Fantastic Scalper this is a scalper who uses a hidden TP and makes a profit of about 8 pips per transaction, EA that trades only one order and until it is closed a new order is not opened, also each transaction is protected by a SL. As you understand, the advisor does not use martingale or other dangerous trading methods and trades quite safely, can be used on a small deposit.
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Developer price | |
Terminal | MT4 |
Currency pair | EURUSD |
Timeframe | H1 |
Money management | At least 100 currency units |
Recommended brokers | IC Markets, ALPARI |
For advisor recommended to use VPS 24/5 | Zomro (most affordable Windows server only $ 2.75 per month) |
Backtesting:
Backtesting was carried out using a minimum deposit of $100, in the first case the default settings were used, the only thing that changed was the Autolots setting was set to “false”
In the second backtest we changed the trading time and the result was better, the set file with these settings is in the archive with the advisor, you can also use it.
Below you can see the backtesting results.
Settings:
Conclusion:
I think this advisor is worth testing and understanding how it works; in my opinion, it trades relatively safely, and has a simple set of settings that even a novice trader can understand. The advisor is designed for the EURUSD currency pair, but I think you can try to use it with other currency pairs, I also recommend experimenting with the settings, you may get better results than, for example, with the default settings, besides, you don’t need any special knowledge here, you only need to change setting stop loss by increasing or decreasing the value in pips, and you can also experiment with setting the time in which the advisor works, for example, after taking a quick look at backtesting, we noticed that the advisor receives a lot of losses at night, so we limited the trading time in the settings and got the result is better than the default; if you analyze the work of the advisor more accurately, you can choose an even better time for trading. Therefore, experiment, develop, work on your mistakes and at some point you will come to success and stable profit!!!
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!