AlgoScalpPro – Scalping Recovery EA FREE Download [Update] AlgoScalpPro – Scalping Recovery EA FREE Download [Update]
Scalping Recovery EA is a fully automated scalping EA that brings a new perspective to managing trades and minimizing losses. With its advanced loss recovery system, this EA stands out by being able to improve trading performance while adhering to risk management protocols.
The Scalping Recovery EA is a cutting-edge trading tool designed specifically for the Forex market. It adopts a unique method of opening trades through pending orders, ensuring that it operates with precision and strategic foresight. The expert advisor is characterized by its selective trading behavior, typically initiating one or two trades per week, which emphasizes its focus on quality over quantity.
Key Features of Scalp Recovery EA
- Selective Trading : It opens only one trade at a time, emphasizing careful selection and timing to maximize efficiency.
- Loss Recovery System : One of its outstanding features is its loss recovery mechanism. If a trade loss occurs, the Scalping Recovery EA activates its recovery function. This involves opening the next trade with double the lot size (adjustable) in an attempt to recover lost funds. It is important to note that this process is a one-time adjustment for each loss cycle to effectively manage risk.
- Risk Management : EA always uses stop loss to protect investments and ensure traders do not suffer irreparable losses.
- Comply with trading regulations : It is designed to comply with FIFO (First In, First Out) rules and is suitable for traders in jurisdictions with such regulations.
- No Risky Strategies : Scalping Recovery EA does not use Martingale, grid or hedging strategies. Its approach is straightforward and avoids complex mechanisms that may increase risk.
- News Filter: With this new update, EA also gets an advanced news filter that automatically monitors and avoids trading during high-impact news events. This ensures that the EA operates in a stable environment and minimizes the risk of sudden market fluctuations affecting your transactions.
Please test in a demo account for at least a week first. Also, please familiarize yourself with and understand how this scalping recovery bot works and then only use it on a real account.
AlgoScalpPro's suggestions
- Minimum account balance is 100$ .
- It works best on EURUSD . (Applies to any currency pair)
- It works on H1 . (works in any time frame)
- This AlgoScalpPro should work continuously on a VPS to achieve stable results. Therefore, we recommend running this MT4 EA download on a reliable VPS (Reliable and Trustworthy Forex VPS – FXVM)
- Low Spread , slippage and fast execution also recommend accounts ( find the best broker for you here )
![AlgoScalpPro – Scalping Recovery EA FREE Download [Update] AlgoScalpPro – Scalping Recovery EA FREE Download [Update]](http://eacpu.com/content/uploadfile/202605/fc_ac055a24a776bffa28876cc636922b23.png)
Open Tools–>Options–>EA Trading . Check the option " Allow web requests to listed URLs " Add the following: " https://ec.forexprostools.com " and press "OK". EA gets news from designated websites.
Input Parameters
- Magic Number : Acts as a unique transaction ID, allowing AlgoScalpPro to distinguish its transaction from other transactions.
- Show Info Panel : This supports displaying an information panel with real-time updates and important information directly on the trading chart.
- EA Comment : Allows users to add custom comments to trades for easier tracking and analysis.
- Risk/Batch Configuration : This setting allows flexibility in sizing trades. If "Lot Size" is greater than 0 and "Risk" is equal to 0, a fixed lot size is used. On the contrary, if "Lot Size" is equal to 0 and "Risk" is greater than 0, the lot size will be adjusted according to the maximum risk per trade.
- Take profit (in points) : Set the profit level required to automatically close the position.
- Stop Loss (in pips) : Specify the maximum amount of loss a trader is willing to accept, above which transactions will be closed to prevent further losses.
- Buy/Sell Pending Change (in pips) : Determines the spread at which a buy or sell order is placed, allowing for strategic order placement.
- Winter GMT Offset : Adjusts the EA to the server's winter time zone, ensuring the exact time of trade execution.
- EA Start/End Hour : Define the specific time when the EA will run, allowing traders to target specific market times.
- Friday start/end time : Special settings for Friday trading to adapt to different market conditions during the weekend.
- Minimum profit for trailing stop (in pips) : The minimum profit required to activate a trailing stop to ensure profits as the market moves.
- Trailing Stop and Stepping (in points) : Configure the trailing stop function, including its size and steps, to protect profits by dynamically adjusting stop loss levels.
- Recovery Mode (Switch) : Enables or disables drawdown recovery, a key feature for managing losses and trying to recover from adverse trades.
- Multiple start recovery (trailing) : Set the coefficient of trailing stop loss within the recovery function to optimize the strategy of exiting the transaction during recovery.
- Multi-lot in recovery mode : Determine the lot calculation coefficient in recovery mode and adjust the trade size in an effort to recover losses.
- Loss point to activate recovery : Specify the loss threshold that triggers recovery mode, initiating a strategic response to significant losses.
Updated on 2024/07/21
- Read More QUANTUM FX EA Free Download
Conclusion of Algo Scalp Pro
Algo Scalp Pro represents a significant advancement in Forex trading technology. It focuses on loss recovery and adheres to strict risk management, advanced news filtering and regulatory compliance to provide traders with a sophisticated and user-friendly tool. While no trading strategy is without risk, the Scalping Recovery EA provides a methodical approach to trading that can help traders confidently navigate the Forex market.
AlgoScalpPro-EA.zip
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