This Apex Scalper EA review is an essential read for any trader looking to use this EA. In this review, we delve into the features of the Apex Scalper EA, how it works, as well as its settings. By the end of this review, readers should have a good understanding of the Apex Scalper EA and be able to decide if it is the right tool for their trading needs.
Traders who are considering using an automated trading tool like the Apex Scalper EA should be aware of the risks associated with using EAs. Automated tools can never replace the importance of human decision-making and experience in trading. It is crucial to understand the EA’s parameters and settings and how they affect its performance. Therefore, it is essential to approach the review of the Apex Scalper EA with an open and critical mind and consider it alongside other available trading tools.
Apex Scalper EA Strategy
The Apex Scalper EA is a Forex trading robot that claims to use a unique algorithm to identify emerging areas of supply and demand as they develop and enter positions at these levels. Positions are supported by price fluctuations in these zones, and the EA’s algorithm aims to take advantage of these price fluctuations to generate winning trades.
The Apex Scalper EA is a rapid Forex scalper that uses a unique scalping trading algorithm to open and close trades rapidly on your behalf. One of its key features is that it does not use martingale, grid, arbitrage or hedging elements, which reduces the risks associated with using automated trading tools. It is optimized for the M1 and M5 charts and is mostly intended by the developers for traders who prefer short-term trading strategies.
One important thing to note is that the Apex Scalper EA is a rapid Forex scalper, which means that it aims to generate small profits from multiple trades. While this approach has potential, it also carries a higher level of risk due to the speed at which trades are opened and closed. Therefore, it is important for traders to understand the risks associated with this type of trading strategy and to manage their risks accordingly.
This EA is recommended by the developers for traders with a minimum account balance of $200, however, do not invest more than you can afford to lose, as trading has the potential for both profits and losses. It is also optimized for use on Metatrader 4 and can be used on unlimited demo and live accounts, allowing traders to test the EA in different trading environments before committing to a live trading account.
Apex Scalper EA Features
- Unique scalping trading algorithm: The EA uses a unique scalping trading algorithm to enter and exit trades rapidly on your behalf.
- No martingale, grid, arbitrage or hedging elements: The EA does not use risky trading strategies like martingale, grid, arbitrage or hedging, which can reduce the risk associated with using automated trading tools.
- Optimized for M1 and M5 charts: The EA is optimized for short-term trading strategies and works best on the M1 and M5 charts.
- Rapid Forex scalper: The EA aims to generate small profits from multiple trades quickly.
- Recommended minimum account balance: The EA is recommended by the developer for traders with a minimum account balance of $200.
- Developed for Metatrader 4: The EA is specifically designed for use with Metatrader 4.
- Can be used on unlimited trading accounts: The EA can be used on unlimited trading accounts, both demo and live, and should work on any time frame.
Apex Scalper EA Settings
- Risk Setting- adjusts the risk settings for dynamic lot size, allowing you to manage your risk effectively.
- Choose Money Management- lets you select between fixed or dynamic lot management to determine how lot sizes are calculated for each trade.
- Order Offset- sets the space in pips to offset the order entry levels from the demand and provide zones to fine-tune the entry levels.
- Target Profit- determines the take profit level for each trade in pips, allowing you to set profit targets based on your trading strategy.
- BE Activation Pips- sets the number of profit pips required to activate the breakeven function.
- Initial Stop Loss- sets the initial stop loss level in pips, helping to limit losses in case a trade moves against you.
- Trailing Stop- sets the trailing stop in pips, which automatically adjusts the stop loss level if the trade moves in your favor.
- Number of Orders to Open- determines the number of orders with various take profit levels that the EA will open.
- Order Expiration Minutes- sets the expiration time of orders.
- Max Order Retry: sets the maximum number of attempts to enter or delete orders.
- Initial Balance: lets you specify the initial account balance that the EA can use for trading, allowing you to manage your risk and capital.
Apex Scalper EA Summary
In my opinion, the strength of the Apex Scalper EA is its ability to identify emerging areas of supply and demand in real-time, allowing it to enter positions at these levels. It provides a range of customizable settings that allow traders to manage their risk and fine-tune their trading strategy. Additionally, it works on both demo and live accounts and is developed for Metatrader 4.
However, it’s important to note that no forex trading robot can guarantee profits, and the Apex Scalper EA is no exception. It’s essential to demo-test the EA extensively and apply good risk management settings to minimize potential losses. Moreover, the developer recommended minimum account balance is $200, which may not be suitable for all traders.
Overall, the Apex Scalper EA is intended for traders who are looking for a fast-paced and dynamic trading strategy, but it’s essential to approach it with caution and apply good risk management practices.
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.
