Scalpe ECN is currently found within the Experts section of the MQL5 marketplace, it was first uploaded to the marketplace on the 25th of March 2020 by its creator Tuong Bul Xuan. The software has received two updates since being live and is currently at version 1.4.
Overview
Scalpe ECN is an expert advisor that can be used with the MetaTrader 4 trading platform, there isn’t much information provided about how the EA actually works which is a little strange.
As far as we could work out, the EA uses Japan Candle Stoicks along with a form of AI to find the trades, it is recommended that you have an ECN broker, the EA will add a small stop loss on each trade, the EA is best used on the JPYUSD, EURUSD and GBPUSD pairs on the M1 timeframe.
The main settings that come with the EA are the starting lot size, the minimum lot size, the maximum spread allowed, and the stop loss in pips.
Service Cost
The Ea will cost ou $500 to purchase so it is quite an expensive one, surprising that such an expensive EA has so little information available about how it actually works. Should you decide to purchase it you will be able to activate the software up to 5 times. There are options to rent the EA, this can be done on a monthly basis which will cost you $50 per month, you can also rent it for a three month period which will cost you $100 per month.
There is also a free demo version, this can only be used with the strategy tester within the MT4 platform rather than being tested on a live account.
Conclusion
There are no reviews or ratings from people who have purchased the EA, this makes it hard for us to know whether people are finding it profitably or if it even does what it is meant to do. There are also no comments available so the sort of support that is being offered is also unknown. Due to bot hof these factors, we would strongly suggest contacting the developer before you make a purchase or rental, this will give you the opportunity to ensure that it will function how you need it to and that the developer will still be around to offer support should you need it.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47622
