FAQ

How does the EASY Scalperology Bot work?

The EASY Scalperology Bot operates using a streamlined approach to capitalize on quick market movements, employing the EASY Trading AI strategy without additional filtering layers that other bots might use. Here’s how it works, step-by-step:

1. Data Collection and Signal Generation:

Real-time Tick Data Collection: The bot continuously collects real-time tick data, which includes every single price change, the time of each tick, and transaction volumes. This high-resolution view of market dynamics is crucial for scalping, where success depends on reacting to micro-fluctuations in the market.
Initial Pattern Analysis: Utilizing the “Model Analyze” function, the bot processes this tick data to identify trading patterns and potential signals. This analysis is based on comparing current market data with historical patterns to recognize opportunities that have previously led to successful trades.

2. Signal Validation:

Min pp Similarity Check: The bot applies the “Min pp similarity” parameter, ensuring that the patterns it recognizes closely match those identified as successful in the past. This step is crucial for minimizing false signals and enhancing the accuracy of its trading decisions.
Max Signal Deviation Checks: The bot ensures that the current market price has not deviated significantly from the signal price beyond the set “Max Signal Deviation in pips” to avoid slippage. It also checks the “Max Signal Deviation in Sec” to ensure that the trade is executed in a timely manner, crucial for maintaining the relevance of the signal.
Spread Check: Before executing a trade, the bot assesses the current market spread, ensuring it does not exceed the predefined “Max Spread” setting, which could impact the profitability of a trade.

3. Trade Execution:

MM Mode Application: Depending on the Money Management (MM) setting chosen (Fixed, % SL Level, or Fixed Margin), the bot calculates and adjusts the lot size or the amount of margin to be used for the trade.
Executing the Trade: Once all conditions are met—pattern recognition, validation, and risk parameters—the bot proceeds to place the trade without additional filters or confirmation models that other bots might use. This direct approach allows the Scalperology Bot to capitalize on opportunities faster than other models, which is essential in scalping.

4. Risk Management and Ongoing Adjustments:

Max Profit/Loss Day Checks: After executing trades, the bot continuously monitors profits or losses against the day’s set limits. If these limits are reached, it halts trading to protect gains or prevent further losses.
Continuous Market Monitoring: The bot keeps tracking market conditions and adjusts open positions accordingly. It employs stop-loss, take-profit, and potentially trailing stops to manage ongoing trades effectively.

The EASY Scalperology Bot is designed for traders who prioritize speed and efficiency, offering an automated solution that quickly processes and acts on information using a clear set of predefined rules and parameters. This makes it particularly suited for the scalping strategy, where small, quick profits are made through rapid entries and exits in the market. Its ability to execute trades without the additional delays caused by further signal validation or filtering allows traders to seize every possible advantage in fast-paced market environments.