- January 19, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Wolf Scalper EA Review
The Wolf Scalper EA is a fully automated expert advisor that utilizes an advanced search and breakdown mechanism for identifying local extrema in the market. In addition to this, the EA also uses the Relative Strength Index (RSI) as a key indicator in its trading strategy.
One of the key features of this EA is that it does not use any risky strategies such as the Grid or Martingale. Instead, it focuses on using a safe and effective approach to trading. The EA trades on four different currency pairs simultaneously: EURUSD, USDJPY, GBPUSD, and XAUUSD on an M30 timeframe. It also uses a leverage of 1:500 and has a starting balance of $100.
Best Brokers List
The Wolf Scalper EA Proworks 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||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|
All trades executed by the Wolf Scalper EA are protected by StopLoss to minimize the risk of losing capital. The EA has been thoroughly tested over a 10-year period from 2009 to 2021 on real tick data with real floating spread, commission, and slippages. The results of this testing have shown an impressive gain of +998,340% from a starting balance of $100 to $966,483.57. This impressive performance highlights the effectiveness of the EA’s strategy and approach to trading.
Wolf Scalper EA Results
the Wolf Scalper EA has demonstrated excellent results both in backtesting and live trading. The EA has a low drawdown of about 11% and has shown particularly strong performance on the USDJPY 30M timeframe. The EA’s advanced search and breakdown mechanism for identifying local extrema, in combination with the use of the RSI indicator, allows it to make well-informed trades and achieve consistent gains. The EA’s use of safe and effective strategies, such as StopLoss, and the avoidance of risky strategies like Grid and Martingale, also helps to minimize risk and maximize returns. Overall, the Wolf Scalper EA offers an excellent option for traders looking to automate their trading and achieve consistent gains in the forex market.
Wolf Scalper EA MT4 Free Download
We highly recommend trying Wolf Scalper EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.