Luxor Scalping Robot

The automatic Scalping Robot Luxor Scalping Robot MT4 trades using a few indicators. Although it is referred to as a scalping EA, as it mostly employs the grid method, it is really more of a grid EA.

Because it uses the grid approach, this EA occasionally becomes a bit hazardous. This strategy gives this EA an extremely high ROI (Return on Investment) with a potential to lose the initial investment. The creators claim that this automatic trading system is capable of miracles. Your lot size and risk value will determine how much profit you can expect to generate each month.

Blowing your account is a risk if you use this approach for a prolonged period of time. The probability theory, however, works in our favor when investments are periodically withdrawn. The risky Grid approach immediately achieves break-even and turns lucrative after the initial investment is lost.

Recommendations

• A minimum account balance of $100 for the safe approach or $50 for the risky technique is required.
• Risky Method: After doubling your deposit, you can withdraw the money using a $50 account. This approach is hazardous because it has the potential to blow an account and double 50$ accounts in a week or less. However, if you can disable the EA and stop all trades during erratic market conditions or breaking news, you can largely prevent this.
• Safe Method – For the safe Method, you may also utilize a $100 account or an equal standard account.
• Work on any currency pair, but particularly on EURUSD, GBPUSD, and AUDUSD.
• M5 and M15 TimeFrames are the best for this. (Assemble any TimeFrame)
• You might have to monitor the news for volatile markets and close trades.
• 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).