best scalping EA for forex trading

[vsgopinathvs]

i need a good EA to increase profit , as im newbie to trading
what are the EAs , can anyone share the profitable EA

 

[John is Doe]

Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading. Adhering to the strict exit strategy is the key to making small profits compound into large gains. Keep learning and you will do good in long term, don't give up.

 

[AlfredoGutti]

Scalping can be very profitable for traders who decide to use it as a primary strategy, or even those who use it to supplement other types of trading. Adhering to the strict exit strategy is the key to making small profits compound into large gains. Keep learning and you will do good in long term, don't give up.

With the restrictions that brokers planned for traders, in my opinion there is no way to scalp.

 

[forexfits]

Has anyone found a solid EA to use for scalping? I'm considering this for day trading and booking small profits.

 

[mrrobottt]

Amazing professional trader makes money examining your business

 

[fdsvgfdgbdfg]

Amazing professional trader makes money examining your business

 

[pippin]

i need a good EA to increase profit , as im newbie to trading
what are the EAs , can anyone share the profitable EA

You may try to use some public EA's based on some basic principles like MACD, RSI and ATR and gradually improve them by playing with EA parameters or even adding additional indicators that will reduce number of signals and increase their accuracy.

 

[an0nym0us247]

Determining the best parameter settings for a scalper EA requires careful consideration and optimization specific to the EA you are using. However, I can provide you with some general guidelines to help you get started. Keep in mind that these settings may need further adjustment based on your trading preferences and market conditions.

1. Timeframe:
   • Scalping EAs typically operate on lower timeframes, such as M1 (1-minute) or M5 (5-minute), to capture quick price movements. Consider testing your EA on different timeframes to find the one that suits your trading style and provides optimal results.
2. Stop Loss and Take Profit:
   • As scalping involves capturing small price movements, the stop loss and take profit levels are generally set relatively close to the entry price.
   • Start by setting a tight stop loss to limit potential losses. Consider a range between 5 to 15 pips, depending on the volatility of the currency pair you are trading.
   • For take profit, aim for a similar range of 5 to 15 pips. This allows you to capture quick profits and maintain a favorable risk-to-reward ratio.
3. Entry and Exit Conditions:
   • Define the entry and exit conditions of your scalping EA based on your chosen strategy. This may include indicators, price patterns, or other technical analysis tools.
   • Experiment with different combinations of indicators and parameters to find the most effective settings for your specific scalping strategy.
4. Spread and Slippage:
   • Scalping EAs are sensitive to spreads and slippage, as they aim to capitalize on small price differentials. Ensure that the EA is optimized to work well with the average spreads and slippage of the currency pairs you intend to trade.
   • Consider testing the EA during different market hours to analyze its performance under varying spread and slippage conditions.
5. Risk Management:
   • Implement appropriate risk management techniques to protect your capital. This may include setting a maximum percentage of your account balance to risk per trade or using a fixed lot size.
   • Consider using a trailing stop feature to lock in profits as the trade moves in your favor, while still allowing for potential further gains.
6. Backtesting and Optimization:
   • Backtest your scalping EA using historical data to assess its performance and fine-tune the parameters.
   • Utilize optimization tools provided by your trading platform to systematically test different parameter values. Set optimization criteria based on your desired performance metrics, such as maximizing profit or minimizing drawdown.

Remember that market conditions can change, and what works well in the past may not guarantee future success. Regularly monitor and review the performance of your scalping EA, making adjustments as needed.


It's important to note that the best scalping EA parameter settings can vary depending on the specific EA, market conditions, and individual preferences. Therefore, it's recommended to conduct thorough testing and optimization for your specific EA to find the most suitable settings.


If you have further questions or need more specific guidance, feel free to ask!

 

[Fin_Trader]

With the restrictions that brokers planned for traders, in my opinion there is no way to scalp.

Not all brokers have restrictions on scalping. With my broker, for example, you can trade using any manual method and any robot scalper. And minimal spreads contribute to this. But it is very difficult to find a well-functioning scalper robot; they often trade with profit for a very short time and then the deposit is lost. Here you need to personally check how any found robot works, what its mathematical expectation is, and only on the basis of personal tests and trading statistics make a decision about the possibility of using it in your trading.

 

[Fxzombie]

The advantage of using a scalping EA is that traders don't have to observe every price change because the EA will work based on programmed logic to execute orders. I still like manual trading because I once had a bad experience when an EA caused a margin call.