Forex Trading is a highly competitive field that requires both precision and a well-calibrated strategy. The Turbo Scalper MT5, a Forex robot designed to trade the EURUSD pair, is one such tool that embodies these qualities. It employs an algorithm that accurately opens orders based on the strength of the market and the formation of pivot points.
Operating Mechanism
This Forex Robot operates using four distinct strategies. It opens one order at a time based on indicator signals, ensuring there is no clutter or confusion in the trading process. The orders are then closed through three options: Take Profit, Trailing or Stop Loss. This allows for a flexible and dynamic trading experience.
Reducing Risks
The Turbo Scalper MT5 comes equipped with a news filter that uses the MQL5.com calendar. It does not require external resources as it takes news directly from the terminal. The news filter can be activated to close orders five minutes before a news event, thereby safeguarding against potential market volatility caused by news announcements. Additionally, the advisor has the functionality to set the Take Profit at the order opening price when a certain drawdown happens, further reducing risks.
Optimization and Broker Compatibility
Designed with the user in mind, the Turbo Scalper MT5 requires only minor optimization of input parameters for brokers other than Roboforex and IceMarkets. This Forex Robot has been optimized on 100% real ticks for the period of 2020-2023. It also avoids dangerous strategies such as martingale, grid, double lot, and averaging.
Trading Requirements
In order to operate effectively, this trading advisor has a set of requirements. It is best used on a TF 1H timeframe, although it can work independently of the timeframe. It requires a minimum deposit of $20 and is recommended for an auto lot size of <=0.5%. It operates best on an ECN account hedging with a low spread and zero stops.
FAQ
Can I test the news filter in the tester?
Yes, it is possible to test the news filter in the tester. Contact the advisor for the news file required for testing.
What should I do after purchasing the advisor?
It is advisable to contact the advisor for double-checking the settings suitable for your broker.
Where can I find independent testing of this product?
Independent testing of the Turbo Scalper MT5 can be found on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product.
We encourage users to share their experience with the Turbo Scalper MT5. Please note that this is an independent product review and is not affiliated with the manufacturer or seller of this product.
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