The fully automated MT4 Bot Fantastic Scalper EA operates using a strategy of breaking through price levels. This post explores the main features, practical applications, and advantages of utilizing this Bot while providing insights into how it might change trading results.
The fundamental technique of Fantastic Scalper EA is a direct analysis of price chart movements rather than the use of conventional indicators. The foundation of this strategy is the detection and exploitation of price level breakouts. It uses a sophisticated input filter to identify entry points by examining the price chart’s movement. This approach makes sure that every trade is based on the current market dynamics and strives for accuracy and effectiveness.
This MT4 Bot is exceptional in that it is dedicated to reducing risk. To further reduce risk, the EA only opens one trade at a time and is constantly safeguarded by a tight stop loss. This method preserves the trader’s deposit and gives assurance regarding the strategy’s capacity to fend off market turbulence. Moreover, a dynamic, stepwise algorithm that adjusts to shifting market conditions maximizes profits while carrying out profit-taking.
Additionally, Fantastic Scalper EA was created with a strong distaste for high-risk trading methods. It doesn’t use a grid of orders, martingale, hedging, or hft. The trading strategy is long-term sustainable because of this methodical approach to risk management, which even permits trading with a small deposit as low as $100.
This MT4 Bot’s user-friendliness was prioritized during design, and even individuals with limited trading experience can easily comprehend and modify its straightforward input parameters. It is recommended that users experiment with the settings to customize the system to their own requirements and possibly improve trading results.
Recommendations
- $100 is the minimum account balance.
- The EURUSD is the target market for EA. Work with any pair of currencies.
- It is exclusive to H1.
- This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM).
- low spread ECN account is also advised (Find the Perfect Broker For You Here).