Forex ea EuroScalper + MQ4 source
Euro Scalper Pro EA is a profitable and fully automated FX Expert Advisor suitable for both beginners and professionals. This EA excels in long-term profitability and is a proven short-term scalping system with excellent results across thousands of trades.
The EA focuses on short-term intraday trading, placing pending orders at potential breakout levels. This FX robot boasts a very high win rate of over 95%, trading the EURUSD currency pair on the M1 timeframe. The Euro Scalper Pro also employs a martingale strategy.
Important Notes:
Backtesting will not work with this robot (using the source code, it can be retested)
This EA has different set files for 4-digit and 5-digit quotes
It typically executes 5-10 trades per day
The Euro Scalper Pro EA is specifically designed for the EUR/USD currency pair. It primarily uses a fast scalping strategy to profit from small short-term price fluctuations. The robot can open over 25 trades per day on the M5 timeframe, with the number increasing substantially on the M1 timeframe. During longer timeframes, the robot reduces trade frequency to adapt to slower market conditions.
When facing negative positions due to adverse price movements, the EA uses a martingale method. This strategy is risky as it involves increasing trade sizes after losses, hoping that future winning trades will recover previous losses. However, this approach can lead to substantial losses during prolonged negative market trends. Potential users need to understand this risk before using the robot for trading.
This EA typically achieves approximately 8%-10% monthly account growth. The best feature of this free forex EA is its design to work under most market conditions.
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