Description
Wall Street Scalper V2.3 EA MT4: A Scalping Robot for US30 Trading
The Wall Street Scalper V2.3 EA MT4 is an Expert Advisor (EA) designed for scalping trading on the popular US Wall Street 30 index (US30). Below, I’ll provide essential details about this EA, including its strategy, minimum deposit, recommended currency pair, and operational considerations.
Strategy Overview
- Strategy: The Wall Street Scalper V1.3 EA MT4 employs a scalping strategy, aiming to profit from short-term price fluctuations on the US30 index.
- Risk Management: The EA avoids risky methods such as grid trading, martingale, or topping up. Each trade includes a Stop Loss and Take Profit.
- Optimization: The Expert Advisor is fully optimized and ready for use.
- Testing: It has undergone extensive testing on both real and demo accounts.
- Profit/Risk Ratio: Keep in mind that scalpers may experience drawdown periods of up to 30% when targeting higher Profit/Risk ratios.
Key Parameters
- Minimum Deposit:
- While the EA doesn’t specify a fixed minimum deposit, it’s advisable to start with a reasonable amount based on your risk tolerance. Consider a deposit of at least $500 to $1,000.
- Time Frame:
- The Wall Street Scalper V1.3 EA MT4 operates on the M15 (15-minute) chart.
- It’s essential to monitor its performance consistently during trading hours.
- Currency Pair:
- The EA is specifically designed for the US30 index (Wall Street 30).
- Ensure you’re trading this index on your MetaTrader 4 platform.
- Broker and Spread:
- Use a broker with a low spread for optimal results.
- The EA performs best when the spread is minimal.
How the EA Takes Trades
- Entry Criteria:
- The EA identifies scalping opportunities based on its algorithm.
- It considers price movements, technical indicators, and market conditions.
- Exit Criteria:
- Each trade has predefined Stop Loss and Take Profit levels.
- The EA closes positions automatically when these levels are reached.
- News Filter:
- You can enable the News Filter option to avoid trading during major news releases.
- Configure the filter settings according to your preference.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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