SCALPER CASH MAKER EA 

The Forex Scalping EA runs on the free MetaTrader 4 trading platform, it analyses the forex market to find entry and exit points for scalping trades. Step by step instructions are include

Forex Scalping EA Back Tests...

Back testing results of the Forex Scalping EA from 2000 to 2022 in the mt4 strategy tester. Click a chart for the full back test trading statement. 

What is Forex Scalping?

Forex Scalping is a forex trading strategy implementing quick trades from small market movements. Scalping trades can last just a few minutes. Instead of waiting hours, days or even weeks for trades, forex scalping can give plenty of quick fire trading opportunities. It can take years of training and scalping experience to be able to scalp the forex market successfully. 

What is the Forex Scalping EA Strategy? 

The Forex Scalping EA strategy uses reversal trades for scalping. A broker with tight spreads and fast execution can be advantageous for any scalping strategy. 

You can set the robot parameters according to your preferences and maintain full control over your own trading. 

How do I use the Forex Scalping EA?

You can download the Forex Scalping EA and install it on the free MetaTrader 4 trading platform. 

Step by step setup instructions are included and full support available 24/7.

It is always a good idea to start on a demo account before to familiarize yourself with the robot and risks involved with trading. 

The old adage “let profits run, cut losses short” isn’t particularly relevant to scalping, at least as regards letting profits run. The scalper takes advantage of the market’s micro-oscillations, which have a set duration in time, from a few seconds to a few minutes, which is why it bears slim profits.

People who use this technique settle for small, yet fast, profits, continuously opening new positions on the market, trying to exploit its many oscillations, and cutting losses to a minimum.

To take advantage of the continuous price variations, scalpers must dedicate several hours of activity to graphs, keeping a steady and constant focus and carrying out many operations. It isn’t rare to see scalpers performing even more than 100 operations in just a day’s trading.

How does the Scalper Trader earn?

Scalping to produce real profits, traders must focus on two things:

1. Finding many trading opportunities throughout the day;
2. Having a high percentage of trades closed with profits.

Other categories of professional traders, generally speaking, aim at having a good risk/returns ratio (from 1:2 up), which allows them to sustain even smaller percentages of success, even below 50%, still generating profits. However, this isn’t the case for scalpers. Taking profits after such short times, the risk/returns value tends to be quite low, which forces scalpers to keep an extremely high percentage of winning trades to constantly generate profits.

This activity isn’t for anyone. Besides having solid technology assets (such as PC, monitors, etc.) and a fast, stable connection, scalping requires extremely high self-discipline and concentration.

Furthermore, obviously, it is necessary to work with a good scalping forex broker, preferably one from the list.

How much money does scalping require?

In addition to the high psychological capital, scalping normally requires a certain amount of financial resources. Having to profit from small market investments (a few pips or points at a time), to have noteworthy profits, the investment volume must be kept high.

Therefore, scalpers must have an appropriately funded account, or else work on a high financial leverage, which however does notably increase risks.

The best financial assets for scalping

High liquidity assets are among the preferred scalping markets.

Highly capitalized and traded assets are favored, such as indexes, forex trades, and other assets which tend to have a good volume over the trading day.

The forex broker features for scalping

It is necessary to find a broker presenting the following basic features to best suit scalping:

• Availability of extremely low spread on forex
• Availability of high liquidity assets (high capitalized assets, index, and exchange rates);
• Possibility to analyze markets with several indicators, possibly customizable;
• “Market depth” visibility;
• Direct market visibility such as the one offered by ECN and STP brokers, not an “artificial” version of it (dealing desk);
• Exclusive intermediation activity, possibly directly on the market;
• Swift order execution;
• A high leverage forex broker;
• Bare-boned brokerage fees;
• Easy trading platforms, fast and intuitive.

Given the peculiarities of scalping, not all forex brokers encourage it. Some even forbid it.