The Evening Scalper Pro EA is a trading robot or Expert Advisor that specializes in Scalp trades that are installed on MetaTrader 4 or 5 and executes trades on New York sessions.
This EA never uses the Martingale strategy or compensatory trades, and it tries to execute safe trades based on the reversal point strategy. To get more familiar with the Evening Scalper Pro EA, stay with us till the end of the article.
The Evening Scalper Pro EA installation training
Generally, installing the expert advisor on both MetaTrader 4 and 5 has the same method. Firstly, you should download the file of the EA and click on the “File” option, then select “Open Data Folder” in order to be guided to the installed MetaTrader page.
Then, click on the “MQL” Folder, open the “Expert” and paste the file there. Finally, close and open MetaTrader once to run your Expert Advisor on MetaTrader.
But before that, we suggest you read our “What is a Forex Robot?” article to gain more knowledge about it.
How to work with Evening Scalper Pro EA?
When you work with the Evening Scalper Pro EA, you don’t need to change any settings due to the expert advisor adjusts the best possible settings automatically.
However, if you want to change your trading strategy or the volume of your account balance, you can make the following adjustments:
- Allow Opening New Trades – On/Off: If you turn this section on, it allows you to open multiple trades simultaneously.
- Lot-sizing Method: In this section, you can choose to use a fixed lot size for all trades or adjust it based on the risk level of the trades.
- Symbols Separated: Specify the trading symbols that you want to use.
- Hour to Start/Stop Opening Orders: Set the trading time interval according to your preference.
- Stop Loss: Determine the daily stop loss limit.
- News Filter: Set the trade status on news to help you make better trading decisions.
The best trading session for using the Evening Scalper Pro EA
As far as the Evening Scalper pro EA needs to Scalp on a large volume of the market it only executes trades on the New York trading session, and the reviews show the best results come from this trading session.
The best trading symbol for using the Evening Scalper Pro EA
The research shows that the Evening Scalper expert advisor has its best performance on the EUR/AUD, EUR/NZD, GBP/CAD, GBP/AUD, EUR/GBP, AUD/CAD, and AUD/NZD trading symbols, and it gains it’s best results and output from them. The common mistake among users is using this robot on gold or XAU/USD, which warned them not to run it on gold.
The best trading timeframe for using the Evening Scalper pro
When you buy this expert advisor, you will receive a file which is called “SET,” and the best settings are adjusted there. The Evening Scalper Pro expert usually trades in the 5-minute time frame, and it’s designed for this timeframe.
The best performance of the Evening Scalper Pro EA
The performance results of Evening Scalper Pro EA in the backtests are better than the results on the MyFxBook website.
Undoubtedly, we can not only trust backtests. The next point is that the results of the robot that is active on the MyFxBook website change every six months; this issue shows that, unlike what the creators said, this robot is not efficient and trustable in the long term.
The trading strategy of the evening scalping pro EA
It’s not entirely clear what strategy the creators of this robot use, but research suggests that it leverages the opportunities presented by significant market trends and reversal points in 5-minute time frames.
One of the major benefits of the Evening Scalper EA is that it doesn’t rely on Martingale to compensate for losses; instead, it will halt trades once its daily loss limit is reached. One of the robots that has gained good points in forex based on users’ opinions is the Alpine robot, which can be a great experience of buy forex ea.
Advantages and disadvantages of Evening Scalper Pro EA
The most important advantages of Evening Scalper Pro include.
Advantages of Forex Evening Scalper Pro EA:
- The maximize design for conclusion in the long term;
- Capability to use it in several brokers;
- Providing regular updates;
- Supporting Meta Trader 4 and Meta Trader 5;
Disadvantages of Forex Evening Scalper Pro EA:
- High price;
- Weak and unreliable results in long-term;
What we read in the Evening Scalper Pro
As we read in the review of Evening Scalper Pro, it is a trading robot that is considered acceptable in the Forex market and has attracted considerable attention. Although the robot performs well in backtesting and short-term trading, its real-world performance over periods longer than six months has been found to be lacking in quality. If you are interested in checking the performance of Forex robots, you can check MyFXBook site.
Even with updates, this problem cannot be completely solved. But do not be worried; we have a great alternative robot for you, which is called Alpine EA. It provides many significant items!
How much does the Evening Scalper EA cost?
This robot is priced at almost $2000, which provides two licenses to users.
Does the Evening Scalper robot update?
One of the positive features of the Evening Scalper robot is its free and regular updates.