Hamster Scalping is a fully automated Expert Advisor designed for forex traders who employ a night scalping strategy. This powerful software utilizes the RSI indicator and an ATR-based filter for entry signals. It is important to note that the advisor requires a hedging account type.
The Hamster Scalping MT5 has been developed to provide traders with a reliable and efficient tool for executing night scalping strategies in the forex market. With its advanced algorithm, the EA can identify profitable trading opportunities during the night session, ensuring that traders can capitalize on market movements while they sleep.
To ensure optimal performance, the Hamster Scalping MT5 has been designed to work with a minimum deposit of $100 and is best suited for use with an ECN account that offers the minimum spread. The default settings are recommended for trading the EUR/USD currency pair on the M5 timeframe with GMT 3.
The input parameters of the Hamster Scalping MT5 allow traders to customize the software according to their preferences. The product works on both 4 and 5-digit quotes, and values can be specified in points for 5 decimal places, which will automatically be recalculated for 4 decimal places.
One notable feature of the Hamster Scalping MT5 is the NewCycle option. When enabled, the EA will work non-stop, continuously opening new orders. If disabled, the EA will not open new orders after completing a series of trades.
Traders can also set the period, upper and lower levels, and ranges for the first and second indicators used by the EA. Additionally, the ATR period and its range can be adjusted to suit individual trading preferences. The EA also offers options for setting the initial lot size, autolot calculation, maximum lot size, virtual take profit, virtual stop loss, maximum number of opened orders, maximum spread, and trading hours.
To ensure traders are well-informed, the Hamster Scalping MT5 offers the option to display news on the chart. Traders can choose to enable or disable the display of news based on their preferences. The EA also provides a pause before and after high, medium, and low-impact news events to avoid trading during volatile market conditions.
In conclusion, the Hamster Scalping MT5 is a powerful forex software designed for night scalping strategies. Its advanced algorithm, combined with the RSI indicator and ATR-based filter, allows traders to identify profitable trading opportunities during the night session. With its customizable parameters and user-friendly interface, this EA offers a reliable tool for traders looking to automate their night scalping strategy.
FAQ:
Q: Can I use the Hamster Scalping MT5 with any forex broker?
A: Yes, the Hamster Scalping MT5 is compatible with any forex broker that offers the MT5 trading platform.
Q: Is the Hamster Scalping MT5 suitable for beginners?
A: While the Hamster Scalping MT5 offers advanced features and customization options, it can be used by traders of all experience levels. However, it is recommended that beginners familiarize themselves with the basic concepts of forex trading before using this software.
Q: Can I use the Hamster Scalping MT5 on multiple currency pairs?
A: Yes, the Hamster Scalping MT5 can be used on multiple currency pairs. However, it is important to optimize the settings for each specific currency pair to ensure optimal performance.
Q: Where can I find independent testing of the Hamster Scalping MT5?
A: You can watch independent testing of the Hamster Scalping MT5 on the forexroboteasy.com website. Additionally, you can subscribe to updates on the results of testing this product to stay informed about its performance.
We invite you to share your experience of using the Hamster Scalping MT5. Your feedback and insights can help other traders make informed decisions about this product.
Please note that this review is an independent assessment of the Hamster Scalping MT5 and is not affiliated with the product’s developer. The text has been written in the third person to maintain objectivity.
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