The Royal Prince Scalper EA for Metatrader 5 uses a proprietary scalping strategy to identify the best possible short-term buy & sell trade opportunities.
The expert advisor gains about 4-9% monthly with low drawdown expected.
The Royal Prince Scalper Forex robot opens about 3-10 deals a week and it’s pretty consistent.
Worth noting is that the EA does not use any dangerous trading strategies such as grid and martingale.
This fully automated trading robot should work with any Forex broker of your preference.
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.
Strategy Tester Report
Find below the Royal Prince Scalper EA track record for the EUR/USD 1-hour chart (click on the picture for full size view).
- Gross profit: $1904.37
- Profit factor: 3.78
- Total net profit: $1400.80
- Consecutive wins: 27
- Consecutive losses: 3
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Recommendations & Specifications
- Trading instruments: GBP/USD, EUR/USD, USD/JPY
- Time frames: H1
- Minimum account balance: $125
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 5
The picture below shows the Royal Prince Scalper Forex Robot attached to the Euro / U.S. Dollar 1-hour chart.
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Lots, risk percent, TP points, SL points, TSL points, time frame, bars, magic, expiration hours
How to install and run the Royal Prince Scalper EA Robot?
- Open the Metatrader 5 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL5” folder
- Open the “Experts” folder
- Open the “Advisors” folder
- Copy the RoyalPrince_Scalper.ex5 file here
- Then close and restart the MT5 platform
- Attach the expert advisor to the chart
Now, you are ready to start using the Royal Prince Scalper EA!