QuickFire Pro Scalping 1000, the QuickFire Pro EA by BINARYFOREXEA
A bigger account deserves a calmer robot. QuickFire Pro Scalping 1000 is the medium risk signal built for a standard account of $1000, and it trades EURUSD on MT4 with leverage 1:500. Moreover, it keeps a single position on the chart, so your balance never carries a pile of open orders.
What QuickFire Pro Scalping 1000 will not do
How is this possible?
We’ve thought about how many people want to trade but don’t dare to because of fear:
- QuickFire Scalper Pro EA does not employ any of these dangerous methods: Martingale, Hedging, Gridding, Averaging trading, or lot multiplier.
- QuickFire Scalper Pro EA only opens 1 trade at a time and never increases the size of the trade.
- QuickFire Scalper Pro EA will never use huge stop-loss to get a small take-profit.
So, we decided not to focus on having a high win rate, but just on how much money the robot generates per month. But without using any questionable practices or resources, just with the simple idea of having a much higher take-profit than stop-loss, so even with a low win rate, we can still get excellent profits without any surprises for the trader.
The plan behind the $1000 signal
Strategy:
- We used one of our indicators (scalping) on a high time frame (H1), but with an entry trigger based on a M5 time frame, and an early signal from a single period (M1). This allows us to use an H1 time frame, though not with H1 data. Consequently, we place a relatively small stop-loss and take-profit for this time frame, and both stay achievable. By having a much larger take-profit than stop-loss, we’ve managed to make sure that even if price hits the stop-loss several times, the final outcome is always in our favor (and by a wide margin).
Our EA acts like a patient trader, it sticks to its plan and doesn’t make any changes. It never opens additional trades, increases the size of trades, or hedges.
Specification of the robot
- PLATFORM:MT4.
- PAIR: EURUSD
- TF: H1: The EA will use a 5-minute time frame as an entry trigger. However, you must have the 1-hour time frame shown on the chart.
- MIN DEPOSIT: $1000 IN STANDARD ACCOUNT ONLY (NO CENT ACCOUNT) / You should purchase the signal that corresponds with the amount you want to deposit into your trading account
- EA TYPE: SCALPER
- LEVERAGE: 1:500
- SPREAD MAX: 2
- HOURS: AROUND THE CLOCK
- IMPORTANT: YOU NEED A BROKER WITH REAL LOW SPREAD, less than 2, (SCALPING) or ECN but in this particular EA, accounts with 0 spread (those that charge a commission per trade) are not recommended. (Roboforex-XM)
Why capital management beats a high win rate
Trading involves more than just indicators that tell us when to buy or sell. It’s a complex process influenced by three key factors: emotional, strategy, and capital management.
The emotional factor in trading refers to the influence of emotions such as fear and greed on the trader’s decision-making process. Fear can cause the trader to miss opportunities or close positions too early. Greed, in contrast, can lead to impulsive or overly optimistic decisions.
The strategy involves using the right indicators and knowing how to use them. Traders must be disciplined and patient, sticking to the strategy even during periods of market volatility.
But the most important factor is having a capital management strategy that prioritizes making money over winning trades.
Even with a 90% success rate, you can still lose money if you do not set your take profit (TP) and stop loss (SL) levels appropriately.
Your licence and the four account limit
The signals will be a one-time payment with a limit of up to 4 simultaneous accounts per each signal. If you use one on more than 4 accounts, we block that account, and you must buy the signal again without exception. Similarly, the EA stops working if you ask for a refund or cancel the payment.
The configuration you receive
So, let’s start with the EA. This is what you will see in the EA configuration:
In the EA configuration (input tab), you will only see the server and signal type, but you will not have the ability to make any changes. The EA generates the signal automatically as a “buy-sell signal” in expert mode, and you will not be able to modify its settings.
Each signal type will have a different server, and you cannot change it after purchase. Therefore, please check carefully before purchasing if the signal type suits your chosen capital and risk.
QuickFire Pro Scalping 1000 and the cost of the spread
Important Considerations for this EA:
The broker and account type are key factors. We will demonstrate examples of the same signal in different brokers and account types. This EA tolerates a maximum spread of 2 pips. You can choose any broker that consistently offers less than 2 pips on the EURUSD pair.
Remember that a $1000 balance at 1:500 controls a large notional value. For that reason, read what leverage really means before you open the account. Then choose the broker whose quotes stay cheap during your own session.
Broker examples side by side
In these three examples, it’s evident that the performance of one of the brokers is significantly better compared to the other two. However, not all brokers can consistently provide less than 2 pips. This is why both Roboforex and XM are popular choices.
The QuickFire Pro Scalping 1000 medium risk signal
With this in mind, let’s look at more signals for $1000 accounts:
$1000 MEDIUM RISK SIGNAL:
Installing QuickFire Pro Scalping 1000 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 H1 chart of EURUSD. Finally, switch AutoTrading on, and check that the smiley face appears in the corner of the chart.
Points to check first
Remember:
- If your broker has a high spread (more than 2), the EA will not perform as expected, resulting in lower returns or losses.
- 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.
Fund a standard account with $1000, because we built this signal 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.
Would you like to compare the rest of our robots for MetaTrader? Then browse all our Expert Advisors.
