Unlike many other EAs, this MT4 Scalper does not resort to risky methods such as grid trading, martingale systems, or topping up. It trades using pending orders. Also, it incorporates a Stop Loss and Take Profit feature in every trade.
The EA is fully optimized and ready to work right out of the box. Traders need to add the US30 Scalper to the US30 M15 chart to initiate the trading process.
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While the US30 Scalping EA is a robust tool, it is essential to note that scalping is inherently risky, and the EA can have drawdown periods of up to 30% when using a high Profit/Risk ratio. Hence, traders must conduct their due diligence and perhaps even consult financial advisors before employing it in their trading portfolio.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how US30 Scalping Robot works, then only use it in a real account.
Recommendations for US30 Scalping EA
- Minimum account balance of 100$.
- It’s designed and trained to work on US30/Dow30/DJI [US Wall Street 30 index/Dow Jones Industrial Average]. (Work on any pair.)
- Work Best M15 TimeFrame.
- This US30 Scalping EA should work on VPS without interruption to reach stable results.
How To Install
- Show News Panel – Show the News panel.
- Use News Filter – Use the News filter.
- Trade Direction- “ANY/BUY/SELL” choosing the direction of trading
- Lot Type: Fixed/Auto–lot calculation parameter
- Fixed lot (constant) – fixed (constant) lot size
- Profit/Risk Ratio – The automatic lot size is determined based on the Profit/Risk ratio.
- Take Profit – profit level
- Stop Loss – Stop loss level.
- SmartOrders – EA calculates the distance between orders automatically
- Max orders at the same time – the maximum number of orders at one time
- Pause after Stop Loss (FTMO) – If you need to comply with the terms and conditions of the PROP FIRM or FTMO, set the Risk value =5% and Pause after true.
- News Filter – News Filter parameters
- Day settings – Time and date Filter parameters
- Panel settings – panel parameters
- Pause trading on Xmas holiday – When this function is activated, MT4 Scalper stops trading during the New Year holidays, when spread expansion and low volatility are possible (from December 23 to January 7)
Conclusion of this MT4 Scalper
The US30 MT4 Scalper offers a sophisticated yet user-friendly approach to trading the Wall Street 30 index. With its robust algorithm, focus on risk management and operational simplicity, it serves as a valuable asset for both novice and experienced traders in the scalping community.
Recommended Broker
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- Platform: Metatrader4, Metatrader5
- Currency pairs: NZDUSD, USDCAD, AUDNZD, AUDCAD, NZDCAD, GBPCHF, XAUUSD (GOLD), BTCUSD (BITCOIN)
- Trading Time: Around the clock
- Timeframe: M5, M15, M30, 1H, 4H, 1D
- Minimum deposit: $100
- Recommended broker: XM
