The Scalping Robot is an automated trading tool designed to identify and execute short-term trades on the M1 timeframe. It works with five popular currency pairs and aims to take advantage of small price movements. The algorithm is structured to find high-probability entry and exit points, executing trades quickly in an attempt to maximize trading opportunities.
The robot follows a scalping strategy, meaning it opens and closes trades frequently, targeting small profits from each movement. It operates from Monday to Friday, entering trades based on its algorithm’s signals. Each trade is set with predefined Take Profit and Stop Loss levels to manage risk. Additionally, there is an extra security feature (max drawdown percentage) to help control potential losses.
The robot setup is straightforward. By default, all parameters are set and ready to use. users only need to adjust the lot size according to their risk preferences. Additionally, the accompanying panel shows helpful information such as the forex calendar, daily pips gained, daily profit figures, and the current market session status.
Recommendations
- Minimum account balance of 1000$.
- Works best on EURUSD, GBPUSD, USDJPY, EURJPY and XAUUSD. (Work on any Pair)
- It works best on M1. (Work on any TimeFrame)
