RAXA Scalper TRDMRT EA

Overview

The RAXA Scalper TRDMRT EA MT4 is an automated Expert Advisor designed for scalping in the foreign exchange market. Here are the key details:

• Minimum Deposit: $100
• Timeframe: M1 , M30
• Currency Pair: XAUUSD (Gold against the US Dollar)

Key Features

1. Scalping Strategy: The EA focuses on short-term trades, aiming to profit from rapid price movements. It identifies pullbacks within the major trend and executes trades accordingly.
2. Market Orders: The EA operates using market orders, ensuring quick execution without waiting for pending orders to trigger.
3. Limited Averaging: To manage risk, the EA employs limited averaging. It safely turns otherwise negative trades positive by strategically adding positions.
4. Optimal Pairs: While it can be used on various currency pairs, the EA performs best on the following:
   • USDJPY
   • EURUSD
   • GBPUSD
   • USDCAD
   • USDCHF
   • AUDJPY
   • EURCAD
   • EURGBP
   • EURJPY

Strategy

The core strategy of the RAXA Scalper TRDMRT EA MT4 revolves around the following principles:

1. Trend Pullbacks: The EA identifies pullbacks within the prevailing trend. When the price retraces, it enters trades in the direction of the overall trend.
2. Risk Management: The EA incorporates a stop loss for every trade, limiting potential losses. Additionally, it calculates lot sizes based on account risk (if money management is enabled).
3. NFA/FIFO Compliance: Traders can choose to enable NFA/FIFO compliance if needed.
4. Multi-Pair Trading: While it can handle multiple pairs, the EA only opens trades on one pair at a time. This approach increases trade frequency without significantly impacting drawdown.