- November 23, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Turbo Scalper Pro EA Review
In the ever-evolving landscape of forex trading, staying ahead of the curve is paramount. Turbo Scalper EA emerges as a game-changer, offering a fully automated trading robot designed on the foundation of meticulous forex trading strategies. This article delves into the intricacies of Turbo Scalper EA, exploring its features, settings, and the innovative approach it brings to the table.
Turbo Scalper Pro EA: A Closer Look
Overview
Turbo Scalper Pro EA is a cutting-edge automated trading solution crafted to streamline and optimize forex trading. What sets it apart is its reliance on proven strategies, ensuring a calculated and strategic approach to the dynamic forex market.
Version: 2.0
Best Brokers List
Turbo Scalper Pro EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Turbo Scalper Pro EA Settings
Key Features
1. Diversified Trading Strategies
Turbo Scalper Pro EA boasts strategies tailored for 10 currency pairs, including AUDUSD, NZDUSD, NZDCAD, AUDCAD, USDCAD, EURCAD, AUDCHF, AUDNZD, GBPUSD, and EURUSD. This diversity allows users to capitalize on various market conditions.
2. Robust Risk Management
All trades executed by Turbo Scalper EA are safeguarded by a stop loss. Notably, the EA employs a single stop-loss for all trades within a given cycle, limiting risk exposure. This is complemented by a safe lot size, offering users peace of mind.
3. User-Friendly Customization
Turbo Scalper EA provides users with flexibility in managing their trades. Users can opt for either a fixed lot or auto lot money management approach, depending on their preferences and risk tolerance.
Innovative Components
1. News Filter Integration
Turbo Scalper EA incorporates an optional news filter, allowing traders to align their strategies with market-moving events. This feature empowers users to make informed decisions and adapt to changing market dynamics.
2. Intelligent Time Frame Usage
To maximize efficiency, Turbo Scalper EA is designed to operate on M15 time frame charts. This timeframe optimization ensures that the EA leverages the most relevant market data for its trading decisions.
Configuration and Settings
1. Commented Settings
Turbo Scalper EA simplifies the configuration process by providing settings in the comment section. This transparency enhances user understanding and facilitates efficient customization.
2. Magic Numbers for Order Recognition
To avoid confusion and streamline order tracking, Turbo Scalper EA assigns a unique MagicNumber to each chart. This feature aids the EA in recognizing and managing its own orders effectively.
3. Money Management Options
Users can choose between two money management types: Fixed Lot and Auto Lot. In Fixed Lot mode, users specify a predetermined order size, while Auto Lot dynamically adjusts the lot size based on user-defined parameters.
4. Additional Settings
- Stop Loss: Determines the stop loss per point.
- Take Profit: Sets the take profit per point.
- Maximum Spread: Establishes the maximum allowed spread before executing an order.
- Trade Comment: Enables users to include a comment with each trade.
5. Dynamic Lot Size Adjustment
For users opting for Auto Lot money management, Turbo Scalper EA allows the dynamic increase of lot size based on user-defined parameters, providing adaptability to changing market conditions.
Turbo Scalper Pro EA Results
Conclusion
Turbo Scalper EA stands at the forefront of automated forex trading, combining proven strategies, risk management, and user-friendly customization. As traders navigate the complexities of the forex market, this innovative tool empowers them to execute trades with precision and confidence. Whether you are a seasoned trader or a newcomer, Turbo Scalper EA opens new possibilities in the world of forex trading.
Download Turbo Scalper Pro EA
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.