Moreover, it seems to be using a grid system, which involves placing a series of buy or sell orders when the first trade goes negative. While the grid method can potentially enhance profits during sideways and trending markets, it poses a significant risk of substantial drawdowns or even account blow-ups if the account balance is insufficient. Traders are advised to be cautious and fully understand the implications of using such methods.
Please test in a demo account for at least a week first. Then, please familiarize yourself with and understand how this MT4 Scalping EA works, and only use it in a real account.
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Recommendations for this MT4 Scalping Robot
- Minimum account balance of 500$.
- Set files are given for the best working pairs.
- Set File 1 – XBRUSD, XTIUSD, USDCHF, USDCAD, NETH25, XAGEUR, EURCHF, GBPJPY, XAGUSD
- Set File 2 – USDCHF, EURCAD, CHFJPY, NZDJPY, NZDCAD, EURNZD, AUDUSD, EURJPY, GER40, EURAUD, GBPCHF, AUDCHF, CADJPY, USDJPY, AUDJPY, AUDNZD, USDCAD, EURGBP, and NAS100.
- It works best on M1 and M5. (Work on any TimeFrame)
- We Recommend running the MT4 Scalping Robot on VPS without interruption. So we are running this free forex EA on a reliable VPS.
Conclusion of PipHarvester EA
The PipHarvester EA Scalper strategy represents a sophisticated approach to short-term trading. Combining precise candlestick pattern analysis with trend detection offers a structured path to navigating the often turbulent trading waters. However, like all trading strategies, it requires a thorough understanding and respect for the risks involved, especially when employing grid systems.
Traders should approach this strategy cautiously, ensure they are well-educated on its mechanics, and consider their risk tolerance and trading objectives before implementation.
Recommended Broker
Trade with a Trusted Global Broker ⫸ XM
- Platform: Metatrader4, Metatrader5, C Trader
- Currency pairs: NZDUSD, USDCAD, AUDNZD, AUDCAD, NZDCAD, GBPCHF, XAUUSD (GOLD), BTCUSD (BITCOIN)
- Trading Time: Around the clock
- Timeframe: M5, M10, M15, M30, 1H, 4H, 1D, 1W
- Minimum deposit: $100
- Recommended dealer: XM