About The Royal Price Scalper EA
The Royal Price Scalper EA, developed for Metatrader 5, is a successful Forex robot that uses a proprietary scalping strategy, specifically designed for small trading accounts.
This expert advisor follows both major and minor trends, taking advantage of rapid price movements in volatile currency markets.
The EA employs a conservative trading approach, limiting itself to one open trade at a time.
All buy and sell trades are protected with stop loss and take profit targets.
As shown in the performance chart below, the robot has achieved an impressive +167.88% gain on the account at the time of writing, while maintaining a reasonable drawdown of 17.25%.
It consistently grows the account balance, generating an average monthly profit of 4.44%.
Although its pace may be slow, the results are steady and reliable.
We strongly recommend testing the expert advisor on a demo account for at least one month.
This allows you to evaluate its performance and fine-tune the settings to match your trading style and risk tolerance.
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Royal Prince Scalper.ex5 (MT5)
Performance Metrics
The following chart provides some detailed insights into how the Royal Price Scalper bot performed over an extended period of time.
Key Points
- Total account gain: +167.88%
- Daily profit: 0.14%
- Average monthly gain: +4.44%
- Account drawdown: 18.25%
These metrics demonstrate the EA’s ability to consistently grow the account balance with steady and reliable results.
Trading Chart
The picture below displays the Royal Price Scalper EA applied to the EUR/USD 1-hour currency chart.
The presence of the blue colored symbol in the top right corner of the chart ensures that the robot is fully operational and working.
General Information & EA Inputs
- Trading Platform: Metatrader 5
- Suitable for all currency pairs and time frames
- Recommended minimum account balance: $50
- Customizable EA Inputs: trade volume, risk percentage, take profit (in points), stop loss (in points), trigger points, time frame, bars, expiration hours, magic number, and more.
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Royal Prince Scalper.ex5 (MT5)
FAQ
What timeframes work best with the Royal Price Scalper EA?
The EA performs best on lower timeframes such as M5, M15, and H1, where short‑term price movements provide frequent scalping opportunities.
Which currency pairs are recommended?
It is optimized for major pairs like EUR/USD, GBP/USD, and USD/JPY.
Testing on your chosen pair is recommended to confirm performance with your broker’s conditions.
Does this EA use risky trading techniques?
No. The Royal Price Scalper EA does not use dangerous techniques such as grid or martingale.
All trades use fixed Stop Loss and Take Profit settings to protect capital.
Should I test the EA before live trading?
Yes. As with any automated system, it is strongly recommended to run the EA on a demo account for an extended period to understand its behavior and performance under different market conditions.
What risk management features does the EA include?
The EA lets you adjust risk percentage, lot size, Stop Loss, Take Profit, and trailing stop settings, giving you control over exposure and trade management.
Summary
The Royal Price Scalper EA is an automated scalping robot designed for short-term trades on major currency pairs.
It avoids risky grid and martingale strategies, using fixed Stop Loss and Take Profit to manage risk.
The EA works best on lower timeframes and offers customizable settings for lot size, risk, and trade management.
Testing on a demo account is recommended before live deployment to understand its performance under different market conditions.
