FRZ Ultimate Scalper is an advanced EA robot designed to work on H4 charts on MT4. It uses a proprietary advanced swing trading strategy using multi timeframe data. It also includes an inbuilt news filter. Vertical dotted lines in red on the chart indicate the upcoming news. It will not take trades when high impact news is nearby. Also if there are on-going trades, the robot will tighten the stop-loss during news-times. Further, it also features a weekend fluctuation guard where the stop loss is tightened for trades that are kept over the weekend. The stop loss is shrunk on Friday close and reverted back to normal level on Monday open. However, the robot will review all the trades just before the Friday end and it may close all trades based on its algorithm without keeping them over the weekend.
|Product name||FRZ Ultimate Swing Scalper|
|Time frames supported||H4 (M15 no longer supported)|
|Supported currency pairs||It works on any currency pair.|
|How often would robot make trades||The robot uses H4 charts with a strong signal filtering mechanism and thus there may not be regular trades.|
|Risk assessment||Comparatively low risk as it does NOT use any risky strategies such as martingale, grids, hedging, averaging, or arbitrage. Only one trade per chart at any given time with define lot size as % of the balance. It also avoids related pairs.|
|Recommended broker||Any broker with low spreads|
|Recommended min. deposit||Any amount. Please set the lot size in line with your deposit size. Lot size it set as a % of the account balance.|
Single purchase includes a license for any two (02) trading account numbers (Two accounts can be either 02 real accounts or 01 demo & 01 real account). You can submit your trading account numbers after purchase. You can submit the two trading accounts numbers within 60 days of purchase. The trading account numbers can not be changed later. Additional licenses can be added at an additional fee. We do not offer refunds or returns. The full terms and conditions are given here.
After the purchase, visit this page to submit your account numbers. Existing customers can request free updates here if any (updates are free for a period of six months from the purchase only for the originally licensed account numbers), and additional licenses can be requested here subject to our terms.
FRZ Ultimate Scalper – Forex Scalping EA
|Support||Free installation support|
A VPS server is recommended for this EA as it needs to be running 24/5. We recommend this VPS provider. A VPS package with at least 2GB RAM & is sufficient for this robot.
- Lot Size => Here you can set the lot size. Please set the lot size in line with your deposit size. If your deposit is less than $250, we recommend 0.01 lot size.
- Take Profit (ATR Multiplier) => Take profit is set as a multiplier of the ATR (Average True Range) (not in Pips). For instance, if you put 2 here, that means your take profit is two times of your ATR at the time of trade entry. That means if the ATR was 15pips at that time, then the take profit will be 30pips. Please also note that stop loss is decided by the Robot itself and you don’t need to enter stop loss size manually. Also, the robot would often close the trade before it hits SL when it determines that the trade is going to go other way.
- Max Spread (Pips) => Here you can set the maximum spread in pips you can allow. If the spread is more than this amount, the robot will not take trades.
- Stop-Loss (ATR Multiplier) => Stop loss is set as a multiplier of the ATR (Average True Range) (not in Pips).
- Break Even Point => Breakeven point can be set as a % of the take profit
- Magic Number => You can change if necessary but it is recommended NOT to change it. You can leave it the same on all charts.
This is for an older version but the installation process is quite the same.
Backtesting Results (This is for the older version) (back-testing may not work properly without special tools as the EA uses multi timeframe data)
Please note that the past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here