Price Action Scalper -[Cost $3000]- For FREEPrice Action Scalper -[Cost $3000]- For FREE
Price Action Scalper is an automated high-frequency EA that can be downloaded for free. This EA works based on the HFT (High Frequency Trading) algorithm. The robot is specifically designed to work extremely fast and perform high-frequency trading.
It is designed for use with TimeFrame M1 or M5, and is equally successful with both. It works best in highly volatile markets, so is best suited for GBP USD, GBP JPY and USD JPY. The EA's default settings are optimized for these currency pairs and time frames. It is enough to just drag/drop on the chart, everything is set and forget about this EA with very small DD and be profitable very quickly.
I ran Price Action Scalper on a real account for 1 month with very safe results (about 15% DD) and over 60% since depositing. Consider using the scalping indicator for best results.
I started with a starting price of just $110 and a leverage of 1:500 for testing on a real account.
cattle! Large leverage or margin is required, if you have a low margin like me, it is recommended to increase the leverage by 1:400 or more.
Ignore the 71% retracement because my manual trading ruined it.
The actual drawdown is about 15%, and my personal risk setting is fixed at 0.1 lot per $110
- Allow users to compound interest or fix lot sizes
- Spread protection, EA uses pending orders without any market orders
- There is no grid. No martingale
- Each trade has a small stop loss
- Combining RSI and Bollinger Bands Indicators
- Special Price Action, Special Artificial Intelligence (AI)
- Unlimited License
- 7 currency pairs
- Allow users to compound interest or fix lot sizes
Price Action Scalping EA is based on special price action. Trade with a combination of some indicators and AI
By default, GBPUSD trades very actively with M1 or M5.
It does not use dangerous trading methods such as martingales, grids , etc. So, if there is no liquidity in the market, there is no trading. Sometimes it executes 12-16 trades per week, sometimes it executes 2-6 trades . So it follows that it requires a lot of liquidity in the market. Forex Price Action Scalper MT4 can also go for days without any trades and without opening more than one trade at a time.
It can trade using fixed lot sizes, or it can use automatic lots and automatically increase the trade size based on specified criteria. This EA has a low maximum withdrawal percentage, thus allowing small deposits to be made using this advisor.
Please test in a demo account for at least a week first. Also, familiarize yourself and understand how price action scalper bots can work, but only use it on a live account.
Advice for Price Action Scalpers
- The minimum account balance is $100. (Can even be used for $25)
- Works best on GBPUSD , EURUSD, GBPJPY, USDCHF, EURCHF, AUDJPY and USDJPY. (Applies to any pair)
- Work best on M1 and M5 time frames. (works in any time frame)
- It is prone to slippage, spreads, and slow execution.
- This Price Action Scalper should be run on a VPS without any interruptions with low latency for stable results . So we recommend running this Free Forex EA on a reliable VPS (Reliable and Trustworthy Forex VPS – FXVM)
- Low spreads, slippage and fast execution accounts are also Highly Recommended ( find the best broker for you here )
Input Parameters
Volume
- Fixed lot size = 0.0: If this field > 0, it means compound interest is not allowed as follows
- Lot size per 1000 USD = 0.3
- Greater than 0.3 If leverage > 1:100, otherwise please use this equation; - Lot size = Margin * Leverage / Contract
- For example: GBPusd, lot size = 1000GBP * 30 / 100000 = 0.3 lots (should be < 0.3 – balance is 1000GBP, leverage = 1:30)
- -Minimum lot size = 0.01
- -Maximum lot size = 60
Protection
- Maximum entry spread (PiP) = 1.3 pips
Confirmation
- Bollinger Bands Period (Fixed) = 23 (Fixed)
- RSI period (fixed) = 18 (fixed)
- Stop Loss (PiP) = 3.0 (in points)
More
- Magic number = 68000
- Comment = Price Action Scalping v1.68
The download link has been updated 2023/01/05
- Read More KX4.PRO Trading System - [Price $3125] - Free
ForexCracked.comPrice-Action-Scalping.zip
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