Profitable Scalping MT4 EA

A Scalping MT4 EA specifically created for trading on GBPCAD and GBPAUD pairs is this Profitable Scalping. An unbiased synopsis of the Scalping EA’s features, operating circumstances, and installation procedure is given in this article.

Key Features of the Scalping MT4 EA

• Compound Interest with Scalping Techniques: The Scalping MT4 EA uses a combination of scalping techniques and compound interest to aim for long-term profit maximization through frequent, small trades.
• Dynamic Stop Loss (SL): The system strikes a balance between profit potential and risk management by modifying the SL in response to the volatility of the current market.
• Users can choose between automatic lot sizing based on predetermined risk parameters and fixed lot sizing based on their trading strategy.
• Trade Entry Sensitivity Adjustment: The EA provides traders with the ability to fine-tune the system’s responsiveness to market movements through the use of an adjustable ‘Trade Entry Sensitivity’ parameter.
• No Weekend Gaps : By not holding positions over the weekend, the system eliminates the risks related to weekend gaps.
• Precise Operating Time Filter: The Profitable Scalping EA works during potentially profitable hours by executing trades within a precise time window, which runs from the end of the US trading session to the middle of the Asia session.
• BreakEven Functionality: When a predetermined profit threshold is met, the BreakEven feature moves the SL to the entry point, protecting profits.
• Suggested Currency Pairs: For this system, GBPCAD and GBPAUD are the most suggested pairs. For these pairs, corresponding setting files are supplied to maximize system performance.
• Risk management: The system avoids using high-risk trading techniques such as grid trading or martingale. Every trade has an SL, which guarantees the trading account’s security.

Recommendations

• $500 is the minimum account balance.
• Installation Manual
• On the trading platform, open the GBPCAD and GBPAUD charts.
• For both currency pairs, set the chart timeframe to M15 (15-minute intervals).
• Attach the Earning Scalping Expert Advisor to every chart.
• For every currency pair, load the relevant “.set” file.
• 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).