Euro Scalper Pro – the best EA for long-term profit
Euro Scalper Pro EA is a very profitable short-term scalper with 8-10% monthly gains with a maximum drawdown of no more than 1%. And this is all against the background of the use of the order grid in combination with the averaging strategy and the Martingale method. The Expert Advisor is universal and can be installed on any currency pair at low Time Frames М1, М5.
Сharacteristics of the Euro Scalper Pro EA
Platform: Metatrader4
EA version: 1.0
Currency pairs: Any, recommended EURUSD
Trading Time: Around the clock (can be set in the settings)
Timeframe: Any, recommended M1, M5
Recommended broker: Roboforex, XM, Tickmill RAW account. Best results with ECN brokers offering tight spreads and minimal slippage or RAW account
Trading algorithm of the EA
Many sources say that the EA trades pending orders, but this is not entirely true and is regulated by the advisor’s settings. I don’t really like using pending orders here. In addition, preset files also offer trading without using them. And then the EA trades in the following way: it opens an order with the Take Profit specified in the settings. And if the price goes in the opposite direction, then the advisor opens another order of the same name with the step specified in the settings. Etc. If the specified order step does not compensate for the loss, the martingale method is activated and the advisor opens the next orders with an increased lot. It turns out, in a way, a grid of orders with one Take Profit, upon reaching which the total profit will be obtained, despite some losing trades:
euro-scalper-pro-trading-algorithm
Testing
Unfortunately EA does not support backtesting. But we can perform a preliminary live test on a demo account. This will give an understanding of the operation of the robot’s algorithm and help to correctly assess the possible risks. This will give an understanding of the operation of the robot’s algorithm and help to correctly assess the possible risks. You can check out this account below:
And here is a detailed report as of 15.10.2021 from the MT4:
Euro Scalper Pro – the best EA for long-term profit
Expert Advisor settings
Euro Scalper Pro has the following settings
As the trading practice of a large number of traders using Euro Scalper Pro EA in trading shows, this robot really shows good results. And, despite the use of the position averaging method, the robot is really profitable.
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