The 1 Minute Scalper Metatrader 4 Forex Robot is an automated forex trading software that takes advantage of 13 moving averages.
Essentially, its use of multiple moving averages in formulating a logic that scans the market for buy/sell trade signals ensures that such alerts are increasingly accurate.
Just as the name suggests, it is a scalping algorithm that works finest on the 1-minute time frame on major forex pairs like the GBP/USD, EUR/USD, USD/CHF, USD/CAD, etc. as well as stocks listed on NASDAQ.
The risk involved with trading this automated trading system is the spread.
Therefore, the 1-minute Scalper expert advisor should be deployed only on forex pairs that have relatively tight spreads, for instance EUR/USD, USD/JPY and GBP/USD.
Strategy Tester Report
Find below the 1 Minute Scalper forex robot strategy tester report for the GBP/USD forex pair on the 1-Minute chart.
The EA made a total profit of $605.44 from a total of 13 trades. The largest winning trade generated $357.27 in profits, while the largest losing trade generated a loss of-$0.00.
Bars in test: 8519 ticks modelled
Initial deposit: $10000.00
Total net profit: $605.44
Total trades: 13
Largest profit trade: $357.27
Largest loss trade: -$0.00
Consecutive wins: 13
Consecutive losses: 0
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaimumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the 1 MINUTE SCALPER.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)