Introduction
Welcome to the world of automated trading, where algorithms like First Scalper MT5 promise to make your trading life easier—if that's what you choose to believe. Let's dissect this robot based on user feedback and its claimed functionalities, while keeping a healthy dose of skepticism.Description of Features
First Scalper MT5 positions itself as a scalping robot designed to make quick trades that ideally lead to profit. Key features include:- Customization options for trailing stop and stop loss settings based on account balance.
- Support for a minimum free margin requirement, suggested at around $1500.
- A focus on ensuring opened trades tend to close profitably, according to some users.
- Performance tracking through demo accounts before going live.
Sounds promising, doesn’t it? But then again, what trading robot doesn't have a shiny feature list these days?
Results Analysis
User testimonials boast a rating of 5, which, as we know, is a rare feat. But let’s dive deeper into the analysis. Users like **Zolman2** and **Marcel Bühler** report satisfactory results after achieving success in demo accounts. Notably, **skafolder** claims that this is the only EA not to clear their account—an interesting benchmark. Still, these accolades may be overshadowed by the ever-present risk of market volatility.Now, while some trades are reportedly always in the plus, we can’t ignore that trading is inherently risky, and even the best strategies can falter during sudden market movements. Hence, relying solely on user reviews without a robust statistical breakdown is akin to walking a tightrope without a safety net.
Pros and Cons
**Pros:**- High user satisfaction with a perfect rating.
- Customizable settings allow for user control.
- Demo testing before live trading.
**Cons:**
- Lack of transparency regarding the underlying algorithm.
- Potential risks during extreme market conditions, as indicated by user comments.
- The perfect rating doesn’t guarantee consistent performance over time.
So, is it a miracle worker or just another overhyped robot? The jury’s still out, but let’s say caution should be your guiding principle.
Source Code of First Scalper MT5
While the source code of the original First Scalper MT5 sold on MQL5 remains a mystery wrapped in an enigma, we can always create our version inspired by its description. Remember, we're not here to sell you anything—our team at EASY Trading Team merely crafts code based on publicly available information, not claiming ownership of the original.
Code:
You don't have permission to view the code content. Log in or register now.Download First Scalper MT5 and Join the Discussion
For those curious about experimenting with First Scalper MT5, feel free to explore and share your experiences. You can find detailed statistics and discussions on this robot at Download First Scalper MT5 and Analyze Performance. If you have questions about the code or trading strategies, drop them in the forum. Remember, the code is merely an example from easytradingforum.com and based on the description available on MQL5.In conclusion, while this robot may have its champions, it's always wise to approach with a critical mind and discuss findings openly with fellow traders. Happy trading—if you dare!