The Ice Cube Scalper EA is a robust trading solution designed for the MetaTrader 4 platform, optimized to enhance trading outcomes by utilizing the Relative Strength Index (RSI) to detect market trends. It incorporates a sophisticated averaging strategy with adjustable lot sizes, enabling traders—whether beginners or experienced—to achieve steady profits in the forex market.
One standout feature of the Ice Cube Scalper EA is its automatic lot multiplier, designed to average orders and boost profitability, especially in volatile markets. It focuses on executing multiple trades throughout the day, capitalizing on small price fluctuations with each trade. By following market trends indicated by the RSI, this multi-asset trading tool is engineered to enhance trading performance and capitalize on market movements efficiently.
Key Takeaways
Risk Management: The Ice Cube Scalper EA offers robust risk control by limiting the number of averaging orders and setting a cap on overall capital risk, ensuring traders have controlled exposure.
Trading Time: It allows users to specify trading hours on Fridays, helping to minimize risk as markets tend to become more volatile toward the end of the week.
Trading Control: With the “Trade_Now” feature, users can pause trading anytime, providing flexibility when needed.
Profit Withdrawal: The EA facilitates periodic profit withdrawals, enabling traders to recover their initial investment over time, effectively managing their earnings.
EA Ice Cube Scalper Setting / Features
Recommended Pair: While the EA can handle various currency pairs, it excels when used with major pairs due to their high liquidity and low spreads.
Timeframe: The recommended timeframe is H1 (hourly), offering a balance between trading frequency and signal accuracy.
Minimum Balance: Starting with a minimum balance of $1,000 or a cent account equivalent is advised, with a lot size of 0.01 per $1,000. If using multiple EAs, ensure each EA has at least $1,000 allocated per 0.01 lot size.
Trading Leverage: A leverage of 1:500 is suggested to maximize the EA’s effectiveness while maintaining controlled risk management.
EA Ice Cube Scalper Results
How to install EA Ice Cube Scalper in MetaTrader 4?
- Open MetaTrader 4 (MT4): Launch your MT4 platform on your device.
- Access Options: Click on “Tools” from the menu bar, then select “Options”. Alternatively, you can press Ctrl+O for a shortcut.
- Expert Advisors Tab: In the options window, navigate to the “Expert Advisors” tab.
- Enable Automated Trading: Check the box next to “Allow automated trading” to ensure the platform permits your EA to execute trades.
- Enable DLL Imports: Also, check the box next to “Allow DLL imports”, as some EAs require DLL functionality to work properly.
- Save Settings: Click “OK” to apply and save your changes.
Your MetaTrader 4 platform is now set up to allow automated trading and support DLL imports for your Expert Advisors.
EA Ice Cube Scalper Download
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EA Ice Cube Scalper User Reviews
Check these for user reviews of the EA Ice Cube Scalper EA:
- Forex Peace Army
- Myfxbook
- MQL5 Community
- Trustpilot
- Reddit (r/Forex)
These platforms offer insights from real traders. Here are some user reviews of the ea robot.
EA Ice Cube Scalper Alternatives
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