Shocker is a specialized computer program necessary for automatic trading on the Forex interbank currency exchange market. This Expert Advisor is one of the most effective among many similar software products.
Strategy
This Expert Advisor belongs to the group of night scalpers, that is, it uses a scalping strategy at the heart of its work. This strategy involves trading on a short-term trend. The program opens several transactions and closes them with a small profit. The peculiarity of this program is that it includes six types of signal combinations. In other words, Shocker is an assembly of six night scalpers. For each signal, the program opens its own order with a unique magic number. The program opens the first and third positions for purchase, all subsequent positions are opened for sale.
Platform
This program works on the platform MetaTrader 4.
Currency pairs
Among the recommended currency pairs, the following combinations can be noted: EUR/USD, GBP/USD, USD/CHF, USD/CAD. The most profitable is the use of the following currency combinations: EUR/USD and USD/CAD.
Timeframe
As for the timeframe, the recommended time interval is M15.
Working hours
Since this Expert Advisor is a night scalper, it can work during the Asian session.
Settings
Let's look at the main settings of the Expert Advisor:
- MoneyManagement-parameter that allows the Expert Advisor to determine the lot size for its positions based on the standard formula
- Lots – selection of a fixed lot
- MicroLots-enabling support for microlots
- MaximumTrades-parameter that allows the program to open a large number of positions simultaneously MaxSpread – selection of the maximum spread value
Versions
This Expert Advisor has several versions, including the following: v1.0, v2.0, v3. 0. The most popular are versions 2.0 and 3.0.The difference between these versions is that the earlier version is very difficult to optimize. There is no such problem in the new version. In addition, in version 3.0, new functions have been added that make the work of the Expert Advisor even more efficient.