User Manual of Ai Scalper Ea V2.5 - V3: Settings

USER MANUAL OF AI SCALPER EA V2.
5 -V3
forexaiscalper@gmail.com
www.aiscalper.com
AI Scalper is the newest expert that has new indicators that our team had designed from last year
and been testing it for 2 years now and it's designed for all traders.
This EA works based on HFT (high-frequency trading) algorithm it is very sensitive, it „and
100% automatic. AI SCALPER is capable to scalp every different situation that every trader
dreaming to catch them. It has been designed for the new generation of the market.
So, if there is no liquidity in the market there is no trade. Sometimes it executes 12-16 trades in a
week and sometimes 2-6 trades. So From this, it is clear that it needs huge liquidity in the
market.
SETTINGS
As it is a scalping EA it needs high accuracy and you must have to know the correct settings or it
will not work.
There are 6 different parts in the EA settings and every part needs a combination to work.
1.1 TIME SETTINGS
This setting Limite the time of trading hours.
If you don‟t want to trade any session you can set the time limitation.
1.2 LOT SETTINGS
Lot settings belong to risk management and it has two option
 1.2.1 Default lot

If you use this setting it will not increase the lot size with the increase of your account
balance.
 1.2.2 Use the percentage of the balance
If you activate this setting the EA will take the risk with the percentage of your account balance.
For example
If you are trading with 1000USD and set 5% risk of balance with SL 15 pips then
Risk taken 50USD and for 15 pips SL, the lot size will be 0.33
You can easily calculate the risk from here
Lot size calculator
Don‟t forget to active the auto lot by balance (true)

MANAGING RISK IN AISCALPER
Take always 3:1 risk (recommended)
Or 2:1 can be works well with some drawdown
Mean If your SL is 4 pips then your TP should be 12 pips.
In this case your Training start will be 6 pips and the trailing stop will be 4 pips equal to the SL.
In this way if you loss 60% and will 40% you have good profit.
1.3 INDICATOR SETTINGS
There are two indicators used in the EA
1.3.1 RSI
If you set the RSI period lower it will send more trade confirmation.
And keep the
High Value 70
Low Value 30
It will provide a better result
1.3.2 BOLINGER BANDS
If you set the Bolinger Bands period lower It will send more trades confirmation.
It depends on market Range so analyze it your self and set it.
1.3.3 NEXT ORDER
This option will limit your EA to set an interval between trades when it has a lot of trade
confirmation at a time.
For example, on a news time, you can get 5 trade confirmation at once and you can set a time
interval to enter the trade. If you set the time “1 minute” then it will trade after one minute of
closing of the previous trade.
1.3.4 STOP ORDER DISTANCE
It explains how much distance (pips) you want to take between trade and break even.
1.3.5 MINI BAR LENGTH
It explains how long the candle will be that you want to take Entry from the top.
If you set it 35 then it will send a confirmation when a candle is long enough to 35 pips.
1.3.6 CHECK PREVIOUS BAR
If you activate this option the EA will enter trades after MINI BAR close
Mini bar explained in 1.3.5

1.3.7 MAX SPREAD AND SLIPPAGE
Max spread and slippage are filters that allows the EA to enter trades with low spread and low
slippage.
1.4 STOPLOSS & TAKEPROFIT
Stop-loss and Take Profit should be set by the risk management, Explained in 1.2.2
1.5 TRAILING SETTINGS
If you set trailing start lower you will get low profit but the loss will be decress
And if you set the trailing stop high the profit will be high but for the losses, it also will be high
.
1.6 TRADE SETTINGS
It is very important part of setting and has 3 option into it/
 BUY ONLY- if you activate this the EA will be only buying when it gets confirmation from
others.
 SELL ONLY- if you activate this the EA will be only selling when it gets confirmation from
others.
 BUY AND SELL- if you activate this the EA will both buy and sell when it gets confirmation
from others.
RECOVERY SETTINGS
This option will only found in AI SCALPER V3
For the recovery we have used 2 types of martingale option
Martingale? It is very risky!
I know It‟s risky but we made it profitable in combination of our system.
We only use the martingale step system and the step is 0.05 for 1000USD capital.
With the 3:1 Risk management (Discussed before) it will keep your profit safe with very low
drawdown.
Please test the combination in tester and demo first before trade in real.
STRATEGY OF TRADING
Disclaimer: This is my own Strategy and I am using with this EA and it’s profitable. I don’t
ensure you that it will work for you. You can follow and trade but on your own risk. I’m not
responsible for your capital Damage.
1. Trade with the Trend: If you read the user guide carefully then you know that this EA have
different executing system. You can only buy, or you can only sell, or you can both buy sell.
You just need to set this EA with the trend for this
Go to H1 Time Frame and find a pair that is running with trend
From above the figure you can see that EURJPY is dropping down side so you can sell with
sell-stop order.
Just analyze some analyze some mini bar height and make a setting.
Now you can find some pair with uptrend and can trade with buy limites.
Reversal Trading Strategy:
The 2nd strategy is short term reversal trading in ranging market.
From the above Figure you can see that there is no trend Like EUENZD or EURAUD so market
always short time spick. Now you have to analyze some mini bar height and set the EA with Buy
Sell with proper risk.
CONCLUSION
From the above-mentioned details, It is clear that if you can use those settings you can make a
different strategy that will work in different market situations and different currency pairs.
As you know the market always has 2 situation Trend and Ranging, So Find out which pairs are
in trend and which are in Range. Use different Strategies on different situation and Try to
optimize the EA at last one time in a month.
How to optimize EA
Copy right-2019-2020 aiscalper.com
forexaiscalper@gmail.com
Telegram@aiscalper
https://t.me/fxaiscalper

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What are the different trading strategies discussed in the document?

What are the different trading strategies discussed in the document?

How does the EA determine the lot size?

How does the EA determine the lot size?

USER MANUAL OF AI SCALPER EA V2.

This setting Limite the time of trading hours.

1.2 LOT SETTINGS

Lot settings belong to risk management and it has two option

 1.2.1 Default lot

You can easily calculate the risk from here

Lot size calculator

Don‟t forget to active the auto lot by balance (true)

Take always 3:1 risk (recommended)

Or 2:1 can be works well with some drawdown

Mean If your SL is 4 pips then your TP should be 12 pips.

There are two indicators used in the EA

And keep the

It will provide a better result

1.3.2 BOLINGER BANDS

1.3.6 CHECK PREVIOUS BAR

Mini bar explained in 1.3.5

It is very important part of setting and has 3 option into it/

This option will only found in AI SCALPER V3

For the recovery we have used 2 types of martingale option

Martingale? It is very risky!

I know It‟s risky but we made it profitable in combination of our system.

Go to H1 Time Frame and find a pair that is running with trend

The 2nd strategy is short term reversal trading in ranging market.

Copy right-2019-2020 aiscalper.com

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