AlgoScalpPro EA MT4

Introducing AlgoScalpPro for MT4, an advanced scalper Expert Advisor equipped with a sophisticated loss recovery system.

This powerful tool has undergone rigorous testing from 2010 to the present day, spanning various market conditions and periods. We’ve ensured that our testing covers relevant timeframes, as earlier periods were characterized by large spreads and extreme market volatility, rendering them less meaningful for accurate assessment.

Utilizing professional-grade software, AlgoScalpPro simulates real spreads, market delays, and slippage to provide results that closely mimic actual trading conditions. Our simulation includes realistic execution of transactions and stops, with market order delays ranging from 200-300 milliseconds and pending order delays of 100-150 milliseconds. This meticulous approach ensures that the outcomes derived from testing closely mirror real-world trading scenarios.

Key features of AlgoScalpPro include:

• Stop Loss Always Used: We prioritize risk management by always incorporating stop-loss orders into our trading strategy.
• No Martingale/Grid/Hedging: Unlike some other EAs, AlgoScalpPro does not employ risky strategies like Martingale, grid, or hedging. Instead, our recovery function utilizes a one-time lot size increase.
• Compliance with FIFO Rules: AlgoScalpPro adheres to FIFO (First In, First Out) rules, ensuring regulatory compliance.
• Recommended Pair and Timeframe: For optimal performance, we recommend trading the EURUSD pair on the H1 timeframe.

Risk management

This EA provides the following recommendations for maximum risk (in recovery mode) based on different leverage levels:

• 1:500 – Risk = 25
• 1:200 – Risk = 10
• 1:100 – Risk = 5
• 1:50 – Risk = 2.5
• 1:30 – Risk = 1.5

It’s important to note that when using the recovery mode, AlgoScalpPro utilizes a specific file for writing data. If you’re restarting the EA or switching accounts, ensure that you update the filename accordingly. Should you have any queries or require clarification on this matter, please feel free to reach out to us via private message.

For optimal performance, we recommend using AlgoScalpPro with an ECN/STP broker offering minimum stop-loss levels of 0-1 pip and spreads of 0-5 pips (5 digits), along with a VPS server for seamless operation. To enable the news filter functionality, simply add “https://ec.forexprostools.com” to the list of allowed URLs in your MT4 settings under Tools/Options/Expert Advisors/Allow WebRequest.

Conclusion

Experience the precision and reliability of AlgoScalpPro, now available on CheaperForex.com. Unlock the potential for consistent profits in the forex market with our cutting-edge scalping solution.