This is a discussion on Testing Results of New MT4 Expert Advisor. within the Forex Beginners forums, part of the Forex University category; Recently , I have tested new expert advisor «Neural Scalping» EURUSD – M5 . The advisor deserves an intent attention, ...
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#1
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Recently , I have tested new expert advisor «Neural Scalping» EURUSD – M5 .
The advisor deserves an intent attention, because it combines the scalping and neural net. The Back test on alpari’s quotations from 2004 is perfect.. I put my impression about advisor in my MT4 blog. |
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Your article is good Forex scalping is in high demand nowadays. Many forex brokers frown upon scalpers, but not us. We are always looking for talented scalpers.True scalping involves opening and closing a position in seconds or minutes at most. Even though scalping involves the use of leverage and higher leverage means higher risk, the short period of time a forex scalper is in a trade decreases the exposure risk that's inherent in trading or investing due to the holding of a position. If done correctly, scalping provides this additional degree of "risk control" that is not even present in day trading.
Scalpers use all sorts of platforms to scalp currencies, but probably one of the most common is MetaTrader 4 (a.k.a., MT4). MT4 is made by a Russian company and has become sort of the "de facto standard" among many forex day traders. The problem in using MT4 for scalping has nothing to do with the platform itself, but with the unscrupulous brokers that license the software and offer it to their clients (see the explanation earlier on brokers that trade against their customers). For MT4 to be used in scalping the forex market without any limitations or restrictions, an ECN-type feed must be used or a multi-liquidity provider feed such as Currenex or HotSpotFxi. Currently, there are a few firms that are working on such a project to be able to accommodate extreme forex day trading or scalping.
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