Hamster Scalper EA is a free-to-download scalping expert advisor designed to enhance your Forex trading experience. It utilizes a robust price action strategy, integrating the Relative Strength Index (RSI) along with various Moving Averages, including Simple, Exponential, and Linear Weighted. This EA also employs advanced money management techniques and probabilistic analysis to streamline trading processes.
How Hamster Scalper EA Works
Operating on a progressive scalping strategy, the Hamster Scalper EA identifies the trend direction through a combination of proprietary indicators. It waits for the quotes to deviate from this trend by a specific distance before executing a trade, aiming for trend continuation.
To enhance the security of your trades, the EA sets a virtual Stop Loss for each transaction. This practice significantly reduces the risk of substantial losses on the trader’s account. 
Hamster Scalper EA specializes in trading on trend pullbacks, focusing on trading in the direction of the main market movement. This method is particularly effective in the Forex market, as it helps identify potentially profitable trading opportunities.
The EA can operate with a fixed lot size or utilize an auto lot feature, allowing for automatic adjustments based on specified criteria. Additionally, it maintains a low maximum drawdown percentage, making it suitable for trading with smaller deposits.
Versions of Hamster Scalper EA
There are three versions of Hamster Scalper EA, each designed to avoid high-risk trading methods such as martingale or grid strategies. Every trade is secured with a small virtual Stop Loss, creating a safer trading environment.
Version Three: This version employs a fundamentally different mechanism compared to the first two. While each version has its advantages, the first and second versions are often considered the most effective.
Versions One and Two: These versions operate similarly, opening trades in much the same manner.
Recommendations for Using Hamster Scalper EA
Minimum Account Balance: $100
Optimal Currency Pairs: Works best with EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, EURJPY, and EURGBP (effective on any pair).
Timeframe Compatibility: Functions well on all timeframes.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Broker Preference: A low spread, minimal slippage, and quick execution account are advantageous for this EA.
