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Scalping Forex Robot M5 EA is an innovative trading tool that focuses on gold trading and is specifically designed to cope with the violent movements of gold. It works on the MT4 platform on the M5 time frame and has also undergone a comprehensive long-term backtest, which has proven its outstanding performance and great results.
Scalping Forex Robot 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.
Scalping Forex Robot M5 works on managing the appropriate risk for the account, as it is keen to open trades appropriate for the account capital and not risk opening reckless orders so that the trader does not lose the account.
Name | Fit |
---|---|
Trading Platform | Meta Trader 4 (MT4) |
Minimum Investment | $1000 |
Compatible Currency Pairs | XAUUSD / GOLD |
Timeframe | M5 |
Account Type | ECN |
Product Category | NoDLL / Unlimited / Fix |
How to install Scalping Forex Robot M5 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
The Scalping Forex Robot M5 is specially developed for trading gold as it uses a smart trading strategy with appropriate risk management for the account capital and works on the M5 time frame and has great results.
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.