Fast Track Scalper works by spotting when price is trending in one direction at a faster than average speed. When price is in this condition this EA anticipates the price will keep going in that direction it will then use a trailing stop to capture profits.

It does not put your funds at big risk with such methods as martingale, grid, averaging positions or no stop loss trading.

This EA is very sensitive to latency and spread. We need an ECN broker with fast execution, tight spread and a low commission.

Recommended market is XAUUSD

For MT4 Version see https://www.mql5.com/en/market/product/76633

Features :

• No martingale, grid averaging or no stop loss trading.
• Risks are small per trade.
• An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
• Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and a broker execution speed button.

Settings :

• Distance - Distance in points price must cover before we contemplate placing an order.
• Multiplier - How many ticks we count when price is moving in one direction to also confirm order.
• Maximum Spread - Allows only trades when market is less than or equal to the spread as input by user.
• Start Hour - On and after this hour the EA will start trading.
• End Hour - On and after this hour the EA will stop trading.
• Stop Loss - Sets the size of stop loss from opening order price in points.
• Take Profit - Sets the size of take profit from opening order price in points.
• Trailing Stop -  Sets the size of our trailing stop in points.
• Minimum Profit To Trailing Stop - Sets the size of profit in points that is required before we activate out trailing stop.

Trading Requirements :

With this EA you will lose money if you dont make sure your broker has the following :

High liquid broker
A broker with fastest execution of < 150ms is essential. We use the execution reading button on panel to find brokers speed.
Low spread 0 to 1-2 points (Not Pips but points!)
Low Commission
Stop level 0
True ECN
Fast VPS with the broker server being as close to your vps server as possible

The best broker would be :

Pepperstone Razor ECN account

Though others are :

IC Markets
FXCM
Vantage FX
Roboforex
FXOpen
OctaFx

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