CAP Prime Scalper EA

CAP Prime Scalper EA is a Forex scalping EA that uses a smart system to identify key breakout signals and then cuts as much profit as possible while minimizing loss. This EA is very simple to set up; simply enter a few parameters and it will operate automatically. It has multi-currency trading capabilities. The Virtual Mode enables you to make orders and set net profit levels without the use of a broker.

This Expert Advisor can be purchased from the MQL marketplace whilst there is a free demo version also available to give it a try before making any commitment. In this article, I will be taking a look at how the CAP Prime Scalper EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.

Breakout Scalping with CAP Prime Scalper EA

Breakout scalping is a trading strategy in forex that involves identifying a specific price level where the market is likely to break out and then entering and exiting trades quickly to capture small profits from the price movement. It is a high-frequency trading approach that aims to take advantage of short-term price fluctuations in the market.

The basic idea behind breakout scalping is to identify a key support or resistance level that has been tested several times, indicating that it is a significant level for the market. When the price breaks through this level, traders can enter a position in the direction of the breakout and then quickly exit the trade as soon as a small profit is made.

The CAP Prime Scalper EA examines market volumes and volatility automatically and tracks powerful supply and demand movements. It smoothly establishes breakeven levels and includes a smart method for partial closure of successful trades. It also has the option to halt trading prior to major news releases in order to prevent slippage and spread widening. In its function, it employs a fixed stop loss and a trailing stop of profitable trades.

It is important to note that breakout scalping is a high-risk strategy that requires a lot of experience and discipline. Having a good understanding of market dynamics and technical analysis, as well as the ability to make quick decisions and act fast to take advantage of short-term price movements is necessary. Scalping strategies require a forex broker with tight spreads, such as IC Markets who have spreads from 0.0 pips.

CAP Prime Scalper EA
CAP Prime Scalper EA

Input Parameters for CAP Prime Scalper EA

  1. Lots Management
    • LotsType – Select any of lots management type.
    • EquityPercent – Lot is chosen automatically based on percentage of the equity.
    • FixedLots – Fixed Lots.
    • UseMarginPercent – Lot is chosen automatically based on percentage of the full margin value. For example, if you set 100% then EA open lots size based on 100% of free margin.
    • XBalance – Lot will increase based on XBalance amount. Calculated as (Your Current Balance/XBalance * LotsizePerXBalance = Your current lots size).
    • LotsizePerXBalance – Lot size of XBalance.
  2. EA Configurations
    • TakeProfit – Take Profit (in points).
    • Initial StopLoss – Initial Stop Loss (in points).
    • Hidden StopLoss – Hidden Stop Loss (in points).
    • AskPriceShift/BidPriceShift – Parameter representing the breakout points shift value.
    • ATR Period – ATR Period.
    • Signal Frequency – Parameter representing the signal points. Increase value for better performance and less trades.
    • Volatility Scale – Volatility range for price analysis.
  3. Break Even Setting
    • Active Break Even – True/False.
  4. Trailing Stop Setting
    • Active Trailing – True/False.
  5. Split Lot Size Setting
    • SplitProfitLots – Enable profitable order division mode.
    • Start Split – Points of profit to start dividing a profitable deal.
    • Split Lots Percentage – Lots percentage for each profitable deal division.
  6. Time Configurations
    • Configure your trading time.
  7. Basic Configurations
    • Maximum Spread – Maximum spreads limit.
    • CloseOrderOnSpread – Delete pending order if Spreads reach Max Spreads.
    • Custom Commission (USD per lot) – Commission for per standard lot (not used by most of brokers).
    • SLWithSpreads – If true, Spreads will add with Stop loss.
    • ResetSLforSlippages – If true, stop loss will be reset if stop loss change for slippages.
    • Slippage – Maximum slippage value.
    • Magic – Magic Number.

Conclusion

CAP Prime Scalper EA could be a beneficial forex trading robot for traders who fancy breakout scalping. The developer of this robot has also shared some backtests for you to get an idea of how the CAP Prime Scalper EA has performed over recent years through different market conditions.

However, it is important to note that past performance does not guarantee good future results. Therefore, I would only test the CAP Prime Scalper EA on a demo account using a trial version to begin with. This would allow me to get a feel for how it works and see if it fits within my own trading style.

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