The Monopolist EA is a Scalping Expert Advisor designed to work with short-term trades in the forex market. Its strategy is based on price action, aiming to make fast decisions while opening trades. This approach is intended for scalping, a trading method that focuses on making small profits from quick trades.
EA uses a built-in, multi-component algorithm created by its author. This algorithm processes market data in real time. This setup allows the EA to identify opportunities for entering and exiting the market quickly. The goal is to trade on instruments that have low spreads and show dynamic price movements.
Once a trade opportunity is found, the Scalping Expert Advisor opens a position after a minimal wait time. The robot can handle a fixed lot size or calculate the lot size automatically, depending on the settings. Users can keep the default configuration or change the settings based on their preferences.
Risk Management of Monopolist EA
The Monopolist EA does not use martingale or arbitrage strategies. This means it doesn’t double lot sizes after losses or rely on price inefficiencies between brokers. Each position is protected with a stop loss, which helps manage trading risk.
There is also a system in place that manages the size of open positions. This volume control gives the robot some flexibility in adjusting the trade size, depending on the market situation or the trader’s preferences.
Spread and Slippage Control
The Scalping Expert Advisor includes features to automatically monitor spread expansion (when the difference between the buy and sell price widens) and slippage (when an order is executed at a price different from expected). This is meant to avoid opening trades in less favorable market conditions.
Please test in a demo account for at least a week first. Then, please familiarize yourself with and understand how this Monopolist Robot works before using it in a real account.
Recommendations for Scalping Expert Advisor
- Minimum account balance of 100$.
- Works best on most major pairs. (Work on any currency pair)
- It works best on M5. (Work on any TimeFrame)
- Monopolist EA should work on VPS continuously to reach stable results. So we recommend running this Scalping Expert Advisor on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread, Slippage, and quick execution account is recommended (Find the Perfect Broker For You Here)
1ms Latency to Your Broker
100% Uptime Guarantee
Max Leverage
Small Accounts
Platforms
1:2000
Yes ✅ (Cent)
MT4, MT5
No Commission
Up to 90% profit splits
800+ Financial Markets
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Conclusion
The Monopolist EA is a scalping-focused trading robot that uses fast market data analysis to open short-term positions. Scalping Expert Advisor features a built-in algorithm, customizable settings, and protective measures like stop losses and spread control. It avoids risky strategies like martingale and arbitrage. Whether or not it suits a trader depends on their individual strategy and risk tolerance.
Monopolist EA: I did a back test on this EA. It had 1,515 wins without a loss. Impossible