Forex Price Action Scalper Pro Robot review:
About The Forex Price Action Scalper Pro Robot
As the Pivot system has proven not suitable for small account because of the high risk of high frequency trade, I decide to remove it from this Robot and return the Robot to the original scalper. I will make the Pivot system into another Robot for special traders with large accounts.
This EA has the following features:
1. The default settings are good for EURUSD, USDJPY. With this Default Settings, the robot opens some trades in a month at suitable time with high risk of 10% of the free margin. It does not hold trades too long and does not affect other EAs. It does not use Martingale, Grid or dangerous strategies. It opens only ONE trade per time. The recommended minimum deposit is 500 USD.
2. Patience is needed because it does not open many trades, and does not trade each day. This can be seen in backtest.
3. The scalp_factor is used to generate signals for the robot to open trades. It can be used by the Optimization of the Tester to find good settings for Pairs.
4. Contact me if you have any questions.
5. It is best used for trading with brokers that offer low spread, low commission, low stop level. No limit on products.
And furthermore, I have tested this product to a good extend to ensure that it works right according to the rule. But I cannot ensure profit all the time. Hope you will do every type of tests before attaching it to real. I am not responsible for the losses it may make. Always use at your own risk – and reward.
Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)