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ELM EA – Best Scalping EA 2022

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Features of ELM EA

Website: elm-ea.com
Support: Forum
Currency pairs: 6 Majors + 20 Cross
TimeFrame: Any
Platform: Metatrader 4 and Metatrader 5

 

ELM EA is a completely automated cross-platform buying and selling robotic. Just one commerce at a time. No “rebuild algorithms (martingale)” or different harmful methods. The lot measurement of the following order is all the time the identical based on the Risk settings, no matter the results of the earlier one. The algorithm makes use of digital TP and SL in addition to actual TP and SL seen to the dealer. A sensible cash administration system which permits it to work even on a $10 account. A buying and selling technique that doesn’t require a number of margin, because of which it could possibly work efficiently on buying and selling accounts with low leverage.
Algorithm can solely be examined in actual time. The historical past check perform is disabled. Actual-time assessments take extra time however present dependable outcomes that may be trusted, in contrast to assessments from the strategy tester. A lot consideration was paid to the outcomes of direct testing so customers don’t want to fret about the necessity to optimize the algorithm.

It supports 26 currency pairs. Depending on the version. Optimum version supports 6 currency pairs, Pro version supports 26 currency pairs.

The main features of the robot placed on the website https://elm-ea.com are as follows:

  • 26 pairs for trade
  • Complete risk control
  • Сommunity of traders
  • Free Full test availible

Expected Profit

Expected profit when using standard settings is about 20-25% per month, when trading on account with leverage 1:500. The author also offers aggressive settings, which allows to increase profit of the trading robot, but also the risks increase.

Security of funds in your trading account

ELM EA has a feature that allows you to disable trading if slippage or a specified execution speed is exceeded (very slow execution). This works automatically. Also in case the algorithm has incurred a loss queue it is deactivated. Thanks to this, there has never been a case where a client lost the entire deposit. The client can always independently limit the level of possible losses they are willing to incur. The algorithm is securely protected from unforeseen market situations, as well as possible manipulation by the broker.

Recommended pairs

EUR/USD, GBP/USD, USD/JPY, EUR/JPY, USD/CAD, AUD/USD, NZD/USD, AUD/JPY, AUD/NZD, AUD/CHF, AUD/CAD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, NZD/JPY, NZD/CAD, NZD/CHF

You can use all 26 currency pairs at one time. But the author recommends excluding currency pairs with a spread above 2.5. This will increase the overall profitability of the strategy.

In order to use 26 currencies at any one time, you need a minimum of 1GB of free RAM on your VPS server.

Recommended brokers

The author provides a list of recommended brokers on his forum. The author also does not restrict clients in their choice of brokerage companies, only makes recommendations. No affiliate links were found on the author’s website which lead to brokers’ websites. This underlines that the developers are not interested in having the client work for a certain broker. It also proves that the author is interested in the fact that the clients earn using his algorithm.

Based on the review, the best brokers for ELM EA

  • Tickmill (Pro or VIp account)
  • Lmax
  • NDDFX (Dma account)
  • FBS (ecn account)
  • ThinkTrade
  • Hanko trade

Worst brokers for ELM EA

  • Alpari
  • IcMarkets(Only if with MT5)
  • FTMO
  • OANDA

How download?

It’s very quick and takes no more than 1 minute. After requesting, you will receive a link to the archive. Please unzip the archive. In the archive you will see 2 folders. The Optimum version and the Professional version. In each of these versions will be 1 algorithm for mt4 and 1 algorithm for mt5.  More details about the differences in the versions can be found here.

? Start Chat with bot

Correctly set up robot will serve, after deep analysis of exchange rate changes, trading impulses with >70% accuracy. The strategy works in 2021, based on the specificity of the last year’s market. To get acquainted with the advisor there is a demo version, which allows you to check the work of the robot in practice. Having mastered the program and the principles of working at the Forex market, you can start trading the selected currency pairs.

 

Benefits of ELM EA

ELM EA Review presents the main advantages of the software product:

  • uncomplicated, fast installation;
  • detailed documentation;
  • Anyone can start trading by trying the demo version;
  • advisor is compatible with MT4 and 5;
  • Possibility to operate with 1 currency pair, 26 at a time;
  • method in Review ELM EA is simple, allows you to quickly start auto-trading.

Expert Advisor applied in practice, allows traders, experienced and beginners, to try out the platform with minimal investment. The algorithm allows you to trade around the clock without the participation of the trader.

Owner contact

  1. Support Forum
  2. Website
  3. Telegram

 

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