In this post I will be reviewing the superb Forex Scalping EA. This fantastic automated forex trading system trades multiple currency pairs on the 5 minute timeframe with universal settings and a very high win rate around 80%. The pairs the Forex Scalping EA trades are the EURUSD, GBPUSD, EURGBP, EURCHF, EURCAD, GBPCAD, GBPCHF, USDCAD and USDCHF. The fact it trades 9 pairs with the EXACT same universal settings shows just how amazing this forex robot is. It is very consistent and powerful taking multiple trades each day which can grow accounts very fast! MyFxBook verified tests on the Forex Scalping EA website show $1,000 turned into literally $BILLIONS! I have tested it myself and the results matched up, in fact even all the way back into the 90’s on some pairs where the data was available. There has been excellent consistency over many years and different market conditions. It runs on the MetaTrader 4 trading platform and after an instant download can be setup and running in just 5 minutes trading for you on auto pilot. This is without doubt one of the best (if not the best) forex robots I have reviewed and tested to date. It has great diversity, high win rate, low risk and excellent support. You may choose to trade a selection or all of the 9 currency pairs depending on your preferences thus making it very flexible according to your needs.
Forex Scalping EA Trading Strategy
The Forex Scalping EA strategy is to trade on the 5 minute timeframe during times of low volatility which gives it an extremely accurate entry from its combined technical and price action analysis. The average loss trade does not wipe out all the winning trades and it can go on runs of many consecutive wins growing accounts to very high amount fully automated – I have seen a consecutive run of almost 100 trades without a loss with the Forex Scalping EA. The thing I like most about the Forex Scalping EA is that not only is it safe and reliable, the testing was done with real tick data from Dukascopy using real spreads, commissions and slippage. What this means is that the results are as realistic as possible and NOT spread or broker dependent. Some forex scalping strategies trade on currency pairs with high spreads which means they look good in back tests but do not perform on live accounts – the Forex Scalping EA is different. Again, you can choose to trade certain currency pairs or all, there are built in maximum spread and slippage filters to ensure that you will only get the highest probability trades and that the broker will not stop you from being successful. As always, I would say go with a true ECN forex broker for the best possible trading conditions as you should with any forex trading system.
Forex Scalping EA Back Testing
The Forex Scalping EA accurate tick data & real variable spread back tests show AMAZING results with $1,000 growing to BILLIONS in Net Profit with low risk. You can choose to be even more conservative or more aggressive, either way the results are very impressive. There is an impressive 9back tests showing results from 9different currency pairs and guess what? They all use the EXACT same settings! This really does show the strength of a forex system when it has the same settings regardless of the currency pair traded. Unlike other forex robots it has not been optimized for each individual pair, not only does this make it a very reliable forex robot but also even easier to setup. The Forex Scalping EA has plenty of room to make pips on every trade, most trades it banks between 5-20 pips and sometimes more thus not even making it a true scalper which is a good thing. Combine this with the ridiculously high win rate and you have an excellent reliable and accurate fully automated forex trading system. Draw down is very low and win rate very high. All the stats are perfect.
Forex Scalping EA Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Forex Scalping EA Summary
I am very impressed by the Forex Scalping EA. I mean it has low draw downs, is low risk, has a very high win rate, decent risk to reward ratio, many consecutive winners, has been tested over nearly 20 years in multiple different market conditions and importantly it trades on multiple currency pairs and has built in spread/slippage filters so is not strictly broker or spread dependent. Of course for best results you should be using an ECN forex broker for the lowest possible spreads and fastest execution. The Forex Scalping EA can grow the smallest of deposits into huge amounts fully automated as proven by the results on the official website. If you are looking for an automated forex scalping system that is reliable then look no further than this one. It includes detailed instructions for a quick and easy setup, full excellent support, free lifetime updates and unlimited licenses. It is well worth it’s price tag!