- January 12, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Free Forex Scalping Robot
The Free Forex Scalping Robot is a forex robot that utilizes a scalping breakout strategy to trade on the EU and US market open events. The robot assesses the strength of the signal before deciding to enter a trade, and it always uses a fixed risk and profit to minimize potential losses.
One key feature of the Breakout Scalper is that it works with low-spread and commission brokers. This is beneficial as it can help to keep the cost of trading low, allowing for greater profitability. Additionally, it uses real-time trading volume to make its trading decisions, which helps to ensure that the robot is making trades based on the most current market conditions.
Best Brokers List
The Free Forex Scalping Robot works with any broker and any type of account, but we recommend that our clients 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||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|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Another important aspect of the Breakout Scalper is that it does not use martingale, grid, or averaging techniques. Instead, each trade starts with a stop loss in place, which helps to mitigate potential losses. Additionally, the robot allows the user to set a risk percentage for taking profit and stopping loss, which helps to further manage risk.
The Free Forex Scalping Robot also includes an adjustable trailing stop that can help to secure profits and a time filter that can be used to limit trading to specific times of the day. These features can help to further increase the profitability of the robot.
The backtests that have been shown in the screenshots were done with the default settings, and they demonstrate the potential profitability of the robot. However, it’s important to note that the tests were done with a 5% risk per trade, which is considered high risk in the trading world, so it’s important to be aware of the risks involved when using this robot and also not solely rely on backtest results. It’s also important to conduct your own testing and research before using any trading robot and to always use a trading system that fits your risk tolerance and trading goals.
In conclusion, the Breakout Scalper appears to be an amazing forex robot, based on its performance in backtesting on the EUR/USD and USD/JPY currency pairs. The robot made 30k in 2 years with a maximum drawdown of 7% using 5% per trade on a small account of 3k. The H1 time frame seems to be the best time frame to use this Robot. Additionally, the robot’s scalping breakout strategy, low spread, and commission requirement, use of real-time trading volume, and risk management feature all make it a strong candidate for profitable trading. However, it’s important to remember that past performance does not guarantee future results and to always conduct your own testing and research before using any trading robot.
Download the Free Forex Scalping Robot
We highly recommend trying EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.