- February 5, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Evening Scalper Pro Review
Evening Scalper Pro? If you are looking for an advanced and aggressive EA robot for forex trading, look no further than “Evening Scalper Pro”. This robot is designed to work on the M5 charts of the MT4 platform and has been designed to take advantage of all the best features that the platform has to offer. With its proprietary smart entry system, lot maximizing feature, and drawdown recovery algorithm, it provides traders with an all-in-one solution that is specifically designed to help them achieve their trading goals.
“Evening Scalper Pro” is built to work on any currency pair, however, the following pairs are recommended for maximum performance: EURUSD, GBPUSD, USDJPY, USDCHF & AUDUSD. It is also compatible with any forex broker, whether they offer standard or raw spread/ECN accounts. The recommended minimum deposit is $500 on a 500:1 leverage, although if you are using lower leverage, you may need to increase the minimum deposit. Cent accounts can also be used.
Best Brokers List
The Evening Scalper Pro with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2007||Sydney, Australia||1:1000||$200||ASIC, SCB, FSA|
|Register||2010||Melbourne, Australia||1:500||$200||FCA , ASIC, DFSA|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2011||London, England||1:500||$25||regulated by CySEC|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Evening Scalper Pro Settings
1. Lot Size => Here you can set the lot size.
0.01 lot size for each $1000 deposit per pair (Conservative mode – recommended).
0.01 lot size for each $500 deposit per pair (Standard mode)
0.02 lot size for each $500 of the deposit per pair (Aggressive mode)E.g. If you have only $500, then you can use only one pair (EURUSD recommended) with a 0.01 lot.
2. Lot Maximizer => You may integrate a mild lot maximizing method to improve the efficiency of the averaging system. You can set this as 1 to stop lot maximizing.
3. Take Profit => You can set the TP in pips here. TP is virtual and the EA may adjust the TP as necessary considering the averaging system.
4. Virtual Stop Loss => You can set the SL in pips here. Stop loss is virtual and the EA will sometimes use an averaging system to optimize the entry price.
5. Maximum concurrent trades => You can set the maximum simultaneous trades.
6. Use an equity-based stop loss => You can enable or disable equity-based stop loss.
7. Max allowed equity loss % => This is the max allowed equity loss for the account.
8. – 9. Trading start/end time => Here you can set EA start and stop time.
10. Allow trading on Friday => Enable or disable Friday trading.
11. Friday trading stop time => You can set a different EA stop time for Friday.
12. Filter to volatile markets => You can enable or disable the volatile market filter.
13. Enable emergency exits => You can enable or disable emergency exits.
14. Enable excessive spread filter => You can filter high spread times if you enable this.
When it comes to lot sizing, “Evening Scalper Pro” offers three different modes for traders to choose from conservative, standard, and aggressive. The recommended lot size for each mode is 0.01 lot size for each $1000 deposit per pair (conservative mode), 0.01 lot size for each $500 deposit per pair (standard mode), and 0.01 lot size for each $250 deposit per pair (aggressive mode).
While “Evening Scalper Pro” is capable of back-testing, it is important to note that the results may not be accurate without special preparations. This is because some of the logic used in the robot may not work properly in back-testing, particularly in the presence of news events. Therefore, forward testing is recommended, either through a demo account or a live account.
In conclusion,”Evening Scalper Pro” is the perfect solution for aggressive traders who are looking to take their forex trading to the next level. With its advanced features, compatibility with any broker and currency pair, and multiple lot sizing options, it is a comprehensive solution that is sure to meet the needs of even the most demanding traders. The current version of “Evening Scalper Pro” is 9.5.
We recommend that you withdraw the profit whenever balance reaches 25% return on capital invested at least until you fully recover your initial deposit.
Evening Scalper Pro Free Download
We highly recommend trying the Evening Scalper Pro with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.