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PAM Scalper PRO FX is an MT5 expert advisor that scalps forex pairs by placing stop orders near supply and demand zones found from past price action and volume. Every position carries a stop loss, and the author describes it as low-spread dependent.
Get one message the moment it launches, with its price.
PAM Scalper PRO FX is an expert advisor for MetaTrader 5 that trades short-term moves in forex. It studies recent price history and volume to mark zones where buyers or sellers have been active, then places pending stop orders so that it only enters when price is already moving in the expected direction.
The EA does not read standard indicators. Instead it looks at past bars and volume to estimate supply and demand zones, meaning areas where price has reacted before and where a lot of orders probably changed hands. When price approaches such an area, it places a buy stop or sell stop so the trade is triggered by momentum rather than a guess at a turning point.
The EA is aimed at forex, and EURUSD is the pair the author uses as the benchmark for spread quality. Because a scalper takes small gains, the cost of spread and commission has a large effect on outcomes. Check the guidance that comes with the product for the symbols and chart timeframe each set file was built for, and do not assume that settings carry over from one pair to another.
The default inputs are not meant for live use. Load a recommended set file for your symbol, and then review the inputs below before you start. The exact input names and values may differ, so confirm them in the EA's input tab.
| Area | What to check |
|---|---|
| Lot size or risk | Match it to your balance and the stop loss distance |
| Spread filter | Make sure it suits your broker's typical spread |
| Trading hours | Liquid sessions such as London and New York are usually preferred |
| Stop loss and exit | Review the volatility-based stop and exit options |
| Magic number | Use a different value on each chart if you run several |
Scalping results depend heavily on data quality. Tick history supplied by many brokers is not accurate enough, so use high-quality tick data, realistic spreads and variable slippage in the Strategy Tester. Treat any test as a rough guide only.
Trading carries risk, and you can lose some or all of your capital. Past results, whether from a backtest or a live account, do not predict future ones. Test on a demo account before using real funds.
For continuous operation, run the EA on a stable VPS with a fast connection to your broker's server. The author has said that development has ended, so do not expect further updates.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping, Momentum, Support and resistance, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated scalper |
| Strategy | Scalping, momentum, support and resistance, volume |
| Markets | Forex, with EURUSD named as the reference pair |
| Timeframes | Check the set file and author guide for the intended chart |
| Order type | Pending stop orders with a protective stop loss |
| Broker needs | Low spreads, fast execution, ECN-style account preferred |
| Other requirements | Stable VPS, quality tick data for backtests |
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No. This listing is the MetaTrader 5 build and will not load in MT4. The author has published a separate MT4 edition, so check that you are buying the file that matches your platform.
The author advises against the defaults and recommends loading a prepared set file before trading. Check the setup guidance for your symbol and account type, and test on a demo account first.
The strategy is sensitive to spread and execution speed. A true ECN-style account with very low spreads on EURUSD during the London and New York sessions is the usual recommendation. Compare your broker's real spreads and slippage before going live.
Scalpers react to very small price moves, so the tick data used in the Strategy Tester matters a great deal. Broker-supplied history can be inaccurate for this style, and you should test with high-quality tick data and realistic spreads. Even then, past results do not predict future ones.
The author has indicated that active development has stopped, so you should not expect new features or fixes. Test it carefully on a demo account and make sure it behaves acceptably on your broker's server.
The author mentions that it can be used on small balances, but you should confirm the minimum that suits your broker's contract sizes, lot steps and stop loss distances. Never risk money you cannot afford to lose.
PAM Scalper PRO FX
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