About the Royal Prince Scalper Expert Advisor
The Royal Prince Scalper EA for Metatrader 5 uses a proprietary scalping strategy to identify the best possible short-term buy & sell trade opportunities.
The expert advisor gains about 4-9% monthly with a low drawdown expected.
The Royal Prince Scalper Forex robot opens about 3-10 deals a week, and it’s pretty consistent.
Worth noting is that the EA does not use any dangerous trading strategies, such as grid and martingale.
This fully automated trading robot should work with any Forex broker of your preference.
As always, please use this 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 “RoyalPrince_Scalper.ex5” expert advisor
Key Features
Automated Scalping
The EA automatically identifies and executes short-term trades based on its proprietary scalping algorithm, reducing the need for manual intervention.
Advanced Risk Management
Built-in features like equity and margin protection, along with adjustable stop loss and take profit levels, help safeguard your capital during volatile market conditions.
Session-Based Trading
The EA can be configured to operate during specific market sessions, such as the London or New York sessions, to capitalize on periods of high liquidity and volatility.
Customizable Settings
Users can adjust various parameters, including lot size, risk percentage, and trading hours, allowing for personalized trading strategies that align with individual risk tolerance and trading preferences.
Low Drawdown Strategy
Designed to maintain a low maximum drawdown, the EA aims for steady, consistent profits, making it suitable for traders with conservative risk profiles.
Trading Results
Find below the Royal Prince Scalper EA track record for the EUR/USD 1-hour chart (click on the picture for full-size view).
Key Points
- Gross profit: $1904.37
- Profit factor: 3.78
- Total net profit: $1400.80
- Consecutive wins: 27
- Consecutive losses: 3
Backtests and live trading results indicate that the Royal Prince Scalper EA delivers consistent profits with a low drawdown.
The combination of tight stop losses, optimal take profit settings, and session filters allows the EA to efficiently enter and exit trades, reducing exposure to market volatility.
These results demonstrate the Royal Prince Scalper EA’s ability to adapt to dynamic market conditions, execute trades quickly, and provide steady growth while minimizing risks, making it
suitable for both conservative and moderately aggressive trading strategies.
Trading Chart
The picture below shows the Royal Prince Scalper Forex Robot attached to the Euro / U.S. Dollar 1-hour chart.
How the EA Works
- Analyzes short-term market conditions to identify potential trade setups.
- Executes trades based on predefined strategies and parameters.
- Utilizes risk management tools to protect capital.
- Operates during specific market sessions to capitalize on high liquidity.
- Applies adaptive risk management to minimize losses and protect equity.
Download Now
Download the “RoyalPrince_Scalper.ex5” EA
Parameters & Settings
- Magic Number: Unique identifier for trades.
- Lot Size: Fixed or dynamic position sizing.
- Stop Loss & Take Profit: Adjustable for risk control.
- Trading Time Filter: Restrict trading to certain hours.
- Max Spread: Avoid trades during high-spread conditions.
- Trailing Stop: Optional for locking profits.
Recommended Trading Setup
- Chart Timeframe: M5 or M15 for intraday precision.
- Instrument: Compatible with other major pairs.
- Account Size: Minimum $250 recommended.
- VPS: Ensures uninterrupted operation 24/7.
FAQ
Q1: Can the EA be used with other instruments besides USDJPY?
A1: Yes, while optimized for USDJPY, it can trade other major pairs with similar settings.
Q2: How much capital do I need to start?
A2: A minimum balance of $250 is recommended for stable performance and adequate risk management.
Q3: Is the EA suitable for beginners?
A3: Yes, the EA is user-friendly and fully automated, making it suitable for traders of all experience levels.
Q4: Can I adjust risk settings?
A5: Yes, stop loss, take profit, lot sizing, and spread filters can all be customized to match your risk tolerance.
Summary
The Royal Prince Scalper EA for MetaTrader 5 offers a reliable and fully automated solution for trading USDJPY and other major instruments.
With advanced features like session-based trading, risk management tools, and customizable settings, it provides consistent, disciplined trading without emotional interference.
Download it for free and automate your trading with confidence.
