🤖 EA name: RoyalPrince Scalper
📦 Version: 1
💻 Platform: MT5
🛠Vendor: unknown
📈 Strategy: Trading levels
⏰ Timeframe: H1
🌍 Currency pairs: GBPUSD, USDJPY
🌓 Trading time: Around the clock
⚠️ Attention: Advisor from an unknown source, be sure to check on a demo account. Default settings.
📊 Monitorings: –
⏳ Test period: 2019.09.01 – 2023.07.10
🏛 Tick Data Provider: RannForex (Stock)
Real spread: ✅
Slippage: ✅ (20 ms)
In order to download an adviser with tests, go to our telegram channel 👇
Description of the work of a forex advisor
The Royal Prince Scalper Expert Advisor (EA) is a cutting-edge automated robot tailored to meet the demands of forex traders. This MT5 Scalper EA is readily available for free download, making it accessible to a wide range of traders. Its primary strength lies in its scalping strategy, which enables it to swiftly identify and execute short-term trading opportunities within the often turbulent currency markets. The Royal Prince Scalper EA relies on sophisticated algorithms to meticulously assess market conditions and execute trades accordingly.
What sets the Royal Prince Scalper EA apart is its robust trading strategy, which consciously avoids certain risky techniques like martingale or grid. Instead, this Expert Advisor scalper adheres to a more prudent approach, ensuring that each trade is accompanied by the use of Stop Loss and Take Profit orders. Furthermore, users have the flexibility to configure the EA to trade with either a fixed lot size or an automated lot size, tailoring it to their specific preferences.
In terms of trading frequency, the Royal Prince Scalper EA operates at a low pace, typically engaging in a maximum of 2 to 5 trades per week. It is also designed to remain dormant on days when market conditions are unfavorable for trading. Notably, the EA developer emphasizes that it adheres to a strict policy of never opening more than one trade in the market simultaneously, emphasizing a cautious and disciplined approach to trading.
Conclusions on the trading advisor
In essence, the Royal Prince Scalper Expert Advisor (EA) is an automated robot that specializes in employing the scalping strategy. It excels at recognizing and swiftly executing short-term trades within the often turbulent currency markets, thanks to its utilization of advanced algorithms for market analysis and trade execution.
Notably, the Royal Prince Scalper Expert Advisor (EA) distinguishes itself by deliberately eschewing risky strategies like martingale, grid trading, or aggressive money management techniques. The developer has thoughtfully provided backtest results, offering traders valuable insights into how the Royal Prince Expert Advisor scalper has performed across various market conditions in recent years. This transparency enables traders to make informed decisions based on the EA’s historical performance.
In order to download an adviser with tests, go to our telegram channel 👇