The True Scalper MT4 expert advisor uses the EMA and RSI technical indicators to execute automatic Forex trades in your account when the trading strategy conditions are met.
The EA uses a default RSI value of 50 and includes a money management component.
It’s a fully automated Forex robot that trades any currency pair and time frame.
Based on the True Scalper tester report, the robot seems to be profitable on the EUR/USD H4 chart.
Naturally, you can try the robot on any other pair of your preference.
However, it’s advised to deploy the robot on low spread pairs only to get the most profit out of it.
Default EA settings:
Lots: 1.0, stop loss: 90, take profit: 44, maximum slippage: 3
All default True Scalper robot 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 True Scalper 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 MT4 strategy tester performance report for the True Scalper MT4 expert advisor attached to the EUR/USD H4 chart.
Strategy Tester Performance Highlights
The True Scalper Forex Profit MT4 expert advisor made a total profit of $1124.40 from 142 trades during the test period.
The largest winning trade generated $132.54 in profit, while the largest losing trade lost -$274.95.
See the test results report above for all details.
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Lots, stop loss, take profit, RSI method A, RSI method B, money management, risk, break even, maximum trades per pair, slippage, magic number.
More Info About This Expert Advisor
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: scalper
Copy and paste the expert advisor in the MT4 experts data folder.
Then restart the MT4 terminal and attach it to any chart.