Scalper Expert Advisor Hamster Scalper EA is available for free download. The Relative Strength Index (RSI) and a variety of Moving Averages, such as Simple, Exponential, and Linear Weighted, are used in conjunction with a strong price action strategy. The EA uses probabilistic analysis and sophisticated money management strategies to make trading in forex easier.
A progressive scalping approach is used by the Hamster Scalper EA. The trading robot uses a mix of proprietary indicators to determine the trend direction. Then it waits until the quotes have veered off this trend by a predetermined amount. After that, it completes a transaction to continue the trend.
By creating a virtual Stop Loss for each transaction, this trading robot gives your transactions an added layer of security. By using this technique, the trader’s account’s potential loss is greatly reduced.
Trading on trend pullbacks, which entails trading in the direction of the primary market movement, is the Hamaster Scalper EA’s area of expertise. Given its success in detecting potentially profitable trading opportunities, this strategy is frequently used in Forex trading.
It can trade using a set lot or an auto lot and automatically raise the transaction size in accordance with the given parameters. Because this EA’s maximum drawdown % is low, it is possible to use it with only a small initial investment.
Recommendations
- $100 is the minimum balance required.
- The EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, EURJPY, and EURGBP pair are the best to work on. (Attain any pair.)
- On all TimeFrames, operate similarly.
- 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).