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AlgoScalpPro MT5 is a sophisticated trading software that uses a scalping strategy to execute trades in the Forex market. Unlike many other trading tools, this software comes with an in-built loss recovery system that helps mitigate the risks associated with trading. Its advanced features and robust performance make it a reliable tool for traders looking to maximize their profits while minimizing potential losses.
Key Features of AlgoScalpPro MT5
AlgoScalpPro MT5 is designed to comply with FIFO rules and does not employ risky strategies like Martingale, grid, or hedging. Instead, it uses a recovery function that increases the lot size only once, thereby reducing the risk of substantial losses. This unique feature distinguishes it from other trading software in the market.
Furthermore, this software has been rigorously tested from 2010 to the present day under various market conditions. The results closely mirror real trading scenarios, thus instilling confidence in its potential users about its performance and reliability.
Recommended Trading Conditions
AlgoScalpPro MT5 works best with the EURUSD pair on the H1 timeframe. It is also recommended to use an ECN/STP broker with a minimum stop loss level of 0-1 pips and a spread of 0-5 pips. Additionally, traders should have a history of at least 500 bars to ensure effective testing of the software.
The software allows users to customize various parameters to suit their trading style and risk tolerance. These parameters include lot size, take-profit, stop-loss, and maximum spread. Users can also set up buy and sell pending shifts, control the server’s winter time zone, and specify the start and end hours of trading. Moreover, the software includes a drawdown recovery function that can be turned on or off as per the trader’s preference.
Loss Recovery System
One of the standout features of AlgoScalpPro MT5 is its loss recovery system. This system activates when a certain loss point is reached, and it calculates the lot size for recovery using a specific coefficient. This feature can help traders recover from losses more effectively and maintain a healthy account balance.
What is the recommended broker for using AlgoScalpPro MT5?
An ECN/STP broker with a minimum stop loss level of 0-1 pips and a spread of 0-5 pips is recommended for using AlgoScalpPro MT5.
What is the recommended pair and timeframe for AlgoScalpPro MT5?
The recommended pair for AlgoScalpPro MT5 is EURUSD, and the recommended timeframe is H1.
Does AlgoScalpPro MT5 use risky strategies like Martingale, grid, or hedging?
No, AlgoScalpPro MT5 does not use risky strategies like Martingale, grid, or hedging. It uses a recovery function that increases the lot size only once.
Independent testing of AlgoScalpPro MT5 can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. We invite users to share their experiences with this product to help others make an informed decision.
This is an independent product review. The views expressed are entirely those of the author and do not represent the views of the product’s creators or distributors.
The software is excellent, to say the least. It's been a game-changer for my forex trading activities. The level of precision and efficiency it offers is simply unmatched. I've been able to make more profitable trades and minimize losses significantly since I started using it. The software is easy to use and offers a wide range of features that make trading a breeze.What's more, the support from the author has been nothing short of excellent. They've been there every step of the way, providing timely and helpful responses to all my queries and concerns. It's clear that they are committed to ensuring that users of the software have the best experience possible.In conclusion, I can confidently say that purchasing AlgoScalpPro MT5 was one of the best decisions I've made in my forex trading journey. It's a high-quality product that delivers on its promises. I would highly recommend it to anyone looking to take their trading to the next level.