The Magical Scalper EA is a unique advanced grid system which has been successfully operating on real accounts for years. Unlike the vast majority of systems that are tailored to mirror past data, the Magical Scalper EA leverages existing market inefficiencies, making it a far cry from the typical ‘hit and miss’ system that merely survives by using a grid. Instead, it capitalizes on real market mechanics for profit.
Key Features of Magical Scalper EA
This Forex Robot is characterized by a range of features designed to make Forex trading easier and more profitable. These include:
One Chart Setup: With Magical Scalper EA, you only need one chart to trade all symbols.
Multiple Currency Pairs Support: The system supports trading on various currency pairs, offering flexibility to the trader.
Solid Backtest and Live Performance: The EA boasts a solid track record of backtest and live performance data, which attests to its reliability.
User-Friendly: The EA is designed to be very easy to use, which is a boon for traders of all experience levels.
Settings of Magical Scalper EA
The EA is adaptable to any pair and any timeframe. Although default values are set for GBPUSD, you can backtest by altering the values of Takeprofit, dblots, and multiplier for other pairs. It is important to note that a minimum deposit of $5000 is recommended (you can use cent/mini/micro account for low balance).
Potential Risks and Precautions
As with any financial advisor, it’s crucial to be cognizant of potential risks. Past test results cannot guarantee future outcomes. Therefore, it’s always recommended to test the EA thoroughly before full-scale implementation.
The EA is not sensitive to spread and slippage, but it’s recommended to use a good ECN broker. Moreover, to ensure flawless operation, the EA should run continuously on a VPS.
Independent Testing and Updates
For those interested in seeing the EA in action, independent testing of the Magical Scalper EA is available on the forexroboteasy.com website. The website also offers updates on the results of testing this product, which can be extremely useful for potential users.
FAQ
What is the minimum deposit for using the Magical Scalper EA?
The minimum deposit recommended for using the Magical Scalper EA is $5000. However, traders can use cent/mini/micro accounts for lower balances.
What broker is recommended for the Magical Scalper EA?
While the EA is not sensitive to spread and slippage, it is recommended to use a good ECN broker for optimal results.
Can the Magical Scalper EA be used for multiple currency pairs?
Yes, the Magical Scalper EA supports multiple currency pairs, offering traders increased flexibility.
Does the Magical Scalper EA need to run continuously?
Yes, for the best results, the EA should be run continuously on a VPS.
We invite traders to share their experiences using the Magical Scalper EA to help others make an informed decision. Remember, this is an independent review of the product. Your feedback can provide invaluable insights to potential users.
In conclusion, the Magical Scalper EA is an advanced Forex trading system that stands out due to its unique approach to exploiting market inefficiencies. Its robust features and solid performance record make it a significant player in the Forex trading arena.
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