Biohazard EA Scalper Review
Biohazard EA Scalper is an automated trading system designed for the MT4 platform. It uses a trend-following scalping strategy that combines Bollinger bands and RSI indicators to identify potential trade setups. The EA works on all forex pairs and is specifically designed for M1 and M5 timeframes.
The Biohazard EA Scalper uses Bollinger bands to identify market volatility and establish the upper and lower boundaries of the price range. The RSI indicator is used to determine the strength of the current trend. The EA may not work properly during periods of low volatility, and it may be susceptible to slippage and spread widening during high market volatility or low liquidity.
Biohazard EA Scalper Features
- Works on all forex pairs
- Uses Bollinger Bands and RSI for its strategy
- Works only on M1 and M5 timeframes
- BB period: Default value is 23, which determines the number of periods used to calculate the Bollinger bands
- RSI period: Default value is 18, which determines the number of periods used to calculate the RSI
- MagicNumber: Default value is 29500, which is used to identify trades opened by the EA
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Biohazard EA Scalper Summary
Biohazard EA Scalper is a trend-following scalping system that uses Bollinger bands and RSI indicators to identify potential trade setups. While it can be used on all timeframes and forex pairs, its performance may vary based on market conditions and specific settings. The EA is not available on the MQL marketplace, and you have to buy it from third-party sources. It is essential to note that the EA’s performance may be affected by factors such as broker spreads, slippage, and market conditions. Therefore, it is crucial to monitor and optimize the EA’s settings and performance regularly.
Keep in mind that using an EA involves risks, and there is no guarantee of success. It is essential to consider your individual trading goals and risk tolerance before using the Biohazard EA Scalper.