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StatRev Pro EA

499 USD

Demo downloaded: 14

Published: 5 September 2024

Current version: 3.0

StatRev Pro EA

Experts
Alisa Eichler
Version: 3.0
Updated: 18 September 2024
Activations: 5

StatRev Pro EA: Precision Scalping with Statistical Reversal Analysis

Live Signal Rannforex
Live Signal Roboforex

StatRev Pro is a sophisticated Expert Advisor designed for precise scalping operations, leveraging statistical reversal patterns in the forex market. This EA employs a unique algorithm optimized for short-term price movements on the EURUSD pair.

Key Features:

Specialized for EURUSD pair on M1 timeframe
Advanced statistical reversal detection algorithm
Pure scalping strategy - no martingale or grid systems
Adjustable risk management settings
Virtual and real stop loss and take profit options

Optimal Trading Conditions:

Pair: EURUSD
Timeframe: M1 (1-minute charts)
Spread: Requires low spread conditions for optimal performance
Broker: ECN brokers recommended for efficient execution and competitive spreads

Trading Approach: StatRev Pro uses a refined scalping technique, entering and exiting trades based on statistical analysis of potential market reversals. Unlike many other EAs, it does not employ martingale or grid strategies, focusing instead on precision entry and exit points for each individual trade.

Risk Management: The EA includes customizable risk management features. We recommend starting with conservative settings and gradually adjusting based on performance and risk tolerance. Each trade is independent, allowing for more controlled risk exposure.

Setup Instructions:

Install the EA on your MT5 platform
Apply to a EURUSD M1 chart
Ensure your broker provides consistently low spreads on EURUSD
Adjust input parameters as needed
Use a unique Magic Number if running multiple instances

Testing and Optimization: We strongly recommend thorough backtesting and forward testing on a demo account before live trading. Pay special attention to spread and slippage settings during testing to simulate real trading conditions accurately.

System Requirements:

Stable internet connection
VPS recommended for consistent operation
MT5 platform with EA trading enabled
Broker with low spreads and reliable execution on EURUSD

Support and Updates: We provide support through the MQL5 platform. Regular updates are released to enhance performance and adapt to changing market conditions. All buyers receive free lifetime updates.

Note: Scalping strategies can be sensitive to market conditions and may not be suitable for all investors. Only trade with risk capital you can afford to lose. This EA is a sophisticated trading tool and requires a good understanding of forex markets, particularly the behavior of EURUSD on the M1 timeframe.

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Version 3.0 2024.09.18

- Added the ability to change trade comments
- Implemented a logging system that can be enabled/disabled
- Added a retry mechanism for closing positions
- Enhanced error handling and logging

Version 2.9 2024.09.06

- bug fixes

Version 2.8 2024.09.06

- Reverse filter added.