Royal Prince Scalper EA V1.0 MT5 is a cutting-edge automated trading system designed to capitalize on small, short-term price movements. By focusing on precise entries and exits, it aims to capture quick profits while minimizing drawdowns. Below is a concise overview of its recommended settings, currency pairs, and strategy:

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Key Specifications

Parameter	Recommendation
Minimum Deposit	$100 – $500 for standard accounts; lower deposits require adjusted risk settings.
Time Frame	M1, M5 or M15 for optimal scalp trading performance.
Currency Pairs	Major pairs with low spreads (e.g., EURUSD, GBPUSD, USDJPY) and more.
Execution Method	Automated scalping, aiming to exploit short bursts of momentum.

Strategy Highlights

• Momentum Detection:
  The EA scans real-time price movements for micro-breakouts and quick volatility spikes.
• Precision Entries & Exits:
  Trade decisions are triggered by tight, pre-defined conditions aiming to capture the best possible entry.
  Stop Loss and Take Profit levels are placed closely to mitigate risk.
• Trailing Stop Features:
  Once trades are in profit, the EA trails stop losses to lock in gains and protect against sudden market reversals.
• Risk Management:
  – Adjustable lot size to fit individual risk tolerance.
  – Internal filters to avoid high-impact news events and extreme volatility.

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How the EA Takes the Trade

1. Market Scan
   Royal Prince Scalper EA V1.0 MT5 continuously monitors tick data on the chosen time frame (M1 or M5).
2. Signal Confirmation
   A confluence of short-term indicators (support/resistance, momentum shifts) is used to validate potential scalping opportunities.
3. Trade Execution
   Once a valid setup is identified, the EA instantly opens a position, placing tight stop-loss and take-profit targets for quick in-and-out execution.
4. Protect & Adapt
   As the trade progresses, the built-in trailing stop feature dynamically adjusts the stop-loss level to secure profits, while the EA’s filters monitor potential market shocks to minimize risk.

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In summary, Royal Prince Scalper EA V1.0 MT5 combines advanced scalping tactics with robust risk control, making it an ideal choice for traders aiming to profit from short-term market movements. By using the recommended time frames, currency pairs, and deposit range, you can optimize the EA’s performance and unlock consistent, efficient gains.