Master Scalper EA
Table of Contents
Price: $145 (1 LICENCE, FREE UPDATES & SUPPORT)
Currency pairs: USDJPY, EURCHF, EURGBP, EURCAD and EURAUD
Timeframe: M1
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DEMO ACCOUNT TEST RESULTS:
Master Scalper EA Review – Best Forex Expert Advisor And FX Scalping Robot
Master Scalper EA has been created by the Smart FX Technology team following the Scalping Strategy.
This Forex Expert Advisor becomes very active, scalping small price movements between the closing of the European trading session and the beginning of the Asian session, when the price action is choppy and locked in a narrow range.
Master Scalper EA works on USDJPY, EURCHF, EURGBP, EURCAD and EURAUD and 1 minute time frame.
The scalping trading schedule opens at the end of the European session, when markets quiet down, and trades until the Asia open. Trading times (US Summer) for each pair are:
- EURCHF: 16:00 to 24:00 GMT
- USDJPY: 18:30 to 23:00 GMT
- EURGBP: 19:00 to 23:00 GMT
- EURAUD: 16:00 to 22:00 GMT
- EURCAD: 18:45 to 23:30 GMT
(In winter one hour is added automatically to compensate for Daylight Savings Time changes).
During these times the FX Robot will find trading opportunities with high probability of success.
The Master Scalper EA averages 6 to 10 trades per day. This is Forex Scalping at its best!
Master Scalper EA – Automatic Money Management
Both trading robots created by the Smart FX Technology team, the Master Scalper and the Breakout Hunter are equipped with a sophisticated Money Management function that determines your orders sizes automatically. It uses a very smart algorithm that takes into consideration the frequency of orders and the size of potential wins and losses, to determine the optimum risk ratio as a percentage of your account balance.
Very smart money management indeed, all automatically.
In other words, when your account grows over time, the position sizes will also grow, automatically. When you make a withdrawal, the position sizes will be reduced automatically so that your risk level remains the same relative to the current balance of your account.
Master Scalper EA – News Filters For Advanced Automation
The VIX filter and the News Filter are the result of many years of manual and automated trading experience. The creators have been tracking inter-market behavior for a very long time. “When the Dow is rallying strongly, the Asian scalping session is in danger”- is the kind of acquired knowledge we are applying here, based on years of correlating markets volatility to our automated strategies.
The robot knows when “not” to trade, to avoid excessive volatility and unpredictable market conditions.
Master Scalper EA – Trading Strategies And Best Settings
The Master Scalper EA is a very sophisticated algorithm that scans the market in its past short, medium and long-term range to make sure the price action is appropriate for this trading strategy. If the market has been too volatile, the FX Expert Advisor may choose to wait until conditions improve so that our probabilities are at their best once a new position is opened. This ability to stalk the market until conditions are right is at the heart of this “Smart Technology” approach.
Master Scalper EA scans the market for Maximum Action and (sometimes) for Minimum Action over a period of time. When combined with the schedule of the different major world markets and the usual schedule of major news reports, we can assess the expected price action in the near future. Typically a scalping strategy requires a relatively quiet market to trade successfully.
Master Scalper EA – Performance Results Using The EURAUD Currency Pair
Master Scalper EA – New Version 12 Has The Following Features:
- Money Management: The size of your trades is calculated as a percentage of the balance in your trading account. As your account grows, so do the size of your trades, automatically.
- Optional “Boost-Mode” for traders who prefer the fast lane: Choose between the Master Scalper EA default very-low-risk settings or set the Money Manager to Boost-Mode to safely and automatically increase trade lot sizes and maximize your profits.
- Take Profit orders are calculated by the Master Scalper EA dynamically and sent to the broker in Real Time, to maximize potential profit in different market conditions.
- Stop Loss orders are automatically placed to protect every trade. They are sent to your broker together with the opening order.
- Trailing stops are triggered automatically at the end of the scalping session. They are meant to avoid unnecessary exposure to the volatile London session.
- Volatility Filters: The Expert Advisor knows when “not” to trade, to avoid excessive volatility and unpredictable market conditions.
Master Scalper EA – 3 “Volatility Filters” To Spot Unusual Market Behavior
- VIX filter: This volatility filter connects to Stocks and Commodities markets worldwide. If inter-market volatility is excessive, the Master Scalper EA automatically modifies our trading strategy. This information allows the forex robot to make more intelligent, up-to-the-minute decisions.
- News Filter: This amazing feature of the Master Scalper EA allows us to trade without concern for scheduled economic reports releases. It is connected to the Forex Factory calendar. The FX robot will stop trading before and after events expected to have market impact, automatically, for true set and forget trading.
- ADX/MA filter: The ADX determines the maximum volatility level allowed for normal trading. If the ADX volatility level is exceeded, trading will only be allowed in the direction of the trend, as determined by the MA filter.
This combination of filters allows completely “hands-free” trading in all market conditions!
If your account (Demo or Live) fails to make a profit by the end of 60 days, using default settings, the vendor will refund your full purchase price, no questions asked, and let you keep the Forex Robot for Free!
Visit the Official Master Scalper EA website
DEMO ACCOUNT TEST RESULTS:
Start date: April 10, 2013
Demo broker: Excel Markets
