The Hammond MT4 Scalping Robot is a fully automated Expert Advisor designed for night scalping, utilizing a strategy that avoids the use of martingale, hedging, and network systems. It relies on the RSI indicator and an ATR-based filter to determine entry points for trades.
Key Features:
- No Martingale, No Hedging: This EA does not use martingale or hedging strategies, minimizing the risks associated with such trading methods. Each trade is protected with a take profit (TP) and stop loss (SL), typically employing a very small stop loss to safeguard your capital.
- Versatile Operation: The Hammond Scalping Robot is compatible with both 4 and 5-digit quotes. When you input values in points for 5 decimal places, the system will automatically adjust them for 4 decimal places.
Recommendations for Hammond MT4 Scalping Robot:
- Minimum Account Balance: $100
- Optimal Currency Pair: Best results are achieved with EURUSD, though it can be used with any pair.
- Time Frame: Most effective on the M5 timeframe, but experimenting with different timeframes is recommended to find the best settings.
- VPS Requirement: To ensure uninterrupted operation and stable results, it is recommended to run the robot on a VPS with very low latency.
- Low Spread Account: Using a low spread ECN account is highly recommended to reduce trading costs and improve overall performance.
Operational Guidance:
- Stable Operation: For the best performance, the Hammond Scalping Robot should be online 24/5. Utilizing a reliable VPS ensures continuous operation and minimizes latency issues.
- Compatibility: This robot is designed to function effectively on any timeframe, providing flexibility to adapt to various trading conditions.