In this post I will review the Titan Scalper EA for the MetaTrader 4 trading platform (mt4). The Titan Scalper EA is an expert advisor (EA) also known as a forex robot that runs on the mt4 platform and will place and manage trades on your behalf. You simply setup the Titan Scalper EA using the provided instruction guide and it will handle all of the trading for you thus making it a forex trading solution suitable for beginner and advanced traders. At the time of me writing this Titan Scalper EA review, the verified myfxbook real account provided by the developer is showing gains of around 600% in just over 1 year with a monthly average of 14%. The drawdown is acceptable around the 17% mark but make sure you check the latest Titan Scalper EA myfxbook results to see if it has managed to maintain that good performance.
Titan Scalper EA Trading Strategy
The Titan Scalper EA uses a unique algorithm for picking the most opportune times to enter and exit trades with a built in money management system. You should set a lot size within the Titan Scalper EA settings that you are happy with and do not over leverage your account or use unnecessarily high risk. The Titan Scalper EA does have a losing trade average around double that of a win which is not a very favourable risk to reward ratio. However, it does have a win rate of around 75% on average. For increased chances of good performance especially with a forex scalping system such as the Titan Scalper EA, you should use an ECN forex broker which will give you lower trading costs and some of the best possible trading conditions. Titan Scalper EA trades on the EURUSD, GBPUSD, EURCHF and USDCHF pairs. The majority of these currency pair are considered majors, thus they should have suitable spreads and allow you to scalp a few pips with the right broker. You don’t need to trade all pairs if you do not wish, EURCHF tends to have higher spreads than the others due to their being less liquidity – basically a smaller volume of traders actively trading this pair.
Titan Scalper EA Back Testing
There are no back tests on the Titan Scalper EA but we do have over a year worth of real live myfxbook verified trading results to get a good idea of what to expect from this automated forex scalping system. Ideally I would have liked to have seens 10+ years of accurate backtesting with Birts Tick Data Suite to get a rough idea of what to expect long term from the Titan Scalper EA.
Titan Scalper EA Live Results
Titan Scalper EA Summary
Overall, the Titan Scalper EA has good potential, but its performance will depend GREATLY on the brokers spreads and execution speeds. The lower the spreads the better whilst you should also consider the commission costs being as low as possible. If you wanted to test Titan Scalper EA on a demo account first, don’t forget to keep in mind that demo price feeds and conditions can differ greatly from real accounts which is especially important when using a forex scalping system such as this. Titan Scalper EA comes with full support, updates, instructions and a money back guarantee.