Punisher Scalper EA is a fully automated expert advisor that searches and breaks down local extrema using cutting-edge technology. Risky tactics like martingale, grid, HFT, etc. are not used. 2–6 transactions are carried out by Punisher EA each day. It trades and closes deals using pending orders and trailing stops. A tiny stop loss and take profit are always used to protect every transaction.
It can trade using a fixed lot or an auto lot that automatically increases the amount of the transaction based on the set criteria. Punisher Scalper EA’s low maximum drawdown % enables use of this advisor with only a minimal initial investment.
How do Local Extrema work?
A point on a function known as a local extremum is the location where the function’s highest value (local maximum) or lowest value (local minimum) are found. Because the derivative of the function equals zero at these points, these locations are also referred to as “critical points” or “stationary spots.” A local extremum only applies to the area around the point and not necessarily to the entire function domain, which is a crucial point to remember.
How it used in Forex Trading
In forex trading, local extrema can be used as a technical analysis tool to identify potential points of support or resistance. A local maximum may indicate a resistance level, while a local minimum may indicate a support level. Traders can use these levels to decide when to enter or exit a trade.
For example, if a trader sees a local maximum on a currency pair’s price chart, they may interpret this as a potential resistance level and choose to sell the currency pair at that point. Similarly, if a trader sees a local minimum, they may interpret this as a potential support level and choose to buy the currency pair.
It is important to note that using local extrema as a sole trading strategy is unreliable. It is always recommended to combine it with other technical analysis tools such as trend lines, chart patterns, and indicators to make a more informed decision.
Recommendations for Punisher Scalper EA
- Minimum account balance of 100$.
- Work best on EURUSD, USDJPY, GBPUSD, XAUUSD, and the developer recommends running on all four pairs simultaneously. (Work on any pair)
- Work Best on M30 TimeFrame. (Work on all timeframes)
- Punisher Scalper EA should work on VPS without interruption and with good latency to reach stable results. So we recommend running this free forex robot on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low spreads, low commissions, and quality execution account is also Recommended (Find the Perfect Broker For You Here)
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