The Free Scalping Forex MT4 Robot is an automated tool specifically designed to capitalize on market open events in the EU and US markets using a scalping breakout strategy. By assessing the strength of trading signals, it strategically determines entry points while maintaining a fixed risk-to-profit ratio to limit potential losses.
Key Features of Breakout Scalper EA
- Low Spread and Commission: The robot performs best with brokers that offer low spreads and commissions, which is essential for maximizing profitability.
- Real-Time Volume Analysis: The EA uses real-time trading volume to inform its trade decisions, making it responsive to the latest market conditions.
- Risk Control: Unlike robots that use martingale, grid, or averaging techniques, each trade here has a predetermined stop loss. Users can set specific risk percentages for both profits and losses to manage overall exposure effectively.
- Adjustable Trailing Stop and Time Filter: The robot includes a customizable trailing stop to lock in profits and a time filter to restrict trading to particular hours, optimizing both safety and profitability.
Backtesting and Performance
Backtesting screenshots show the Free Forex Scalping Robot’s potential profitability under default settings, achieving notable returns with a 5% risk per trade. While the results are promising, it’s essential to recognize that a 5% risk per trade is considered high in trading. Always be aware of the associated risks and avoid relying solely on backtest outcomes.
Important Considerations
Broker Requirements: Choose a broker with low spreads, minimal slippage, and efficient execution to fully benefit from this EA’s potential (Find a suitable broker here). 
Risk and Compatibility: Ensure that the robot aligns with your trading goals and risk tolerance. Conducting personal tests is crucial, as past performance doesn’t guarantee future success, and every trading system comes with risks.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Recommended Setup
Currency Pairs: EUR/USD and USD/JPY have shown excellent backtest results with this EA, demonstrating a strong potential for profitable trades.
Timeframe: H1 is the recommended timeframe, based on backtesting results.
Account Requirements: For optimal risk management, a reliable broker with low trading costs is highly recommended.
