The financial technology world has been abuzz with the advent of First Scalper MT5, an Expert Advisor that simplifies the process of Forex trading. This product is built on the principle of Forex scalping, a trading strategy that involves buying and selling currency pairs with the aim of making quick profits from small price changes.
Scalper MT5: The Automated Trading Game Changer
First Scalper MT5 is designed for both beginners and experienced traders due to its simplicity and efficiency. Its automated trading system requires no professional information or Forex trading knowledge, making it accessible to all. The software can operate on all symbols and time frames, thanks to a unique and special strategy developed by its creator.
Key Features of First Scalper MT5
The First Scalper MT5 is teeming with features that optimize trading in the Forex market. It offers a variety of trading options, including long, short, or both. The software also has a ‘Stop Trading’ feature, which, when enabled, only manages already opened positions. This feature is particularly useful for traders who want to limit their trading activities.
The software also has a maximum spread limit to open a position, thereby protecting the trader from overtrading during extreme market volatility. The spread to stop trading is one of the many inputs and settings that have been optimized in the software to ensure smooth trading operations.
Position Management and Volume Settings
First Scalper MT5 offers an array of position management options, including actions for in-Loss positions. These include waiting for Take Profit (TP), Stop Loss, One Step Averaging, and Two Step Averaging. Traders can also manually or automatically set the TP in points.
Further, the software offers dynamic volume calculation methods. Traders can choose between Fixed Lots, Dynamic Lots, or Risk Percentage based on Balance/Equity/Free Margin. It also allows the trader to set the maximum and minimum volume per trade.
Trailing and Break Even Features
The software incorporates Trailing and Break Even features. The Trailing Stop Loss option enables traders to protect profits by allowing a position to remain open as long as the price is moving in a favorable direction, but closes the position if the price changes direction by a specified amount. The Break Even feature, on the other hand, allows traders to automatically move their stop loss to their entry point when their trade profits reach a certain level.
Day and Time Filters, News Filter Inputs
First Scalper MT5 allows traders to customize their trading activities further by enabling them to set specific days and hours for trading. This feature is particularly useful for traders who prefer to trade during particular market sessions.
The software also includes news filter inputs, which block trading during low and medium impact news. Traders can set the minutes before and after such news for the block to be effective.
Frequently Asked Questions
Can I Watch Independent Testing of First Scalper MT5?
Yes, you can watch independent testing of First Scalper MT5 on the forexroboteasy.com website. It is also possible to subscribe to updates on the testing results of this product.
Can I Share My Experience of Using This Product?
Absolutely! Sharing experiences helps other traders to get a real-life perspective of the product. Feel free to share your experience.
Is This an Independent Product Review?
Yes, this is an independent product review. The aim is to provide an unbiased perspective of the First Scalper MT5.
In conclusion, First Scalper MT5 is a simplified Forex trading software that offers a unique strategy and a plethora of features to optimize trading. With its user-friendly interface and automated trading system, it caters to both beginners and experienced Forex traders.
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