The AF Scalper EA is an automated trading tool in the forex market. This expert advisor is designed to execute trades based on the DCA (Martingale) strategy, which involves increasing position sizes after a loss in order to recoup previous losses and try to generate winning trades. The AF Scalper EA is optimized and intended by the developer for scalping, a trading strategy that seeks to take advantage of small price movements in the market.
In this review, we will explore the features, performance, and limitations of the AF Scalper EA, so that you can make an informed decision about whether it is suitable for your trading needs. We will examine the flexibility of the EA, as well as its risk management capabilities. So, if you’re interested in exploring the potential of automated trading and scalping, let’s dive into this AF Scalper EA review.
AF Scalper EA Strategy
The AF Scalper EA is an automated trading tool that is based on the DCA (Martingale) strategy. If the price goes against the trade, the EA will open a new position based on the number of pips set by the user. The user can also control how many positions can be opened.
One of the key features of this forex scalping robot is its flexibility, as it allows the user to customize how it operates based on their preferences. The EA is designed to execute trades using a scalping strategy, which involves making small profits on quick trades. The target profit range for this EA is between 5-10 pips per trade.
The AF Scalper EA is optimized for the H1 time frame and can be used with a range of currency pairs, including EURUSD, GBPUSD, USDJPY, EURJPY, and GBPJPY.
The AF Scalper EA can be used on a range of markets, including forex (major/minor/exotic), commodities such as gold and oil, and even cryptocurrencies based on MT4. It’s important to note that while the AF Scalper EA may have its benefits, it’s important to use caution and always conduct thorough research before implementing any automated trading tools. It’s equally important to use it responsibly and within one’s risk management framework.
AF Scalper EA Features
- DCA (Martingale) strategy based: The EA uses the DCA strategy to execute trades.
- Flexibility: The user can set their own preferences on how many levels the EA will open positions, lot size, and pip multiplier.
- Scalping strategy: The EA is optimized for scalping, which involves making small profits on quick trades.
- Trend following or counter-trend: The user can set the EA to follow the trend or counter the trend.
- Long and short positions: The EA can open positions in both directions, long and short.
AF Scalper EA Settings
- Lot Size – The size of each trade
- Pip Multiplier – The number of pips for each additional trade in the DCA strategy
- Max Positions – The maximum number of positions that can be opened
- Follow Trend – Set the EA to follow the trend or counter the trend
- Take Profit – Set the take profit level based on pips or amount ($)
- Stop Loss – Set the stop loss level based on pips, amount ($), or percentage (%) balance.
AF Scalper EA Summary
The AF Scalper EA is an automated trading tool that can be used to execute scalping strategies. It uses the DCA (Martingale) strategy and is highly flexible, allowing traders to set their own preferences on various aspects of the trading process.
One of the strengths of the AF Scalper EA is its adaptability. The EA can be used with a range of currency pairs, markets, and brokers. Additionally, the EA is available for free, making it accessible to those with limited funds. However, the AF Scalper EA also has some weaknesses. As with any automated trading tool, it’s important to use caution and always conduct thorough research before implementing it. The DCA strategy can be risky, as it involves increasing the position size after each loss. This can result in significant losses if not used responsibly.
Before using the AF Scalper EA, it’s recommended to demo test it and apply good risk management settings. This can help traders understand the performance of the EA and minimize potential losses. It’s important to note that while the AF Scalper EA is free to use, traders must consider the costs associated with trading, including spreads, commissions, and other fees.
Overall, the AF Scalper EA is a flexible and customizable tool intended to assist traders in scalping. However, traders must use it responsibly and within their risk management framework. The EA is best suited for experienced traders who understand the risks involved in using an automated trading tool.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.