PFX Forex Scalper EA V2.07 MT4 – The Ultimate Guide to Profitable Scalping

The forex market is a dynamic battlefield where milliseconds matter and price action dictates success. In this competitive environment, having the right automated trading system can give traders an edge. One such expert advisor (EA) gaining popularity is the PFX Forex Scalper EA V2.07 for MetaTrader 4 (MT4). Designed specifically for high-frequency, short-term trades, this scalping EA is tailored for traders who demand speed, precision, and consistency.

In this comprehensive review, we dive deep into what makes PFX Forex Scalper EA V2.07 unique, how it operates, recommended settings, compatible currency pairs, and most importantly — how it can elevate your trading strategy in 2025.

What is PFX Forex Scalper EA V2.07 MT4?

PFX Forex Scalper EA V2.07 is an advanced expert advisor (automated trading software) built for the MT4 platform. It uses a proprietary scalping strategy that capitalizes on short-term market inefficiencies, executing trades with pinpoint timing and minimal exposure to market risk.

The EA is an updated version of the original PFX Forex Scalper, incorporating improved algorithms, optimized risk management, and enhanced performance for modern market conditions. V2.07 includes several fixes and enhancements based on feedback from professional scalpers and backtesting data.

Key Features of PFX Forex Scalper EA V2.07

Let’s explore the core features that make this EA a go-to tool for scalpers:

Precision Scalping Algorithm

The EA is designed to open and close trades within minutes, capitalizing on small price movements that occur frequently during volatile sessions. It uses a mix of price action, micro-trend detection, and smart volatility filters to avoid fakeouts.

Built-in News Filter

Scalping during high-impact news events can be risky. This EA includes a built-in news filter that disables trading during major economic releases to prevent unnecessary losses.

Low Drawdown Strategy

Unlike many aggressive scalping bots that expose accounts to high risk, PFX Forex Scalper EA V2.07 is engineered to maintain low drawdowns by limiting lot sizes and using strict SL/TP levels.

Broker Protection & Stealth Mode

The EA hides SL and TP from the broker by using virtual settings. This helps prevent broker-side manipulation — a must-have feature for serious scalpers.

Spread & Slippage Control

The EA automatically stops trading if the spread exceeds a certain threshold or if slippage conditions are unfavorable. This protects the trader from entering bad trades during volatile spreads.

Multi-Timeframe Strategy

While the EA works on a specific chart timeframe (usually M1 or M5), it internally analyzes multiple timeframes to determine momentum and direction.

Minimum Deposit Requirements

The recommended minimum deposit for using PFX Forex Scalper EA V2.07 is $300. However, traders seeking more scalability and lower risk per trade are encouraged to start with $500 or more.

For cent accounts, a starting balance of 30,000 cents ($300 equivalent) is ideal for proper money management.

Best Timeframe for Trading

The EA is optimized for M1 (1-minute) and M5 (5-minute) charts. These low timeframes are perfect for scalping as they capture fast market moves.

Here’s how to use the timeframes effectively:

M1 Chart: Ideal for high-frequency scalping and ultra-fast entries.
M5 Chart: Best for slightly longer trades with more confirmation, suitable for volatile pairs.

Most traders use the M1 chart for major pairs like EUR/USD and GBP/USD to maximize opportunities.

Recommended Currency Pairs

PFX Forex Scalper EA V2.07 works best on major currency pairs due to their tight spreads and high liquidity. The most recommended pairs are:

EUR/USD
GBP/USD
USD/JPY
EUR/JPY
USD/CHF

You can also use it on other pairs, but it’s crucial to check the broker’s spread and slippage conditions before applying the EA.

Broker Requirements

For the best results, use this EA with a low-spread ECN broker that allows scalping and provides fast execution. Here’s what to look for in a broker:

Raw/ECN spread accounts
Leverage 1:100 or higher
Fast execution speed (below 100ms)
No dealing desk
Compatible with MT4 platform

Popular brokers for scalping with this EA include IC Markets, Pepperstone, FP Markets, and RoboForex.

Installation & Setup Guide

Here’s a step-by-step guide to installing the PFX Forex Scalper EA V2.07 on MT4:

Download the EA and extract the .ex4 or .mq4 file.
Open MetaTrader 4.
Navigate to File > Open Data Folder > MQL4 > Experts.
Paste the EA file into the Experts folder.
Restart MT4 or refresh the Navigator panel.
Drag the EA to your desired chart (EUR/USD M1 or M5).
Enable AutoTrading.
Set your parameters (lot size, risk, news filter, etc.).
Start trading!

Recommended Settings

While the EA comes with optimized default settings, here are some suggested tweaks for better performance:

Lot Size: Use 0.01 per $300 balance.
Max Spread: Set to 2.0 or lower.
Slippage: 3 pips max.
Stealth Mode: Enabled.
News Filter: Enabled (delay 5 mins before/after event).
Trade Time Filter: Enable trading during London and New York sessions for maximum volatility.

Always backtest or use on a demo account first before applying to live trades.

Backtesting & Live Results

The EA has shown impressive backtesting results across several brokers. Here’s a quick snapshot:

Pair	Timeframe	Period	Win Rate	Drawdown	Profit Factor
EUR/USD	M1	1 Year	81%	7.3%	2.45
GBP/USD	M1	6 Months	79%	6.8%	2.12
USD/JPY	M5	1 Year	76%	5.4%	2.01

These stats may vary based on broker conditions, VPS latency, and slippage, so it’s crucial to test in real-time environments as well.

Pros and Cons

Let’s weigh the strengths and weaknesses of PFX Forex Scalper EA V2.07.

Pros

Accurate short-term entries
Fast order execution
Compatible with most major brokers
Built-in risk control & stealth mode
News filter enhances safety

Cons

Not suitable for beginners unfamiliar with scalping
Requires a reliable VPS or stable internet
May underperform during ranging markets or low liquidity hours

Tips for Optimal Use

To maximize the EA’s potential, follow these tips:

Use a VPS with low latency to your broker’s server.
Avoid weekends and major news events unless you disable trading.
Do not interfere manually with trades — let the EA do its job.
Regularly update to the latest version.
Withdraw profits periodically and adjust risk accordingly.

Is PFX Forex Scalper EA V2.07 Right for You?

If you’re a trader looking for consistent intraday profits with minimal time commitment, this EA is a solid addition to your trading arsenal. It’s especially suited for:

Traders who understand scalping mechanics
Traders with access to low-spread brokers
Those who can maintain stable MT4 uptime (preferably via VPS)

It’s not recommended for those looking for long-term swing trades or traders with high-latency internet.

Final Verdict

The PFX Forex Scalper EA V2.07 MT4 is a high-performance, fully-automated scalping robot that delivers excellent results when used under the right conditions. With a robust scalping strategy, tight risk controls, and enhanced stealth features, it provides traders with a competitive edge in today’s lightning-fast forex markets.

As with all EAs, success ultimately depends on proper setup, market understanding, and discipline. Always demo test and review performance before scaling up. With smart deployment, PFX Forex Scalper EA V2.07 could be your key to consistent scalping profits in 2025 and beyond.

Disclaimer: Forex trading carries risk. This blog does not offer financial advice. Always trade responsibly.

PFX Forex Scalper EA V2.07