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Alexa Scalping EA is an automated trading tool on the MT4 platform. It is specifically designed for scalping, focusing on making profits through simple movements in the Forex market. The expert advisor is designed with advanced algorithms to evaluate market conditions and execute short-term trades.
Alexa Scalping EA is suitable for all professional and beginner traders as it improves their trading performance in the Forex market. Whether you are looking for an easy way to make profits in the Forex market or a trading method different from manual trading, the Expert can help you with that.
Alexa Scalping EA has been tested before and has proven remarkably successful. It also features risk management for each trade that is appropriate to the account capital and The expert works 100% automatically, as there is no need for manual intervention.
We assessed the trading capabilities of this EA over a period of 6 months, starting with a capital of $1000. Below are the backtest results:
Expert + Preset
How to install Alexa Scalping EA
1 – Download the Expert
Download the Expert file from the email sent to you
How to Extract a File from Winrar?
First, if you don’t have Winrar here is the download link, download and install
https://www.win-rar.com/download.html?&L=0
Right-click on the WinRAR file and select ‘Extract Here’ to extract the files in the current location. Alternatively, choose ‘Extract to’ if you want to extract the files into a specific folder.
2 – Add the Expert to the platform
- Open the trading platform and choose File –> Open data folder
- Then go to the MQL4 folder –> Experts
(if the expert works on MT5 then you will choose MQL5 instead)
- Put the Expert file in this folder
- restart the platform
3 – Run the Expert
- Choose the appropriate pair for the Expert and then drag the Expert from the navigator window and place it on the chart (or simply Double click on it)
- Make sure that auto trading is activated in the platform and the Expert as well
Conclusion
Alexa Scalping EA is a scalping trading tool. The expert advisor has been tested over the long term and has achieved excellent results. This is because it is designed with advanced trading algorithms that enable it to target a few pips in the short term.
Disclaimer: The backtesting results provided do not guarantee the same performance when using the Expert Advisor on your live account. Performance may vary due to factors such as market conditions, spreads, and slippage. It is highly recommended to first run the Expert Advisor on a demo account for a sufficient period to test its performance and ensure it aligns with your trading strategy and goals.