The Profitable Scalping EA is an MT4 automated trading system tailored specifically for scalping on GBPCAD and GBPAUD pairs. This overview covers its core features, operating guidelines, and installation steps, providing a clear picture of what this scalping EA offers.
Key Features of the Profitable Scalping EA
- Compound Interest with Scalping: This EA uses a compound interest approach, employing scalping techniques to generate frequent, small gains that can grow profits over time.
- Dynamic Stop Loss (SL): To manage risk, the EA adjusts the SL in response to current market volatility, balancing protection and profit potential.
- Auto-Lot and Fixed Lot Options: Traders can select between auto-lot sizing, which adjusts based on preset risk levels, or fixed lot sizing to align with their strategy.
- Trade Entry Sensitivity Adjustment: This feature allows users to fine-tune the EA’s entry sensitivity to market fluctuations, making it adaptable to different market conditions.
- No Weekend Exposure: Positions are closed before the weekend, preventing exposure to potential price gaps that can occur when markets reopen.
- Operating Time Filter: The EA operates during a specific time window—between the end of the U.S. session and the middle of the Asia session—targeting favorable trading hours.
- BreakEven Functionality: The BreakEven feature moves the SL to the entry price once a certain profit threshold is reached, securing gains and minimizing potential losses.
- Recommended Currency Pairs: Optimized for GBPCAD and GBPAUD, the EA comes with preset files for each pair to enhance performance.
- Risk Management: The EA avoids high-risk strategies like martingale or grid trading. Each trade includes a defined SL, helping to protect the account from excessive drawdowns.
Recommended Settings for Profitable Scalping EA
Minimum Account Balance: $500
Currency Pairs: GBPCAD and GBPAUD (other pairs are not optimized for this EA)
Timeframe: M15 (15-minute intervals)
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Installation Guide
- Open GBPCAD and GBPAUD charts in your MT4 platform.
- Set the chart timeframe to M15 for both pairs.
- Attach the Profitable Scalping EA to each chart.
- Load the provided “.set” files specific to each currency pair.
