Market Scanner EA MT4 (Update 13/07/2024)- Free Download

The Power of Market Scanner EA in Forex Trading

In the dynamic realm of Forex trading, traders are constantly seeking innovative tools and strategies to optimize their trading performance and maximize profits. One such revolutionary tool that has been making waves in the Forex community is the Market Scanner EA. This cutting-edge robot boasts advanced trading algorithms and a built-in market scanner, promising to revolutionize the way traders approach the market. Let's delve deeper into the details of this remarkable product and explore its potential advantages and disadvantages.

Understanding Market Scanner EA

Market Scanner EA is an automated trading robot that utilizes sophisticated algorithms to analyze the Forex market and execute trades on behalf of the trader. Unlike traditional manual trading methods, this EA streamlines the trading process by leveraging advanced technologies to identify lucrative trading opportunities in real-time.

Technical Specifications

Version: 5.02
Year of issue: 2024
Working pairs: US30, DE40, GER40
Recommended timeframe:  M5
Minimum Deposit: $300 
Average of account:  1:30 to 1:1000

Best Brokers List

Market Scanner EA works 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	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Market Scanner EA Settings

Key Features of Market Scanner EA:

1. Advanced Trading Algorithms: Market Scanner EA incorporates state-of-the-art trading algorithms designed to identify profitable trading setups with precision and accuracy.
2. Built-in Market Scanner: One of the standout features of this EA is its built-in market scanner, which continuously scans the market for high-probability trading opportunities based on predefined criteria.
3. Risk Management: Unlike some other trading robots, Market Scanner prioritizes risk management, with a maximum drawdown of just 1%, ensuring capital preservation and long-term sustainability.
4. Versatile Currency Pair Compatibility: This EA is compatible with a wide range of currency pairs, including US30 and DE40, offering flexibility and diversification in trading strategies.
5. Multiple Technical Indicators: Market Scanner EA utilizes a range of technical indicators such as RSI, CMA, TREND, BBANDS, CHANNEL, and PARABOLIC to identify optimal entry and exit points.
6. Safe Trading Strategies: Market Scanner adopts safe trading strategies, avoiding risky techniques such as martingale, hedging, and grid trading.
7. Fixed Stop Loss: To mitigate risk, this EA employs a fixed stop-loss mechanism, ensuring that losses are kept within predefined limits.
8. Multiple Broker Compatibility: Market Scanner is compatible with a variety of brokers, including ICmarket, FPmarkets, Tickmill, Eightcap, Pepperston, Exness, Fxtm, Onda, Ftmo, allowing traders to choose the platform that best suits their needs.
9. Flexible Lot Size: Traders have the option to adjust lot sizes manually or opt for automatic lot sizing, providing flexibility to accommodate different risk preferences.
10. MT4 Trading Support: Market Scanner EA seamlessly integrates with the widely used MetaTrader 4 (MT4) platform, offering a familiar and user-friendly trading experience.
11. 24/5 Trading: With round-the-clock trading capabilities, Market Scanner ensures that traders never miss out on lucrative trading opportunities, operating 24 hours a day, five days a week.
12. Customizable Robot Name: To personalize the trading experience, traders have the option to customize the name of the robot according to their preferences.

Market Scanner EA Results

Advantages of Market Scanner EA:

1. Efficiency: Market Scanner streamlines the trading process, saving time and effort for traders.
2. Precision: The advanced algorithms of Market Scanner enable precise trade execution based on real-time market analysis.
3. Risk Management: With a maximum drawdown of just 1%, Market Scanner prioritizes capital preservation and risk management.
4. Versatility: Compatible with multiple currency pairs and brokers, Market Scanner offers versatility in trading strategies.
5. Accessibility: Market Scanner can be easily accessed and utilized by traders of all experience levels, from novice to seasoned professionals.

Disadvantages of Market Scanner EA:

1. Cost: While Market Scanner EA offers a range of features and benefits, it may come with a significant upfront cost for traders.
2. Dependence on Technology: As an automated trading tool, Market Scanner EA relies heavily on technology, and any technical glitches or malfunctions could potentially impact trading performance.
3. Market Volatility: Despite its advanced algorithms, Market Scanner may struggle to perform optimally during periods of extreme market volatility or unexpected events.

Conclusion

Market Scanner EA represents a groundbreaking innovation in the world of Forex trading, offering traders a powerful tool to enhance their trading performance and achieve their financial goals. With its advanced features, robust risk management protocols, and versatility, Market Scanner EA has the potential to revolutionize the way traders approach the Forex market. However, traders should carefully weigh the advantages and disadvantages before integrating this tool into their trading strategy, ensuring that it aligns with their individual trading objectives and risk tolerance levels.

Download Market Scanner EA

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.