Description

XTurbo Scalper V3.4

Expert: XTURBO SCALPER V3.4.0 SECURED.ex4 (Unlocked)
Indicator: KeltnerChannel_v1.ex4
Presets: XTurbo Best (Low Risk High Reward).set, XTurbo Scalping (Med-High Risk).set
Read Me!.txt Pair & Timeframe.

Xturbo Scalper EA V3 4 is an automated trading system for specific forex major currency pairs. The EA isn’t available on the MQL marketplace, and you need to download it from third-party sources.

In this article, we’ll look at the Xpert Scalper EA, how it works, its strategy, and its features.

Xturbo Scalper EA V3 4 Strategy

The Xturbo Scalper EA V3 4 is a trading system designed to work on the EUR/USD, GBP/USD, and USD/JPY using a 5-minute timeframe. The system utilizes a hedging strategy and applies the Keltner Channel indicator to identify potential trading opportunities.

The Keltner Channel indicator is a technical analysis tool to identify an asset’s price action trend.

The indicator consists of two lines, an upper channel line, and a lower channel line, drawn above and below the asset’s price.

In addition to the Keltner channel, the EA uses a hedging strategy. When a trade signal is generated, the system will first open a position in the direction indicated by the Kelter Channel indicator.

If the market moves against the position, the system will open a hedging position in the opposite direction. This hedging position will have a smaller lot size than the initial position to reduce the overall risk exposure.

If the market continues to move against the initial position, the hedging position will keep adding profits, which can help offset the losses from the initial position.

On the other hand, if the market eventually turns in favor of the initial position, the system will close out the hedging position and let the initial position run.

The Xturbo Scalper EA V3 4 system comes with two presets, LOW RISK and HIGH RISK, which are applied to cater to traders with different risk appetites.

The LOW-RISK preset generates steady returns, while the HIGH-RISK preset is designed to get higher returns but comes with a higher risk of loss.

Select the preset that best suits your risk appetite using the Xturbo Scalper EA V3 4 system.

Once the preset has been selected, the system automatically generates buy and sell signals based on the Keltner Channels indicator.

Xturbo Scalper EA V3 4 Features

• The EA works on EUR/USD, GBP/USD, and USD/JPY.
• It uses the Keltner Channel indicator and works in only a 1-minute timeframe.
• It is only available for MT4 and requires VPS.
• The EA can be used with any forex broker platform.
• Xturbo Scalper doesn’t require a minimum balance.