Punisher Scalper EA is a fully automated expert Advisor using an advanced search and breakdown mechanism for local extrema. It does not use risky strategies like martingale, grid, HFT, etc. Punisher EA executes 2-6 trades a day. It uses pending orders and trailing stops to trade and close trades. All transactions are always protected by a small Stop Loss and take profit.
It can trade with a fixed lot or use an auto lot and increase the size of the transaction automatically according to the specified criteria. The maximum drawdown percentage is low for Punisher Scalper EA, which allows using this adviser on a small deposit.
What are Local Extrema?
A local extremum is a point on a function where the function has the highest value (local maximum) or lowest value (local minimum) in the vicinity of the point. These points are also known as “critical points” or “stationary points” because the derivative of the function is equal to zero at these points. It is important to note that a local extremum is only valid in the neighborhood of the point and not necessarily on the entire function domain.
How it used in Forex Trading
In forex trading, local extrema can be used as a technical analysis tool to identify potential points of support or resistance. A local maximum may indicate a resistance level, while a local minimum may indicate a support level. Traders can use these levels to decide when to enter or exit a trade.
For example, if a trader sees a local maximum on a currency pair’s price chart, they may interpret this as a potential resistance level and choose to sell the currency pair at that point. Similarly, if a trader sees a local minimum, they may interpret this as a potential support level and choose to buy the currency pair.
It is important to note that using local extrema as a sole trading strategy is unreliable. It is always recommended to combine it with other technical analysis tools such as trend lines, chart patterns, and indicators to make a more informed decision.
Please test in a demo account first for at least a week. Also, please Make yourself familiar with and understand how this Punisher Scalper Robot works, then only use it in a real account.
Recommendations for Punisher Scalper EA
- Minimum account balance of 100$.
- Work best on EURUSD, USDJPY, GBPUSD, XAUUSD, and the developer recommends running on all four pairs simultaneously. (Work on any pair)
- Work Best on M30 TimeFrame. (Work on all timeframes)
- Punisher Scalper EA should work on VPS without interruption and with good latency to reach stable results. So we recommend running this free forex robot on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low spreads, low commissions, and quality execution account is also Recommended (Find the Perfect Broker For You Here)