The Poverty Scalper Robot is an automated trading tool designed to identify and execute short-term trades on the M1 timeframe. It operates with five widely used currency pairs and seeks to capitalize on minor price fluctuations. The algorithm is structured to find high-probability entry and exit points, executing trades quickly in an attempt to maximize trading opportunities.
The robot follows a scalping strategy, meaning it opens and closes trades frequently, targeting small profits from each movement. It operates from Monday to Friday, entering trades based on the signals generated by its algorithm. Each trade is set with predefined Take Profit and Stop Loss levels to manage risk. Additionally, there is an extra security feature (max drawdown percentage) to help control potential losses.
The robot setup is straightforward. By default, all parameters are set and ready to use. users only need to adjust the lotan class="fc-gloss-tip" data-slug="lot-size" tabindex="0">lot size according to their risk preferences. Additionally, the accompanying panel shows helpful information such as the forex calendar, daily pips gained, daily profit figures, and the current market session status.
If you want to use this robot alongside manual analysis, be sure to browse our forex indicators library for complementary tools.
Please test in a demo account first for at least a week. Also, please familiarize yourself and understand how this Scalping EA works, then only use it in a real account.
Recommendations for Scalping Robot
- Minimum account balance of 1000$.
- Works best on EURUSD, GBPUSD, USDJPY, EURJPY and XAUUSD. (Work on any Pair)
- It works best on M1. (Work on any TimeFrame)
- Scalping Robot should work on VPS continuously to reach stable results. So we recommend running this Scalping Forex Robot on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread, Slippage, and quick execution account is Recommended, especially during rollover time (Find the Perfect Broker For You Here)
Updated on 2025/09/18
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Conclusion
The Scalping Robot is intended for traders who prefer an automated approach to scalping. It aims to capture small price movements and includes built-in risk management features. Users should be aware of market conditions and costs associated with frequent trading when using this type of strategy.
While this scalper performs well in ranging markets, you should always diversify your automated strategies. Browse our verified library to find the best forex EA for your specific risk tolerance and broker setup.
Kenya
Nairobi
Can I get a robot
Can I have the mq4 file of this EA?
click on the download button
the file is all there
Hello, I haven’t seen MQL4. Can you share it with me?
How to connect to metatrade
Why is the bot not working on real account
Why this EA close trades at profit of $3 no matter what lot size you select on settings, anyone has idea?
i noticed that as well
and it doesnt trade that much
i have it running on all pairs and only had 2 trades in 2 days and only on the gold market
weird
this EA is werid, in the strategy tester it works that it opens a buy and a few pips it opens a sell the same lot size but in the end it closes in the profit, which is good, but when try it in the demo account it works differently, it opens a buy and if the price goes down it keeps opens buy and buy which makes the drawdown really high. if it work the same as the strategy tester this EA will be the perfect EA, but I knew that is too good to be true unfortunaly. I will keep testing it in the demo and see what happens.
yes, the backtest and live test is different. still profitable if you try at gold but the risk is too high since there is no SL like on the backtest
well i guess you are lucky that it opens trades, because for me it opened 2 trades in 4 days now, and i am running it on all the pairs
what type off acc u used? Standard or cent or RAW or ECN.. probably the spread of std/cent caused less trade.. im using RAW/ECN and look good.. with 1000$ capital, i got 50++/day
Yeah for me it opens a lot of trades in XAUUSD and in US100 nasdaq and DJ30, these work fine, but in other forex pairs it only opens 1 or 2 when I try it in the strategy tester, but again there is a problem here, I think the Author of the EA programed the EA with certain template for the tester so when people test it it will look fine and good, but when use it on real account or live demo account it works differently. I get like 20 to 30% drawdown just to close it on 3 dollar profit. but in the Tester it only gets 1 – 5 % drawdown and 10$ profit.
Yes, I can confirm the cracked version supplied here is limited intentionally so people wont be able to modify the settings that is why it behaves weird, also it doesnt have stop loss and open max trades and if the price goes against your trades it just keep them there and doesnt do much eventually blow out your account, garbage EA…
Got the right settings had 6 trades in with 100% win rate and 89% gain already. 😀
share some settings
Same here, 1-2 % daily profit, with 3% around DD
Don’t be greedy
Please share some setting
Default settings, just adjust lot size. 500/0.01
what do you mean by 500/0.01
you mean 0.01 lots ?
whats the 500 stand for
do we put that in there as well or just 0.01
thank you
0.01 lot per $500
ohh i see what you mean, ok i get it
thank you for your reply
How can I setup this scalping EA on the inputs
thanx to Azman and Trader92 for the advices
I use it on 2 accounts
Darwinex account it works fine
VantageFX demo it doesn’t take any trade
I have the message : Scalping Robot 3.0 EA XAUUSD,M1: Sellstop price is too close – block new trades
so Just to give an update on this, I used it on demo, 5 pairs, gold, EURUSD, USDJPY, EURJPY, GBPUSD and it worked fine, on the smallets lot 0.01 I got like 272 $ profit in 3 days. so I tried on Real Account with 500 $ from Tuesday until now I’m floating in Lose, I Manualy closed gold on lost because yesterday movement the robot insist on selling, the other pairs got my lost back, but it always keeps floating in lose, bearly wins trades. to be honest I think this Robot is good if the price is Ranging if it takes one deriction the robot will margin you, because until now I don’t see any Auto SL as the Arthour says. and another advice if you run a pair against dollar, try to run another one with Dollar movement. but again It bearly wins trade if the market moving in one deriction, so today is 14-mar, I have 21$ in lost, and 90$ floating in loss, pairs opens USDJPY, GBPUSD , GBPJPY, EURJPY, USDCHF. I will update if the robot will get himself out of this shithole. and I removed EA from XAUUSD.
Thanks for the update. In my case, I have been testing it on a demo account for 1 week. I tried this EA on different types of accounts and Zero is the one that had the best results, which makes sense because these accounts offer almost 0 spread and low commissions. so far it has generated around $50 per day, set the execution time outside of the NY session to avoid volatility and so far it seems to work well. My idea is to try it for 2 more weeks and see the results to just move to a real account. I advise adjusting the daily drowdown by 20% to avoid large losses
sorry, I forgot to clarify that I have only tried the EA in XAUUSD
Just to update, I closed all my positions manualy in lost, aboout 150$ lost, as I said this EA doesn’t have any automatic SL as it says. and the EA in the backtest is 100% different from demo, and on demo it works 100% different from a live account. I don’t recomend this EA if you love your money.
Run on demo and use EA copy to real account
That’s a brilliant idea…didn’t ever come to my mind !!! Thanks
The new Version 4.0 has a Stop Loss parameter. Wonder if Admin will be so kind as to provide us that new version ?
onde faz o download? Não em lugar nenhum.
i use this ea it work my fund 100$ it profit 45$ and next day 60$ 120% in two day it work but now 16/4 gold new hight it not work i lost 50$ but it ok
it work on sideway not trend
Can we get the 5.0 versions? Thank you admin!
I don’t like it. No SL, completely different from tester, earn $2, loss can be $100, bad in trends and so on. Waste of time
Hello sir, could you please share the scalping robot 3.0 source code with me if you have it?
Excellent, I tried it for two weeks and it was very wonderful
Edit: It’s dangerous
EL PROBLEMA QUE HA HABIDO CON ESTE ROBOT QUE NO HAN SUBIDO LOS INDICADORES NECESARIO DENTRO DE LA CARPETA DE DESCARGA, SOLO HAN SUBIDO EL ROBOT ,SIN INDOCADORES, POR ESO EL ROBOT LO UNICO QUE HACE ES ABRRI COMPRAS O VENTAS HASTA QUE PETE LA CUENTA
It’s good
Orrible Back test on eurusd
Fake EA. Don’t use it!!!!!
Fake backtest. Disguised martingale!!!
Working on nasdaq very good
Admin please jesko upload here
Does this robot have an expiration date?
Alguem tem um set bacana para este robo, ele é um otimo robo mais quebra a conta se nao tiver um stoploss
how to paste this robot to chart, i cannot see ok option
Forex trading
Esse robo parou de funcionar? Alguem tem a atualização dele !!! se tiver e poderem me enviar nao consigo entrar com ele mais !
Alguem tem este robo atualizado? ele parou de funcionar hoje !
Can’t attach it on new MT4 build, please update.
I need a robot 🤖, poverty scalper robot 🤖 trading app