The Ice Cube Scalper Expert Advisor is a daily scalper that performs a large number of trades daily, taking several points with each trade.
The EA opens a large number of trades, about 7 per day for 1 instrument, on average I trade 4 currency pairs, which gives approximately 30 trades per day or 214 trades per week. A large number of transactions allows you to earn good money only on rebates, not to mention from the profits received in the process of trading.
If you give the numbers, then on a deposit of 10 thousand dollars, for 1 trading day I used to receive more than $ 120 only from a rebate.
The EA’s strategy is based on candlestick analysis using the RSI indicator.
Strengths and weaknesses of the adviser
Basically, most deals are closed within an hour, rarely when deals hang for more than a day, this allows you not to get emotional stress from using an adviser.
The adviser has a high profitability with an average drawdown from below to make from 5 to 15% per month, + about 15% more can be received on a rebate, but this is not a fairy tale, the adviser really bangs money in the literal sense.
The EA can work on MT4 and MT5 terminals.
To control risks in the Expert Advisor, you can limit the maximum number of orders for averaging, as well as the equity risk.
Most of the time, if I didn’t close the trade, then the adviser will have online monitoring, where you can see its results in real trading, in other words, you saw them in the slides of this video
Before buying, you can test the Ice Cube scalper in the strategy tester for free.
Not one adviser will not be the Grail in the market, this adviser also has its own weaknesses, let’s talk about them.
The EA uses averaging with a multiplier increase in the lot, in fact it is a kind of martingale, you need to understand this before using the EA, nevertheless, the strategy performed well both in backtesting and in real trading.
The coefficient of increase in orders for building averaging can be independently adjusted, which will allow you to independently reduce or increase the risk in trading.
The Lot Multiplier setting is responsible for adjusting the coefficient.
MQL5 online monitoring
Reviews from real users
Video presentation of the Ice Cube Scalper robot
Recommendations for using the adviser
Deposit from $100 on a cent account or from $2500 on a regular account. Trading lot 0.02 for every 2000 signs of the deposit. Leverage from 1:300 and above. But for the spread, choose standard spread accounts, there is no point in chasing low spread accounts, standard spread accounts will allow you to get big rebate payouts.
Summing up, we can say that this adviser is interesting and generates trading volume and profit, but do not forget that there are risks, but as we know, risk and profit are concepts that intersect, the less risk, the less profit and the greater the risk, the greater the profit.
Test the adviser in practice, I wish you good luck and see you in the next articles.