555 Scalper Metatrader 4 Forex Robot

The 555 Scalper Metatrader 4 Forex Robot is an automated currency trading solution that uses two 5-period exponential moving averages to generate buy and sell market entry signals that are implemented by design.

The lower period exponential moving average are known to react more significantly to price changes, as such it is suited for scalping purposes in line with the numerous signals that are triggered.

The 555 Scalper forex trading robot is better suited for trending and fast-moving markets.

Seemingly, due to the type of trading technique that is being adopted by the 555 Scalper expert advisor i.e. scalping, it should be activated on high volume forex pairs like the EUR/USD, GBP/USD, USD/CHF, etc.

It is important to experiment with the varying input values on the 555 Scalper EA to further enhance trading results.

Free Download

Download the “555 Scalper.mq4” MT4 robot

Strategy Tester Report

Find below the 555 Scalper robot strategy tester report for the EUR/USD forex pair on the 5-minutes chart.

Overall Performance

The EA made a total profit of $950.16 from a total of 183 trades. The largest winning trade generated $69.79 in profits while the largest losing trade generated a loss of-$117.51.

Statistics:

Bars in test: 35894 ticks modelled

Initial deposit: $50000.00

Total net profit: $950.16

Total trades: 183

Largest profit trade: $69.79

Largest loss trade: -$117.51

Consecutive wins: 12

Consecutive losses: 1

Download

Download the “555 Scalper.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit…

Time frames: 1-Minute, 5-Minutes, 15-Minutes

Type: EMA

Installation

Copy and paste the 555 Scalper.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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