FXProSystems
Back

Euro Scalper Pro - the best EA for long-term profit

Published: 28.01.2021
Reading time: 21 minute
39
3632

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, Forex4you

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. This can be clearly seen in this screenshot and in the video below:

euro-scalper-pro-trading-algorithm

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. You can check out this account below:

And here is a detailed report as of 22.02.2021 from the MT4:

euro-scalper-last-detailed-report-22-02-2021

Expert Advisor settings

Euro Scalper Pro has the following settings

euro-scalper-pro-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 - 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.

Get the X Trend Premium

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

Mirror

Author:
Daniel
Share
Related Post
Comments:
  • Raju
    Published: 29.01.2021 Reply to the message

    How to Install this Robot? Thanks.

    • Daniel
      Published: 29.01.2021 Reply to the message

      The EA is installed according to the standard scheme: copy the MQL4 folder from the archive to your MT4 along the path Open Data Folder. I specially companion files into folders as they are located in MT4. And you just need to copy folder MQL4 to Open Data Folder.

      Or as shown in that video:

      • mario
        Published: 01.02.2021 Reply to the message

        i follow this step but the expert don't works

        • dimitar valchev
          Published: 14.02.2021 Reply to the message

          file:///C:/Users/%D0%BD%D1%8F%D0%BC%D0%B0/AppData/Roaming/MetaQuotes/Terminal/8629C9EF1C567552AC8CECF64F098B65/DetailedStatement.htm

  • Robert
    Published: 29.01.2021 Reply to the message

    How about the stop loss?

    • Daniel
      Published: 29.01.2021 Reply to the message

      Stop Loss is absent for this EA

  • Terry
    Published: 29.01.2021 Reply to the message

    Thank you for your hard work uploading all these, do you recommend which EA to use?, so many to choose from

  • Rix
    Published: 29.01.2021 Reply to the message

    Hye Daniel..thanks for the EA... may i know the Open_Hour & Close_Hour is referring to broker time on computer time?

    • Daniel
      Published: 29.01.2021 Reply to the message

      Broker time

      • Ezrix
        Published: 30.01.2021 Reply to the message

        Thanks Daniel..

  • Olabayo Ajayi
    Published: 01.02.2021 Reply to the message

    can this EA be used on cent account ?

    • Daniel
      Published: 01.02.2021 Reply to the message

      Yes.

  • William Mubiru
    Published: 02.02.2021 Reply to the message

    i too loaded the EA but its not trading anything on my demo account. Its on m5 but its now 2 hours, no trade or something. why?

  • Ernst
    Published: 03.02.2021 Reply to the message

    Thank youf for Titanxpro!

    Please 3 questions:
    1. how do I ad new underlaings?
    2. If I click on the table ther is no new pair coming up? how to get it running?
    3. do yourun a community - to avoid too many questions to you?

  • Ami
    Published: 03.02.2021 Reply to the message

    :-D :-D :-D This is failed , nothing EA,, LOL Rip My Account Yesterday

    Euro Scalper

  • Eric
    Published: 04.02.2021 Reply to the message

    Daniel, any idea if the EA could be run on several pairs simultaneously ? Thank you.

    • Daniel
      Published: 04.02.2021 Reply to the message

      Yes, you certainly may. But you need enough margin in case of possible drawdowns for all these pairs at the same time.

  • Kristi Mauldin
    Published: 05.02.2021 Reply to the message

    Is there any way to see a current myfxbook acct on this scalper? Also, what about updates and patches? =)

    • Daniel
      Published: 05.02.2021 Reply to the message

      So far only a current account with FXBlue:

  • John
    Published: 05.02.2021 Reply to the message

    Daniel, what minimum bankroll is recommended?

    • Daniel
      Published: 05.02.2021 Reply to the message

      I would recommend a minimum of $ 1000 (or 1000 cents) for one pair

      • John
        Published: 14.02.2021 Reply to the message

        Thank you. Which leverage should we take 1:100 or 1:500?
        Is that safe to take 1:500 with 1000$ bankroll?

  • alireza
    Published: 05.02.2021 Reply to the message

    hi
    thank you for your work excellent
    dose this robot have an expiration date?

    • Daniel
      Published: 05.02.2021 Reply to the message

      No. This is unlimited version.

  • Manfred
    Published: 08.02.2021 Reply to the message

    Hi, can anyone explain the Input-Options ?
    What do they do exactly ?

    For Example:

    Filter_Sideways
    Filter_News
    OpenRangePips
    InvisibleMode
    MaxDailyRange

    Or has anyone an Instruction Manual for this beautiful EA ?

    Regards
    Manfred

  • John
    Published: 08.02.2021 Reply to the message

    Hi, I'm testing the bot. How can I set up 1st position 0.01, 2nd 0.02, 3rd 0.03? I put multiplier to 1.5 but repeat the first 2 positions 0.01. thanks

  • William Mubiru
    Published: 10.02.2021 Reply to the message

    Hi Dan, filter news, is really hard to understand, I have icefx set, and the EA but they don't connect, are not working together. any ideas pls?

    • Daniel
      Published: 10.02.2021 Reply to the message

      It might just be worth ignoring this news filter. EA works well anyway.

  • William Mubiru
    Published: 10.02.2021 Reply to the message

    too sad, my account is blown to zero. in just 2 days, am on zero. The EA doesn't follow trend, I dont knw what it uses. but trading opposites only.... %)

    • dimitar valchev
      Published: 13.02.2021 Reply to the message

      for three days the account grew by 95 percent
      :P :P :P :P :P :P

  • dimitar valchev
    Published: 10.02.2021 Reply to the message

    просто перфектен за няма и24 часа много добра печалба

  • Brad
    Published: 16.02.2021 Reply to the message

    It seems like this one is sending out a lot of info. I tried it for one day, but the account closed due to hyperactivity. Is there a way to make it work without sending a lot of info all the time during the trading.

    • Daniel
      Published: 16.02.2021 Reply to the message

      Hyperactivity? What are you talking about?

      • Brad
        Published: 16.02.2021 Reply to the message

        I replied below. Didn't see this reply button first.

  • Brad
    Published: 16.02.2021 Reply to the message

    I get this warning from IC Markets when the EA is sending a lot of information all the time to their server. I got this message a couple of hours ago and just left one pair open with this EA running and now I got another mail with this info: According to Metaquotes guidelines, an account is considered hyperactive when it exceeds 2,000 messages per day. We are flexible with this guideline and will only contact clients when this threshold is breached by some margin. Your server messages have exceeded 5,000, so we must ask you to take immediate action to bring these down to an acceptable level.

    So it seems like the EA is sending out too much info. When I look at the journal tab it keep sending info about modifying the orders that are open.

  • Ali Sarshad
    Published: 19.02.2021 Reply to the message

    Hi Daniel
    As i did not have any input-option documentation on this Ea I have testet it on about 14 demo accounts with different input-options and get different results with even more than 70% DD.
    1- Do you have any doc for input-optins ?
    Averaging, daily rang and ... ?
    2- is there any optimized input-option for this EA ?
    Thanks

    • fathi
      Published: 19.02.2021 Reply to the message

      hello sir
      this EA is diffirent as the EA in first pic

  • rarck
    Published: 27.02.2021 Reply to the message

    HI I have tried this ea. it is good but i have one problem.
    This ea opens several trades very closely. if the trend go in opposite way account washed out.
    Can you please let me know how i can control the gap between two trades. what is the parameter should i adjust. i need to open next trade after 20 pips

  • Abdur Rehman
    Published: 04.03.2021 Reply to the message

    This robort was working good but all of sudden its stops working can you help me how it works again

Name
Please enter your last name and first name
E-mail
No spam, we promise
Message text
By submitting this form, you agree to the political confidentiality and rules of our site.