Euro Scalper Pro - the best EA for long-term profit
Euro Scalper Pro EA is a very profitable short-term scalper with 8-10% monthly gains with a maximum drawdown of no more than 1%. And this is all against the background of the use of the order grid in combination with the averaging strategy and the Martingale method. The Expert Advisor is universal and can be installed on any currency pair at low Time Frames М1, М5.
Сharacteristics of the Euro Scalper Pro EA
- Platform: Metatrader4
- EA version: 1.0
- Currency pairs: Any, recommended EURUSD
- Trading Time: Around the clock (can be set in the settings)
- Timeframe: Any, recommended M1, M5
- Recommended broker: Roboforex, XM, Tickmill RAW account. Best results with ECN brokers offering tight spreads and minimal slippage or RAW account
Trading algorithm of the EA
Many sources say that the EA trades pending orders, but this is not entirely true and is regulated by the advisor's settings. I don't really like using pending orders here. In addition, preset files also offer trading without using them. And then the EA trades in the following way: it opens an order with the Take Profit specified in the settings. And if the price goes in the opposite direction, then the advisor opens another order of the same name with the step specified in the settings. Etc. If the specified order step does not compensate for the loss, the martingale method is activated and the advisor opens the next orders with an increased lot. It turns out, in a way, a grid of orders with one Take Profit, upon reaching which the total profit will be obtained, despite some losing trades:
Testing
Unfortunately EA does not support backtesting. But we can perform a preliminary live test on a demo account. This will give an understanding of the operation of the robot's algorithm and help to correctly assess the possible risks. This will give an understanding of the operation of the robot's algorithm and help to correctly assess the possible risks. You can check out this account below:
And here is a detailed report as of 15.10.2021 from the MT4:
Expert Advisor settings
Basic trading parameters
- Minimal_Deposit - here are the recommendations for the value of the minimum deposit ($1000 - for a standard account and 1000 cents (best conditions here ➔ ProCent) - for a cent account)
- Time_Frame = M1 - specify the Time Frame on which the EA will trade
- Pairs = EurUsd
- Use_Daily_Target - use daily target
- Daily_Target - the value of the daily profit, upon reaching which the robot will not trade
- Hidden_TP - use hidden Take Profit (the broker will not see your TP)
- Hiden_TP - value of the hidden Take Profit (pips)
- Lot - value of the trading lot
- LotMultiplikator - the coefficient of increasing the trading lot when averaging
- TakeProfit - Take Profit value for the first order
- Step - step between orders (pips)
- Averaging = 0.0
- MaxTrades - maximum number of open orders
- UseEquityStop - use / do not use pending orders
- TotalEquityRisk = 20.0
EA time settings
Here you can set the start and end times for the Expert Advisor, both by time of day and by days of the week:
- Open_Hour = 0
- Close_Hour = 23
- TradeOnThursday = true
- Thursday_Hour = 23
- TradeOnFriday = true
- Friday_Hour = 23
Filters
- Filter_Sideway - filter from sideways price movement
- Filter_News - news filter. For this parameter to work correctly, you need to specify a news source, but which one and how to do this is not entirely clear. It is better to use the NewsInfo indicator for this. It has very flexible settings and will be able to manage the shutdown of the advisor during important news releases.
- invisible_mode - enabling this invisible mode allows you to hide the trading actions of the EA from the broker in order to avoid fraud on his part
- OpenRangePips = 1.0
- MaxDailyRange = 20000
As the trading practice of a large number of traders using Euro Scalper Pro EA in trading shows, this robot really shows good results. And, despite the use of the position averaging method, the robot is really profitable.
Do not forget to use Free VPS server for uninterrupted access of the advisor to the network. And of course, minimize the risks with an account with a minimal spread. I recommend RoboForex ECN accounts with zero spread.
In the archive Euro_Scalper_Pro.rar (230.0 kb):
- Euro_Scalper_fix.ex4
- Euro Scalper M5 Set.set
- Euro Scalper Standard 4 Digits.set
- Euro Scalper Standard 5 Digits.set
Free Download Euro Scalper Pro EA
