Ice Cube Scalper is a trading advisor designed for the MT5 platform. It is a day scalper that executes a large number of trades daily, aiming to capture several points with each transaction. The EA’s strategy revolves around trading with the trend using the RSI indicator. It also incorporates averaging with a multiplier lot, which is an important aspect to understand before using the EA. However, the strategy has shown promising results in both backtesting and live trading.
To ensure risk management, the Expert Advisor allows users to limit the maximum number of orders for averaging and control equity risk. It also offers the option to subscribe to a free signal, providing users with an opportunity to understand the advisor’s workings and potential. It is recommended to test the EA’s performance in the strategy tester before making a purchase.
For users seeking additional support, the developer encourages reaching out for assistance with the settings after purchase. Furthermore, valuable bonuses in the form of other advisors are provided to all buyers. Online monitoring of the advisor’s performance is also available for those interested.
Input parameters for Ice Cube Scalper include lot multiplier, starting lot, step between averaging orders, smart mode for changing the step between orders, maximum number of simultaneously open orders, use of timeout, trade timeout time, Friday trading hours, forced close order on Friday after 23:59, and a setting to stop trading.
Recommendations for using Ice Cube Scalper include starting with a lot size of 0.01 for every 1,000 signs of the deposit. If the account balance is less than 1,000, using the cent account type is suggested. It is also advised to withdraw earned profits from the account regularly until the initially invested funds are fully withdrawn. When combining with other Expert Advisors, allocating at least 1,000 for every 0.01 of the starting lot is recommended. The EA performs best on the hour H1 timeframe with a trading leverage of 1:500.
In conclusion, Ice Cube Scalper for MT5 is a professional Forex trading advisor that focuses on day scalping with a trend-following strategy. It has demonstrated success in both backtesting and live trading and offers various risk management features. Users are encouraged to test the EA in the strategy tester and can seek assistance from the developer after purchase. Independent testing of the product can be found on the forexroboteasy.com website, and readers are invited to share their experiences with using Ice Cube Scalper.
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