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Trend Scalp Expert Advisor Review

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Trend Scalp is currently located on the MQL5 marketplace under the Experts heading. It was uploaded to the marketplace by Dimitry Shutov, it was uploaded on the 22nd of March 2020, it was uploaded to the marketplace as version 1.3, there have not been any additional updates to the software.

Overview

The Trend scalp EA was created to be used with the Metatrader 4 trading platform, it is an automated trading system that is suitable for multicurrency trading. The EA uses the martingale strategy which means that it can be quite dangerous and drawdowns could be high, even though the details suggest that it will not have high drawdowns.

The details suggest that it can be used with a small balance, but often the martingale strategy works best with larger size accounts, although no size of the account is immune to blowing with this strategy. The EA will place a buy or sell, there is no indication of any analysis, so it may just place one randomly, it will then take profits if it goes positive, or if it runs into the negatives, it will place additional trades at an increased lot size in order to try and average out into profit.

The recommended settings to use with this EA include starting lot sizes of 0.01 lots, with a profit selection of 10, step increments of 0.002, and a martingale multiplier of 1.2.

There are some parameters that come with the EA, these include the profit value, when a trade reaches this level it will close, the size of the steps to take between orders, lot sizes to use, and different settings for the martingale strategy.

Service Cost

The Trend scalp will cost you $100 to purchase it, this is a one time purchase that gets you up to 15 activations of the software. If you would prefer to rent the EA, this can be done on a six-month basis and will cost you $45 to rent it this way. There is a free demo version available, it can only be used with the strategy tester within the M4 platform rather than on a live account.

Conclusion

At the time of writing, there were no user-written reviews or ratings available, this is a shame as it means that we do not know whether those that have purchased or rented the Ea are finding it profitable and safe. There are also no comments available so the support being offered is another unknown. You could send your questions and queries to the developer to make sure that it is something that will work for you and that the developer is still around to offer support.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47511

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