Mon. Dec 6th, 2021

Scalping forex robots are one of the most attractive forex robots because they can make profits soon, but they are also the most sensitive and can move from a profitable EA to a loss-making machine if you do not use them in a proper environment.

We’ll talk about these conditions later in this article, but first let’s get acquainted with some of the cost-effective scalping robots.

You will see in this article:

Scalable Forex Robots (EA) for Meta Trader 4 and 5

Here is a list of profitable scalping forex robots that you can run on MT4 and MT5.

I will add more EA to the list whenever I find scalping robots that have the necessary qualifications for this table.

What is the Forex Scalping Robot?

A scalping forex robot is a type of software that opens and closes short-term trades and targets a few pips, especially less than 10 pips.

Most of the time, operations take a few seconds and the scalping robot tries to gain 3 to 6 pips, but sometimes the scalper targets larger amounts, especially in volatile situations, such as important news events. .

While forex scalping robots usually try to grab a few pips and get out of trading as soon as possible, there are some other scalping robots that use methods such as trailing stop to squeeze the market as much as possible, so that they stay in the trades longer.

In these types of scalping forex robots, you can see some 3 to 6 pips trades closed in less than 5 minutes, as well as some 20 to 30 pips trades that last half an hour or even longer.

On the other hand, there is a third type of climbing robots that also have a longer time period, but it is because they have large stop losses. They claim a few pips, however, since their SLs are quite large and some businesses may first move in the direction of their SLs, so the duration of the business is longer than usual.

In these types of scalping robots, you see small TPs, such as 3 to 6 pips, but their stop losses are several times larger and are 20 to 30 pips.

Are Forex Scalping Robots Profitable?

Resizable forex robots, like other types of forex robots or EAs, can be profitable and harmful, but they are more susceptible to external factors, such as the conditions of intermediaries.

For example, a rocking robot that has major limitations (SL and TP) is not affected by spreads or runners ’execution speed, but an extra spread or a few tenths of a second can have a huge impact on the results of a scalping robot.

These factors can literally turn a profitable scalping forex robot into an unsuccessful one, so it is crucial to pay close attention to it.

Now let’s see how we can provide the best conditions for our forex scalping robots.

The best conditions for Forex Scalping robots

As we saw in the previous section, there are some factors that are not related to the strategy of a scalping robot or the way an EA is traded, but are connected to the business environment where it is run the robot.

Basically, there are two external factors that can affect to some extent the performance of your scalping EA, the broker and the VPS.

let’s see how ….

Low currency broker

Undoubtedly, running a scalping robot in a low-spread runner can have a decisive effect on your results. A scalper EA is supposed to get a few pips, so how many pips can you afford to pay as a spread.

Let’s say our EA has a TP and SL of 5 pips to eurusd. If we pay 2 pips as a spread, we are far behind in the first place. The EA must have a very good rate of return to be profitable in this situation.

If the creator of the EA has tried it with a broker that says 1 pip spread and our broker gives us 2 pips as a difference of the euroeus, the EA becomes unprofitable even if the rate of profit of his system is 60%.

So we definitely need a runner with the lowest differentials.

First, we need an agent who has ECN-type accounts. ECN accounts have very low differences, but a commission is also charged, however, the sum of differential + commission remains lower than other accounts.

Well, we did a study on many industry brokers and compared them to each other. To find the best runner to climb, you can read the article here.

If you are from the United States, you can find your broker from the best foreign exchange brokers.

Fast running runners

Another factor that is important when it comes to a suitable agent to scale forex robots is the speed of execution.

Sometimes the entry or exit point of a scalping EA is too sensitive, and if your broker has a delay in executing your orders, the results of the operations change completely, so you need a agent with a fast execution speed.

Now, how can you find out the running speed of the runners. Well, we did another study on the MT4 execution speed of forex brokers to find out and you can find it here.

Low slip runners

Slippage occurs when the market is illiquid or highly volatile.

When the market is low on liquid, it means that there are not enough buyers and sellers, so when you open a trade at a specific price, your broker may have a hard time finding the price of your order, so you provides another price that is different from what you requested.

For example, your EA scalping sends a buy order to 1.1121, but there is no one to sell at that price and the nearest price is 1.1123, so the order opens at that price, which is 2 pips against you. This widening is called sliding or, in this case, negative sliding.

It’s not always against you and sometimes the slide is in your favor, which is called a positive slide that occurs especially when the market is volatile.

Sometimes, such as major news events, the market becomes volatile and moves rapidly, so the exact price the scalping robot is asking for is difficult to deliver, so your forex broker opens the order at a different price. , either for or against you.

As a result, if a scalping forex robot is a news exchange or even trades at times with important news events, you will need to choose a broker who has the lowest slip on those occasions.

You can find our study on low slip currency brokers here.

If you want a currency broker for your EA that has the best conditions mentioned (lower difference and slide and higher speed), we list them in this article.

High quality VPS

The next factor that is crucial to the success of forex robots in particular and any type of EA in general is to have a high quality connection.

Not only does it provide a stable connection, but it also decreases your agent’s latency and, as a result, increases execution speed so that your orders run faster.

VPS is vital for all types of forex robots in general, as firstly your trading platform does not need to be open all the time and secondly, any disconnection can cause a problem with EA performance.

It is even more important when we run a scaling forex EA because there are additional likely problems that can happen, such as a slip that can come from disconnection or slow execution speed.

However, VPS should be a key part of your e-commerce that you should not avoid in any way. It doesn’t cost you much, but it has a huge impact on the quality of trading some things.

If you want to learn more about VPS and find the best forex VPS, you can read the corresponding article from here.

The end result

Scalping forex robots can make profits sooner than other robots, but they can deplete your account quickly if they are not profitable, so it is best to choose scalping EAs that have a lower discount. This way you can control and manage the risk if things go south.

You will also need to run scalping EAs in a high level state, which means choosing an agent that is the best option for scalping and also choosing an excellent VPS.

I have tried to list some of the profitable scalping forex robots, but you can add them to the list by commenting below. EAs will be added to the table if they have the required standard.

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