bhushansky
Well-Known Member
Apex Scalper is a Forex expert who uses a scalping strategy to quickly enter and exit the market. First released on July 13, 2017, the robot is now up to version 2.5, and the latest update is November 6, 2018. The supplier has repeatedly updated the software, which is a positive feature of the service and portends good results. future adviser.
The robot is owned and operated by Cutting Edge Forex LLC, located in the United States, and managed by Joseph Smith. This Forex product maker is also the creator of Legend, Sentry and Ascent II, a collection of automated trading systems sold in the MQL5 market. None of these products is considered the most popular in this market, but the supplier demonstrates the necessary level of skills necessary to develop the right trading strategies. To contact support, traders can send a message to Joseph through his profile in MQL5.
In terms of strategy, Apex Scalper uses a “unique algorithm that detects emerging demand and supply areas as they develop, and then enters the forex market position at these levels. “This algorithm works in conjunction with the price action to determine possible inputs to the deal. The provider also notes that the software does not use any grid, arbitrage, hedging or martingale strategies, as they prefer low-risk scalping. This methodology is the one we regularly subscribe to with the best Forex robots available.
View attachment 2358049
trailing stop and partial closing of positions if necessary.
Your robot is designed for an hour time period, and only 3 pairs, GBPUSD, EURUSD and USDJPY.
parameters
Although it is clear that there is a solid trading strategy and framework for trading software, there are no details. Nevertheless, Apex Scalper developers provide a list of their parameters, which can give more advanced traders the opportunity to look under the hood if you want.
View attachment 2358050
These variables include money management, risk, lot size, sample period, viewing period, order offset, maximum spread, take profit, stop loss, trailing stop, breakeven, partial closing, and several others. Traders can also indicate the time of trading, at the exact hour the software should exit the auction on Friday.
It's nice to see suppliers providing their options, as we see in recent reviews
Robot Analysis
View attachment 2358051
Type: Forex Robot
• Price: 199 dollars
• Strategy: price action / supply and demand
• Timeframe: H1
• Pairs: EURUSD, GBPUSD, USDJPY
Apex Scalper at a reasonable price of $ 199. Traders can also test the software on a demo account before buying, which is certainly the recommended step in this case.
The system shows an increase of 108% in 26 weeks with a reliability indicator of 3/5. Over this period, the maximum drawdown was 17.3%, and the ratio of win and loss was 86.9%, and losses were 13.1%.
View attachment 2358052
The average retention time is 16 minutes, and the risk reward ratio is 6-1, which corresponds to most scalping systems.
Using a low spread broker will certainly be important for a strategy like this.
Conclusion
Apex Scalper demonstrates some potential, because the vendor seems to have extensive experience in the Forex market. However, the system did not cause much publicity, and no one commented or viewed it on the MQL5 sales page since 2017. It is possible that this is a standard robot, but, considering that the developer was updated less than 6 months ago, he does, we think otherwise.
Input parameters
• Choose Money Management - lot management: fixed (Fixed lots) or dynamic (Dynamic lots).
• Risk Setting - risk settings for dynamic lot size.
• Fixed Lot Size - fixed lot size, if Fixed lots is selected above.
• Max Spread Avg - the maximum average spread size (over the last 20 ticks) at which pending orders are allowed.
• Max Volatility - the maximum allowable volatility, beyond which trading is prohibited.
• Max # of Orders Replaced - the maximum number of orders that will be replaced after the weekend or a dangerous spread / volatility.
Max Pending Orders - the maximum number of pending orders placed on the market at the same time.
• Max Order Distance - the maximum distance by which it is allowed to re-order. Measured in pips.
• Order Offset - the distance in pips to offset the order entry levels from the demand and supply zones.
• Target Profit - take profit in pips.
• Use Break Even - set to true to use the breakeven transfer.
• BE Activation Pips - the number of profit pips to activate the breakeven function.
• Initial Stop Loss - the initial stop loss in pips.
• Trailing Stop - trailing stop in pips.
• TS Activation - the number of pips in profit for activating a trailing stop.
• Trailing Step - increment to move stop loss. For example, 0.5 pips. The trailing stop will move every 0.5 pips in the direction of profit.
Multiple Entry Orders - if true, several orders with different take profits will be placed at a distance of x pips.
• Number of orders to open - the number of orders with various take profit levels to be set.
• Target Profit Spacing - the interval in pips for a multi-stage take profit (if Multiple Entry Orders = 'true').
• Friday Exit Hour - the hour on Friday at which all pending orders will be deleted. The value is from 1 to 24.
• Order Expiration Minutes - the expiration time of orders; set the value to 0 if your broker does not require an expiration time when sending pending orders.
• Max Order Retry - the maximum number of attempts to enter or delete orders.
Initial Balance - the initial balance. Select the entire account balance or specify the balance value that Apex Scalper Expert Advisor is allowed to use in trading.
• Specified Balance - if 'Specified Balance' is selected in the parameter above, specify here the size of the balance that Apex Scalper will use.
• Broker Digits - 4 or 5 decimal places at the broker. Five-digit quotes are recommended.
• Enable Broken Trade Check - check for problems with deals on each tick. For example, loss of internet connection, “trade flow busy”, price changed before setting stop loss, etc.
• Delete Orders When EA is Removed - if 'true' is selected, all pending orders will be deleted when the EA is removed from the chart or when reinitializing.
User Defined Tag - a label that will be added to the comment field of orders. It can be changed by the user.
• Magic Number - magic number for Apex Scalper. When launching multiple copies of the advisor on one account, be sure to use a unique number for each copy.
Choose a broker with a minimum stop level of 0.
For maximum performance with Apex Scalper, it is highly recommended that you use a fast connection with your broker. It is advisable to use a VPS server located next to the broker's trading servers.
Salesperson https://forexrobotnation.com/ea-review-apex-scalper/
The robot is owned and operated by Cutting Edge Forex LLC, located in the United States, and managed by Joseph Smith. This Forex product maker is also the creator of Legend, Sentry and Ascent II, a collection of automated trading systems sold in the MQL5 market. None of these products is considered the most popular in this market, but the supplier demonstrates the necessary level of skills necessary to develop the right trading strategies. To contact support, traders can send a message to Joseph through his profile in MQL5.
In terms of strategy, Apex Scalper uses a “unique algorithm that detects emerging demand and supply areas as they develop, and then enters the forex market position at these levels. “This algorithm works in conjunction with the price action to determine possible inputs to the deal. The provider also notes that the software does not use any grid, arbitrage, hedging or martingale strategies, as they prefer low-risk scalping. This methodology is the one we regularly subscribe to with the best Forex robots available.
View attachment 2358049
trailing stop and partial closing of positions if necessary.
Your robot is designed for an hour time period, and only 3 pairs, GBPUSD, EURUSD and USDJPY.
parameters
Although it is clear that there is a solid trading strategy and framework for trading software, there are no details. Nevertheless, Apex Scalper developers provide a list of their parameters, which can give more advanced traders the opportunity to look under the hood if you want.
View attachment 2358050
These variables include money management, risk, lot size, sample period, viewing period, order offset, maximum spread, take profit, stop loss, trailing stop, breakeven, partial closing, and several others. Traders can also indicate the time of trading, at the exact hour the software should exit the auction on Friday.
It's nice to see suppliers providing their options, as we see in recent reviews
Robot Analysis
View attachment 2358051
Type: Forex Robot
• Price: 199 dollars
• Strategy: price action / supply and demand
• Timeframe: H1
• Pairs: EURUSD, GBPUSD, USDJPY
Apex Scalper at a reasonable price of $ 199. Traders can also test the software on a demo account before buying, which is certainly the recommended step in this case.
The system shows an increase of 108% in 26 weeks with a reliability indicator of 3/5. Over this period, the maximum drawdown was 17.3%, and the ratio of win and loss was 86.9%, and losses were 13.1%.
View attachment 2358052
The average retention time is 16 minutes, and the risk reward ratio is 6-1, which corresponds to most scalping systems.
Using a low spread broker will certainly be important for a strategy like this.
Conclusion
Apex Scalper demonstrates some potential, because the vendor seems to have extensive experience in the Forex market. However, the system did not cause much publicity, and no one commented or viewed it on the MQL5 sales page since 2017. It is possible that this is a standard robot, but, considering that the developer was updated less than 6 months ago, he does, we think otherwise.
Input parameters
• Choose Money Management - lot management: fixed (Fixed lots) or dynamic (Dynamic lots).
• Risk Setting - risk settings for dynamic lot size.
• Fixed Lot Size - fixed lot size, if Fixed lots is selected above.
• Max Spread Avg - the maximum average spread size (over the last 20 ticks) at which pending orders are allowed.
• Max Volatility - the maximum allowable volatility, beyond which trading is prohibited.
• Max # of Orders Replaced - the maximum number of orders that will be replaced after the weekend or a dangerous spread / volatility.
Max Pending Orders - the maximum number of pending orders placed on the market at the same time.
• Max Order Distance - the maximum distance by which it is allowed to re-order. Measured in pips.
• Order Offset - the distance in pips to offset the order entry levels from the demand and supply zones.
• Target Profit - take profit in pips.
• Use Break Even - set to true to use the breakeven transfer.
• BE Activation Pips - the number of profit pips to activate the breakeven function.
• Initial Stop Loss - the initial stop loss in pips.
• Trailing Stop - trailing stop in pips.
• TS Activation - the number of pips in profit for activating a trailing stop.
• Trailing Step - increment to move stop loss. For example, 0.5 pips. The trailing stop will move every 0.5 pips in the direction of profit.
Multiple Entry Orders - if true, several orders with different take profits will be placed at a distance of x pips.
• Number of orders to open - the number of orders with various take profit levels to be set.
• Target Profit Spacing - the interval in pips for a multi-stage take profit (if Multiple Entry Orders = 'true').
• Friday Exit Hour - the hour on Friday at which all pending orders will be deleted. The value is from 1 to 24.
• Order Expiration Minutes - the expiration time of orders; set the value to 0 if your broker does not require an expiration time when sending pending orders.
• Max Order Retry - the maximum number of attempts to enter or delete orders.
Initial Balance - the initial balance. Select the entire account balance or specify the balance value that Apex Scalper Expert Advisor is allowed to use in trading.
• Specified Balance - if 'Specified Balance' is selected in the parameter above, specify here the size of the balance that Apex Scalper will use.
• Broker Digits - 4 or 5 decimal places at the broker. Five-digit quotes are recommended.
• Enable Broken Trade Check - check for problems with deals on each tick. For example, loss of internet connection, “trade flow busy”, price changed before setting stop loss, etc.
• Delete Orders When EA is Removed - if 'true' is selected, all pending orders will be deleted when the EA is removed from the chart or when reinitializing.
User Defined Tag - a label that will be added to the comment field of orders. It can be changed by the user.
• Magic Number - magic number for Apex Scalper. When launching multiple copies of the advisor on one account, be sure to use a unique number for each copy.
Choose a broker with a minimum stop level of 0.
For maximum performance with Apex Scalper, it is highly recommended that you use a fast connection with your broker. It is advisable to use a VPS server located next to the broker's trading servers.
Salesperson https://forexrobotnation.com/ea-review-apex-scalper/
