Free True Scalper EA
The product is a free version of the Expert Advisor having the same name. Unlike the full version, the current one trades only a fixed lot with minimum volumes. The EA applies the unique trading algorithm based on a price movement to analyze the market status. TakeProfit and StopLoss values can be set manually or automatically by the EA. Positions are closed by a profit, time or after reaching TakeProfit or StopLoss level. The EA uses neither martingale, nor hedging and needs no complex setup. It is suitable for trading instruments with three or five decimal places and optimized for trading EURUSD M15.
Free True Scalper EA – Features
- Ready to go without any particular setup.
- It is possible to set the maximum spread size but not more than 20 points.
- Trading in a certain day of week can be enabled.
- Minimum initial deposit is $50.
- The EA works best on EURUSD M15.
- Supports any execution type.
- Works on Standard and ECN accounts.
Free True Scalper EA – Advantages
- Easy to use, no complex settings.
- Low drawdown.
Free True Scalper EA – Parameters
- Trade – trading settings.
- Magic – EA’s order magic number.
- Slippage – slippage in pips. Recommended values are 0 to 3.
- StopLoss – StopLoss value. If 0, the value is calculated and placed by the EA.
- TakeProfit – TakeProfit value in pips. If 0, the value is calculated and placed by the EA.
- Max_Spread – maximum allowed spread size for opening positions, in points. If 0, the values does not exceed 20 points.
- Max_Lot – maximum allowed lot size.
- TimeTrade – trading time settings.
- OpenHour – trading start hour.
- OpenMinute – trading start minute.
- CloseHour – trading end hour.
- CloseMinute – trading end minute.
- MarketWatch – for the brokers that do not allow to set StopLoss, TakeProfit simultaneously with position opening.
Free True Scalper EA – Requirements
- Recommended pair: EURUSD.
- Timeframe: M15.