Scalping Robot MT4

Scalping Robot MT4

What is the Scalping Robot EA?

The Scalping Robot EA is an advance automate trading system for forex traders who want to capitalize on small price movements in the market. This expert advisor (EA) focuses on scalping strategies, executing quick trades on the M1 timeframe for five popular currency pairs: XAUUSD, EURUSD, GBPUSD, USDJPY, and EURJPY.

Developed by experienced programmers, the Scalping Robot EA aims to identify high-probability entry and exit points, maximizing trading opportunities while minimizing risk. It’s an ideal solution for both novice traders looking for an automate approach and season professionals seeking to enhance their trading efficiency.

Key Features of the Scalping Robot EA

1. Automated Scalping Strategy: The EA operates on the M1 timeframe, targeting small price movements for consistent profits.
2. Multiple Currency Pairs: Trade on five popular pairs – XAUUSD, EURUSD, GBPUSD, USDJPY, and EURJPY.
3. Risk Management: All positions have automatic Take Profit and Stop Loss settings.
4. Customizable Parameters: Adjust lot size, maximum daily drawdown, profit targets, and more to suit your trading style.
5. News Filter: Avoid trading during high-impact news events for USD, EUR, GBP, and JPY currencies.
6. Trading Schedule: Customize trading days and hours to align with your preferred market sessions.
7. User-Friendly Interface: An informative panel displays key metrics like daily pips, profits, current market session, and spread.
8. Compatibility: Available for both MetaTrader 4 and MetaTrader 5 platforms.
9. Broker Flexibility: Use with any forex broker that supports the required platforms.
10. Ongoing Development: Regular updates and improvements based on user feedback and market changes.

How the Scalping Robot EA Works

The Scalping Robot EA employs a sophisticated algorithm to identify potential trading opportunities in the forex market. Here’s a breakdown of its operation:

1. Market Analysis: The EA continuously scans the M1 charts of the five supported currency pairs.
2. Entry and Exit Points: Using its proprietary algorithm, the robot identifies high-probability entry and exit points.
3. Trade Execution: When a trading opportunity is detected, the EA automatically opens a position with predetermined lot size.
4. Risk Management: Each trade is protected with Take Profit and Stop Loss levels to manage risk effectively.
5. Trade Monitoring: The EA monitors open positions and closes them when profit targets or stop loss levels are reached.
6. Daily Operations: The robot trades from Monday to Friday, adhering to your specified trading hours and respecting any set limits on daily orders.

Setting Up Your Scalping Robot EA

Getting started with the Scalping Robot EA is straightforward:

1. Purchase the EA and send a private message with your purchase confirmation screenshot.
2. Receive access to the private support group.
3. Install the EA on your MetaTrader 4 or 5 platform.
4. Add the EA to M1 charts for XAUUSD, EURUSD, GBPUSD, USDJPY, and EURJPY.
5. Set your desired lot size (the only parameter that needs adjustment).
6. Enable AutoTrading in your platform.

For optimal performance, consider the following recommendations:

• Use a low-spread account
• Maintain a minimum deposit of $1000
• Set leverage between 1:10 and 1:1000

Compatibility and Requirements

The Scalping Robot EA is designed to work with:

• Platform: MetaTrader 4 and MetaTrader 5
• Account Types: Raw, Hedging, Zero, Cent, Micro, Standard, Premium, or ECN
• Minimum Lot Size: 0.01
• Timeframe: M1