EU Scalp

Forex market analysis is a complex task that requires a deep understanding of the global economy, financial markets, and sophisticated trading strategies. In this context, an innovative tool, EU Scalp Forex Software, has emerged, designed to optimize trading using a price breakout strategy. This Forex software review will delve into its features, strategy combination, and optimized settings.

Two-Pronged Strategy

The EU Scalp Forex Software is built on two distinct strategies. The first strategy operates against the direction of the price movement, while the second one works in favor of it. Theoretically, this combination enables the software to capitalize on the probability of price breakouts or swings at significant trade levels.

Optimized Settings

The default settings of the software are optimized for the EurUsd pair M5 Timeframe. However, the expert can be easily optimized using just the “Open Price” mode. This is because the opening and closing of trades take place only on new candle open. This feature can be modified by setting the “Trade On New Candle” parameter to “false”.

Flexible Lot Size

The lot size in EU Scalp Forex Software can be fixed (manual) or auto, calculated based on the size of the account balance. If auto-lot size is used, the lot size is not lowered if the “Keep Higher Lot” parameter is set to “true”. Profit and loss factor are calculated in accordance with the lot size.

Built-In Safety Features

One of the key highlights of this software is its built-in safety feature. It is designed to activate if the drawdown gets larger than a certain percent (input by user-preset to 50%) of the account balance. If one of the strategies starts opening orders, the other one waits until all orders are closed.

Parameters for Other Pairs

EU Scalp is made up of two strategies, but using the same parameters. One is set up to trade with the trend and the other against the trend. If Auto Lot is set to true, then the first “Lots” parameter is disregarded. If Auto Lot is set to “false”, then “Lots” is used for both strategies.

FAQs

How is the lot size calculated?

If “Risk S1” (risk set 1) is set to 20 and you have a 1000 $ account, then the computed lot size will be 0.20 lots. The same calculation is applied to strategy 2, if “Risk S2” = 10, on a 1000 $ account, the lot size will be 0.1 lots. It is displayed on the chart as a comment so that you know the size of the next lot size.

What are the settings for the first strategy?

The settings for the first strategy can be used or not used by setting “Use Set 1” to true or false. By setting “Trade Long” or “Trade Short” parameters to true or false, you can enable or disable longs or shorts on the first strategy.

How does the software display sell or buy levels?

The software displays the red and blue lines as sell or buy levels of the two strategies. Trades are executed only if the candle closes above or below them. If the price just touches the line and returns quickly, the trade is canceled. Sell OffSet and BuyOffSet places the lines above or below the trade level calculated by the “Level” parameter.

For independent testing of this product, users can visit the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. We invite readers to share their experience of using this product. Please note that this is an independent product review.