The EURUSD Forex Scalping Robot is a fully automated trading tool designed for both beginners and experienced traders, optimized for consistent, long-term profits. Built around a proven short-term scalping system, this EA has demonstrated outstanding performance over thousands of trades, particularly with the EURUSD currency pair.
How EURUSD Forex Scalping Robot Operates
The EA is focused on intraday trading, placing pending orders at key breakout levels to capture short-term price movements. Known for its high win rate, often exceeding 95%, the robot is specifically tailored for the 1-minute timeframe on the EURUSD pair, though it can also operate on other timeframes. To manage losses, it incorporates a martingale strategy, increasing trade sizes after losses in hopes of recovering them with subsequent trades—a strategy that, while effective in certain conditions, can also be high-risk.
Important Notes on Usage and Backtesting
- Backtesting: The EA cannot be backtested traditionally, though backtesting is possible with access to the source code.
- Digit Compatibility: The EA has distinct set files for 4-digit and 5-digit quotes.
- Trading Frequency: It typically executes 5-10 trades per day on the 1-minute timeframe, adjusting trade frequency based on market conditions.
This EA can deliver monthly account growth rates of approximately 8%-10% and is designed to adapt well to various market conditions, making it a versatile choice for scalpers looking to trade EURUSD.
Recommendations for EURUSD Forex Scalping Robot
Minimum Account Balance: $100 for cent accounts (or $500 for standard accounts).
Preferred Currency Pair: EURUSD (though it can work with other pairs).
Optimal Timeframes: M1 and M5 (adaptable to any timeframe).
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness