About the Project Evolution Breakout Scalper EA
The Project Evolution Breakout Scalper Forex robot for Metatrader 4 uses a scalping trading system that’s optimized for the 1-hour charts.
The EA uses filters to avoid whipsaw price movement in a bid to find the best possible entry price for both long and short trades.
The EA works on small trading accounts, and as can be seen from the track record below, the expert advisor made an amazing 476% gain in only 6 months of trading.
The default EA settings just work fine, just plug and play!
Naturally, feel free to try different settings.
As always, please use the Project Evolution Breakout Scalper EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Free Download
Download the “Project Evolution Breakout Scalper MT4.ex4” expert advisor
Key Features
Breakout Strategy
Utilizes a proven breakout strategy to identify and capitalize on market movements.
Optimized for 1-Hour Charts
Specifically tailored for 1-hour timeframes, balancing trade frequency and analysis depth.
Filter Mechanism
Incorporates filters to avoid whipsaw price movements, enhancing trade accuracy.
Minimal Account Balance Requirement
Designed to operate effectively on small trading accounts, with a minimum balance of $25.
Plug-and-Play Setup
Easy to install and configure, suitable for both novice and experienced traders.
Trading Results
Find below the detailed Project Evolution Breakout Scalper EA track record for 2022 (click on the picture for full size view).
Key Points
- Gain: 475.77% (6 months)
- Algo trading: 100%
- Profit trades: 54.8%
- Maximum drawdown: 14.7%
- Leverage: 1:500
The Project Evolution Breakout Scalper EA has demonstrated impressive performance metrics.
Over 6 months, it achieved a 476% gain with a 54.8% profit trade rate and a maximum drawdown of 14.7%.
These results highlight the EA’s potential for consistent profitability.
Trading Chart
The picture below shows the Project Evolution Breakout Scalper EA attached to the British Pound / U.S. Dollar 1-hour chart.
How the EA Works
- Monitors market conditions to identify breakout opportunities.
- Applies filters to avoid whipsaw price movements.
- Executes trades based on predefined breakout criteria.
- Operates on 1-hour timeframes for optimal performance.
- Requires a minimum account balance of $25.
Download Now
Download the “Project Evolution Breakout Scalper MT4.ex4” EA
Parameters & Settings
- Magic Number: Unique identifier for EA instances.
- Lot Size: Choose between fixed or auto lot sizing.
- Stop Loss: Set in pips to limit potential losses.
- Take Profit: Define in pips to secure profits at desired levels.
- Maximum Spread: Set the maximum acceptable spread for trade execution.
- Timeframes: Select the timeframe for analysis and trade execution.
- Trading Hours: Define the hours during which the EA is active.
Recommended Trading Setup
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY (optimized), adaptable to others.
- Timeframe: 1-hour chart for optimal performance.
- Account Balance: Minimum of $25 to accommodate trade sizes.
- Broker: Preferably with low spreads and fast execution.
- VPS: Recommended for uninterrupted trading operations.
FAQ
Is the Project Evolution Breakout Scalper EA compatible with all brokers?
Yes, as long as the broker supports MetaTrader 4 and allows automated trading.
Can I use the EA on other timeframes?
While optimized for the 1-hour timeframe, it can be tested on other timeframes for suitability.
What is the recommended minimum account balance?
A minimum balance of $25 is recommended to ensure proper trade execution.
Does the EA require constant monitoring?
Once set up, the EA operates autonomously, but periodic monitoring is advised.
Summary
The Project Evolution Breakout Scalper EA for MetaTrader 4 is a robust and reliable automated trading solution.
With its proven breakout strategy, impressive performance metrics, and user-friendly features, it offers traders an effective tool for navigating the forex market.
Download the EA today and enhance your trading experience with automated precision.
