Scalprobot Tutorial

Welcome to the world of automated trading

Thank you for using the Scalprobot, a professional trading bot to help you become a consistent trader. We are pleased with any feedback so feel free to give some. This EA is not a get rich scheme, but a professional trading bot to trade without emotion and moreover to save you time. You have received the EA including our default settings. Now its just a matter of adjusting lot size and take profit. 

How to install the EA

Default settings per $1K equity

If you change the lotsize, change the TP accordingly. For example, you use 0.1 lot size. That means the TP should be $100

If you have a $500 account, its recommended to pick max 2 pairs

For accounts from $100, pick one pair only. 

Lot size: 0.01 
SL option: Fixed points
Defensive: true (default)
This will take profits sooner and is considered more defensive. Put it on false to hit your TP as set.  
Long trades: true
Short trades: true
Use collective close: true
This means that all open trades will be closed when the TP in USD is hit.
Profit in $ to close overal trades: Your total profit of all trades combined in USD
Max spread: 30 point (is 3 pips). Some pairs have a wider spread!
Distance between trades in points: This is the difference between consecutive trades. 
Magic number: 5 random (unique) numbers for each chart the EA is running. 
UseSLpercent: false (default). This is the total loss in % of the account equity. 

Disable Pause button: ignore

Risk warning

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Hypothetical performance

Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results. 

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