The Punisher Scalper EA is a fully automated expert advisor that leverages an advanced search and breakout mechanism for local extrema. This EA avoids high-risk strategies like martingale, grid, or HFT, focusing instead on precise, lower-risk trades. Each day, it typically executes 2-6 trades using pending orders and trailing stops to manage entries and exits. All trades are secured by a small stop loss and take profit, ensuring consistent risk control.
Key Features
- Customizable Lot Sizing: The EA allows for both fixed and automatic lot adjustments, scaling trade size according to account criteria.
- Low Drawdown: With a low drawdown percentage, the Punisher Scalper EA is suitable for smaller deposits.
What Are Local Extrema?
Local extrema are key points in price movement where values reach a local maximum (high point) or minimum (low point). These points can signal potential areas of support or resistance, useful for identifying ideal entry and exit points.
In forex, traders use local extrema as technical indicators to help determine resistance (local maximum) or support (local minimum). These points provide strategic insights, allowing traders to decide when to buy or sell a currency pair. However, for greater accuracy, it’s best to combine local extrema with other tools, like trend lines and indicators. 
Recommendations for Using Punisher Scalper EA
Minimum Balance: $100
Ideal Pairs: EURUSD, USDJPY, GBPUSD, XAUUSD. The developer recommends running all four pairs simultaneously for optimal results, although it can work with any currency pair.
Timeframe: Best results are achieved on the M30 timeframe, though the EA is adaptable to all timeframes.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
