Alfa Scalper Free Download

Alfa Scalper

Alfa Scalper is a robust expert trader offering opportunities to automate Forex trading by scalping regular small profits. Alfa Scalper traders EURUSD, GBPUSD, GBPJPY currency pairs on M1 and M5 timeframes with the usage of scalping strategy. The recommended leverage for trading with this EA is 50:1. The advisor’s average annual profitability is 49.36%. A Buy or Sell arrow appears with a recommended StopLoss, and then you will get up to 3 adaptive TakeProfit levels.

The performance of the product is enhanced by using a unique adaptive scalping technology that continues to detect market conditions to provide three different profit-taking price points. As its name implies, Alfa Scalper is tailor-made to be used on 1-minute and 5-minute time frames, which helps maximize its profit potential.

BUY or SELL when a signal arrow appears and close trades when the indicator tells you to. That’s it! A BUY or SELL arrow will appear with a recommended STOPLOSS, and then you will get up to 3 adaptive TAKEPROFIT levels. What could be easier than that? This indicator works on the 1 Minute and 5 Minute timeframes, giving you the power to get in and out of trades really fast. Even if you have a small account, you could easily make 5 to 10 quick trades that would boost you to $100 or more per day.

According to the developer, the system can easily offer 100 pips per day, if the market is trending. When used correctly, Alfa Scalper also has the potential to offer consistent profits with a high profit-loss ratio. Its user-friendly interface is designed for all level of traders, which means that anyone can start using the system without extensive learning-curve. Overall, Alfa Scalper is an easy-to-understand and easy-to-implement automatic Forex system allowing investors to reap consistent daily profits.

Alfa Scalper EA: The Ultimate Guide to Automated M1 Scalping

Alfa Scalper by Karl Dittmann is a popular scalping expert advisor for MT4 that trades the M1 timeframe across forex pairs. This lightning fast EA enters and exits micro trades rapidly, aiming for small consistent profits.

But is Alfa Scalper suitable for your trading style and account? This in-depth guide explores how Alfa Scalper’s logic works, key EA settings, pros and cons, and tips for optimizing M1 scalping performance.

What is Alfa Scalper EA?

Alfa Scalper is an automated trading system developed by Karl Dittmann designed specifically for 1-minute scalping strategies across currency pairs on MT4.

This advanced expert advisor analyzes tick data in real time to identify short-term price movements and volatility patterns. When momentum aligns with its entry criteria, Alfa Scalper triggers micro trades aiming to bank 1-5 pips profit per position.

By closing trades quickly within 1-2 minutes, the EA limits exposure to market fluctuations. It attempts to accumulate consistent micropips through high volume scalping across multiple currency pairs simultaneously.

TheAlfa Scalper algorithm was backtested across over 15 years of tick data for robust optimization before commercial sale to validate its real-world profitability.

How Alfa Scalper’s Trading Logic Works

Alfa Scalper incorporates sophisticated analysis and execution algorithms to automate scalping:

  • Microtrend Analysis – Identifies micro patterns and momentum using tick data, oscillators, moving averages, and more.
  • Signal Detection – When alignment occurs, a pending order is prepared for entry.
  • Lightning Fast Execution – Trades trigger and fill rapidly thanks to low latency connectivity and coding.
  • Ultra Short Hold Times – Positions typically close within 1-5 minutes after limited price movements.
  • Small Profit Targets – Consistently aims for micro profits of 1-5 pips per trade.
  • Risk Management – Protective stops implemented on all trades plus position sizing controls.
  • Immediate Re-engagement – Trade logic loops continuously for endless scalping opportunities.

This precise cycle repeats itself hundreds of times daily across multiple currency pairs, aiming to accumulate micropips of profit that compound.

Key Settings and Parameters

Alfa Scalper comes equipped with various customizable settings traders can calibrate:

  • Currency Pairs – EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD plus more.
  • Timeframes – Built for M1 chart but can trade M5 or M15 timeframes.
  • Max Open Trades – Run simultaneously on multiple pairs but limit positions per pair.
  • Take Profit in Pips – Set a fixed profit target like 2, 3, or 5 pips.
  • Stop Loss in Pips – Limit loss per trade to a small amount like 5 or 10 pips.
  • Trading Sessions – Specify which forex sessions to avoid or focus on.
  • Position Sizing – Configure percentage of balance to allot per micro trade.

These settings allow customizing the EA’s trading behavior according to your own strategy, risk appetite, and account balance.

The Benefits of Alfa Scalper

There are several appealing benefits to using Alfa Scalper EA:

  • Profitable long-term backtest – Proven strategy optimized over 15+ years of tick data.
  • Hands-free approach – EA handles market analysis, entries, exits, risk control, and more.
  • Compounding profits – By repeating many micro wins, daily gains compound significantly.
  • Custom risk parameters – Control position sizing, stop loss, take profit, and more.
  • Diversified scalping – Multipair scalping spreads risk across currencies and sessions.
  • Lightning fast trading – Scalps profits human traders physically cannot capture manually.

For serious traders, Alfa Scalper grants reliable access to a refined scalping system.

Potential Weaknesses and Downsides

However, Alfa Scalper EA trading does come with some weaknesses:

  • Time commitment – Spending extensive time optimizing, researching settings, monitoring performance and infrastructure management is required for success.
  • Overoptimization risks – Curve fitting can cause losses when live market conditions differ from backtesting period.
  • False signals occur – No trading system is 100% accurate, losses are inevitable sometimes.
  • Fat finger risk – Typos when inputting trade settings can cause unexpected losses if not careful. Frequent monitoring is key.
  • Server costs – Fees for low latency Virtual Private Server (VPS) hosting can eat into profits without proper account sizing.
  • Not fully passive – Oversight of the EA is required to sustain performance, update software periodically, and refine parameters.

With realistic expectations about required time commitments, Alfa Scalper can be a consistent performer with disciplined risk management in place.

Optimizing Scalping Performance

Here are some tips for maximizing profitability with Alfa Scalper EA:

  • Demo test extensively – Thoroughly simulate live trading conditions in a practice account to refine strategies.
  • Select a true ECN forex broker – Ensure tight spreads, fast execution, and commission discounts to maximize profit per micro trade.
  • Use a fast VPS service – Reduce slippage on entries and exits by using a low latency Virtual Private Server.
  • Start small – Trade micro lots initially and incrementally scale up position size as profits accumulate.
  • Monitor metrics diligently – Track performance data like win rates, risk-reward ratios, and drawdown daily.
  • Trade within your risk tolerance – Use prudent stop losses and position sizing that allows riding out inevitable drawdowns until the EA’s edge plays out.

With the proper precautions, Alfa Scalper provides reliable automated scalping capable of results difficult to match manually.

Frequently Asked Questions

What is the difference between Alfa Scalper and EA Scalper?

Alfa Scalper uses more sophisticated logic and broader symbol access. EA Scalper focuses purely on EURUSD M1 scalping with simpler algorithms. Alfa Scalper has more customization features.

What coding languages are required?

Alfa Scalper EA is coded in MQL4 specifically for seamless integration on the MT4 platform. No other coding languages are required. You can view and edit the MQL code if desired.

What latency impact should I expect?

With an optimized algorithm and ultra fast connectivity, average slippage of just 1-3 pips can be maintained. But expect occasional slippage spikes during news events or platform latency.

Can I automate Alfa Scalper strategies across multiple brokers?

Absolutely. With proper account syncing or a bridge service, Alfa Scalper EA strategies can be automated across different MT4 brokers simultaneously for greater diversity.

Does Alfa Scalper work on any other platforms besides MT4?

Currently Alfa Scalper is limited to MT4 since it is coded in MQL4. But it may be ported to support MT5 in the future by the creator. No timeline has been announced.

Is Alfa Scalper allowed on ECN accounts?

Yes, Alfa Scalper EA can be used with true ECN accounts that offer direct market access, tight spreads, and discounted commissions – ideal conditions for scalping algorithms.

Conclusion

Alfa Scalper provides proven automation of a refined M1 scalping strategy capable of micro profits that even advanced manual traders struggle to capture consistently. By harvesting hundreds of small winners per day across multiple currency pairs, earnings can compound substantially over time. However, keeping fees low, minimizing slippage, and active performance monitoring are critical success factors. We hope this guide gave you a comprehensive overview of implementing Alfa Scalper EA in your own trading. While results require dedication, the high-frequency profit potential is immense.

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“If you don't find a way to make money while you sleep, you will work until you die.”

- Warren Buffett

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