RoyalPrince Scalper EA is a free automated scalping expert advisor for MT5, designed to identify optimal short-term trading opportunities in volatile currency markets. Developed by Rp4000, this EA stands out for its ability to generate profits even with small deposits while maintaining a low maximum drawdown.
This EA avoids risky trading strategies such as martingale and grid systems. All trades are safeguarded by stop-loss and take-profit settings. It operates with either fixed lot sizes or auto-lot functionality, which automatically adjusts trade sizes based on specific criteria. RoyalPrince Scalper typically executes only 2 to 5 trades per week and can go days without opening new positions. Importantly, it does not open more than one trade at a time.
Extensive backtesting with multiple months of data has shown that RoyalPrince Scalper EA successfully passes stress tests, maintaining an excellent profit-to-drawdown ratio. While it is not a high-speed profit generator—averaging around 4-8% monthly at default settings—it is highly consistent with a low drawdown. 
Recommendations for RoyalPrince MT5 Scalper EA:
Minimum account balance: $100
Default settings: Optimized for the EUR/USD currency pair and H1 timeframe.
Compatibility: Works on any currency pair and timeframe.
Recommend running this free forex EA on a VPS (Vultr)Low Spread ECN account is also recommended Icmarket and Exness
Account type: A low-spread account is highly recommended for the best results.
