The Impact ScalpX MT4 EA is a scalping Expert Advisor designed to analyse the market with the help of indicators. This EA is known for its speed and precision in identifying market trends and executing trades within a matter of seconds according to the developer. It has been designed to capitalize on small price movements, high-volume trading.
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One of the standout features of this EA is its ability to generate opportunities even on very small deposits. Additionally, the EA boasts a low maximum drawdown when trading, further enhancing its appeal to traders. The EA can also operate on a range of account types, including those with a decent spread.
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Impact Scalpx EA Strategy
The EA uses a combination of technical analysis tools to identify potential trading opportunities. The EA then deploys a grid trading strategy to execute trades based on these indicators, which is a dangerous strategy used in the financial market by the traders.
This involves opening multiple positions at different price levels, with each position protected by a stop loss order. The EA also utilizes a trailing stop feature that follows the price movements of each trade.
Impact Scalpx EA Features
- The Impact ScalpX EA has a minimum account balance requirement of $100 to start trading, according to the developer.
- The EA is designed to work with various currency pairs, not limited to EURUSD, allowing users to diversify their trading strategies.
- The EA works best on H1 timeframes, providing traders with a longer-term perspective to make informed trading decisions.
Impact Scalpx EA Settings
- A Trading_Mode
- TrendMode Reversal
- CSFilter 100
- B SignalTF
- SStrength 1 Minute
- STrigger 1 Minute
- C Money_Management
- UseMM false
- RiskPercent 1.0
- FixedLotsSize 0.01
- MaximumLots 100.0
- MaxSpreadPlusCommission 15.0
- D New_order_Option
- MBuy 10
- MSell 10
- E Entry_Point
- Pending Distance 5
- Pipstep 50
- StopLoss 500
- HiddenStopLoss 500
- F Exit_Point
- TrailingStop 5
- TrailingStart 5
- Slippage 3
- MagicNumber 1
- MagicNumber2 2
- ApplySecondsinterval 5
- NewsFilter true
- MinBeforeNews 10
- MinAfterNews 10
- NewsImpact HighNews
Impact Scalpx EA Summary
Overall, the Impact ScalpX EA is known for its speed and precision in executing trades within seconds, where it tries to aim for capitalizing on small price movements and high-volume trading. However, it’s worth noting that the EA deploys a grid trading strategy which involves opening multiple positions at different price levels.
Additionally, it’s essential to keep in mind that there is no guarantee of profits when using the Impact ScalpX EA, as forex trading is inherently risky and subject to market volatility. Therefore, it’s crucial to test the EA thoroughly on a demo account before using it on a live account with real money.
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