Scalp R

Forex trading is an ever-evolving field with new strategies and tools constantly surfacing. One such tool that has recently caught the attention of traders worldwide is Scalp R. This expert advisor (EA), unlike many others, rejects the use of martingale or grid strategies, opting instead for a more contained, risk-averse approach to Forex trading.

Scalp R: A Different Trading Philosophy

Scalp R implements an innovative approach to Forex trading by only initiating trades with active orders and using a stop loss for every individual trade. It is designed to work on all timeframes, but it is particularly optimized for the 15-minute timeframe. The EA is not picky about account balances or currency pairs, suggesting a high level of flexibility. It is recommended to have at least 1000 EUR or 1500 USD in your account for optimal results but remember, the more you invest, the higher the potential returns.

Intelligent Use of Indicators

Scalp R utilizes signals from the Moving Average (MA) indicator to make informed trades. It specifically looks at the relationship between the price, a slow, and a fast-moving average. The settings for both the slow and fast MAs can be adjusted by the user, providing a level of customization often missing in other EAs.

Order Management and Duration

The EA also incorporates a unique pending order function, which limits the duration of opened pending orders to a certain number of candles/periods. This duration is adjustable by the user, allowing for a more personalized trading experience.

Scalp R Features

The Scalp R is packed with features that make it an attractive option for Forex traders. One of these is the ability to set your own level of risk. By default, it is set to 2% of the account equity, but this can be adjusted according to your individual risk tolerance.

Another notable feature is the dynamic lot sizing. The lot size can change based on market volatility and your risk, or you can choose to manually set it. It also allows you to fine-tune your stop loss and take profit levels, either by multiples of the Average True Range (ATR) indicator or manual point setting.

To enhance your money management, Scalp R incorporates the use of ATR, affecting the stop loss, take profit, and lot sizing. This feature can also be turned off if preferred.

For more in-depth information about Scalp R’s operation parameters, users are encouraged to refer to the product manual.

Independent Testing and Updates

For those interested in seeing the Scalp R in action, independent testing of the product can be watched on the forexroboteasy.com website. Here, users can also subscribe to updates on the results of testing this product, providing a transparent and reliable source of information.

Scalp R: An Independent Review

This review aims to provide an unbiased look at the Scalp R, detailing its features and operation without any vested interest. The views expressed here are entirely independent, and the reader is invited to share their own experiences with this product for a more comprehensive understanding of its performance.

Frequently Asked Questions

Q: What time frame does Scalp R work best on?

A: While Scalp R is designed to work on all timeframes, it is specifically optimized for the 15-minute timeframe.

Q: Can I adjust the risk level in Scalp R?

A: Yes, Scalp R allows you to set your own level of risk. By default, it is set to 2% of the account equity, but this can be adjusted to suit your individual risk tolerance.

Q: Does Scalp R use the martingale strategy?

A: No, Scalp R does not use the martingale or grid strategies. It only initiates trades with active orders and uses a stop loss for every individual trade.

Forex trading is a complex and risky business, but with the right tools and strategies, it can also be highly rewarding. Scalp R appears to be a promising addition to any trader’s toolbox, offering a unique approach to Forex trading. However, as with all trading tools, it is recommended to thoroughly understand its operation and potential risks before use.