In the ever-evolving world of Forex trading, the Deriv Scalper has emerged as a unique and effective tool. This Expert Advisor (EA) is designed based on the RSI strategy, and it is notable for its low drawdown. Its unique operational approach has stirred interest among traders looking for reliable Forex strategies.
Operational Logic of Deriv Scalper
The Deriv Scalper operates on a simple yet effective logic. It has a maximum grid level of 3, and when a trade goes into drawdown, the subsequent trade is doubled. This strategy gives the EA a distinctive edge in managing trades and mitigating potential losses.
Interestingly, the Deriv Scalper does not use stop-loss or take-profit, which means backtesting will yield the same results as real-time trading. This adds a layer of transparency and predictability to its operations, providing confidence to traders.
Trade Execution and Closure
The Deriv Scalper executes trades on both BOOM 500 and CRASH 500 indices. It only closes trades when a spike appears, thus maximizing the potential for profit. This unique approach to trade closure differentiates it from many other Forex EAs in the market.
Installation and Operation
Installing and operating the Deriv Scalper is straightforward. It is designed to run on a VPS continuously, ensuring seamless trading operations. The EA should be attached to either the BOOM 500 Index or the Crash 500 Index, on the M15 timeframe. The recommended lot size is 0.20 per $100 of balance.
One of the key advantages of the Deriv Scalper is that it requires minimal input from the user. Other than adjusting the ‘starting_lots’, no other parameters need to be adjusted, as the EA is already optimized for best performance.
Settings of Deriv Scalper
For the BOOM 500, the settings are as follows: LOTS=0.2, SL=0, TP=5000, RSI=12.7, BUY_=32, SELL=68, BB_P=1.619, BB=27, SAFE_ZONE_=9.8. These settings have been fine-tuned for optimal trading performance.
Independent Testing and Updates
For those interested in the performance of the Deriv Scalper, independent testing of this product is available on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product, providing them with valuable insights and keeping them informed about its performance.
FAQ
What is the Deriv Scalper?
The Deriv Scalper is a Forex EA based on the RSI strategy, notable for its low drawdown and unique operational approach.
How does the Deriv Scalper operate?
The Deriv Scalper doubles the subsequent trade when a trade goes into drawdown. It does not use stop-loss or take-profit, ensuring backtesting results are the same as real-time trading.
How can I install and operate the Deriv Scalper?
The Deriv Scalper is designed to run on a VPS continuously. It should be attached to either the BOOM 500 Index or the Crash 500 Index, on the M15 timeframe. Other than adjusting the ‘starting_lots’, no other parameters need to be adjusted.
We invite you to share your experience using the Deriv Scalper. Your feedback can provide valuable insights to other traders considering this Forex EA. Remember, this is an independent product review, and your unbiased opinion can greatly benefit the Forex trading community.
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