The Asia Scalper Pro EA is an automated trading robot that has been designed for use in the Forex market. However, before deciding to use the Asia Scalper Pro EA, it is important to understand its features, performance, and limitations.
In this article, we will provide a comprehensive review of the Asia Scalper Pro EA to help traders make an informed decision about whether to use this trading robot. By the end of this review, readers will have a clear understanding of the Asia Scalper Pro EA’s strengths, weaknesses, and overall performance, which will allow them to make a decision on whether to incorporate it into their trading strategy.
Asia Scalper Pro EA Strategy
Asia Scalper Pro EA is a MetaTrader 4 Expert Advisor that is designed for Forex Trading. It is a scalping type of robot that can perform trading transactions automatically for 24 hours x 5 days without any additional handling by the trader. The robot supports multiple trading pairs and works on all timeframes.
A noteworthy feature of Asia Scalper Pro EA is its ability to determine the distance in each Step OP. This means that the robot can calculate the optimal distance between orders to try to produce winning trades. Additionally, the robot can adjust the slippage. The Asia Scalper Pro EA can determine the amount of the initial lot and the next lot step OP. This allows traders to set their risk tolerance and adjust their position size accordingly. The robot also has an “auto lots multiplier” feature, which can be used to automatically increase or decrease the position size based on the current market conditions.
The robot can choose the desired trading time automatically. It allows traders to customize their trading strategy based on their preferences and schedule. The Asia Scalper Pro EA can be used on both 4 and 5-digit brokers, making it accessible to a wider range of traders. The developer recommends a minimum balance of $50 on a cent account.
Asia Scalper Pro EA Features
- MetaTrader 4 Expert Advisor
- Scalping type of robot
- Can perform Forex trading transactions automatically for 24 hours x 5 days
- Supports multiple pairs
- Works on all timeframes
- Can determine the distance in each Step OP
- Can adjust slippage
- Can determine the amount of initial lot and the next lot step OP
- Has an auto lots multiplier feature
- Can choose the desired trading time automatically
- Can be used in 4 or 5 digits brokers
Asia Scalper Pro EA Settings
- Lot size- The amount of currency to be traded in each transaction. Traders can determine the amount of initial lot and the next lot step OP, and use the auto lots multiplier feature to adjust the position size automatically.
- Slippage- The difference between the expected price of a trade and the price at which the trade is actually executed. The Asia Scalper Pro EA can adjust the slippage to ensure that orders are executed accurately.
- Magic number- An identification number that can be used to group trades made by the Asia Scalper Pro EA. This can help traders to manage and track their trades more easily.
- Take profit- The price level at which the Asia Scalper Pro EA will automatically close a profitable trade.
- Stop loss- The price level at which the Asia Scalper Pro EA will automatically close a losing trade.
Asia Scalper Pro EA Summary
The Asia Scalper Pro EA is a trading robot with the ability to perform Forex trading transactions automatically for 24 hours x 5 days, support multiple pairs, determine the distance in each Step OP, adjust slippage, and choose the desired trading time automatically. However, it also has some weaknesses that should be considered. Firstly, it requires careful configuration and optimization to ensure that it performs well. Secondly, it can be affected by market conditions, and its performance may vary depending on the volatility and liquidity of the market.
Demo testing the Asia Scalper Pro EA is recommended before using it on a live account, and applying good risk management settings is essential to manage potential losses. Traders should be aware that there are no guarantees with the Asia Scalper Pro EA, and that past performance is not necessarily indicative of future results. The cost of the Asia Scalper Pro EA is $70, and it can be used with 4 or 5 digits brokers.
Overall, traders who are considering using it should carefully evaluate its features, performance, and limitations before making a decision. It is important to perform demo testing and apply good risk management settings to ensure that the Asia Scalper Pro EA can be used safely.
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.