First Scalper MT4

First Scalper MT4, an Expert Advisor, is making waves in the Forex Trading sector. It is built on the concept of scalping, a unique strategy that has been tested and optimized to offer seamless trading experiences. Known for its simplicity and efficiency, it does not require any professional trading knowledge to operate.

Key Features of First Scalper MT4

This Forex software allows trading on all symbols and time frames, demonstrating its versatility. It provides a range of inputs and settings that are straightforward and user-friendly. Moreover, users have the liberty to choose the type of trade – long, short, or both. This software also includes a feature that allows users to stop trading, managing only the already opened positions. The maximum spread to open a position is also customizable, protecting you against unpredictable market fluctuations.

Managing Positions & Profit Mode

The First Scalper MT4 provides different strategies to deal with in-loss positions – you can either wait for the Take Profit (TP), apply Stop Loss, or use the One Step or Two Step Averaging. The Take Profit Mode can be Manual, where you decide when to close a profitable trade, or Automatic, where the software closes the trade once a certain level of profit is achieved. The software offers a ‘TakeProfit in Points’ feature and a ‘StopLoss in Points’ feature, which activate only if the Stop Loss option is selected.

Volume Settings & Trailing

With First Scalper MT4, users can determine their trading volume based on Fixed, Dynamic Lots, or Risk Percent. It allows you to set both the maximum and minimum volume per trade. The software also provides the Trailing Stop Loss feature, which adjusts the stop loss level as the market moves in your favor. There is also a Break Even feature that ensures no loss is incurred once the trade has reached a certain level of profit.

Day, Time, and News Filters

This Forex software comes with a unique feature that allows users to stop trading on specific days and hours. Additionally, it has a News Filter Input, which blocks trading during Low and Medium Impact News, providing a buffer before and after the news event. This helps to shield your trades from sudden market volatility caused by news events.

FAQ

What is the First Scalper MT4?

First Scalper MT4 is an Expert Advisor based on the scalping strategy. It’s a unique and user-friendly Forex software that allows trading on all symbols and all time frames.

Do I need professional trading knowledge to use this software?

No, the First Scalper MT4 is designed to be user-friendly and doesn’t require any professional trading knowledge to operate.

How does the software manage in-loss positions?

The software provides options like waiting for TP, applying Stop Loss, or using One Step or Two Step Averaging to manage in-loss positions.

For those interested in seeing the First Scalper MT4 in action, independent testing of this product is available on the forexroboteasy.com website, where users can also subscribe to updates on the testing results. We invite all users to share their experience with the First Scalper MT4, contributing to a more comprehensive understanding of this software’s performance in the currency market.

Remember, this is an independent product review, and the First Scalper MT4 is not associated with any person or entity related to this article. The goal here is to provide a neutral, unbiased review to assist potential users in understanding the product better.