Delving into the realm of Forex trading, we introduce the Multi Scalping EA, an advanced multi-pair automated trading system. It is renowned for its security and consistent growth, thereby making it a reliable investment tool in the Forex market.
What Makes Multi Scalping EA Stand Out?
Multi Scalping EA boasts of a robust system that churns out over 1000 trades per year. This profitability factor, coupled with its proven statistics of a successful run, makes it a sought-after Forex software. It does not employ risky strategies such as grids or Martingale, ensuring each order has its own Stop Loss (SL) for added account protection.
The software is user-friendly and suitable for both Forex newcomers and professionals alike. It offers an automatic operation, requiring users only to install it on the MetaTrader4 (MT4) platform with an appropriate risk level (default 2.0%). The software then performs all the trading activities, requiring only a running PC or a Virtual Private Server (VPS).
Key Features of Multi Scalping EA
The EA comes with a precise operating time filter with one-minute accuracy and a built-in spread display. It uses the compound interest method and requires a minimum account balance of just $100 to start the robot. The system operates only on the M15 time frame and supports trading pairs such as AUDCAD, GBPCAD, EURCHF, EURCAD, GBPCHF, USDCHF, EURUSD, EURAUD, GBPAUD.
Once installed on the aforementioned pairs, users must change the magic number in the settings because every pair should have a distinct magic number for optimal performance.
Operating Time and Risk Management
The EA starts looking for entry signals during the second half of the US session till the middle of the Asia session. It accommodates any leverage in the 1:30 to 1:500 range. Risk management is adjustable, with a 1-3% risk per trade or a fixed lot.
Optimal Performance Recommendations
For the best performance of the EA, it is recommended to use MT4 where market watch equals GMT 2 (Standard time) and GMT 3 (Daylight Saving time). If the broker’s server has a different GMT time zone, it may be necessary to adjust the EA time settings.
Furthermore, it is crucial to choose an account with tight spreads (Raw spread or ECN) for optimal performance. Any expert advisor, including this one, needs at least three months to collect significant statistics to assess the system’s performance accurately.
Independent Testing and Updates
For those interested in observing independent testing of the Multi Scalping EA, it can be found on the forexroboteasy.com website. Subscriptions for updates on the testing results of this product are also available.
FAQs
1. Is Multi Scalping EA suitable for beginners? Yes, it is designed to be user-friendly and can be used by both professionals and newcomers.
2. What’s the minimum balance needed to run the robot? You only need a balance of $100 to operate the robot.
3. Can I manage the risk per trade? Yes, the EA allows for 1-3% risk management per trade, or you can set a fixed lot.
We invite readers who have used the Multi Scalping EA to share their experiences. Remember, this is an independent product review, and the intention is to provide an unbiased evaluation of the product.
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