The Tiger Fury Forex scalping robot is an RSI based Forex MT4 expert advisor, developed to scalp the currency market on the lower time frames.
- If the Tiger Fury EA’s value is less than BuyOp and its most recent value is greater than the previous one, then a buy is triggered by the EA.
- If the Tiger Fury EA’s value is greater than SellOp and its most recent value is less than its previous one, then a sell is triggered by the robot.
The ‘Test’ parameter within the expert advisor’s settings denotes the RSI’s period.
The EA made $254.46 profit on the EUR/JPY 1-minute chart from an initial deposit of $400.
The expert advisor can be deployed on any currency pair of your preference.
Default EA settings:
Take Profit: 50, lots: 0.1, risk percentage: 10, trailing stop: 50, max orders: 1, buyop: 29, sellop: 74, magic number: 777, test: 11, sethour: 0, set minute: 10
The default EA settings can be modified directly by editing the source code or changing the robot’s input values.
It’s highly recommended to test the expert advisor for MT4 on a demo account first before running it on a real Forex account.
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Strategy Tester Performance Report
Find below the strategy tester performance report for the Tiger Fury expert advisor attached to the EUR/JPY 1-minute trading chart.
Strategy Tester Performance Highlights
The MT4 expert advisor made a total profit of $254.46 ($400 initial deposit) from 5 trades during the initial testing period.
The largest winning trade generated $52.07 in profit, while the largest losing trade lost -$0.00.
See the test results report above for all details.
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Take Profit, lots, risk percentage, trailing stop, max orders, buyop, sellop, magic number, test, set hour, set minute
More Info About This Expert Advisor
Recommended Currency pairs: Any currency pair
Trading Platform: MT4
Time frames: M1-M15
Expert Advisor Type: Scalping
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.