Trade Expert Advisor Master Scalper, as its name suggests, is a software for trading currency pairs, using in its work scalping strategy. The advisor is paid and costs $149. The Expert Advisor is fully automatic and requires only initial installation. The advisor knows how to trade five exotic currency pairs. It is noteworthy that he can trade them simultaneously. Master Scalper automatically adjusts the stop loss protection levels. The Expert Advisor is equipped with such useful features as a volatility filter, news filter, Money Management and Boost-Mode, which can be useful for traders who like to trade very quickly. Volatility filters allow the EA to stop trading when the market becomes too unpredictable.
Master Scalper – detailed information
|Type of Expert Advisor||Scalping|
|Size of the lot||no less than 1000 pips for 0.1 of the standard lot|
|Size of deposit, $||1000|
|Indicators||your own indicators|
|Recommendationed brokers||IC Markets, FxPro|
|Pair tool/forex||EUR/USD, GBP/USD|
|Yield, % p.a.||84.37|
|Max. drawdown, % p.a.||38.69|
|Autonomous account type|
|Maximum risk limit|
|Many series in one direction|
|Automatic start lot|
|Fixed Take Profit|
In connection with the popularization of automated trading, many investors ask themselves what is a Forex Expert Advisor? First of all, it is a special program required to manage the trading process automatically, i.e. without the trader’s participation. A trader invests in the robot in advance, a kind of algorithm, the conditions on the basis of which the subsequent market activity is carried out.
When you trade manually, you need to analyze the market yourself, take into account the forex forecast for the current day, forex news and choose the entry points to the market. However, it is also possible to trade automatically, using special programs that do most of the work for a trader – forex advisors.
Trading involves obtaining a great deal of knowledge – understanding the functioning of the market and various nuances, including the ability to apply technical and fundamental analysis. Forex Expert Advisors, i.e. the programs used for automatic trading, cannot help it.