Tops Scaler can be found on the MQL5 marketplace and was uploaded by its developer Catalin Zachiu. It was first uploaded on the 13th of August 2019, its most recent update was on the 12th of March 20202 and it is currently on version 2.7.
Tops Scalper is a scalping expert advisor for the MetaTrader 4 trading platform. It was designed to create BuyStop and SellStop orders a short distance from the key price levels. It will then try to take advantage of the triggering of the orders at those levels. It is recommended to only use the EA on the H1 timeframe with the major currency pairs. The trades can be managed with the use of taking profits, stop losses, trailing stops, and more.
Plenty of parameters are also available to alter, these include things like the lot sizes, how the lot sizes are managed, percentage of risk, to decrease on losses or wins, hard stops, take profits, trailing stops, max spreads, profit targets, maximum loss, and many more options are available too.
The expert advisor currently costs $30 to purchase it outright, there are no other options such as to rent it, the reviews and comments make it seem that the pricing structure has changed multiple times so it may well change again in the future.
There is a free version available, the main restrictions on the free version are that the lot sizes are fixed and so are the magic numbers. It may still be worth downloading and trying on a free demo account just to see how it functions and so you can be sure that it is the right expert advisor for you.
The Tops Scaler EA has 9 different user reviews giving it an overall perfect score of 5 out of 5.
“I have just done a ten year back test on EURUSD using Tick Suite and this ea and the results are very good. Anyone who would like a copy of the back test and the set file used to create it please pm me and I will be happy to send them to you. I don’t know Catalin but I am sure he is a good person.” – A 5-star review.
“this is a very good free EA I think. I still use a free version coz I still don’t have enough cash for purchase it after some lost in the past…will buy it soon after get some profit from the market. Thanks Catalin” – A 5-star review.
“Excellent EA” – A 5-star review.
The expert advisor has received some great reviews, there are also plenty of comments from people who have purchased it, the developer has been replying to each comment in a prompt manner which shows that he is still actively supporting it. We would advise you to try out the free version and send any queries you have to the creator, just to make sure it is the right expert advisor for you before you make a purchase.