ForexPen – Download Free Forex EA, Indicators and More for Your Trading Needs


Fully automatic scalping Expert Advisor SCARLET EURUSD EA is available for free download. The monthly account growth for this EA is between 5% and 10%. The fact that this free forex EA is made to function in a variety of market circumstances is its strongest feature.

The fundamental plan is to buy on dips and sell back in the direction of the medium-term trend in an effort to make a profit. Combining various settlement circumstances will gradually increase profits while decreasing. Only one trade at a time and no more than two to five trades per week are opened.

It does not employ risky trading strategies like the martingale, grid, or high-frequency trading, and all transactions are always covered by take profit and stop loss orders. SCARLET Forex is made to safeguard gains while minimizing losses to the greatest extent possible.


  • For 0.01 lots per pair, a minimum balance of $100 is required.
  • The EURUSD pair works well. (Attain any pair.)
  • function best with M5 TimeFrames. (Application to Any Timeframe)
  • Copy all of the files, including the.dll file in the libraries folder. (Replace the existing.dll file with this EA new one if it already exists.)
  • 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).

No Minimum Deposit

ECN Acount

No Commission

Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500



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