Evergreen Scalper EA MT4 (15/12/2024) – Free Download

Introduction: The Secret of Longevity in Forex Trading

In the complex and often volatile world of forex trading, finding a reliable and sustainable tool can be challenging. The "Evergreen Scalper EA" aims to fill this gap, positioning itself as a durable and efficient Expert Advisor (EA) with consistent updates and a strong track record. While the market is flooded with EAs that fade away during drawdowns, the "Evergreen Scalper EA" offers a unique selling proposition: continuous support, even during periods of loss. In this review, we will delve deep into its features, strategies, advantages, and disadvantages to provide a comprehensive understanding of this forex trading tool.

Technical Specifications

Version: 4.2
Year of issue: 2024
Working pairs: Any
Recommended timeframe: H1
Minimum Deposit: $500
Average of account: 1:30 To 1:500

Best Brokers List

Evergreen Scalper 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

Evergreen Scalper EA Settings

What is Evergreen Scalper EA?

The "Evergreen Scalper EA" is an Expert Advisor designed for forex traders, known for its robust support system and longevity in the forex industry. Unlike many EAs that cease to receive support during drawdowns, this EA is consistently updated with new settings and strategies, keeping it relevant for long-term users. In fact, many traders have used this EA for over five years, a rare accomplishment in the industry.

Core Strategy

The "Evergreen Scalper EA" operates using two main sets of strategies:

1. Primary Sets: These are conservative strategies that focus on scalping during quiet times in the market, usually when there is less news or external volatility. The primary sets come with a built-in Stop Loss, ensuring that each trade is protected. This makes it suitable for traders looking for a stable, less risky trading approach without the use of grid or martingale methods.
2. Modified Sets: For traders who prefer a higher level of risk, modified sets are available. These strategies replace the Stop Loss with position averaging, integrating grid and martingale methods. However, these sets are based on the primary sets, meaning that over 95% of trades are successfully closed without the need for averaging positions. This hybrid approach offers stability with moderate risk for aggressive traders.

Supported Currency Pairs

The "Evergreen Scalper EA" supports a wide variety of currency pairs, including:

• USDCHF
• EURCHF
• CADCHF
• USDCAD
• EURUSD
• EURGBP
• EURAUD
• EURCAD
• GBPUSD
• GBPAUD
• GBPCAD
• NZDCAD
• NZDUSD
• AUDUSD
• AUDCAD
• AUDJPY
• CHFJPY
• USDJPY
• EURJPY
• USDSGD

This broad selection offers traders the flexibility to diversify their portfolios across multiple currency pairs, helping them manage risk more effectively.

Setup and Installation

Setting up the "Evergreen Scalper EA" is relatively straightforward, but it does require attention to detail. Below are the key steps:

1. Download and Folder Setup:
   • Download the latest archive of settings, separating them into "Without GridMartin" for primary sets and "With GridMartin" for modified sets.
2. Timeframe and Data:
   • The EA automatically takes necessary data from multiple timeframes, making it adaptable to various timeframes, though back-testing is recommended on the M1 timeframe.
3. News Filter:
   • To activate the news filter function, users need to enable "Allow WebRequest" and add the necessary news site URL in the terminal settings.
4. Expert Time Autotune and Lot Calculation:
   • Fine-tuning the expert time and trading lot calculation is crucial for optimization, and this is thoroughly documented in the EA’s official blog.

Evergreen Scalper EA Backtest

Key Advantages of "Evergreen Scalper EA"

1. Longevity and Consistent Updates: The EA’s longevity is one of its primary selling points. While most EAs become obsolete after a few years, the "Evergreen Scalper EA" continues to be updated during drawdowns. This ensures that the tool adapts to changing market conditions and remains effective.
2. Dual Strategies (Conservative and Aggressive): The EA offers both conservative and aggressive trading strategies, catering to a wide range of traders. Whether you are risk-averse or seeking high returns, this EA offers flexibility to suit your needs.
3. Wide Range of Currency Pairs: Supporting over 15 different currency pairs, the EA provides the opportunity for traders to diversify their trading activities and mitigate risk.
4. Stop Loss Protection: The primary sets feature Stop Loss, ensuring each trade is limited in potential loss, which is crucial for traders who want to manage risk.
5. News Filter Integration: By integrating a news filter, the EA avoids trading during volatile periods, reducing the risk of large, unexpected losses due to news events.
6. Responsive Developer Support: Users can directly reach out to the developer for help with setup, parameter adjustments, and optimizations, which is a rarity in the forex EA market.

Disadvantages of "Evergreen Scalper EA"

1. Risk in Modified Sets: While the modified sets offer a higher return potential, they also carry higher risk due to the use of martingale and grid methods. This can be dangerous for less experienced traders who may not fully understand these strategies.
2. Manual Setup Complexity: The setup process, while straightforward for experienced traders, might be overwhelming for beginners. Adjusting parameters, ensuring time synchronization, and activating the news filter require technical know-how.
3. Dependence on Continuous Updates: The longevity of the EA is based on continuous updates. Should the developer stop maintaining the tool, users may be left with an outdated product, leading to potential future losses.
4. Not a Guaranteed Profit Machine: Despite its name, the "Evergreen Scalper EA" is not a "money-printing machine." Users must understand that there will be periods of loss, and success requires careful risk management and consistent monitoring.

Conclusion: Is the "Evergreen Scalper EA" Worth It?

The "Evergreen Scalper EA" presents itself as a robust and sustainable tool in the forex trading world. Its dual strategies cater to both conservative and aggressive traders, and its consistent updates ensure it remains relevant even in a changing market. However, it’s not a get-rich-quick solution; it requires careful setup, a solid understanding of its strategies, and a willingness to accept both gains and losses.

Download Evergreen Scalper 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.