Thursday, January 17, 2013

Xcalper Metatrader 4 | X Marks The Spot?

Hi guys, here is a new scalping EA that trades the EURUSD, USDCHF, EURGBP, USDJPY and targets less than 5 pips or profit. So I guess you can label this EA as an "extreme scalper"

Xcalper uses ADX indicator for finding a strong trend, ATR indicator for finding solid movements and checks different timeframes to enter a trade that can be closed in a reasonable time and profit

There is a small live account with 1000AU to follow below. Click widget for analysis:

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Apparently you can install this on any timeframe. You would need to run this with a broker that has high execution quality because of the small profit targets. Also you would need to use a broker with low spreads for high trade performance. Otherwise this EA will not perform to its fullest potential. 

One License goes for $249 and 2 licenses goes for $449. 

It should be noted that the above account is high risk and thus the high profits at time of writing. I am not really a fan of scalpers like this, but I do hope its performance continues.

There are no backtests to be found anywhere on the site.