No manual trading required.
Runs on the MetaTrader 4 platform.
24/7 dedicated support.
The Forex Scalping EA strategy uses reversal trades for scalping. You can set the robot parameters according to your preferences and maintain full control over your own trading.
Fully customisable settings.
Simultaneously trade multiple currency pairs.
Please see the latest verified Myfxbook results of the Forex Scalping EA.
Results verified by Myfxbook.
Over 3+ years of performance.
Backtesting results of the Forex Scalping EA from 2000 to 2023 in the MT4 strategy tester using universal settings with 10% max risk.
There is no minimum balance required to use the software. It can run on any account size. You should use an account balance that you feel comfortable with and never risk more than you can afford to lose as trading always has an element of risk involved.
What leverage should I use?
The software will run with any leverage. You should use a leverage that you feel comfortable with and understand the risks involved with online trading.
What trading platform do I need?
The software runs only on the MetaTrader 4 (MT4) platform for desktop, not in the MT4 mobile app or web trader platform. You should have the MT4 desktop platform already installed.
What broker should I use?
You can use any MetaTrader 4 forex broker. The lower the brokers spreads/commissions and faster the execution speeds, the better. You should already have an account with an MT4 broker.
I have no experience; can I use the software?
Step by step setup instructions are included but you should have some knowledge of MetaTrader 4 and using expert advisors (EAs).
What currency pairs does the software run on?
The software has been developed to run on multiple currency pairs including AUDNZD, AUDUSD, CADCHF, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPJPY, GBPCHF, GBPUSD, USDCAD, USDCHF, USDJPY.
What chart time frame does the software run on?
Does the software use any martingale or grids?
No, the software does not use any martingale money management strategies or grid trading.
Can I try on a demo account?
Yes, if you wish. Many would say it is a wise idea to practice trading on a demo account first to familiarise yourself with the software and how it works.
What is a license?
1 license allows you to run the software on 1 real live MetaTrader 4 account.
How many licenses do I get?
The number of real live MetaTrader 4 account licenses that you get will depend on the software package that you purchase. All packages include unlimited demo account licenses.
Can I change my license?
Yes, you can change your license to a different MetaTrader 4 account at any time.
Can I use my license on another computer/VPS?
Yes, you can use the same license for an account on multiple devices.
Can I upgrade my package?
Yes, you can update your package at any time for additional licenses to run the software on additional MetaTrader 4 accounts.
How do I get the software?
You will receive the software and instructions as an instant download link.
How do I activate my license?
You will receive an activation link with the software and instructions.
Are setup instructions included?
Yes, step by step setup instructions are included.
Do I get settings for the software?
The software comes with default settings based on many years of testing. You can set your own lot/risk size. Some users like to experiment with settings, currency pairs and time frames, which is fine but we would do so on a demo account to begin with.
Do you offer support?
Yes, via email only. Please allow up to 24-hours for a response, excluding weekends and public holidays.
Do you offer trial versions?
No, the software has taken thousands upon thousands of hours to develop and test over 15+ years.
What is the refund policy?
Due to the downloadable nature of the software and unpredictability of the markets, there are no refunds under any circumstance. If you are unhappy with this, please do not purchase.
How much can I make every day/week/month? What is the drawdown?
There are no guarantees on what the results will be. Trading is risky by nature and there can be significant drawdown and losses as with any trading system. Results depend on many factors such as market conditions, economic news releases, black swan events, settings used, lot/risk size, broker conditions, spreads, commissions, slippage and more.
Can I use the Forex Scalping EA for prop firm challenges?
Yes, you are free to use the Forex Scalping EA for trying to pass prop firm challenges provide the prop trading firm allows automated trading with expert advisors (EAs).
Where can I find out more about the Forex Scalping EA?
You can read an expert Forex Scalping EA review from the forex geek review website.