The first thing you need for automatic trading is a trading platform. Our robots are supported by the MT4 trading platform. Any broker that offers this platform will do. Make sure that when picking a broker you pay as little fees/spreads as possible. It also helps if the swap rates are low. In case you don’t have an MT4 supported broker or if you would like to switch from broker, let us know, we work with professional brokers.
Once you purchased the license fee or when you opened a trading account with our partner broker, you will receive an email where we will ask for your MT4 account number. This to code the scalping robot and the price action scalper to only run on that specific account. Our team is here to help you with the installation of the EA including the settings. Purchase your license today
Scalping robot is created to scalp fully automated. Why? To have the least market exposure and pay hardly any swap rates (intraday trading). Scalping involves opening and closing trades within a short period of time. Scalping is different from other types of day trading strategies in terms of holding periods and market analysis.
With most day trading strategies, trades can be held even for a couple of hours within the same trading day. But with scalping, trades are held for a few seconds or a few minutes; and scalpers almost exclusively use technical analysis methods because of the short holding periods of their trades.
The goal of scalping is to capture small profits by taking advantage of small price movements in the market. Scalpers open a large number of trades with the hope that the small profits captured will eventually add up to a large profit amount at the end of the trading session or trading day.