Trading in the Forex market can be challenging, especially for those new to the market or needing more knowledge to make informed decisions. The Advanced Scalper Forex EA is a powerful tool for forex traders looking to take advantage of breakout opportunities in the forex market. This expert advisor follows a forex scalping strategy that trades the prices from relative highs and lows, allowing forex traders to capitalize on short-term market movements.
One of the critical features of this EA is that it does not use any martingale or grid functionalities, which can be risky for traders. Instead, it uses entry-stop orders for the fastest possible execution, ensuring that traders can enter trades quickly and at the best possible price. This feature ensures that traders can enter trades at the right time and at the best possible price, which can help minimize the risk of losing money.
The Advanced Scalper Forex EA is optimized to work on the EURUSD and USDJPY currency pairs in the H1 timeframe. This means traders can use the EA to trade these currency pairs in a 1-hour timeframe and take advantage of short-term market movements.
The EA also has a built-in money management feature that requires a minimum of 200 currency units. This means that traders can use the EA with a relatively small account and still be able to take advantage of breakout opportunities in the market.
Overall, the Advanced Scalper Forex EA is a powerful tool for traders looking to take advantage of breakout opportunities in the market. With its scalping strategy, entry-stop orders, and built-in money management feature, the EA is an excellent option for traders of all levels looking to capitalize on short-term market movements.
Please test in a demo account first for at least a week. Also, please Make yourself familiar with and understand how this Robot MT4 works, then only use it in a real account.
Advanced Scalper Forex EA Settings
Buy Trades: Allows the EA to execute buy orders.
Sell Trades: Allows the EA to execute sell orders.
Timeframe: Determines the time frame of the candle used to identify high and low points.
BarsN: Adjusts the sensitivity of the high and low algorithm, with smaller values resulting in more highs and lows and larger values resulting in less.
Order Puffer Points: Determines the distance of orders from the high/low.
Trading Volume: Mode for calculating the lot size for each trade.
Fixed Lots: Lot size for each trade if the fixed trading volume mode is selected.
Risk Percentage of Balance: Lot size is calculated so that a set percentage of the account balance is lost if the initial stop-loss is triggered.
TP Points: Distance from the entry order price to the take-profit.
SL Points: Distance from the entry order price to the stop-loss.
TSL Trigger Points: Trailing stop is activated once a trade exceeds the TSL Trigger Points in profit.
TSL Points: Trailing stop will be set below the current market price.
TSL Step Points: Stop-loss will only be modified if it is at least this distance above the previous stop-loss.
Time Filter: Enables or disables a time filter that is checked before new orders are placed.
Start Hour: Hour when the allowed trading time begins.
Start Minute: Minute when the allowed trading time begins.
End Hour: Hour when the allowed trading time ends.
End Minute: Minute when the allowed trading time ends.
Drawdown Monitoring: Activates or deactivates a mechanism that closes all trades when an inevitable drawdown is reached.
Max Daily Drawdown %: Drawdown monitoring is triggered if equity or balance is this percentage below the starting balance of the day.
Order Comment: Comment added to every order placed by the EA.
Magic Number: Unique number used to identify the EA’s trades.
Chart Comment: Enables or disables a comment in the chart’s upper left corner.
In addition, the EA also includes an adjustable trailing stop feature, which allows traders to secure profits as the market moves in their favor. This can be especially helpful for traders looking to maximize their returns while minimizing risk.
Advanced Scalper Forex EA Results
Advanced Scalper Forex EA will work superbly on Low latency servers. So we recommend running this free forex Robot on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
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The Advanced Scalper Forex EA is a reliable and profitable scalping strategy for experienced traders. Backtests using the default settings and a 14% risk per trade yielded promising results. This EA is suitable for those looking to trade breakouts and secure quick profits in the market.
The Advanced Scalper Forex EA is valuable for traders seeking a reliable and profitable scalping strategy. Its breakout-based approach is logical, and the precise settings make it easy to understand and use. In addition, the real account monitoring feature adds an extra layer of confidence in its performance.