Punisher Scalper EA

Punisher Scalper EA is a fully automated expert advisor that searches and breaks down local extrema using cutting-edge technology. Risky tactics like martingale, grid, HFT, etc. are not used. 2–6 transactions are carried out by Punisher EA each day. It trades and closes deals using pending orders and trailing stops. A tiny stop loss and take profit are always used to protect every transaction.

It can trade using a fixed lot or an auto lot that automatically increases the amount of the transaction based on the set criteria. Punisher Scalper EA’s low maximum drawdown % enables use of this advisor with only a minimal initial investment.

What are Local Extrema?

A point on a function known as a local extremum is the location where the function’s highest value (local maximum) or lowest value (local minimum) are found. Because the derivative of the function equals zero at these points, these locations are also referred to as “critical points” or “stationary points.” A local extremum only applies to the area around the point and not necessarily to the entire function domain, which is a crucial point to remember.

How it used in Forex Trading

Local extrema can be used as a technical analysis tool in forex trading to pinpoint probable support or resistance levels. A local maximum may represent a level of resistance, whilst a local minimum may represent a level of support. These levels can be used by traders to choose when to enter or exit a trade.

For instance, a trader may decide to sell a currency pair at a local maximum they spot on a price chart and interpret it as a potential resistance level. Similar to this, a trader may decide to buy a currency pair if they see a local minimum and interpret it as a potential support level.

The use of local extrema as a sole trading technique is unreliable, it is crucial to mention. To make a more informed choice, it is always advised to combine it with other technical analysis tools like trend lines, chart patterns, and indicators.

Recommendations

• $100 is the minimum balance required.
• Work well on the following currency pairs: EURUSD, USDJPY, GBPUSD, and XAUUSD. The developer advises running on all four pairs at once. (Attain any pair.)
• M30 TimeFrame Works Best. (Attend to all deadlines)
• 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).