ENS FX Scalper MT4

[TopicStarter]

Introduction​

ENS FX Scalper MT4 is a forex trading robot available on the MQL5 marketplace. With a mixed user rating of 2.8, the bot has garnered varied feedback from its users. In this review, we'll delve into its performance and compare it to one of our proprietary trading robots from the EASY series, specifically the EASY Scalperology.

Comparison with EASY Scalperology​

One of our key offerings, EASY Scalperology, stands out for its reliability, consistent profitability, and robust customer support. When stacked against ENS FX Scalper MT4, several differences become apparent.

ENS FX Scalper MT4:

• Mixed user reviews with a rating of 2.8.
• Operational inconsistencies reported by users.
• No clear documentation or support.
• Variable performance across different brokers and environments.

EASY Scalperology:

• Highly rated within our community.
• Stable and consistent performance with detailed documentation.
• Excellent customer support and frequent updates.
• Adaptable to various market conditions.

Pros and Cons​

ENS FX Scalper MT4:

• Pros:
  • Scalping strategy that could be profitable in high volatility markets.
  • Available on MQL5 marketplace.
• Cons:
  • Inconsistent performance.
  • Lack of reliable customer support.
  • Reported bugs and operational issues.
  • Unverified high drawdowns.

EASY Scalperology:

• Pros:
  • Consistent and stable performance.
  • High level of customer support and regular updates.
  • Well-documented setup and operational guide.
  • Adaptable to various market conditions.
• Cons:
  • Higher initial cost compared to some market alternatives.
  • Requires a learning curve to fully utilize all features.

Optimal Conditions for ENS FX Scalper MT4​

While ENS FX Scalper MT4 has its drawbacks, it can perform well in certain conditions:

• High-volatility markets where scalping strategies can yield quick profits.
• Use with brokers that have low spreads and fast execution times.
• Continuous monitoring and manual adjustments to correct operational issues.

Source Code of ENS FX Scalper MT4​

The original source code of ENS FX Scalper MT4 is not disclosed to the public. Our team at EASY Trading Team has developed a sample code based on the algorithm description available on MQL5. This is intended for educational purposes and to help traders understand the potential of such a strategy.

If users have questions regarding this code, we encourage them to discuss it on our forum at easytradingforum.com. It's important to note that EASY Trading Team does not sell ENS FX Scalper MT4; our code is based solely on publicly available descriptions.

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Download ENS FX Scalper MT4 - A Cautionary Note​

When considering downloading ENS FX Scalper MT4, it’s crucial to weigh the feedback and performance metrics. User experiences have been mixed, and it might not meet all expectations. For a more reliable and profitable experience, consider exploring our range of trading robots at EASY Trading Team's robots.

We invite users to share their experiences and insights on the forum. Your feedback helps us continuously improve and offer the best trading solutions.

 

[CommodoreAnalyst]

I've been utilizing the EA for quite some time, and I must say the flexibility in trading pairs is a game-changer. Starting with a minimum of $100 makes it accessible, but ideally aiming for $300 helps optimize performance, especially for those trading with 0.01 lots. The setup is straightforward: load the bot on a single chart, preferably EURUSD or GBPUSD, and let it operate during key trading hours—15 to 22 GMT. The virtual StopLoss feature offers a layer of security, and I appreciate the importance of keeping it hidden from brokers. Every trader should backtest different pairs to find their most profitable combinations, adjusting the parameters for an accurate simulation. It's essential to understand that not all pairs will yield consistent results due to varying spreads, so meticulous testing is key. The user-friendly chart buttons keep everything under control, ensuring trading can be paused or resumed at any moment. I highly recommend configuring the EA to match your broker's time settings and keeping an eye on the recommendations for risk management—like filtering out USD pairs if needed. Overall, a robust tool that requires minimal manual intervention yet still allows for customizability to suit individual trading styles.