Luxor Scalping Robot

Luxor EA is an automated scalping system that works on all forex pairs. The EA isn’t available on the MQL marketplace, and you need to download it from third-party sources.

In this article, we’ll look at the Luxor EA, how it works, its strategy, features, and settings.

Luxor Scalping Robot Strategy

Luxor EA is an automated trading system designed to work on all forex pairs, but it has been tested and optimized for the EUR/USD, GBP/USD, and AUD/USD pairs. The system uses a scalping strategy and works best on the 5-minute and 15-minute timeframes.

The Luxor EA uses a grid strategy involving placing multiple orders at different price levels. This strategy allows the EA to work in both trending and range-bound markets. It places to buy and sell orders at a set distance from each other, creating a grid of orders.

When the market moves in one direction, the system closes the losing orders and keeps the profitable ones open.

Luxor EA has an option for ECN accounts. These accounts offer lower spreads and faster execution speeds than standard trading accounts but may require higher minimum deposits and have different trading rules.

When trading on an ECN account, the Luxor EA will use limit orders instead of market orders to enter and exit trades. This allows the system to take advantage of the lower spreads offered by ECN brokers and avoid slippage.

In addition, the Luxor EA has a feature for adjusting the maximum spread allowed for trade execution. This feature is important for ECN accounts because the spread can vary widely depending on market conditions.

The Luxor EA can avoid trading during high volatility by setting a maximum spread limit.

Luxor EA
Luxor EA

Luxor Scalping Robot Features

  • The EA works on all forex pairs but is best on EUR/USD, GBP/USD, and AUD/CAD.
  • It uses a grid trading strategy and works on only 5-minute and 15-minute timeframes.
  • It is only available for MT4.
  • The EA can be used with any forex broker platform and has an option for ECN accounts.
  • Luxor requires a minimum balance of $75.

Luxor Scalping Robot Settings

  • Lots – The default lot size is 0.01.
  • Min lot – The default lot size is 0.01.
  • Max lot – The default lot size is 2.
  • Risk – The default lot value is 1.
  • Maxtrades – The default value is 500.
  • Stoploss – The default value is 0.0.
  • Takeprofit – The default value is 0.0.
  • Trailingstop – The default value is 0.0.
  • Trailingstep – The default value is 0.0.
  • Breakeven – The default value is 0.0.
  • Breakevengain – The default value is 0.0.
  • Maxspread – The default value is 0.0.

Luxor Scalping Robot Summary

The Luxor EA uses a grid strategy. It is designed to work on all forex pairs but has been optimized for the EURUSD, GBPUSD, and AUD/USD pairs. The system is a scalping strategy that works on the 5-minute and 15-minute timeframes.

It uses a dynamic lot-sizing strategy and a trailing stop loss feature to optimize trade entries and exits. Additionally, the Luxor EA has an option for ECN accounts, which allows lower spreads and faster execution speeds. IC Markets are one of the best forex brokers for using scalping robots like this one because they have tight spreads, low commission fees and rapid trade execution speeds.

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