A free to download automatic MT5 Scalper EA is called RoyalPrince Scalper EA. In order to find the finest short-term trade chances in turbulent currency markets, the adviser is built to apply a scalping method. Rp4000 created and forwarded us this EA.
This EA is impressive since it makes money even on little deposits and trades with a small maximum drawdown. It does not employ risky trading strategies like the grid, martingale, etc., and all transactions are always covered by take profit and stop loss orders. It can trade using a set lot or an auto lot, which enlarges the transaction’s size automatically. It can go days without trading and only opens 2 to 5 trades a week. Additionally, this EA only opens up
The RoyalPrince Scalper EA successfully passed numerous stress tests conducted monthly with an exceptional profit/drawdown ratio after being backtested using many months of data. Because this EA’s maximum drawdown percentage is so low, it is possible to use it with only a little initial deposit.
Recommendations
- $100 is the minimum balance required.
- The EA’s default settings are for the H1 Timeframe and EURUSD Currency Pair.
- Any couple and timeframe are compatible.
- 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).