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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 EA only trades a fixed lot with the minimum volume. It uses a trading algorithm based on the price movement for analyzing the market conditions. 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. Suitable for trading instruments with three or five decimal places. Optimized for trading EURUSD M15.


Peculiarities

  • 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.
  • It works best on the 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.
  • Average_Ratio - lot multiplier for averaging orders. Recommended values are 1 to 5.


Requirements

  • Recommended pair: EURUSD.
  • Timeframe: M15.
Suresh Machinewala
26
Suresh Machinewala 2018.08.16 21:41   

Why u not give setup (Preset) file / what perametar i use ??

billz01
313
billz01 2018.07.08 06:10 
 

not ok

Dinand
69
Dinand 2018.06.28 20:18 
 

One of the few expert advisor that realy makes profits in time.

Matthew Todorovski
12121
Matthew Todorovski 2018.05.10 14:02 
 

User didn't leave any comment to the rating

etan aliou
83
etan aliou 2018.04.26 09:18 
 

1 month testing more profit

Sheikh Mohammad Mosabbir Hossain
225
Sheikh Mohammad Mosabbir Hossain 2018.04.25 17:05 
 

Testing is good, but real trade is too risky :) my rating only for testing on demo. now i decide that your robot totally fake, fraud system, i found in my account just real 20$ lost, 0.01 lot, all order just worst.

Nurettin Kilincarslan
643
Nurettin Kilincarslan 2018.03.31 16:08 
 

No live signal means it doesn't work ... Don't trust EAs without a live signal !

4163383
14
4163383 2018.03.12 18:08 
 

Olá queria saber se podia envia-me a versão do true scalper ea versão 0.7 essa sim é de longe a melhor versão para email leandro1924@live.com.pt obrigado desculpe lá o inconveniente. a versão anterior a esta

Somkit Jarotram
123
Somkit Jarotram 2018.03.09 10:35   

Parameters

  Not have 

M‌ax_Lot - maximum allowed lot size.

Can i edit minimum lot size?

anezka novak
47
anezka novak 2018.03.07 11:18 
 

not impressive, too much operation.

Chantal roux
86
Chantal roux 2018.03.04 13:12 
 

win but now small loss, very thanks for share

Tscheff
247
Tscheff 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.

-------------

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

Alice Seifert
281
Alice Seifert 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
7582
Andrey Litvichenko 2017.10.20 06:50 
 

User didn't leave any comment to the rating

Tejas Lalit
338
Tejas Lalit 2017.09.29 20:47 
 

Losses,!

Evgenii Bazenko
439
Evgenii Bazenko 2017.08.24 07:06 
 

Много убыточных сделок.

Tjommas M
244
Tjommas M 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
100
jeff.levin 2017.08.16 18:43 
 

Testing looks good

mountman
44
mountman 2017.08.13 10:56 
 

Eats like black bamba

Aleksej Kravcenko
1665
Aleksej Kravcenko 2017.08.11 23:07 
 

User didn't leave any comment to the rating

Nork
6068
Nork 2017.07.22 18:57 
 

User didn't leave any comment to the rating

Ali irwan
5166
Ali irwan 2017.07.19 06:59 
 

Good job

Hermann Meindl
215
Hermann Meindl 2017.07.15 11:29   

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

Andrey Koshkin
343
Andrey Koshkin 2017.07.13 13:19 
 

Торговал месяц, общий результат- минус

Contao
154
Contao 2017.07.05 13:48 
 

User didn't leave any comment to the rating

soubra2003
31843
soubra2003 2017.06.28 09:12 
 

great

Nikolay Gaylis
8874
Nikolay Gaylis 2017.06.26 23:51 
 

User didn't leave any comment to the rating

Gary Stephenson
362
Gary Stephenson 2017.06.20 19:01 
 

User didn't leave any comment to the rating

fds
80
fds 2017.06.05 16:55 
 

User didn't leave any comment to the rating

Moosa
105
Moosa 2017.05.31 19:54 
 

User didn't leave any comment to the rating

Evgen Babych
439
Evgen Babych 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
441
David Diez 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
228
Vaulin 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
15828
Vyacheslav Korolev 2017.05.05 13:50 
 

User didn't leave any comment to the rating

Fabio Oliveira
162
Fabio Oliveira 2017.04.21 03:03 
 

User didn't leave any comment to the rating

Loris Pezzetta
348
Loris Pezzetta 2017.04.14 16:11 
 

wow

Md Monir Hossain
291
Md Monir Hossain 2017.04.01 11:35   

Testing

khuanloredo
186
khuanloredo 2017.03.19 08:00 
 

Buena capacidad!

Version 9.0 2018.06.21
Added the Average_Ratio input parameter.
Version 8.0 2018.03.08
Corrected the operation algorithm of the module responsible for analysis of the currency pair's "overbought - oversold" states.
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.