The Best Scalper EA Bot for Metatrader 4 is a free profitable Forex robot that identifies quick scalping opportunities using a mix of solid technical indicators.
This automated trading robot uses the higher time frames for trend direction and then uses the smaller time frames for trade entries and exits.
As always, please use this EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
The Best Scalper EA Bot delivers the best results on the lower spread currency pairs (EUR/USD, GBP/USD, USD/JPY,…).
According to the developer, the win rate exceeds 90%.
The expert advisor uses a stop loss to avoid big equity drawdowns.
Download the “Best Scalper EA.ex4” expert advisor
Find below the Best Scalper EA performance for the XAUUSD (click on the picture for full size view).
As can be seen from the report, the maximal drawdown was only 5.93% during the testing period, which is very good.
The expert advisor achieved a total profit of 367088.20 on Gold (15-minutes chart).
- The largest profit trade: $1351.
- The largest loss trade: -$3992.
- The EA made 40 consecutive winning trades.
Download This Expert Advisor
Download the “Best Scalper EA.ex4” EA
Recommendations & Specifications
- Trading instruments: Low spread Forex pairs (EUR/USD, GBP/USD, USD/JPY,..)
- Time frames: M5 – M15 (works on any time frame)
- Minimum account balance: $50
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 4
The picture below shows the Barclays EA attached to the EUR/USD M30 chart.
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Magic number, maximum spread, lots, maximum lots, risk ratio, use trailing, trailing stop, stop loss, time frame, start time, stop time
How to install and run the Best Scalper EA?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the Best Scalper EA.ex4 file here
- Then close and restart the MT4 platform
- Attach the expert advisor to the chart
Now, you are ready to start using the Best Scalper EA Bot!