Statistical Scalping can be found in the Experts section of the MQL5 marketplace, it was first uploaded on the 6th of July 2017 by Nauris Zukas, it has had a few updates, the most recent updates were on the 20th of July 2020 and this brought the EA up to version 2.0.
Statistical Scalping is an expert advisor that was created for the MT4 trading platform. The tool is an automated scalping system that is based on the analysis of statistics dating back over the past 14 years.
The EA gets its trades by analyzing the market volatility. Positions are then opened during price movements and are subsequently closed when certain levels are hit. The Statistical Scalping EA has shown to produce profits during all sorts of market conditions including flat, trend, economic and political influences.
Some recommendations from the developer:
- Fixed lot of 0.01 per 1000 units of the deposit currency.
- To achieve optimal results, it is recommended to use accounts with low spreads.
- Aim for a spread on the EURUSD pair that is 1 pip or less.
- Recommended pair: EURUSD.
- Timeframe: M15.
There are also some parameters and settings available, these include things like the EA name, magic numbers, to show or hide information on the charts, London time difference, max lot sizes, the risk to use, max spread, and more.
The expert advisor can currently be purchased for $99, this is a one-time payment that will get you up to 5 activations. There is also the option to rent the EA, this can be done on a monthly basis and will currently cost you $30 per month, it can also be rented for three months which will cost you $45.
A free demo version is also present, the information and limitations of the demo account are not made clear, this often means that it can only be used with the strategy testers within MT4 but we do not know for sure.
There are some mixed reviews for the EA, the four available reviews have given the EA an overall rating of 3 out of 5.
“Very dangerous, I do not know why you have SL if when the price touches it, it continues open positions. The author has changed the signal several times. I won’t use it anymore, don’t waste your money.” – A 1-star review.
“Hi, I think this EA works very fine. I have been checking at the demo account for a long time and after to do the purchase I can confirm that the EA works very well, It uses a strategy that works in the retracement of the main trend for to go in the direction of this trend. Like all the EAs it has its losses but if you trust in the EA in can to have more gains that losses.The autor has answered all my questions so for me this is a 5 stars EA.” – A 5-star review.
So the reviews are getting both good and bad reviews, the developer had been replying to comments, but there have not been any since 2017, due to this we would suggest that you try and contact the developer with any questions that you may have, you can then ensure that it will do what you need it to do and that the developer will be around to offer support should you need it.