Overview:

The EA Ice Cube Scalper is a day trading advisor designed for Forex scalping, executing multiple trades daily with a focus on capturing small, consistent profits per trade. This Expert Advisor (EA) employs a trend-following strategy using the RSI indicator, optimized for traders who prefer a high-frequency trading approach.

Strategy and Features:

The EA Ice Cube Scalper EA utilizes a lot multiplier for averaging, a strategy that should be fully understood before deployment. Despite the complexity, this EA has shown strong performance in both backtesting and live trading environments. Key risk management features include customizable limits on the maximum number of averaging orders and equity risk, ensuring a controlled trading experience.

Pre-Purchase Testing:

Potential users are encouraged to thoroughly test the EA using the MetaTrader strategy tester to gauge its performance under various market conditions. This pre-purchase evaluation helps traders to familiarize themselves with the EA’s trading behavior and potential profitability.

Risk Management and Control:

The EA Ice Cube Scalper EA allows traders to customize risk management settings, including setting a maximum number of open trades, implementing timeouts for trades that remain open beyond a specified duration, and configuring trade closure times on Fridays.

Subscription and Monitoring:

To better understand the EA’s functionality, traders can subscribe to a free signal, providing real-time insights into its trading strategies and potential outcomes. Live performance monitoring of the EA is available here.

Input Parameters:

• Lot Multiplier: Adjusts the lot size for averaging orders.
• Start Lot: Defines the initial lot size for trades.
• Orders Step: Sets the step between averaging orders.
• SmartStep: Enables a dynamic step adjustment between orders.
• Max Trades: Limits the maximum number of open orders.
• Use TimeOut: Closes trades that exceed the specified duration.
• Max Trade Open Hours: Sets the trade timeout duration.
• Friday Trading Hours: Configures trading activity on Fridays.
• Forced Close on Friday: Option to automatically close trades after 23:59 on Fridays.
• Trade Now: Allows stopping new trade entries while completing the current series.

Recommendations:

• Starting Lot: Use 0.01 lots per $1,000 of deposit. For accounts under $1,000, opt for a cent account type.
• Profit Withdrawal: Regularly withdraw profits to recover the initial investment.
• Combination with Other EAs: Allocate at least $1,000 per 0.01 starting lot when using alongside other Expert Advisors.
• Time Frame: H1 (Hourly).
• Trading Leverage: 1:500.