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For the GBPJPY currency pair in particular, the Trend Scalper EA is a Forex expert advisor. Just like its name implies, it uses a scalping approach. This post explores the features, trading methods, and advantages of the Trend Scalper EA, highlighting the reasons it could be a useful tool for traders. The Trend Scalper EA limits the amount of concurrent open trades to a maximum of four in order to effectively manage risk. By limiting trading activity, this cap helps to prevent excessive exposure in the event of volatile market conditions by keeping it within a manageable risk threshold.
The Trend Scalper EA protects each trade it executes with a stop loss and take profit order. The following sequence is essential for risk management:
Take Profit (TP): After a price target is reached, traders can lock in profits with the EA, which sets a maximum TP of 30 pip.
Stop Loss (SL): On the other hand, 210 pip is the maximum SL, which acts as a safety net to reduce losses in the event that the market moves negatively.
The Trend Scalper EA is designed to steer clear of high-risk tactics that have the potential to dramatically raise risk, like grid systems and martingale. Sometimes, though, it uses hedging—holding buy and sell positions in the same currency pair at the same time—to reduce risk and guard against significant market fluctuations.
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Recommendations
- $100 is the minimum account balance for a 0.01 lot.
- It is specifically made to function with GBPJPY. (Work with any duo.)
- With M5 TimeFrames, it functions best. (Work in any amount of time)
- This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM).
- low spread ECN account is also advised (Find the Perfect Broker For You Here).
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
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