AMERICAN SCALPER EA – BINARYFOREXEA
Forex Mt4 Expert Advisor
American Scalper EA is a fully automated Expert Advisor for MT4, and it trades the EURUSD pair on the M15 chart. Moreover, it starts from a $100 balance on an ECN or zero spread account. Therefore, a small deposit is enough to put the robot to work around the clock.
American Scalper EA at a glance
PLATFORM: MT4
TF: M15
PAIRS: EURUSDMIN DEPOSIT: $100 IN ECN OR ZERO SPREAD ACCOUNT
LEVERAGE: 1:500
MAX SPREAD: 5
BROKER: ROBOFOREX ECN – OR ANY ECN-ZERO SPREAD ACCOUNT MAX SPREAD: 5
How the robot works on the M15 chart
Introducing the American EA, an expert advisor designed for the EURUSD currency pair on the MetaTrader4 platform. With a minimum account balance of 100, this EA is accessible to traders of all levels.
- American EA operates on the M15 timeframe and is optimized for accounts with a spread lower than 5 and leverage 1:500.
- It has a monthly performance rate of 114% with a maximum drawdown of 9%.
- American EA utilizes both buying and selling strategies and opens small lot sizes of 0.01, ensuring a healthy risk management approach with a 2% risk per trade.
- It has a lot multiplier that may open trades up to 0.02 lots, though it’s not the standard practice.
- To maximize profits, American EA has a visible take profit of 100 pips and an invisible real take profit of 80 pips.
- Additionally, it has a news filter that helps to avoid volatile market conditions during high-impact news events.
- American EA does not leave open trades !!!
American Scalper EA and your risk per trade
The robot risks 2% of the balance on each order, so the exposure stays small while the account grows. Furthermore, the visible take profit of 100 pips hides a real target of 80 pips, which the EA closes on its own. Because no position stays open at the end of the session, you never wake up to a surprise.
REAL ROBOFOREX ECN ACCOUNT
Account Ends with:
214.08 USD
Max DD 8.96%
Let’s see some trades of American Scalper EA
Overall, the American EA is a reliable and powerful trading tool designed to help traders make informed trading decisions. With its optimized settings, healthy risk management approach, and advanced trading strategies, the American EA is a valuable addition to any trader’s arsenal!
Configuration Panel
No preset configurations are necessary as it operates with default settings and it’s recommended that you do not make any changes to the configuration.
Simply open EURUSD pair and set the timeframe to M15 and place the EA.
MUST READ THIS:
- When it comes to scalping, a broker with low spreads is key. Ideally, you should look for a broker with a spread of 0 pips or under 5 pips. It’s important to check the spread of your broker before you begin trading. Do not use Standard or Accouns for this EA.
- If your broker has a high spread, the EA will not perform as expected, resulting in lower returns or, in cases of excessive spread, it may not open trades at all.
- Using a VPS is not mandatory, but if you choose not to use one, you will need to keep your computer running. If you decide to use a VPS, keep in mind that you will need to ask your broker for recommendations and assistance with installation, a VPS located close to your broker’s server will help to minimize latency. Note that we do not provide private VPS installation services.
Why an ECN account suits this robot
A scalper pays the spread on every single order, so the account type decides much of the outcome. On an electronic communication network account the quote comes straight from the liquidity providers. Consequently, the cost per trade stays close to the 5 pip limit that the robot accepts.
Installing American Scalper EA on MT4
First, open MetaTrader and click File > Open Data Folder. Then copy the robot into the Experts folder inside that data folder. Next, restart the platform or refresh the Navigator panel. After that, drag the Expert Advisor onto the M15 chart of EURUSD. Finally, switch AutoTrading on, and check that the smiley face appears in the corner of the chart.
PACKAGE INCLUDE:
EA: Expert, and Guides will be sent
Open an ECN or zero spread account with $100 and leverage 1:500, because the robot was built for that size. Trading involves risk, therefore only trade with money you can afford to lose. Past results do not guarantee future results. You trade at your own risk.
Do you want to compare the rest of our robots for MetaTrader? Then browse all our Expert Advisors.
