This fully automated Forex robot is a multi-currency scalping robot, available for free download. It avoids high-risk trading methods like grid and martingale, focusing instead on a straightforward scalping strategy for consistent gains and lower risk.
Key Features
- Advanced Entry Logic: The EA uses three custom indicators to identify accurate entry and exit points. It’s optimized with real tick data from leading brokers dating back to 2015, enhancing its training on genuine market behavior.
- Easy Setup: With a plug-and-play configuration, the robot includes built-in logic that eliminates the need for complex settings. Auto GMT and DST detection further simplify operations across any time zone, and a streamlined single-chart interface allows advanced visual analysis for all trade configurations.
- Multi-Pair Trading: Simply load it on one EURUSD or GBPUSD chart, and it will handle all pairs specified in the input parameters. The EA operates between 15 and 21 GMT to capture prime trading hours.
Risk Management
Safety is a priority with this robot, as it employs real and hidden virtual stop-loss levels for each trade, along with limit orders and take-profit measures to secure trades at optimal prices and minimize slippage. The robot also avoids toxic money management strategies like grid, martingale, curve fitting, and artificially high win rates, which often lead to capital loss.
Recommendations
Minimum Account Balance: $100 (for smoother lot adjustments, $300-$500 is recommended).
Single-Chart Setup: Load on one pair only (preferably EURUSD or GBPUSD) to trade all pairs in the input parameters.
Optimal Timeframe: Works best on H1.
Backtesting: Note that MT4 can only backtest single pairs; multi-currency results aren’t available in backtests.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Download: https://drive.google.com/file/d/1Tt1YbEGvocXiMK9v-rXHz3g5U6chv5On/view?usp=sharing