
The Ice Cube Scalper EA is engineered to trade in the direction of the prevailing market trend using the RSI (Relative Strength Index) as its core indicator. This ensures that each trade aligns with market momentum, enhancing the potential for profit.
Averaging with Multiplier Lot
This EA employs an averaging technique combined with a lot size multiplier. While this strategy has demonstrated success in both backtesting and live trading, it’s important to fully understand the implications of averaging before using the EA. It’s recommended to thoroughly test the EA in a strategy tester prior to live deployment.
Risk Management
To help manage risk, the Ice Cube Scalper EA allows you to limit the maximum number of averaging orders and set equity risk parameters. This flexibility helps traders maintain control over their trading activities, reducing exposure to potential losses.
Free Signal Subscription
For those looking to understand the EA’s performance before committing, you can subscribe to a free signal. This allows you to observe the EA’s trading behavior and potential in real-time without any financial commitment.
Usage Recommendations
Starting Lot
For every $1,000 in your trading account, it’s recommended to start with 0.01 lots. If your account balance is under $1,000, consider using a cent account type to accommodate smaller trades.
Regular Withdrawals
To mitigate risk, it’s advisable to withdraw profits at regular intervals, aiming to fully recover your initial investment as quickly as possible.
Combining with Other EAs
When using the Ice Cube Scalper alongside other Expert Advisors, ensure that you allocate at least $1,000 for every 0.01 lot of the starting lot size to maintain optimal performance and risk management.
Time Frame
This EA is optimized for use on the H1 (hourly) timeframe, ensuring that it captures the most reliable signals within a manageable trading window.
Trading Leverage
A leverage of 1:500 is recommended for this strategy, providing the necessary margin to support the EA’s high-frequency trading activity.
Input Parameters
- Lot Multiplier: The multiplier used when placing averaging orders.
- Start_Lot: The initial lot size for trades.
- Orders_Step: The step between averaging orders.
- SmartStep (true/false): Enables smart mode for dynamically adjusting the step between orders.
- StartStepCoeff: Determines after which averaging order the step increase begins, based on the Orders_Step_Coefficient.
- Max Trades: The maximum number of open orders at any given time.
- UseTimeOut (true/false): Set to true to enable a timeout, automatically closing trades if they remain open beyond a specified duration.
- MaxTradeOpenHours: The maximum time (in hours) a trade can remain open before being closed.
- Friday_Trading_Hour: Specifies the cutoff hour for trading on Fridays.
- Friday_Trading_Minute: Specifies the cutoff minute for trading on Fridays.
- Inp_Friday_Close (true/false): Set to true to force-close all open orders after 23:59 on Fridays.
- Trade_Now: When set to true, the EA will stop looking for new entry signals after the current trading series is complete, preventing the opening of new trades.
Conclusion
The Ice Cube Scalper EA offers an efficient and strategic approach to day trading, utilizing trend-following methods and advanced averaging techniques to capture consistent profits. With robust risk management features and the ability to test the EA before live trading, it provides a valuable tool for traders looking to optimize their Forex trading strategy. By following the recommended settings and guidelines, you can maximize the potential of the Ice Cube Scalper while minimizing risk.
