- June 18, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex Price Action Scalping EA Review
Scalp trading is awesome.
Price action trading is awesome.
But when you combine both?
Well, then you can use price action to scalp 1, 5, and 15-minute charts with ease.
I won’t lie though, scalp trading is so fast-paced that it can become overwhelming. So you need to scalp the right way.
The Forex Price Action Scalping EA trades continuously, by default the Risk/Reward ratio = 4.
This is not a breakout, trades with the trend of market orders, and modify each position immediately after opening (to account for slippage).
No grids, there is always a take and stop.
The EA often stops but makes up for mistakes due to four times the take.
The test since the release of the EA (in November 2020) retains the nature and profitability of the test from 2010 – which kind of suggests that the EA is not just a customized craft.
The trading result falls into the tests quite well (see monitoring and tests below)
Currency pairs: GBPJPY
Trading time: 24/7
Best Brokers List
The Forex Price Action Scalping EA works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Forex Price Action Scalping EA Setting
EA Live Result
Forex Price Action Scalping EA Free Download
We highly recommend trying the EA for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.