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True Scalper EA Free

The product is a free version of the Expert Advisor having the same name. Unlike the full version, the current one trades only a fixed lot with minimum volumes. The EA applies the trading algorithm based on a price movement to analyze the market status. TakeProfit and StopLoss values can be set manually or automatically by the EA. Positions are closed by a profit, time or after reaching TakeProfit or StopLoss level. The EA uses neither martingale, nor hedging and needs no complex setup. It is suitable for trading instruments with three or five decimal places and optimized for trading EURUSD M15.


Features

  • Ready to go without any particular setup.
  • It is possible to set the maximum spread size but not more than 20 points.
  • Trading in a certain day of week can be enabled.
  • Minimum initial deposit is $50.
  • The EA works best on EURUSD M15.
  • Supports any execution type.
  • Works on Standard and ECN accounts.


Advantages

  • Easy to use, no complex settings.


Parameters

  • Trade - trading settings.
  • M‌agic - EA's order magic number.
  • S‌lippage - slippage in pips. Recommended values are 0 to 3.
  • S‌topLoss - StopLoss value. If 0, the value is calculated and placed by the EA.
  • T‌akeProfit - TakeProfit value in pips. If 0, the value is calculated and placed by the EA.
  • M‌ax_Spread - maximum allowed spread size for opening positions, in points. If 0, the values does not exceed 20 points.
  • M‌ax_Lot - maximum allowed lot size.
  • T‌imeTrade - trading time settings.
  • O‌penHour - trading start hour.
  • O‌penMinute - trading start minute.
  • C‌loseHour - trading end hour.
  • C‌loseMinute - trading end minute.
  • MarketWatch - for the brokers that do not allow to set StopLoss, TakeProfit simultaneously with position opening.


Requirements

  • Recommended pair: EURUSD.
  • Timeframe: M15.
Tscheff
230
2018.02.05 23:58 
 

Very impressive EA. More gains than losses. Default value for lots (0.04) seems a little high and I personally like to set my own money management, but results speak for themselves. Currently testing other currency pairs (USDJPY and GBPUSD) and will update review eventually.

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Edit 05.02.18

either markets have changed or the EA's algo has been changed to the worse. Only losses since November, so switched it off

Eric
249
2018.01.13 19:44 
 

No relation between real trading and backtesting. Loses on forward.

Alice Seifert
281
2018.01.04 19:06 
 

Almost only losses ! It buys high and sells low, after the move is almost or completely over. Then positions are trapped in negative so most of them are closed in a loss. Don't use it on a real account. A waste of time.....

Andrey Litvichenko
7568
2017.10.20 06:50 
 

User didn't leave any comment to the rating

Tejas Lalit
367
2017.09.29 20:47 
 

Losses,!

Evgenii Bazenko
440
2017.08.24 07:06 
 

Много убыточных сделок.

Tjommas M
274
2017.08.16 22:46 
 

One month of testing on 2 accounts, same broker with same server and mql5 vps. Very different results on the 2 accounts, 1 wins and 1 loses. Or the strategy is very mysterious, or the ea cheats in backtest and is just a random trader on live trading... And this explains why the author has no signal to show.

I don't trust it at all !

jeff.levin
58
2017.08.16 18:43 
 

Testing looks good

mountman
44
2017.08.13 10:56 
 

Eats like black bamba

Aleksej Kravcenko
1550
2017.08.11 23:07 
 

User didn't leave any comment to the rating

Nork
6022
2017.07.22 18:57 
 

User didn't leave any comment to the rating

Ali irwan
5195
2017.07.19 06:59 
 

Good job

Hermann Meindl
213
2017.07.15 11:29   

The EA is the total scrap. I do not understand people who offer such a crap.

Andrey Koshkin
381
2017.07.13 13:19 
 

Торговал месяц, общий результат- минус

Contao
156
2017.07.05 13:48 
 

User didn't leave any comment to the rating

Mohammad Soubra
33379
2017.06.28 09:12 
 

great

Nikolay Gaylis
6928
2017.06.26 23:51 
 

User didn't leave any comment to the rating

Gary Stephenson
416
2017.06.20 19:01 
 

User didn't leave any comment to the rating

Sūn Wāng
81
2017.06.05 16:55 
 

User didn't leave any comment to the rating

Moosa
106
2017.05.31 19:54 
 

User didn't leave any comment to the rating

Evgen Babych
462
2017.05.25 09:43 
 

Обалденный робот!

Очень доволен им. Сам он конечно не очень торгует, но направление указывает верное, так что если корректировать его, то отличный результат дает.

СПАСИБО огромное автору!!

David Diez
449
2017.05.21 15:10 
 

Seems to work well with EURUSD on short timeframes but no other majors, just a small profit on USDCHF.

Also gives profit on XAUUSD M5 with TP100&SL1000 config.

Backtested on January 2017, next week going on forward test.

Vaulin
339
2017.05.08 13:50 
 

Проверил версию 2.0 на демо-счете. Результаты и мониторинг счета здесь - http://www.forexeadvisor.ru/sovetnik-true-scalper-ea-free.html

Vyacheslav Korolev
13638
2017.05.05 13:50 
 

User didn't leave any comment to the rating

Fabio Oliveira
151
2017.04.21 03:03 
 

User didn't leave any comment to the rating

Loris Pezzetta
344
2017.04.14 16:11 
 

wow

Md Monir Hossain
258
2017.04.01 11:35   

Testing

khuanloredo
127
2017.03.19 08:00 
 

Buena capacidad!

Version 7.0 - 2018.01.31
Removed the prohibition of trading on timeframes above H1.
Version 6.0 - 2018.01.10
Added prohibition of trading on the days of USD and EUR interest rate announcement.
Version 5.0 - 2017.10.11
Modified the market entry algorithm.
Version 4.0 - 2017.06.12
Removed the Max_Lot input parameter.
Version 3.0 - 2017.04.27
Added new input: MarketWatch.
Version 2.0 - 2017.03.30
Added market news filtering, namely, trading is stopped before the release of high-impact news.