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An automated Forex trading tool, Pro Scalper EA mainly functions with the MetaTrader platforms 4/5. It claims to work with high-frequency scalping action so as to take advantage of short-term price movements: it aims primarily at major currency pairs such as EUR/USD and GBP/USD during periods of high liquidity. The system is claimed to make use of a blend of technical indicators and volatility filters, besides risk management procedures, automatically placing trades. Low levels of drawdown and adaptive position sizing are its main concerns, with configurations for various risk profiles (conservative/aggressive). Users should run it on VPS servers, ideally brokers with low spreads/fast execution, to achieve maximum performance. It is claimed that little manual intervention is necessary once parameters have been set, although backtesting and forward-testing are encouraged. The documentation includes guidance for optimization under certain market conditions. Compliance with the rules of the brokerage concerning scalping/expert advisors is said to be crucial.
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