The Royal Price Scalper EA developed for Metatrader 5 is a winning Forex robot that employs a proprietary scalping strategy specially designed for small trading accounts.
This expert advisor follows both major and minor trends and capitalizes on rapid price movements in volatile currency markets.
The Royal Price Scalper EA employs a conservative trading approach, limiting itself to one open trade at a time.
Additionally, all buy and sell trades are safeguarded with stop loss and take profit targets.
As evidenced by the performance chart below, the Royal Price Scalper EA has achieved an impressive +167.88% gain on the account at the time of writing, while maintaining a reasonable drawdown of 17.25%.
The EA consistently grows the account balance, generating an average monthly profit of 4.44%.
It may be slow, but its results are steady and reliable!
As always, we highly recommend testing the expert advisor on a demo account for a minimum of one month.
This allows you to evaluate its performance and fine-tune its settings to suit your trading preferences and risk tolerance.
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The following chart provides some detailed insights into how the Royal Price Scalper bot performed over an extended period of time.
Total account gain: +167.88%
Daily profit: 0.14%
Average monthly gain: +4.44%
Account drawdown: 18.25%
The picture below displays the Royal Price Scalper EA applied to the EUR/USD 1-hour currency chart.
The presence of the blue colored symbol in the top right corner of the chart ensures that the robot is fully operational and working.
General Information & EA Inputs
- Trading Platform: Metatrader 5
- Suitable for all currency pairs and time frames
- Recommended minimum account balance: $50
- Customizable EA Inputs: trade volume, risk percentage, take profit (in points), stop loss (in points), trigger points, time frame, bars, expiration hours, magic number, and more.
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Frequently Asked Questions
How Do I Install And Run This Forex Robot In Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder >Experts
- Copy the Royal Prince Scalper.ex5 experts file in the Experts folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Expert Advisors)
- Drag the EA to the chart to get started with it!
- Enable the Allow Algo Trading button
How Do I Edit This Expert Advisor?
- Click in the open chart with your right mouse button
- In the drop-down menu, click on Expert List
- Select the expert and click on properties
- Now you can edit the inputs and common preferences
- Finally click the OK button to save the new configuration