Elite Forex Scalper v6.20 1420+

Package Includes: expert.ex4 

Original seller: https://eliteforexscalper.com

Elite Forex Scalper EA V6.20 MT4 is a fully automated Forex trading software that operates directly on your MetaTrader 4 (MT4) platform. It executes trades without human intervention, analyzing and managing them strategically. Whether you’re a beginner, investor, or trader seeking passive income, this solution simplifies trading, aiming for consistent profits.

Key Features

• Automated Trading: The EA opens and closes trades automatically based on its programmed logic.
• Scalping Strategy: Focuses on short-term trades to capitalize on small price movements.
• EURUSD Pair: Primarily trades the EURUSD currency pair.
• Timeframes: Works effectively on the M1 (1-minute) and M15 (15-minute) timeframes.

Strategy

The Elite Forex Scalper EA V6.20 MT4 employs a scalping strategy. Here’s how it takes trades:

1. Entry Criteria:
   • Moving Averages (MA): The EA monitors short-term and long-term MAs.
   • Price Action: It identifies breakouts, reversals, or trend continuations.
   • Volatility: Reacts to sudden price movements.
2. Trade Execution:
   • Buy (Long):
     • When short-term MA crosses above long-term MA.
     • After confirming bullish price action.
     • During low volatility periods.
   • Sell (Short):
     • When short-term MA crosses below long-term MA.
     • After confirming bearish price action.
     • During low volatility periods.
3. Risk Management:
   • Stop Loss (SL): Placed below recent swing lows/highs.
   • Take Profit (TP): Set at predefined levels based on risk-reward ratio.
   • Trailing Stop: Adjusted as the trade progresses.

Minimum Deposit

To start using the Elite Forex Scalper EA V6.20 MT4, consider the following:

• Broker Account: Fund your MT4 broker account with a minimum deposit of $1000.
• VPS Setup: Set up your MT4 account on a Virtual Private Server (VPS) for uninterrupted trading.
• Profit Potential: The EA aims for consistent profits, but individual results may vary.