Long Tail Scalper implements a fixed reward-to-risk ratio and a dynamic grid-based system to manage position entries and exits. The robot utilizes a progressive lot sizing sequence to recover during market ranges, which requires significant margin. Risk management features include a daily session controller for specific trading windows and automated grid shift monitoring. The strategy is primarily optimized for gold and volatile market conditions.
Read from LongTailsScalperV1.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
use_daily_session
bool
false
trade 24/7
multiplier
int
3
sequenceLength
int
50
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone SilverbackOssi/LongTail-Strategy from GitHub, and unzip it.
2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
3Copy the filesCopy the .mq5 file into Experts, and any .mqh files into the Include folder the code expects.
4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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