About the 1-Minute Scalper Expert Advisor
The 1 Minute Scalper Metatrader 4 Forex Robot is an automated forex trading software that takes advantage of 13 moving averages.
Essentially, its use of multiple moving averages in formulating a logic that scans the market for buy/sell trade signals ensures that such alerts are increasingly accurate.
Just as the name suggests, it is a scalping algorithm that works finest on the 1-minute time frame on major forex pairs like the GBP/USD, EUR/USD, USD/CHF, USD/CAD, etc., as well as stocks listed on NASDAQ.
The risk involved with trading this automated trading system is the spread.
Therefore, the 1-minute Scalper expert advisor should be deployed only on forex pairs that have relatively tight spreads, for instance, EUR/USD, USD/JPY, and GBP/USD.
Free Download
Download the “1 MINUTE SCALPER.mq4” MT4 robot
Key Features
High-Frequency Trading
The EA is optimized for executing multiple trades per minute, allowing traders to capitalize on small price movements within the M1 timeframe.
13 Moving Averages Strategy
By utilizing 13 moving averages, the EA identifies precise entry and exit points, enhancing the accuracy of trades.
Customizable Risk Management
Traders can adjust parameters such as stop loss, take profit, and trailing stop to align with their risk tolerance and trading strategy.
Optimized for Major Forex Pairs
The EA performs best on major forex pairs like EUR/USD, GBP/USD, and USD/JPY, ensuring liquidity and tight spreads.
Backtest Capability
Test the EA’s performance on historical data to evaluate its effectiveness before live trading.
Strategy Tester Report
Find below the 1 Minute Scalper forex robot strategy tester report for the GBP/USD forex pair on the 1-Minute chart.
Key Performance
The EA made a total profit of $605.44 from a total of 13 trades.
The largest winning trade generated $357.27 in profits, while the largest losing trade generated a loss of $0.00.
Statistics:
Bars in test: 8519 ticks modelled
Initial deposit: $10000.00
Total net profit: $605.44
Total trades: 13
Largest profit trade: $357.27
Largest loss trade: -$0.00
Consecutive wins: 13
Consecutive losses: 0
How the EA Works
- Monitors the M1 timeframe for price movements.
- Applies a strategy based on 13 moving averages.
- Executes buy or sell orders when specific conditions are met.
- Utilizes stop loss, take profit, and trailing stop for risk management.
- Operates continuously to identify and act on trading opportunities.
Download Now
Download the “1 MINUTE SCALPER.ex4” Metatrader 4 robot
Parameters & Settings
- Stop Loss: 30 pips
- Take Profit: 50 pips
- Trailing Stop: 20 pips
- Fast MA Period: 5
- Slow MA Period: 50
- Momentum Buy Trigger: 0.5
- Momentum Sell Trigger: 0.5
- Maximum Trades: 5
Recommended Trading Setup
- Timeframe: M1
- Currency Pairs: EUR/USD, GBP/USD, USD/JPY
- Broker: Choose a broker with low spreads and fast execution
- Account Type: Standard or ECN account
- Leverage: 1:100 to 1:500
FAQ
What makes the 1-Minute Scalper EA different from other scalping robots?
This EA uses 13 moving averages to detect optimal entry and exit points on the M1 timeframe, allowing it to execute high-frequency trades with precision.
Can I run the EA on multiple currency pairs simultaneously?
Yes, the EA can be applied to several currency pairs, but it is recommended to monitor performance and ensure your broker supports fast execution for all active pairs.
How should I manage risk while using this EA?
Adjust stop loss, take profit, and trailing stop settings based on your account size and risk tolerance. Avoid over-leveraging to reduce drawdown.
Is the EA suitable for beginners?
Yes, the EA is fully automated and requires minimal manual intervention. Beginners can use it while learning scalping strategies and monitoring trade performance.
Summary
The 1-Minute Scalper MetaTrader 4 Forex Robot is an advanced automated trading tool for short-term scalping on the M1 timeframe.
By leveraging 13 moving averages, it identifies precise entry and exit points to capture small but consistent market moves.
The EA includes customizable risk management features such as stop loss, take profit, and trailing stops, making it suitable for both beginners and experienced traders.
Backtesting demonstrates strong performance with high win rates on major currency pairs, and the free download allows you to integrate it seamlessly into your MT4 platform.
With minimal supervision, this EA can efficiently enhance your scalping strategy and help maximize short-term trading opportunities.
