Brillante – Scalping Expert Advisor
Metatrader 4 (MT4) Expert Advisor (EA)
Brillante is an excellent scalping expert advisor with extended functionality. The take profit can extend from 5 up to 200 pips. Unlike most of the scalping expert advisors, Brillante has very advanced algorithm for opening and closing orders. It can divide each order and close only a part of it, leaving the other part to make more profits. This process can be repeated automatically depending on market conditions. Therefore, this EA can be a scalper but it also can be much more. GBPUSD gives the best results so far. However, it supports all currency pairs.
- Easy to set up
- Easy to supervise
- Many configurable input parameters
- Advanced Money Management System
- Under 5% lost trades in 7 years back test
- 2 licenses included in one purchase
Brillante Expert Advisor supports all currency pairs but only on the 15-minute time frame. However, it’s recommended to use it on major currency pairs with low-spread accounts. The purchase of this product contain BrillanteEA.ex4, BrillanteEA_backtest.ex4 and Installation Guide. It’s recommended to use BrillanteEA.ex4 file for trading. In order to make faster back test and adjust the parameters you can use BrillanteEA_backtest. In Strategy Tester select “Open prices only” and 1-minute time frame. However, if you want to do the most precise back test you should select “Every tick” method and choose 15-minute time frame. BrillanteEA.ex4 and BrillanteEA_backtest.ex4 are the same except time frame restriction in BrillanteEA.ex4.
Basic strategy uses well known Stochastic Indicator to filter signals. Customer can use fixed lots setting or the advanced Automatic Money Management system. This scalping expert advisor has Trade-hours filter called “Do Not Treade Hours”. Brillante can use its Trailing Stops and Break Even settings. User can also use candle trail if necessary. Magic Seed is a way to automatically compute the Magic number. When this EA is used with one magic seed on different currencies it will assign to every pair unique Magic number. Brillante also has the options for hedging trades, close on opposite signal and it can place more than one order.
Brillante is compatible with all Metatrader 4 brokers, as well as with brokers that use ECN-type order fulfillment. This Scalping Expert Advisor automatically recognizes whether your broker offers four- or five-digit quotes. You don’t need to change any settings. If your broker offers five-digit quotes, you don’t have to multiply Take Profit and Stop Loss values by 10. This EA is not using any arbitrage and martingale strategies. It protects your profits with recovery factor (if set to do so).
Input parameters are divided in 10 categories. These are example parameters for GBPUSD. You can use them in trading but it’s recommended to do back-testing in order to adjust everything according to your trading style and expectations. It’s crucial to adjust “Do not trade hours” because every broker is different. To do so you should set all of them to 25 and then optimize one by one with values from 0 to 25 (with step 1). Break Even is used even if it’s not set to true. Its values show where will be moved the stop after hitting first target. However, you can use it like normal Break Even function if set to true.