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Product Published or Updated on July 1, 2024

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Description

Elite Forex Scalper V6.2

The Elite Forex Scalper EA V6.20 MT4 is a fully automated trading software designed for the MetaTrader 4 platform. It executes trades without human intervention, making trading stress-free and efficient. The EA is aimed at achieving consistent profits by following a predefined strategy, requiring minimal manual intervention, and is suitable for both beginners and experienced traders.

Automation and Ease of Use

The Elite Forex Scalper EA operates autonomously, analyzing charts, placing trades, and managing positions. This makes trading not only efficient but also stress-free. The software is user-friendly, requiring minimal manual intervention, which makes it an ideal choice for both novice and experienced traders. With the Elite Forex Scalper EA, you can focus on other activities while the software takes care of your trading.

Key Features

The Elite Forex Scalper EA V6.20 MT4 offers several key features that make it a powerful tool for trading:

  • Automated Trading: The EA opens and closes trades automatically based on its programmed logic, eliminating the need for constant monitoring.
  • Scalping Strategy: Focuses on short-term trades to capitalize on small price movements, aiming for quick profits.
  • EURUSD Pair: Primarily trades the EURUSD currency pair, known for its liquidity and volatility.
  • Timeframes: Works effectively on the M1 (1-minute) and M15 (15-minute) timeframes, providing flexibility in trading strategies.

Trading Strategy

The Elite Forex Scalper EA employs a scalping strategy. Here’s how it takes trades:

Entry Criteria

  • Moving Averages (MA): The EA monitors short-term and long-term MAs to identify potential trade opportunities.
  • Price Action: It identifies breakouts, reversals, or trend continuations to determine the best entry points.
  • Volatility: Reacts to sudden price movements to capitalize on market fluctuations.

Trade Execution

  • Buy (Long): When the short-term MA crosses above the long-term MA, confirming bullish price action during low volatility periods.
  • Sell (Short): When the short-term MA crosses below the long-term MA, confirming bearish price action during low volatility periods.

Risk Management

  • Stop Loss (SL): Placed below recent swing lows/highs to minimize potential losses.
  • Take Profit (TP): Set at predefined levels based on a risk-reward ratio to lock in profits.
  • Trailing Stop: Adjusted as the trade progresses to secure gains while minimizing risk.

Minimum Deposit and Setup

To start using the Elite Forex Scalper EA V6.20 MT4, consider the following:

  • Broker Account: Fund your MT4 broker account with a minimum deposit of $1000 to ensure sufficient margin for trading.
  • VPS Setup: Set up your MT4 account on a Virtual Private Server (VPS) for uninterrupted trading, ensuring the EA runs 24/7 without downtime.

The EA aims for consistent profits, but individual results may vary based on market conditions and trading settings.

Specifications

Feature Description
Trading Pairs EURUSD
Timeframes M1, M15
Strategy Scalping
Indicators Used Moving Averages, Price Action, Volatility
Automation Level 100% Automatic
Minimum Deposit $1000
Risk Management Stop Loss, Take Profit, Trailing Stop
Platform MetaTrader 4

Brand

EA MT4

Refund

Refund and Replacement Policy

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1. Digital Product Nature: Our products are exclusively digital, encompassing downloadable software, e-books, templates, and other digital content. As these products are intangible and delivered electronically, physical returns are not applicable.

2. Refund Eligibility: Given the inherent nature of digital products, standard refunds are generally not offered post-purchase. We encourage you to thoroughly review the product description, features, and compatibility information before making a purchase decision.

3. Defective Products: In the rare event that you receive a defective product, we are committed to addressing the issue promptly and professionally. If you encounter a problem, such as technical glitches or errors on our part, please contact our Customer Support team within [number of days, e.g., 14 days] from the purchase date.

4. Replacement or Refund for Defective Products: Upon verification of a legitimate defect, we offer the option to either replace the faulty product with another one of your choice or initiate a refund. Your satisfaction is our priority, and we strive to resolve issues related to product defects in a fair and efficient manner.

5. Technical Issues: If you face technical challenges hindering your access to or use of the purchased digital product, please reach out to our Customer Support team for assistance. We are dedicated to resolving technical issues promptly to ensure your satisfaction.

6. Refund Process: If a refund is approved due to a verified product defect, we will process it using the original payment method. Refunds may take 1-3 days to reflect in your account.

7. Contact Us: For any queries or concerns regarding our Refund and Replacement Policy, please contact our Customer Support team. You can reach us via telegram support or contact form. We are here to assist you and address any issues you may encounter.

By purchasing and downloading our digital products, you acknowledge and agree to adhere to the terms outlined in this Refund and Replacement Policy. We recommend reviewing this policy thoroughly before making a purchase. Your trust is important to us, and we are dedicated to delivering exceptional products and services.

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Install

The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).

This is the easiest type of installation for Expert Advisors.

This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.

Copy the EA folder content from your product to the EA folder of your MT4 installation.

 

Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.

Responsability

Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.

Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.

Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.

A crucial reminder: Always conduct thorough backtesting before deploying any strategy with a live trading account.

Kindly refrain from requesting recommendations for an EA; base your purchase decisions on the available information.

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1 review for ELITE FOREX SCALPER V6.2

  1. admin (store manager)

    Great EA, recommended

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