In this post I will be reviewing the QuickScalp Trader automated forex robot that runs in the highly popular and still ever strong MetaTrader 4 trading platform. As with any forex robot the QuickScalp Trader is fully automated and will place, manage and exit trades on your behalf if you let it.
In order to use this forex robot, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
QuickScalp Trader Trading Strategy
Presented by William Morrison from LeapFX, the QuickScalp Trader has been years in the making and was designed to function much different than normal scalpers in order for it to be possible to work on different brokers with average spreads and average execution times, while adding in some unique technologies.
The QuickScalp Trader forex robot trades most days with a short trade hold time and has been designed to run on the EURUSD & GBPUSD currency pairs. These are considered major forex currency pairs and can have some of the most liquidity with low spreads.
The strategy used identifies Trend with Optimized Moving Averages, Then Determines Entry Based on Fractals and Candlestick Movement. It is FIFO Compliant, No Hedging, Compatible With All Leverage Accounts with No Grid, No Cost Averaging, 1 Trade At A Time Per Currency Pair.
QuickScalp Trader Back Testing
The official QuickScalp Trader website has a range of back tests of this forex robot. However, my only gripe would be that the back tests should be done with real tick data, variable spreads and commission included. Birts Tick Data Suite should be used for accurate MT4 back testing conditions, especially with a forex scalping strategy.
QuickScalp Trader Live Results
QuickScalp Trader Summary
The QuickScalp Trader is suitable for any level of trader as it requires no user input other than setting it up which can be done in just 5 minutes by following the included instruction guide, whilst support is always on hand to help and a money back guarantee included.