I’ve acquired myself a copy of Smart FX Technology’s: Master Trader EA. It’s a scalping forex robot that trades 5 pairs, has a news filter and was voted one of the best EA’s in 2011.
Master Scalper Essentials:
- Pairs EURAUD, EURCAD, EURCHF, EURGBP & USDJPY
- M1 chart
- 80%+ win rate
- Take Profits are calculated dynamically to maximize profit
- Stop Losses are fixed
- News filter included (updates every 15 mins)
- Closes trades close to Friday to prevent open weekend trades
Test 1: Vendor Strategy Test
2007-2011 EURCHF Strategy Test results using low risk settings.
View full 2007-2011 Master Scalper Strategy Tester results
Currently running Master Scalper on Alpari UK, testing started on 30th January 2011. Current results are as follows:
| Current Floating Profit ($) | Total Balance ($) | |||
| -6.00 | 5465.77 | |||
| View our Master Scalper Demo Test Statement | ||||
Lab Result:
Strange, scalper system with no trades as of yet. Must be picky!!!
Yes, it has news filter and no trade days filter so theoreticaly it should be safe. However in the beggining of the year it performed very badly and made huge DD so I decided don’t use it because I prefer more conservative trading. According other traders it can make good profit but if it’s able to lose everything within a blink of an eye it’s not funny. And also a big issue it leaves trades open for the weekend. You can set it to don’t do that but a scalper shouldn’t do that even with default settings. Just imagine when you have 6-8 open trades for the weekend. Big risk!
L.: Beeing honest. it seems to be you didn’t inspected the Settings carefully – didn’t you?.
if you had – then you would know that you could avoid Trades on Friday. you could do every you want. you could also minimize the trades. you could minimize the pct risk. you don’t have to use M1,M5,… .
So from the Settings no issues. Just go more detailed through and have a look to the Poss.
.
Version 10 has now better Exit Strategy.
Best regards
Max