Finding the best scalping EA is not easy.
It uses the Forex scalping method which traders use to makes quick and small profits by opening and closing new positions within minutes. A scalped trade can remain open for three to five minutes, with the majority of such trades staying open for as little as one minute. Scalping is a popular trading method primarily because the inherent risk of Forex is minimized when scalping.
Since trades are only open for a minimal amount of time, the danger in a fluctuating market is much lower than in traditional trading methods due to a lower level of market exposure.
While day traders are focused on concepts like trends and ranges, a scalping strategy focuses only on the bid-ask spread.
The volatility of the Forex market, therefore, affects scalpers less than a trend follower or day trader.
Is there a profitable scalping strategy for any trader?
You should definitely have a look at some or our published scalping Eas.
Night owl scalping EA
Advanced Scalper EA
Hamster Scalper EA
Scalping is most definitely not a suitable trading method for the majority of Forex traders. The profits made from scalping are understandably much lower, and the scalper depends on many small profits as opposed to making it big with one specific position.
Best scalping ea for big volatility in the market from 300$ to 6 milion $$ in two mont's
The scalping technique lowers your risk as a trader, and on the flip side, lowers your potential for great profit. When all of a scalper’s small profits are combined, is where they make their money.
Taking human nature and accepted trading psychology into account, the scalper has to be a patient and diligent individual who is willing to forego the desire for instant gratification and wait patiently while their trading account grows.
An excited and impulsive person will achieve nothing by scalping, in fact, their blood pressure and frustration are sure to increase.
Here an example of a very simple scalping strategy using the 200 SMA combined with the Stochastic Oscillator