The Alpha Scalper Pro EA is a fully automated trading robot designed for high-frequency scalping strategies. Below is an in-depth analysis of its configuration settings to help you understand its trading logic, risk management, and expected behavior.
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โ๏ธ Core Trading Parameters:
| Parameter | Value | Explanation |
|---|---|---|
| BUY Order / SELL Order | true / true | The EA is configured to trade in both directions โ long and short. |
| Lot Size | 0.2 | A fixed lot size of 0.2 per trade. |
| Take Profit (TP $) | 0.8 USD | The EA will close trades once a $0.8 profit per order is reached. |
| Stop Loss (SL Pip) | 0.0 | No SL set in pips (potentially risky unless managed by internal logic). |
| Target Profit ($) | 50.0 | Cumulative target before the EA stops trading (or resets). |
| TP Martingale | 500 | A very high TP value in Martingale mode โ may indicate a recovery logic. |
๐ Risk and Martingale Strategy:
- Deret Multiple:
1.0 / 1.0 / 1.1 / 1.1 / 1.2 / 1.2 / 1.4 / ...
โค This defines a custom Martingale progression, increasing the lot size after losses, but in controlled increments. - Pip Step:
8.0
โค Spacing between Martingale trades โ lower pip step increases frequency of grid trades. - Trailing Stop Loss:
- Enabled:
false - Start:
8.0 - Stop:
1.0
โค Trailing is disabled, but settings are configured in case it’s turned on later.
- Enabled:
๐ Signal Filtering and RSI Logic:
- Filter Signal:
true
โค Ensures that only filtered (higher probability) entries are taken. - RSI Period:
14
โค Classic period for identifying overbought/oversold levels. - RSI Buy Level:
10- Very aggressive buy signalโonly enters when RSI is extremely low (oversold).
- RSI Sell Level:
90- Aggressive sell signalโonly enters when RSI is extremely high (overbought).
- Price Type:
Close price
โค Ensures RSI is calculated based on candle closing values, a more reliable signal.
๐ข Other Technical Settings:
- Magic Number:
180388
โค Used to uniquely identify trades made by this EA. - Allow Display:
true
โค Likely shows real-time metrics or trade status on the chart. - Trade Comment:
Alpha Scalper pro
โค Label used in MT4/MT5 trade history for tracking.
โ ๏ธ Important Notes & Warnings:
- No Stop Loss (SL = 0) โ this is a risky configuration unless the EA has internal equity protection or a global stop-out function.
- Martingale Enabled โ while potentially profitable, it increases risk during trending or volatile market conditions.
- Scam Warning:
The header includes a caution:
๐ “BEAWARE OF SCAM PRODUCT WITH OUR NAME” โ highlighting that only the official version should be trusted.
โ Final Verdict: Is Alpha Scalper Pro EA a Reliable Trading Bot?
Alpha Scalper Pro EA is clearly built for aggressive scalping and Martingale recovery strategies. Its dual-direction trading, signal filtering with RSI, and controlled lot scaling make it potentially profitable in sideways or ranging markets. However, due to lack of hard stop loss and the use of Martingale, it carries significant risk in trending markets.
