The FE Trend Scalper is not one of these heavily marketed Forex EA’s I normally review, but rather a modest EA that’s been produced by it’s German developers Andrew and Martin (both also traders… handy).
With 8 years of trading experience, they have mastered manual and automated trading. After testing over 300 EA’s and strategies they have learned what doesn’t work and what does, and it appears that FE Trend Scalper does, especially after my short time of testing it.
Their trading strategies are created to stand the test of time and back test successfully since the year 2000 using 99% accurate price data.
Once they successfully complete the back test phase they test their EA’s on live accounts over 3 months and if the results are 99% the same as the back tests, then they feel confident to let others and themselves use them.
FE Trend Scalper Features:
- EURUSD currency pair only
- 15 minute chart only
- Identifies the main trend first
- Trade entry occurs after the price bounces off a support level in the direction of the main trend
Let’s have a look to see how it gets on in the lab: