GBPJPY Scalper EA is a specialized Forex trading robot, designed to operate on the GBPJPY currency pair. It leverages a robust scalping strategy, enhanced by a neural network with multiple settings and highly optimized parameters. This expert advisor (EA) is a full-time scalper, focusing on high-quality setups only.
Trading Strategy of GBPJPY Scalper EA
The GBPJPY Scalper EA deploys a unique approach to trading the GBPJPY pair. It places pending orders at specific times when the probability of the scalping strategy is at its peak. The EA uses a combination of linked numbers and settings to identify highly probable entry points, which are then carried forward as pending orders.
Itโs crucial to note that this EA operates exclusively on the M5 or 5-minute timeframe. Using it on any other timeframe could lead to sub-optimal performance as the EA has been intensely optimized for the 5-minute timeframe.
Performance and Safety
The GBPJPY Scalper EA has been fine-tuned to deliver reliable performance. It has undergone rigorous optimization on a real account using the MetaTrader 5 platform, ensuring the most realistic market results. The EA is specifically optimized for the GBPJPY pair, guaranteeing the best outcome.
Importantly, the EA doesnโt employ any hazardous strategies like Martingale or Grid, making it safe for use. However, itโs worth noting that the drawdown can reach up to 30-35% based on the settings used. This can be mitigated by reducing the lot size.
Automated Lot Size Adjustment
One of the user-friendly features of the GBPJPY Scalper EA is its ability to automatically adjust the lot size based on the account balance. This makes the EA easy to use, even for novice traders. Itโs recommended, however, to not set the MM_PositionSizing below 3000 to avoid high risk and to keep the drawdown low by using MM_PositionSizing above 5000.
Frequently Asked Questions
What is the recommended broker for using GBPJPY Scalper EA?
Itโs recommended to use brokers with the lowest spread and those that allow hedging. However, the choice of broker can vary based on individual preferences and requirements.
What timeframe does the GBPJPY Scalper EA work on?
The GBPJPY Scalper EA operates exclusively on the M5 or 5-minute timeframe. Using it on any other timeframe could lead to sub-optimal performance.
How does the EA manage drawdown?
The EA manages drawdown by adjusting the lot size based on the account balance. Reducing the lot size can help in managing the drawdown.
Independent testing of this product can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. We invite all readers to share their experience of using this product. This is an independent product review, written in the third person.
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