Hamster Scalping V4 (MT4)

Description

Hamster Scalping EA is fully automated and does not use the martingale strategy. Martingale is a known method of investment for many years and is allowed in casinos and other gambling institutions since it always ends with a loss. This type of EAs which use night time scalping is probably the most dominant on the market. Hamster Scalping is using two indicators, the RSI and the ATR. RSI is used to provide a signal on the 5M timeframe to which the EA is designed to and on the EUR/USD currency pair GMT+2. ATR is used to filter the signal if the volatility is too high. Since this kind of scalping is very sensitive and any bigger movements can throw off the indicators, ATR is one of the better indicators used for this purpose.