Advanced AI Scalper EA – A Comprehensive Review
The Advanced AI Scalper EA is an advanced scalping system available on the mql5.com marketplace. It utilizes smart entry/exit algorithms and machine learning to identify safe entry points during calm periods in the market.
This expert advisor (EA) is focused on long-term, stable growth rather than quick profits. It does not use any dangerous strategies like martingale or grid trading. Instead, it relies on artificial intelligence and machine learning to continuously analyze market data and optimize its performance.
In this comprehensive review, we will take an in-depth look at the Advanced AI Scalper EA, including:
- Key features and benefits
- Underlying strategy and approach
- Performance and backtest results
- Recommended broker and account type
- Ideal user and skill level
- Pricing and availability
- Pros and cons
By the end, you should have a clear understanding of what this EA can offer, whether it aligns with your trading style and goals, and if it is worth purchasing.
Key Features and Benefits
Here are some of the standout features and advantages of using the Advanced AI Scalper EA:
One chart setup – The EA only needs to be attached to one chart, typically the EURUSD M5 timeframe. It will then scan and trade across all major currency pairs automatically. This saves you time from analyzing multiple charts manually.
No martingale, grid, or dangerous strategies – As mentioned earlier, the EA focuses on sustainable long-term gains, not risky short-term profits. It does not use any strategies that can quickly blow accounts like martingale and grid techniques.
Hidden stop loss – Stop losses are hidden from the broker to prevent price manipulation around key levels. This protects your capital and account balance.
Machine learning optimization – The EA utilizes artificial intelligence and machine learning algorithms that continuously analyze market data and optimize decisions over time. It learns from past performance to improve future results.
Long-term stability – Rather than aiming for quick wins, this expert advisor targets steady account growth over the long run. This generally means more sustainable and consistent gains.
By leveraging these advantages, the Advanced AI Scalper provides a promising approach for scalping the forex markets.
Strategy and Approach
The Advanced AI Scalper EA is focused primarily on scalping, which involves opening and closing trades within very short time frames. It aims to profit from small price movements repeatedly across different currency pairs.
The underlying mechanism relies on machine learning algorithms to detect high-probability entry signals during periods when the market is relatively calm and stable. Exits also utilize adaptive algorithms to maximize profit capture.
Over time, the continuous analysis of market data enables the EA to refine and enhance its logic for entering and exiting trades. In a sense, it “learns” from past performance to boost future results – leveraging the power of artificial intelligence.
While the exact proprietary algorithms are unknown, this strategic approach demonstrates promising potential for scalping. The use of machine learning, in particular, can give this EA an “edge” in adapting to evolving market dynamics.
Extensive backtests of the Advanced AI Scalper EA over a 20-year period demonstrate consistently strong performance across different market conditions:
Profit factor – This key metric of risk/reward shows an impressive profit factor of 2.12. This indicates the EA has generated over twice as much in gross profit vs gross loss over the long-term.
Low drawdown – The relative drawdown stays very reasonable at 18.4% over 20 years. This highlights the stability of the system and capital preservation.
High winning rate – With a winning percentage of 63%, the EA wins substantially more trades than it loses. The losses also tend to be smaller on average compared to the wins.
Steady growth – Equity curve simulations show consistent upward progression over time with no prolonged drawdowns. Account growth compounds positively without significant setbacks.
Positive expectancy – The average profit per trade is greater than the average loss per trade. This results in positive expectancy – a key element for long-term profitability.
These backtests across over 1.4 million ticks of historical data instill confidence in the viability of the Advanced AI Scalper EA. Of course, past performance does not guarantee future results. Live trading presents additional variables and risks to consider.
Recommended Broker and Account
To allow the Advanced AI Scalper EA to perform at its highest potential, certain broker and account specifications are recommended:
ECN/STP broker – A broker using Electronic Communications Network (ECN) and Straight Through Processing (STP) is ideal. This provides direct market access, variable spreads, and better order execution.
Low spread – Keep spreads as tight as possible. Lower spreads mean the profit target on each trade can be smaller, aligning better with scalping strategies.
Fast execution – Rapid trade execution is vital for scalping the market successfully. Ensure your broker offers top speeds on placing/closing orders.
Minimum deposit $200 – A minimum account balance of $200 is suggested to allow appropriate position sizing and risk management by the EA.
VPS service – Running the expert advisor on a Virtual Private Server (VPS) guarantees 24/7 uptime and fast, reliable connectivity. This is essential for the best performance.
Adhering to these recommendations provides suitable market conditions and sufficient capital for the Advanced AI Scalper EA to thrive.
Ideal User and Skill Level
This expert advisor is well-suited for traders of any experience level for these reasons:
Fully automated – As an automated trading system, the Advanced AI Scalper EA conducts all market analysis, signal detection, order execution and management without any manual intervention. This makes it ideal for beginners.
Customizable settings – While default settings are provided, users can customize parameters to align with personal risk tolerance and strategy preferences. This appeals to advanced forex traders as well.
Dedicated support – The developer offers support in setting up and configuring the EA to maximize its potential. Detailed instructions and guidance are provided.
No ongoing monitoring needed – Once properly configured, the EA does not require ongoing supervision or optimization during live trading. Simply let the algorithm run on autopilot.
Thanks to automation and customization, traders of any background can utilize this technology to augment their trading success. Of course, having some familiarity with EAs, metatrader platforms, and forex in general is beneficial for getting started.
Pricing and Availability
At the time of writing, the Advanced AI Scalper EA is available for purchase on the mql5.com marketplace at the introductory price of $199 for new users.
The developer notes that only 3 out of 10 copies are still available at this price. Once the allocated copies at this price point are sold, the cost to purchase will increase to $299.
The Advanced AI Scalper EA purchase includes a license for use on one live trading account plus unlimited demo accounts. No recurring fees or subscriptions are needed.
As mentioned previously, the developer also provides personalized guidance and support in configuring and installing the expert advisor upon purchase. This helps users fully leverage the capabilities of the software to maximize potential profitability.
Considering the sophisticated functionality powered by artificial intelligence and machine learning algorithms, the competitive pricing further bolsters the value proposition of this promising automated trading system.
Check our advanced Forex Scouts Gold V9 Robot
Advanced AI Scalper EA Pros and Cons
Based on this extensive review, here is a summary of the key advantages and potential downsides to evaluate:
- Utilizes AI and machine learning for adaptive optimization
- Focused on long-term stability over quick profits
- No martingale or grid trading elements
- Hidden stop loss and risk management features
- Backtested over 20 years of market data
- Customizable settings to your preferences
- Dedicated developer support and guidance
- Cost-effective compared to functionality
- No guarantee of future profitability
- Requires recommended broker and VPS for best results
- More effective with larger account balance
- Not a get-rich-quick scheme; takes patience
- Developer has limited public track record
As with any expert advisor, conduct sufficient due diligence and adequately evaluate the pros and cons before committing real capital. Never risk funds you cannot afford to lose.
Advanced AI Scalper EA Conclusion
The Advanced AI Scalper EA provides an intriguing option for traders interested in scalping strategies but don’t want the stress or effort of manually identifying trades and managing orders. Automation through sophisticated algorithms eliminates these burdens.
By incorporating artificial intelligence and machine learning, this technology has the potential to continuously enhance and optimize its trading logic and performance over time. This gives it an advantage over more static expert advisors.
Compelling backtests over long time horizons demonstrate the viability and profit potential of the Advanced AI Scalper EA. However, discretion is still advised when allocating real capital as simulations do not account for all real-world variables.
For traders seeking steadier, long-term gains rather than quick profits, and who align with the recommended account specifications, the Advanced AI Scalper EA is worth considering. Thanks to the combination of automation, adaptability, stability, and accessibility, this expert advisor checks many boxes that appeal to scalpers in the forex sphere.