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Smart Scalper PRO Review Introduction

Smart Scalper PRO is very simple, but it is based on the most proven trading principle since the markets exist – enter the market in the direction of a strong market impulse after a reasonable correction is detected.

License

1 Real and 3 Demo Accounts.

Broker / VPS

Only well-known ECN brokers with a good reputations are Compatible. Brokers producing repeatedly unusual spread increases, too high slippage, or execution delay, should not be used with Smart Scalper PRO.
We recommend Installing Smart Scalper PRO on TradingFX VPS Forex VPS and using it for trading on an account of Tickmill, Alpari, or IC Markets Forex brokers for the best stability and profitability.

Operating System

Smart Scalper PRO is Compatible with MAC OS and Windows OS.

Updates

FREE Lifetime Updates.

Support

Professional 24/7 Client Support via Email.

User Guide

An Easy-to-Follow Detailed PDF Manual with Instructions to Setup, Activate, Configure, Live Use & Backtest Smart Scalper PRO is Included. Setting Recommendations are Included in the Official Website's Members Area.

MT5 Version

An MT5 version is included.

Refund Policy

60-Day Money-Back is Guaranteed by the EA Vendor FXAutomater.

Supported Currency Pairs

GBPUSD, EURUSD, USDCHF, USDJPY and USDCAD, plus optional GBPUSD high frequency - high profit settings.

MT4 Chart Timeframe

M15

Smart Scalper PRO is the professional version of the popular scalper BF Smart Scalper EA with a lot of new features/systems and improvements.

3rd Party Verified Live Trading Results

Settings: Default Settings
Started On
Sep 09, 2020
Leverage
1:500
Broker
IC Markets
Account Type
Real
Starting Balance
36300
Settings: Default Settings
Started On
Dec 19, 2019
Leverage
1:500
Broker
IC Markets
Account Type
Demo
Starting Balance
361000
Settings: Default Settings
Started On
Apr 06, 2021
Leverage
1:500
Broker
Alpari INT
Account Type
Demo
Starting Balance
361000
Settings: Default Settings
Started On
Mar 17, 2021
Leverage
1:500
Broker
Alpari
Account Type
Demo
Starting Balance
361000

How to backtest Smart Scalper PRO

If you wish to back-test Smart Scalper PRO, first you should download history from the MetaTrader history center: click Tools -> History Center, or press the "F2" key on the keyboard. In the list, find the currency pair that you wish to back-test and double click to expand it. Click "1 Minute (M1)" and then click "Download". When the download process is finished, double click on "5 Minutes (M5)” and "15 Minutes (M15)" to convert the M1 data (repeat this for the rest of the time frames). Close the "History Center" window. Restart the MT4 terminal in any case. Check the below image!

Smart Scalper Pro

To open the "Strategy Tester" window click the "Strategy Tester" button on the MetaTrader menu, or press "Ctrl+R" on the keyboard. In the "Strategy Tester" window chose Smart Scalper PRO, chose one of the supported currency pairs, chose the M15 timeframe, and chose the method "Every tick ...", as shown below. Click "Start" to start the back-test.

Smart Scalper Pro Backtesting

The back-test by "Every tick" is the most precise, but it is very slow. If you wish to save time you can run the back-test on the M1 timeframe by the "Open price only ..." method and this will be correct too.

Metatrader Strategy Tester Smart Scalper PRO Backtests

Trading Strategy

At the core of this trading principle, is FXAutomater's deeply encoded human psychology, which will never change. Their goal was to keep Smart Scalper PRO as simple as possible in order to prevent the curve-fitting, which is the biggest enemy of an EA trading. FXAutomater have added a lot of new additional features/systems in this PRO version to improve its performance.

Smart Scalper PRO Features

  • Strong, pure, and simple trading logic.
  • Reasonable TP and SL levels plus a new ATR-based algorithm.
  • Low drawdown.
  • Solid 18-year backtest performance.
  • Multiple currency pairs support.
  • Advanced News Filter.
  • Advanced Time Management System.
  • New, improved, highly effective exit logic.
  • Email and Push Notification system.
  • Friday Exit System.
  • 24/5 trading, without any time restrictions - no GMT shift hassles.
  • High spread, slippage, and broker protection.

Smart Scalper PRO Metatrader Parameters

==== Risk Management ====

  • FixedLots - fixed trading volume (works if AutoMM1=0)
  • AutoMM - values greater than 0 (zero) activate automatic ММ (traded volume as a percentage of free margin).

==== General Settings ====

  • Magic - magic number - it is extremely important to keep this different for all robots.
  • EA_Comment - text which will be added as a comment to each trade opened by Smart Scalper PRO.
  • MaxSpread - maximal allowed spread for position opening.
  • Slippage - maximal allowed slippage for position opening.
  • TicksTrade - if false, the logic will be executed at the beginning of M1 bar, otherwise it will calculate and trade on a new price tick.
  • StealthMode - true/false - conceal stop loss and take profit levels in program logic making them invisible to brokers. If you use this mode, the stop loss and take profit orders are not located in the trading server.
  • EmergencyStopDist - second level of protection, when StealthMode is used. At values greater than zero, it activates a second level of true (Emergency) StopLoss on a greater distance than the virtual hidden StopLoss is located. In such case, the value of the new emergency StopLoss will be the sum of the EmergencyStopDist value plus the value of the hidden StopLoss.
  • StopLoss - stop loss value in standard 4 digit pips
  • TakeProfit - take profit value in standard 4 digit pips.
  • BandPeriod - Bollinger Bands period - reasonable value range 5-20, opt. step 1
  • MaxBreakEntry - the maximum allowed breakout
  • BandBreakEntry - breakout in 4-digit pips of the BB line to initiate an opposite trade (the value could be negative) - reasonable value range 0-5, opt. step 1
  • BandBreakExit - breakout in 4-digit pips of the opposite BB line to initiate closing of the existing trade (the value could be negative) - reasonable value range (-5) to 5, opt. step 1
  • ATR_TF_FL - timeframe in minutes of the ATR indicator, used to prevent trading in too high volatility
  • ATR_Per_FL - period of the ATR indicator
  • MaxATR_FL - maximum value of the ATR indicator
  • ExitProfitOnReverse - profit in pips on which the position will be close if reversal bar is formed - reasonable value range 5 to 15, opt. step 1
  • Reverse_Bar_TF - the timeframe of the reversal bar – M1 or M5
  • MA_Fast_Period - fast moving average period - reasonable value range 1-20, opt. step 1
  • MA_Slow_Period - slow moving average period - reasonable value range 20-120, opt. step 5
  • MA_Trend_TF - timeframe of both MAs
  • Trend_Impulse - relative strength of the market impulse - reasonable value range 0-60 opt. step 5

==== Dynamic SL & TP ====

  • Use_ATR_Profit - activates the ATR based exit profit algorithm. If it is “true” it will be used instead the ExitProfitOnReverse value
  • ATR_Profit_Factor - the ATR value multiplier for calculating the new ExitProfitOnReverse value
  • Use_ATR_Stop - activates the ATR based Stop Loss algorithm
  • ATR_SL_Factor - the ATR value multiplier for calculating the Stop Loss value
  • ATR_TF_SL - the timeframe on which the ATR indicator is calculated – default 1440 (D1)
  • ATR_Per_SL - the period of the ATR indicator – default 1

==== Notifications ====

  • EMAIL_Notification - true/false - enable/disable email notifications
  • PUSH_Notification - true/false – enable/disable push notifications to mobile phones

==== GMT Settings ====

  • GMT_Offset - winter GMT offset of your broker
  • Calculate_DST - true/false - Set TRUE if the broker shifts the GMT offset with +1 in Summer. Set FALSE if broker use same GMT offset whole year

==== News Filter Settings ====

The News Filter function is disabled by default. It is your personal choice whether, or not to activate this function. The News Filter function can increase the profit factor of the system and reduce the drawdown, but also can reduce the number of the trades and the total profit.

  • Avoid_News -
  • Include_Medium_News -
  • Filter_NFP_FOMC_ONLY -
  • Wait_Before_News -
  • Wait_After_News -

Configure MT4 terminal to allow WEB Requests to the following url: http://www.fxautomater.com Only this way the news filter will be able to work properly!

You can find it in: MT4 terminal -> Tools -> Options -> Expert Advisors -> Allow WebRequests for listed URL (check the image below):

MT4 Allow WebRequests for FxAutomater

==== Time Management Settings ====

These settings have been specially developed to help traders avoid certain hour periods during the trading week when the Forex market behaves more unpredictable.

  • AllowedHour_ForBacktest - this parameter is only for backtesting! It helps optimizing the Time Management system. Here is how you can use it. During the optimization set start value 0, end value 23 and the step 1. You can optimize only one day per optimization. For example you want to optimize the forbidden hours for Monday, you have to disable other days bay settings TuesdayTrading=false ... to ... FridayTrading=false. At the end of the optimization the tester will show you the best hours for trading on Monday. You can add the bad hours in the parameter MondayForbiddenHours separated by comma, for example: 1,4,6.
  • MondayTrading - true/false - enable or disable trading on Monday
  • MondayHoursForbidden - forbidden trading hours for Monday (applies only when MondayTrading is enabled). You can set several values between 0 and 23 separated with commas. For example, if you set MondayHoursForbidden=9,10,11 the EA will not trade from 9:00 till 11:59. The hour values for this parameter are related to your broker’s server time (the Market Watch)!
  • TuesdayTrading - true/false - enable or disable trading on Tuesday
  • TuesdayHoursForbidden - forbidden trading hours for Tuesday (applies only when TuesdayTrading is enabled). You can set several values between 0 and 23 separated with commas. For example, if you set TuesdayHoursForbidden=9,10,11 the EA will not trade from 9:00 till 11:59. The hour values for this parameter are related to your broker’s server time (the Market Watch)!
  • WednesdayTrading - true/false - enable or disable trading on Wednesday
  • WednesdayHoursForbidden - forbidden trading hours for Wednesday (applies only when WednesdayTrading is enabled). You can set several values between 0 and 23 separated with commas. For example, if you set WednesdayHoursForbidden=9,10,11 the EA will not trade from 9:00 till 11:59. The hour values for this parameter are related to your broker’s server time (the Market Watch)!
  • ThursdayTrading - true/false - enable or disable trading on Thursday
  • ThursdayHoursForbidden - forbidden trading hours for Thursday (applies only when ThursdayTrading is enabled). You can set several values between 0 and 23 separated with commas. For example, if you set ThursdayHoursForbidden=9,10,11 the EA will not trade from 9:00 till 11:59. The hour values for this parameter are related to your broker’s server time (the Market Watch)!
  • FridayTrading - true/false - enable or disable trading on Friday
  • FridayHoursForbidden - forbidden trading hours for Friday (applies only when FridayTrading is enabled). You can set several values between 0 and 23 separated with commas. For example, if you set FridayHoursForbidden=9,10,11 the EA will not trade from 9:00 till 11:59. The hour values for this parameter are related to your broker’s server time (the Market Watch)!
  • SaturdayTrading and SundayTrading - true/false - enable or disable trading during Saturday and Sunday respectively. Due to big GMT offset, some brokers trade during weekends and for that reason we added these parameters as well

Example: MondayHoursForbidden = "9,10,11,12,13,14,15,16";

==== Friday Exit ====

  • FridayExit - true/false - if you wish to close all trades on Friday, you should use FridayExit=true.
  • ExitHour - the robot will close all open positions at this hour on Friday.
  • LastTradeHour - the robot can trade until the end of this hour on Friday (including this hour).

If you decide to use the "FridayExit" option you should set LastTradeHour and ExitHour several hours before the market closing of your broker on Friday.

Bottom Line

One of the main reasons to purchase and use Smart Scalper PRO is that it is a fully automated and easy-to-use expert advisor (forex robot), which will help you during the live trading and growing your account balance. Smart Scalper PRO can trade 24/5 completely automatically for you. Smart Scalper PRO is a low-risk strategy. It comes with reasonable TP and SL levels plus a new ATR-based algorithm which decreases the drawdown and increases the Profit Factor. Smart Scalper PRO is very simple, but it is based on the most proven trading principle since the markets exist – enter the market in the direction of a strong market impulse after a reasonable correction is detected.

All future updates of Smart Scalper PRO will be completely free for you and you will get professional support from FXAutomater's team.

Smart Scalper PRO is a very powerful trading system that includes the most important features and systems you need for risk-free trading: Money Management, Broker Protection, Spread Protection, 24/5 trading, Highly effective Exit Logic, Dynamic Stop Loss and Take Profit, Multi-Currency Trading, Advanced Time Management, News Filter, Email and Push Notification System, Friday Exit System and etc.

4.2/5
99 total votes.

Latest Smart Scalper PRO News and Updates

MaxSpreadExit Parameter was added in Smart Scalper PRO FxAutomater have added the parameter MaxSpreradExit in Smart Scalper PRO by request of their users. The parameter is used to control closing the trades and avoid closing the trades when the current market conditions are not good.

Talk about Smart Scalper PRO

Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.