Introduction
So, you’ve stumbled upon the Ice Cube Scalper for MT5, huh? A trading robot promising small profits with high potential. Users like Sebastian Becker and Joshep The Trader seem to be singing its praises. But let’s not get carried away. Here’s a guide on how to install and configure this EA for maximum efficiency. Spoiler alert: it's not magic.Installation and Setup
First things first, head over to forexroboteasy.com to download the Ice Cube Scalper for MT5. Once downloaded, follow these steps:- Open your MetaTrader 5 platform.
- Navigate to the 'File' menu and select 'Open Data Folder'.
- Place the downloaded EA file into the 'Experts' folder.
- Restart MetaTrader 5.
- In the 'Navigator' panel, find Ice Cube Scalper under 'Expert Advisors'.
- Drag and drop it onto your desired chart.
Configure the EA with the following parameters:
- RSI_Period: Set to 14.
- RSI_Overbought: 70.
- RSI_Oversold: 30.
- Start_Lot: 0.1.
- Lot_Multiplier: 2.0.
- Orders_Step: 10.
- SmartStep: true.
- StartStepCoeff: 1.5.
- Max_Averaging_Orders: 5.
- Equity_Risk: 20.0.
- Max_Trade_Hours: 24.
User Experience
Let’s be real. The Ice Cube Scalper has its fans, but it’s not without its quirks. Sebastian Becker claims a 3-5% weekly profit, while Joshep The Trader finds it “simple and consistent.” But remember, this is a martingale EA. It’s all fun and games until you hit a drawdown. Squidme says it’s promising, but that’s only if you follow the recommended settings.Tips for Improvement
Here are some tips to squeeze the most out of this EA:- Backtest extensively: Don’t just take user reviews at face value. Run your own backtests.
- Adjust risk settings: Tweak the equity risk and lot multiplier to suit your risk tolerance.
- Monitor regularly: Keep an eye on open trades and adjust settings as needed.
- Use a VPS: Ensure your EA runs 24/7 without interruptions.
Source Code of Ice Cube Scalper for MT5
We don’t have the original source code of the Ice Cube Scalper for MT5 sold on MQL5. However, based on its description, we’ve created a sample code. If you have questions about the code, feel free to ask. Remember, this is a sample from easytradingforum.com, not the original product.
Code:
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