WE HAVE DISABLED THE ADD TO CART BUTTON, BECAUSE THIS EXPERT ADVISOR IS NO LONGER WORKING, PLEASE SEARCH FOR ( TESTED ON 1420 ) IN THE MENU, THOSE ARE THE ONLY EAS CURRENTLY WORKING FOR MT4. ANYWAY WE ARE WORKING TO RECOMPILE AND MAKE THEM WORK AGAIN SOON.
The PFX Forex Scalper EA is an expert advisor intended by the developer to help traders navigate the fast-paced and volatile world of forex markets. In this comprehensive review of the PFX Forex Scalper EA, we will examine the features, performance, and user experience of this popular trading robot. By the end of this review, you will be able to make an informed decision about whether the PFX Forex Scalper EA is the right tool for your trading needs.
PFX Forex Scalper EA Strategy
The PFX Forex Scalper EA is an expert advisor developed for the MT4 trading platform and designed to trade multiple currency pairs simultaneously. It is specifically optimized to scalp short-term market moves found on the M1 and M5 time frames, using market trends and other fundamental forex systems.
The PFX Forex Scalper is a specialized trading system that is optimized for the EUR/USD currency pair, though it has the potential to perform well with other pairs as well. This EA is optimized for lower time frames such as M1, M5, and M15, making it ideal for traders who prefer shorter trading timeframes.
The developer of the PFX Forex Scalper recommends a minimum account balance of $200 for optimal performance. Additionally, this system can be used on unlimited demo accounts, allowing traders to test its effectiveness and gain confidence before using it on live accounts.
However, the PFX Forex Scalper EA also has some weaknesses that traders should consider. It may be too risky for some traders, especially those who are new to the forex market or who prefer longer-term trading strategies. Another weakness to consider is that scalping strategies rely on quick and frequent trades, which can be vulnerable to sudden market volatility. Rapid price movements or unexpected news events can result in significant losses as the EA attempts to execute trades at high frequency, potentially leading to increased drawdowns or losses.
Before running the PFX Forex Scalper EA on a live trading account, it is recommended to test it on a demo account first over an extended period of time. This will allow traders to assess the EA’s performance and verify its profitability and risk management capabilities.
PFX Forex Scalper EA Features
Simultaneous trading of multiple currency pairs
It is optimized for short-term market moves on M1 and M5 time frames
It makes use of market trends and other fundamental forex systems
The ability to work on any time frame, including higher ones
The flexibility to adapt to different trading styles and risk tolerance levels
It’s compatibility with unlimited trading accounts, both demo and live
It had risk management capabilities to control drawdown and preserve capital
It’s built-in stop loss and take profit orders to manage trades
It’s automatic entry and exit based on predefined trading rules
It’s user-friendly interface for easy customization and monitoring
Regular updates and support from the developer
PFX Forex Scalper EA Settings
Count average spread: Calculates the average spread for the selected currency pairs to ensure accurate trading conditions.
Count average execution: Determines the average time it takes for orders to be executed to fine-tune the EA’s performance.
Slippage: Sets the acceptable deviation in price between the order placement and execution to prevent losses.
Lot setting: Configures the EA to trade a fixed lot size or use a percentage of the account balance for each trade.
Lots: Sets the minimum and maximum lot sizes for each trade to manage risk and control exposure.
Maximum trades: Limits the number of open trades simultaneously to avoid overtrading and reduce drawdown.
Use trailing-stop: Activates a dynamic stop loss that adjusts according to the market’s movements to lock in profits and minimize losses.
Brand
EA MT4
Refund
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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.
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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.
admin (store manager) –
Excelent Bot, recommended