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A free to download Fibonacci EA is called Fibot EA, and it is entirely automated. There is a High Operating Frequency presented. The renowned Fibonacci levels serve as the foundation for its trading. By breaking through correctional level 38.2, the entrance is made. With hard SL and TP settings and only opening one trade, the robot may trade both with and without the martingale method.
Only once a significant amount of market activity has developed does the Fibonacci Forex EA open a buy or sell order. For effective management of your trading strategy, the robot contains more than 60 parameters.
Given that the EA often scalps 10-15 pip trades that last an hour or two, the Scalping Dong needs a VPS with a quick reaction time and a broker with a low spread, ideally nil. However, there are occasionally lengthy exchanges that linger for a day or two.
Since Ind Scalper occasionally uses the martingale (you may turn it off or change the input parameters), it can get a little hazardous at times. Your lot size and risk value will determine how much profit you can expect to generate each month.
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Recommendations
- A minimum amount of $1,000 ($1.00) in the H1 Time Frame or $300 ($3.30) in the H4 TimeFrame is required. (It even functions pretty well with 100 dollars.)
- Work on any currency pair, although EUR USD and GBP USD are the best.
- Work on any time frame, however H1 and H4 are preferable.
- This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM).
- low spread ECN account is also advised (Find the Perfect Broker For You Here).
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
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