Rollover Scalper EA MT5

Rollover Scalper EA MT5 is a Forex Expert Advisor that has been attracting attention in the Forex trading community. This automated trading tool offers a strategy that is safe, transparent, and based on live Forex signals. Let’s delve deeper into its functionalities, benefits, and drawbacks.

Key Features and Benefits

The Rollover Scalper EA MT5 presents a host of advantageous features for Forex traders. The software provides live signals on three different sets, LF, HF3, and MF, with the HF3 set shared on a Telegram channel. The transparency of its strategy is one of the key selling points of this Expert Advisor, as it allows users to inspect trades, logs, and documentation to ensure it isn’t merely reading historical data.

Moreover, the Rollover Scalper is known for its safety in trading. It steers clear of risky strategies such as Martingale or grid. It does not keep open trades for extended periods, usually no more than a few hours. Although it does have a grid feature, this is not employed in any set.

The software is highly customizable, with numerous parameters to tailor it to your trading style. It functions more as a strategy builder than a single strategy Expert Advisor. The user can select a set of parameters and develop a new strategy that fits their preferences.

Rollover Scalper EA is continuously evolving, with new strategies and features added every 1-2 months. It’s compatible with both MT4 and MT5 platforms, with the MT5 version allowing users to backtest it for free, even without purchasing it. This is possible with 100% quality and real ticks.

Drawbacks

While the Rollover Scalper EA offers numerous advantages, it does have some downsides. As a scalper, it requires a broker with a low spread and excellent execution time. ECN brokers, such as ICMarkets, are suggested. The software is also susceptible to slippage, which cannot be back-tested or limited with ECN brokers. Nonetheless, it has several filters to minimize negative slippage.

Unlike Martingale or grid EAs, the Rollover Scalper EA is not profitable every day, week, or month. However, it’s still considered more profitable overall. It also requires a small starting balance, with $100 sufficient for most sets and $60 for the MF2 set per 0.01 lot size.

Pre-purchase Considerations

For those considering purchasing the Rollover Scalper EA, it is recommended to backtest the software using one chart only, preferably GBPUSD or EURUSD, on the M5 timeframe. The sets included are set for GMT 3, the standard for Forex charts.

It’s also important to note that scalpers can experience losses. Potential buyers must be prepared to accept this possibility. However, the product’s strategy is based on fundamental principles of market operation rather than simple blind over-optimization. Even non-optimized sets of the Rollover Scalper are usually profitable, which makes it a potentially valuable addition to a trader’s arsenal.

Independent Testing

For those interested in seeing the Rollover Scalper EA in action before purchasing, independent testing of the product is available on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.

FAQ

Is the Rollover Scalper EA safe for trading?
Yes, the Rollover Scalper EA uses a safe Forex strategy that does not employ risky tactics like Martingale or grid.

Can I customize the Rollover Scalper EA?
Yes, the software has a lot of parameters, making it flexible and customizable to suit your trading style.

Does the Rollover Scalper EA provide live Forex signals?
Yes, the EA provides live signals on three different sets – LF, HF3, and MF.

Do you have experience with the Rollover Scalper EA MT5? Share your thoughts and experiences to help other traders make informed decisions.

This review is an independent analysis of the Rollover Scalper EA MT5, offering a neutral assessment of its features, benefits, and drawbacks.