An MT4 scalping robot called PipHarvester EA makes trades using trend detecting techniques and candlestick patterns. This trading technique is designed to trade a variety of assets, including Indices, Metals, and Currencies. This approach, which was created with both inexperienced and seasoned traders in mind, uses a sophisticated combination of technical analysis and risk management strategies to reduce risks and maximize profits.
The first step in the MT4 scalping robot method is to look for specific candlestick pattern formations, which usually indicate the end of a trend. Understanding these patterns is essential because they frequently signal the beginning of new trends, giving traders the chance to enter or exit positions before the market reversals. The method uses trend detection tools to confirm the possibility of a trend reversal once a probable pattern has been detected, increasing the likelihood of profitable trades.
The PipHarvester EA’s emphasis on money management is a key feature. In addition to using a stop loss and take profit in each trade, it also uses a trailing stop loss, a dynamic type of stop loss that moves in tandem with the market price to lock in profits and guard against large losses. Additionally, it appears to be using a grid method, which entails putting many buy or sell orders in response to a losing trade. The grid strategy carries a danger of large drawdowns or even account blow-ups if the account balance is insufficient, even though it may increase earnings in sideways and trending markets. It is recommended that traders use caution and comprehend the entire consequences of utilizing such
Recommendations for this MT4 Scalping Robot
- Minimum account balance of 500$.
- Set files are given for the best working pairs.
- Set File 1 – XBRUSD, XTIUSD, USDCHF, USDCAD, NETH25, XAGEUR, EURCHF, GBPJPY, XAGUSD
- Set File 2 – USDCHF, EURCAD, CHFJPY, NZDJPY, NZDCAD, EURNZD, AUDUSD, EURJPY, GER40, EURAUD, GBPCHF, AUDCHF, CADJPY, USDJPY, AUDJPY, AUDNZD, USDCAD, EURGBP, and NAS100.
- It works best on M1 and M5. (Work on any TimeFrame)
- We Recommend running the MT4 Scalping Robot on VPS without interruption. So we are running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread, Slippage, and quick execution account is Recommended (Find the Perfect Broker For You Here)
