Advanced Swiss Scalper MT5

The Advanced Swiss Scalper MT5 is a forex trading software that has been designed with low spread brokers in mind. The software operates using an Expert Advisor (EA) that employs a scalper strategy, which is crucial for low spread accounts.

Key Features of Swiss Scalper MT5

One of the main features of the Swiss Scalper MT5 is that it avoids the use of Martingale and Multiplier Lot strategies. Instead, it follows a trend scalping approach, which is more effective for low spread trading. The EA also includes a news filter which stops the software from trading before high-impact news events, preventing potential losses.

Furthermore, the Swiss Scalper MT5 has a scalping mode that can stop the EA under certain circumstances. However, it should be noted that the news filter cannot be backtested. This means that backtesting results may not accurately reflect the real performance of the EA, as the news filter helps to eliminate bad trades and limit drawdown.

Trading Parameters

The Swiss Scalper MT5 can be set up on a EURUSD M15 chart and the lot size can be adjusted according to the trader’s deposit. In the MT5 version, if the EA is attached to the EURUSD M15 chart without enabling the parameter Multiple Symbol Backtesting = True, the EA will only trade in the currency pair to which it is pegged.

When Multiple Symbol Backtesting = True is enabled, the EA will trade three currency pairs by default: CHFJPY, GBPCHF, and EURCHF. It is important to manually adjust this feature first to enable multicurrency trading.

Recommended Trading Conditions

The recommended deposit for trading with the Swiss Scalper MT5 is $250 for three pairs. The default setting for the time frame is M15. It is important to contact the seller immediately after purchase to receive instructions and a manual guide on how to set up the EA.

Performance and Backtesting

The strategy of the Swiss Scalper MT5 has been back-tested from 2008 to 2022 using every tick based on real ticks in MT4 using Dukascopy Real Ticks with 100% tick quality. This product has been independently tested on the forexroboteasy.com website, where users can also subscribe to updates on the results of testing this product.

FAQ

What is the minimum deposit for using the Swiss Scalper MT5?
The minimum recommended deposit for using the Swiss Scalper MT5 is $250 for three pairs.

Can the Swiss Scalper MT5 trade multiple currency pairs?
Yes, the Swiss Scalper MT5 can trade multiple currency pairs when the parameter Multiple Symbol Backtesting = True is enabled.

Does the Swiss Scalper MT5 have a news filter?
Yes, the Swiss Scalper MT5 includes a news filter that stops the software from trading before high-impact news events.

We welcome users of the Advanced Swiss Scalper MT5 to share their experiences using this product. This independent review does not endorse any product, but aims to provide information to help traders make informed decisions.