Scalping Project EA MT4

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Apr 15, 2024
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Introduction​

The Scalping Project EA MT4 has garnered attention within the trading community, attracting various user reviews. The bot boasts a rating of 4.09, which reflects mixed experiences among traders. Some users praise its performance, while others raise concerns about its reliability and the authenticity of its backtesting results. In this overview, we will analyze Scalping Project EA MT4, compare it with one of the trading robots from the EASY series, and highlight its pros and cons.

Comparison with EASY Robots​

When comparing the Scalping Project EA MT4 with the EASY series robots, such as EASY Scalperology, the differences become apparent. EASY Scalperology is designed with a more robust algorithm and has undergone extensive testing, resulting in higher profitability, reliability, and user satisfaction.

- EASY Scalperology:
- Proven performance through rigorous testing
- Higher win rates reported by users
- Comprehensive support and documentation

- Scalping Project EA MT4:
- Mixed user reviews with a notable low rating
- Concerns over backtested results being potentially manipulated
- Reports of poor customer support

Overall, EASY Scalperology provides a more trustworthy and profitable trading experience compared to Scalping Project EA MT4.

Pros and Cons​

Scalping Project EA MT4 Pros:
- Simple setup and user-friendly interface
- Some users report positive live trading results

Scalping Project EA MT4 Cons:
- Mixed user feedback regarding performance
- Accusations of fabricated backtest results
- Lack of sufficient customer support

EASY Scalperology Pros:
- High user satisfaction and reliability
- Transparent backtesting results
- Comprehensive support and community resources

EASY Scalperology Cons:
- Potentially higher cost compared to Scalping Project EA MT4

Optimal Conditions for Use​

The Scalping Project EA MT4 tends to perform better in specific market conditions, particularly during volatile market periods where quick trades can yield profits. However, due to its questionable reliability, users should approach this EA with caution and consider running it on a demo account before committing real capital.

Source Code Scalping Project EA MT4​

It is important to note that the original source code of the Scalping Project EA MT4 sold on MQL5 is not publicly available. However, we can create a code based on the description provided on the MQL5 site where this algorithm is sold. This approach allows for some customization, although it does not guarantee the same performance as the original.

Code:
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Download Scalping Project EA MT4: Performance and Insights​

For those interested in exploring the Scalping Project EA MT4, more detailed statistics and insights can be found on the official website here. Users are encouraged to share their experiences and opinions in the forum, which could foster a better understanding of the bot's effectiveness.

If you have any questions about the code or its functionalities, feel free to ask. Please note that the code provided is an example based on the description of the Scalping Project EA MT4 available on MQL5. The EASY Trading Team does not sell the Scalping Project EA MT4 but has developed code for a trading robot inspired by its description.
 

Attachments

  • Scalping Project EA MT4.mq5
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As a dedicated trader using Scalping Project EA MT4, I'm curious about the specific configurations you're applying for the USDJPY and EURUSD pairs. Your insights would be greatly appreciated!
 
I'm struggling to grasp the difference between the 'Fixed Lot' and 'Risk as a percentage of Balance' features. I've inputted 0.01 in the Fixed Lot setting, yet the EA seems to be executing trades at 0.10 for EURUSD and 0.15 for USDJPY. It's perplexing, as I aimed for a consistent 0.01 lot size.