Hamster the Scalping Forex Trading expert Robot
Hamster Scalping is a fully automated EA with no use of martingale. Night scalping strategy. The RSI indicator and an ATR-based filter are used for entries.
The development of this EA took almost 4 years, much longer than the typical night scalper. Hamster Scalping’s performance is variable but according to the author’s readings, it is highly profitable but may also have a drawdown of more than 30% in extreme cases.
Hamster Scalping allows changing the periods for both ATR and RSI, signal levels, Autolot size calculation, Take Profit and Stop Loss levels, Virtual Stop Loss or Take Profit (it is not relayed to the broker server, it is internally set instead thus invisible for the broker), and almost every function of the EA is configurable. The EA also features the newsreader, that can be adjusted to filter trading for high, mid, and even low impact news. The news feed comes from ec.forexprostools.com, so it is not the most popular news feed media. Some additional tweaking is required to set this in the EA settings. You can set to avoid Wednesday triple swaps, although some brokers have this on Fridays.
Hamster Scalping is a relatively simple EA with a good amount of testing behind it and is not abandoned by the devs in favor of new products. Most developers and companies decide to focus efforts on more complex EA after initial success and often leave some good EAs outdated and unreliable to new market conditions. It is a good sign to see this simple EA recently updated.
General Recommendations
The minimum deposit is 100 USD, default settings are Recommended for EURUSD M5 GMT +2.
Use a broker with good execution & a Raw spread or ECN Features
A very fast VPS is required, preferably with a latency of no more than 3.
Input parameters
The product works both on 4 and 5-digit quotes. Specify values in points like for 5 decimal places in the input parameters, and it will automatically recalculate everything for 4 decimal places.
NOTE:
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DISCLAIMER: Please read carefully before you decide to invest in Forex Market
- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favorable results. Before you purchase please read our RISK DISCLAIMER.
BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat in the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this, we recommend that you test the EA on your own broker account using many variations of currencies, time frames, and settings to make sure you experience favorable results in current market conditions before trading live accounts. - Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
- Before deciding to trade products you should carefully consider your objectives, financial situation, needs, and level of experience. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.