Vision Scalper EA Review – A Powerful Forex Scalping Robot

Table of Contents

The Vision Scalper EA is an automated forex trading robot that implements artificial intelligence and machine learning within its algorithm to find potential scalping opportunities across 28 currency pairs. This expert advisor has been specifically designed for the popular MetaTrader 4 (MT4) platform.

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Overview

The Vision Scalper EA is marketed as the “#1 Forex Scalping Algorithm Powered by AI” and promises to provide traders with long term, stable passive income through forex scalping.

Some of the key features highlighted by the developer include:

80%+ win rate with over 60 trades per day
Over 7000 active subscribers
Artificial intelligence and machine learning
Ability to trade 28 currency pairs from one chart
Advanced risk management and money management
Trailing stop loss
Hedging capabilities
Correlation analysis to find best trading opportunities
News filter to avoid high impact events
Fully customizable settings

How It Works

As the name suggests, the Vision Scalper EA implements a scalping strategy, which means it aims to capture small profits from the forex markets repeatedly throughout the day.

The robot scans the markets for potential entry signals based on its AI-powered algorithm. It then enters trades rapidly when opportunities arise and aims to exit with a small profit per trade.

Some of the entry techniques utilized include breakouts, momentum, trend following, and mean reversion. Exits are handled through take profit and trailing stop loss orders, along with hedging capabilities in case a trade moves against the position.

The EA has been optimized for the 1 hour timeframe but can be adjusted for other timeframes as well.

Features

Here is a more detailed overview of some of the main features and customization options available in the Vision Scalper software:

Advanced Money Management

Lot size calculation based on account size
Fixed or automatic lot sizing
Percentage of account to risk per trade

Risk Management

Maximum trades per day
Maximum losing trades in a row
Dynamic stop loss
Ability to enable virtual stops

Correlation Analysis

Auto selection of best quote/base currency pair

News Filter

Avoidance of high impact news events

Trend Analysis

Trade with or against the trend

Trailing Stop Loss

Customizable trailing stop distance
Breakeven feature

Hedging

Ability to open additional positions to hedge losing trades

Martingale

Option to enable martingale and set step distance

Multiple Timeframes

Can be used on timeframes from 1 minute to 1 day

Multiple Currency Pairs

Simultaneous trading across 28 majors, crosses, and exotics

Backtesting Results

The developer provides limited backtesting results on the website which show strong hypothetical performance over the past 5 years.

However, it is difficult to independently verify these results without access to the testing data. As is common practice in the forex EA industry, MyFXBook verification would add more credibility regarding historical performance.

It is also worth noting that due to the scalping nature of this EA, broker selection, spreads, commissions, and execution speeds will likely have a significant impact on real-world results compared to simulated backtests.

Pricing

The Vision Scalper EA is available through two pricing options:

Monthly License

$99 per month
Access for 1 MT4 account
Unlimited demo accounts

Lifetime License

$399 one-time fee
Lifetime access
Free updates
Support included

Vision Scalper EA Pros and Cons

Pros

Customizable scalping system
Multiple trading features and options
Developer offers refund policy
Good hypothetical backtest results

Cons

No third-party verification as of yet
Scalping results may vary significantly by broker
Higher risk of over-optimization
Requires monitoring and optimization

Vision Scalper EA Conclusion

The Vision Scalper EA provides traders with an extensive suite of features to automate a forex scalping strategy across multiple currency pairs simultaneously.

While the backtesting statistics indicate strong potential, real-world results can differ substantially and lack independent verification thus far. As with any EA, proper forward testing and optimization is critical prior to committing real capital.

Overall, the Vision Scalper may appeal to traders seeking an advanced scalping solution but should be evaluated cautiously like any expert advisor before integration into a trading plan. Ongoing transparency regarding real account results from the developer could provide more confidence in the EA’s capabilities.