AlgoScalpPro EA MT4

AlgoScalpPro EA for MT4: The Ultimate Scalping Solution

Introduction

Introducing AlgoScalpPro for MT4, a cutting-edge Expert Advisor (EA) designed to bring precision and profitability to your forex trading endeavors. AlgoScalpPro is not just any trading robot; it is an advanced scalper EA equipped with a sophisticated loss recovery system. This powerful tool has undergone rigorous testing from 2010 to the present, ensuring it can handle various market conditions and periods with ease.

Detailed Description of the Product and Strategy

AlgoScalpPro EA is engineered to provide traders with a robust, reliable, and efficient trading solution. It utilizes professional-grade software to simulate real spreads, market delays, and slippage, ensuring that the backtested results closely mimic actual trading conditions. This meticulous approach includes realistic execution of transactions and stops, with market order delays ranging from 200-300 milliseconds and pending order delays of 100-150 milliseconds. The result is a trading experience that reflects true market dynamics.

How the Strategy Works

1. Stop Loss Always Used: AlgoScalpPro prioritizes risk management by incorporating stop-loss orders into every trade. This ensures that potential losses are controlled and predefined, protecting your investment.
2. No Martingale/Grid/Hedging: Unlike many other EAs, AlgoScalpPro does not employ risky strategies such as Martingale, grid, or hedging. Instead, it uses a one-time lot size increase as part of its recovery function, providing a safer approach to managing trades.
3. Compliance with FIFO Rules: The EA adheres to FIFO (First In, First Out) rules, ensuring it meets regulatory standards and provides a compliant trading experience.
4. Sophisticated Loss Recovery System: In the event of a loss, AlgoScalpPro employs a strategic recovery function. This involves a controlled increase in lot size, designed to recoup losses while maintaining risk management integrity.
5. Simulation of Real Trading Conditions: By simulating real spreads, market delays, and slippage, AlgoScalpPro offers results that are as close to real trading as possible. This ensures that the EA performs consistently in live trading scenarios.

Trading Specifications: Recommended Pair, Timeframe, and Minimum Balance

Recommended Pair: For optimal performance, AlgoScalpPro is best used with the EURUSD pair. This currency pair is chosen for its liquidity and lower volatility, which are ideal for scalping strategies.

Timeframe: The EA is optimized for the H1 (one-hour) timeframe. This timeframe strikes a balance between capturing sufficient trading opportunities and maintaining manageable market noise levels.

Minimum Balance: While the EA is designed to operate efficiently with various account sizes, a minimum balance of $500 is recommended to ensure sufficient margin and trading flexibility.

Key Features and Functionalities

1. Risk Management: AlgoScalpPro provides comprehensive risk management recommendations based on different leverage levels. For example:
   • Leverage 1:500 – Risk = 25
   • Leverage 1:200 – Risk = 10
   • Leverage 1:100 – Risk = 5
   • Leverage 1:50 – Risk = 2.5
   • Leverage 1:30 – Risk = 1.5
2. VPS and Broker Compatibility: For seamless operation, it is recommended to use AlgoScalpPro with an ECN/STP broker offering minimum stop-loss levels of 0-1 pip and spreads of 0-5 pips (5 digits). Additionally, using a VPS server ensures uninterrupted performance.
3. News Filter Functionality: To enable the news filter, simply add “https://ec.forexprostools.com” to the list of allowed URLs in your MT4 settings under Tools/Options/Expert Advisors/Allow WebRequest. This feature helps in avoiding trades during high-impact news events, reducing risk exposure.
4. Automated Timeframe Selection: When placed on your chosen pair, AlgoScalpPro automatically selects the correct timeframe, simplifying the setup process. Just ensure you change the magic number when adding it to multiple charts to manage trades correctly.
5. Customizable Risk Mode: Traders can select the risk mode and use autolot based on their balance amount. Alternatively, fixed lots can be used for more controlled trading.

Our Thoughts About It

At CheaperForex.com, we believe that AlgoScalpPro EA represents a significant advancement in automated trading technology. Its rigorous backtesting, realistic simulation of trading conditions, and sophisticated loss recovery system make it a standout choice for traders seeking reliability and efficiency. The EA’s adherence to strict risk management principles, coupled with its compliance with FIFO rules, ensures that traders can operate within a secure and regulated framework.

The flexibility in risk settings and the ability to customize trade management options further enhance its appeal. Whether you are a novice trader looking for an easy-to-use EA or an experienced trader seeking a reliable tool to enhance your strategy, AlgoScalpPro EA offers a comprehensive solution.

Conclusion

Experience the precision and reliability of AlgoScalpPro EA, now available on CheaperForex.com. This advanced scalping solution is designed to help you achieve consistent profits in the forex market. With its robust risk management features, realistic market simulation, and sophisticated loss recovery system, AlgoScalpPro stands out as a powerful tool for modern traders.

Unlock the potential of automated trading with AlgoScalpPro EA and transform your trading journey into a path of consistent success and profitability. Start today and experience the difference with AlgoScalpPro, your ultimate partner in the forex market.