Luxor Scalping Robot MT4 is an automated Scalping Robot that trades using a few indicators. Even though it is called a scalping EA, it’s more of a grid EA since it mainly uses the grid method.
This EA can get a bit risky sometimes since it utilizes the grid method. Because of this method, this EA has a very high ROI(Return of investment) with a chance to drain the deposit. According to the developers, this automated trading system can perform miracles. How Much Profit you can make monthly depends on your lot size and risk value.
After a Long time of using this strategy, Blowing your account is a possibility. However, with the periodic withdrawal of investments, the theory of probability works in our favor. After the initial investment is withdrawn, the dangerous Grid method immediately becomes break-even and highly profitable.
Please test in a demo account first for at least a week. Also, please Make yourself familiar with and understand how this Luxor EA works, then only use it in a real account.
With this Luxor Robot, the strategy is to profit fast and then withdraw fast. Of course, this is a grail, and with such a risk, the adviser can someday drain the deposit. But the main rule is to withdraw the deposit after doubling the deposit. Or you can run it safe(relatively) with a significant deposit.
Recommendations for this Scalping Robot MT4
- Minimum Account Balance of 50$ for the risky method or 100$ cent account for the safe method.
- Risky Method – You can use a 50$ account the withdraw the deposit after doubling the deposit method. This method is risky since it can double 50$ Accounts in a week or less with a chance of blowing the account too. (But it can be mostly avoided if you can turn off the EA and close all trades on volatile markets or News) .
- Safe Method – You can also use a 100$ cent account or an equivalent standard account for the secure Method.
- Work Best on EURUSD, GBPUSD, AUDUSD (Work on any currency pair)
- Work Best on M5 and M15 TimeFrame. (Work on any TimeFrame)
- You may need to look for volatile markets (News) and close trades.
- For best performance, We Recommend running Luxor Scalping EA 24/5. Recommend using a VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread ECN account is also recommended (Find the Perfect Broker)
- Download A-Z MetaTrader 4 (MT4) Tutorial