Master Scalper Pro EA

Master Scalper PRO EA for Metatrader 4 is a fully automated Forex trading robot designed to profit from currency market scalping.

In this article, I will be taking a look at how the Master Scalper Pro EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.

Scalping with Master Scalper Pro EA

The Master Scalper Pro EA employs a proprietary trading method to identify quick scalping opportunities that may arise throughout the trading sessions. For maximum profit, you may want to use this scalping robot on currency pairs with lower spreads.

Trend scalping is a popular trading strategy that involves taking advantage of short-term price movements in the direction of a larger trend. The goal of this strategy is to make small profits on multiple trades, with each trade lasting just a few minutes to a few hours.

Here’s how the trend scalping strategy works:


  1. Identifying the trend: The first step is to identify the direction of the larger trend. This can be done by looking at the price chart and analyzing the price movements over a longer period of time.
  2. Identifying the entry points: Looking for entry points where trades can be placed in the direction of the trend. This can be done by analyzing shorter-term price movements and looking for pullbacks or breakouts.
  3. Setting stop-loss and take-profit orders: To manage risk, setting stop-loss orders to limit potential losses in case the trade goes in the other direction. Take-profit orders can also be set to lock in profits.
  4. Managing the trade: Monitoring the trades closely after entering and being ready to exit if the trend starts to reverse.
  5. Repeating the process: Trend scalping is a high-volume trading strategy, so it involves making multiple trades in a short period of time.

Pros of scalping

  1. High potential for profits: Scalping offers the potential for high returns since traders aim to profit from multiple small price movements in a short period.
  2. Quick trades: Scalping involves quick trades that can be executed in seconds or minutes, making it an ideal strategy for those who don’t have the patience for long-term trades.
  3. Tight stops: Scalpers use tight stop-loss orders, which limit their risk exposure, and can minimize losses if the trade goes against them.

Cons of scalping

  1. High transaction costs: Since scalpers make multiple trades, the transaction costs can add up quickly, eating into their profits.
  2. Requires discipline: Scalping requires strict discipline, including strict risk management, patience, and the ability to stick to a trading plan.
  3. Requires advanced skills: Scalping requires advanced technical analysis skills, fast reaction times, and excellent money management skills to be successful.
Master Scalper Pro EA
Master Scalper Pro EA

Master Scalper Pro EA Input Parameters & Configurations

By going to the EA’s “Inputs” tab, you can change the following input parameter values:

  • Lot size.
  • Lot multiplier.
  • Price gap.
  • Use money management.
  • Risk percentage.
  • Maximum daily profit amount.
  • Maximum daily loss amount.
  • Exit strategy.
  • Trailing settings.

Conclusion

In conclusion, the Master Scalper Pro EA uses scalping strategy to automatically execute trades for traders. Scalping can be a highly profitable trading strategy, but it requires strict discipline, advanced skills, and a high tolerance for risk. Traders who are comfortable with the fast-paced nature of scalping may find the Master Scalper Pro EA interesting and beneficial.

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