FRZ Ultimate Scalper is an advanced scalper robot designed to work on H4 charts on MT4. It is based on a modified strategy of the genesis matrix developed by a group of members at forexfactory. Genesis matrix strategy can be considered to be one of the most famous and successful manual forex scalping strategies of all time. We have added few more indicators, filters and logics to the original strategy so that it can be fully automated by a robot.
|Product name||FRZ Ultimate Scalper|
|Time frames supported||M15/H4 (Latest version supports H4 only)|
|Supported currency pairs||You can use it on any currency pair that include EUR, USD, GBP, CAD, AUD, JPY, CHF or NZD. However, we would recommend avoiding EURUSD and other pairs with GBP & CHF.|
|Recommended forex market sessions||Any session can be used; however robot may perform better in European sessions.|
|How often would robot make trades||The robot uses H4 charts with a strong signal filtering mechanism and thus there would not be regular trades. You can increase the number of charts to increase the trading.|
|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 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. If your deposit is less than $250, we recommend 0.01 lot size.|
|License||Single purchase includes license for two (02) trading accounts (including 01 DEMO and 01 real account). You can submit your account numbers after purchase. Both accounts should be submitted at once after purchase. You can NOT change the account numbers afterwards. We offer no refunds or returns.|
|Support||Free installation support|
A VPS server is recommended for this EA as it needs to be running 24/5.
1. 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.
2. Take Profit (ATR Times) => Take profit is set a multiplier of the ATR (Average Trtue 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 dont 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.
3. 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.
4 & 5. Daily Trading Start/End => You can set the robot trading time here in GMT time (not broker time). For instance if you want the robot only to trade particular forex session such as London session, then you can set the London start and end times in GMT.
6. Shrink on News & Weekend => Robot has an inbuilt news filter. And also, the robot will shrink the SL of trades (if any) during news times and during the weekend. You can set the shrink distance here in Pips.
Installation Video (older version)
Backtesting Results (older version) (back-testing may not work properly without special tools)
Please note that past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here