Home Forex Service Review Scalper Cadiz MT5 FX Scalping Tool Review

Scalper Cadiz MT5 FX Scalping Tool Review

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Scalper Cadiz can be found within the MQL5 marketplace under the Experts category of software. The EA was created by Sabil Yudifera and was first uploaded to the marketplace on the 30th of March 2020, it was uploaded as version 1.10 and is still at that same version number.

Overview

Scalper Coviz is an expert advisor that can be used with the MetaTrader 4 trading platform, it uses a strategy that is based on finding the correlations between asymmetrical frequency curves in the market to help find patterns of price movements.

Some advantages of the EA:

  • Money management
  • High spread protection
  • Slippage and requote Protection
  • only use 3 indicators
  • It does not use dangerous strategies such as martingale, grid, hedging
  • The developer recommends the following when using the EA:
  • Use of a VPS
  • Use of a broker with Low Spread or ECN account
  • Timeframe: M1
  • Pairs: EURUSD, GBPUSD, USDCHF, USDJPY
  • Minimal deposit 100 USD or 1 USD for cent account

There is also a number of different parameters available to alter, these include automatic lot sizing, the risk to use, starting lot sizes, take profits, stop losses, magic numbers, lippage, maximum spread allowed, period to use, and minimum margin levels.

Service Cost

The Scalper Cadiz EA will cost you $499 as a one-time payment, this will get you up to 30 activations of the software with no other restrictions. There is no option to rent this EA but there is a free demo version that can be used with the strategy tester within the MT4 trading platform.

Conclusion

There is just one user review available for the EA which has given it an overall rating of 2 out of 5.

“Good EA but random result in real” – A 2-star review.

The review does not give a lot of indication as to what actually went wrong apart from the results being random. There aren’t any comments from customers or the developer so it is hard to tell what sort of support is being offered, you could always get in touch with any questions that you have, this is a good way to ensure that the developer is still around and offering support should you need it.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47850

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