When it comes to Forex trading software, the Royal Lutos Scalper stands out as a fast and efficient tool. In the dynamic world of currency trading, this software is designed to be a reliable ally, offering a streamlined approach to Forex scalping.
A Closer Look at Royal Lutos Scalper’s Operation
Operating on M5 and M15 timeframes, the Royal Lutos Scalper operates in a classical scalping mode. It’s designed to function during specific hours, specifically from 16:00 to 23:00. Interestingly, the software doesn’t open trades during rollover times, between 0:00 and 1:00, avoiding periods of low liquidity.
Unlike some Forex trading tools, Royal Lutos Scalper doesn’t rely on market indicators. Instead, it follows trend lines and candle pattern volumes. This strategy makes it a fast scalper, capable of swiftly navigating the volatile Forex market.
Trading Range and Currency Pairs
One of the notable features of the Royal Lutos Scalper is its compatibility with a broad range of currency pairs. It works effectively with pairs such as GBP/USD, NZD/CAD, NZD/CHF, AUD/CAD, AUD/CHF, CAD/CHF, EUR/CAD, GBP/AUD, GBP/CAD, GBP/CHF, AUD/NZD, EUR/AUD, EUR/CHF, EUR/NZD, GBP/JPY, NZD/JPY, and NZD/USD among others.
This broad trading range makes it a flexible tool for traders seeking to diversify their portfolio. It’s designed to work with ECN accounts across all brokers.
Trading Parameters and Installation
The Royal Lutos Scalper requires a minimum deposit of $100. All trades executed by the software have a stop loss (SL) and take profit (TP) parameters. It operates on a ‘one trade win or loss per pair’ basis, avoiding risky strategies such as Grid, HFT, or Martingale.
Installation of the software is fairly straightforward. Traders need to open one chart for each pair they wish to trade on, either M5 or M15 timeframes. The software comes with a backtest feature with 99.90% data, allowing traders to test its effectiveness before committing to trades.
Independent Testing and Updates
For traders seeking independent testing of the Royal Lutos Scalper, forexroboteasy.com provides an unbiased platform. Users can also subscribe for updates on the results of this product’s testing, ensuring they stay informed about its performance and improvements.
Sharing Experiences
Users of Royal Lutos Scalper are encouraged to share their experiences with the software. Such feedback not only helps other traders evaluate its efficiency but also contributes to the tool’s continuous improvement.
FAQs
Q: What is the working time of the Royal Lutos Scalper? A: The software operates between 16:00 and 23:00.
Q: Does the software open trades during rollover times? A: No, the tool avoids opening trades during rollover times, typically between 0:00 and 1:00.
Q: What is the minimum deposit required to use the Royal Lutos Scalper? A: The software requires a minimum deposit of $100.
Q: Where can I find independent testing results for the Royal Lutos Scalper? A: Independent testing results can be found on forexroboteasy.com.
In conclusion, the Royal Lutos Scalper serves as a reliable and efficient trading tool in the Forex market. With its unique approach to market analysis, wide currency pair compatibility, and focus on risk management, it stands as a noteworthy option for traders seeking efficient Forex strategies.
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