PARAMOUR PSYCHO EA – Best Scalper for MT4 (2026)

PARAMOUR PSYCHO EA is widely considered one of the most aggressive scalping robots for the MetaTrader 4 platform.

The PSYCHO EA MT4 Forex Robot is designed to trade the EUR/USD currency pair. Its strategy involves analyzing the market’s overall trend using larger time frames and entering trades that follow this trend.

PARAMOUR PSYCHO EA follow the direction of the main trend and look for small price dips to enter short-term trades. These trades typically aim for quick profits between 3 and 9 pips. This kind of trading is also known as scalping.

This EA is a trading algorithm that combines hedging and intelligent risk management with the Martingale strategy. It is designed to provide stable performance in strong market conditions where you cannot predict trend direction. When using an appropriate set file, it can work on any instrument. Optimization results have provided successful performance on instruments such as Fx, Gold, Stock and Crypto. Instruments that tend to move sideways are its nightmare. It starts trading with a cycle. Opening the first trade that will start the cycle in the correct position can eliminate risks. Therefore, various cycle starting entry strategies have been developed and continue to be developed.

Opens systematic positions in both buy and sell directions.
After a loss, increases lot size following a predefined sequence.
Minimizes losses by automatically closing positions in the opposite direction.

Key Features of PSYCHO EA

Use of Grids and Recovery

One of the key features of PSYCHO EA is its recovery system. When a trade, such as a long (buy) position, doesn’t go in the expected direction, the robot opens additional long positions. These extra trades help recover losses once the price eventually moves in the trader’s favor. All trades in this group are then closed together when a specific target is hit.

This approach is known as a “grid system,” and it only activates when the larger trend is considered active. While such a system can help during unpredictable market movements, it can also cause high drawdowns.

Technical Requirements for PSYCHO EA To get the best profit factor, you must run this EA on a low-spread ECN Broker. Since it is a scalper, VPS latency is critical—keep it under 20ms.

Magic Number: Set a unique ID if running other bots.
Live Results: Always test on a Demo account first to verify the drawdown before going live.

Lot Sizes and Money Management

The lot size and the amount of each trade are flexible and customizable. The first trade usually starts at 0.01 lots, with the following trades increasing in size based on user preferences and market activity. The user can set how much larger each new trade will be and how many trades in total can be opened at once.

This flexibility in lot sizing and trade limits is part of this MT4 Forex Robot “flex-grid money management.” It is intended to adapt to changing market conditions. Since the system allows for multiple open trades with increased lot sizes, managing risk becomes important.

Advanced Trading Options:

• Special Take Profit for First Position:
  You can increase the probability of winning by setting a lower Take Profit in the first trades.
• Spread Control:
  You can prevent bad order executions by setting a maximum spread limit.
• Critical Spread:
  If the spread widens too much during the current cycle, the EA freezes the cycle and continues trading as soon as the spread returns to normal.

Dynamic Volume Multiplier:

Our goal is to automatically increase the number of trades, not the lot size of opened trades, as your capital increases. This makes it easier to manage trades without hitting the broker’s lot limit. In multi-EA environments, it is recommended to use Equity-Based mode.

• Balance-based
• Equity-based 

Note: For volume calculations to be correct, match the Initial Balance parameter with your starting balance.

Risk and Customization Options

PSYCHO EA provides user-defined settings to help traders manage this risk. Traders can set the maximum number of trades, adjust the lot size multiplier, and configure other trading strategy elements. These features let users tailor the EA to suit their risk tolerance and trading style.

Customization options also allow traders to turn on or off the grid mode (which adds to a position only when a trade is in a loss) and change the trigger for increasing lot sizes. These settings allow the EA to behave differently depending on market conditions and the trader’s preferences.

Please test in a demo account for at least a week first. Then, please familiarize yourself with and understand how The PSYCHO Robot works before using it in a real account.

Recommendations for MT4 Forex Robot

• Minimum account balance of 100$ 
• Works best on EURUSD. (Work on any Pair)
• It works best on M5. (Work on any TimeFrame)
• PSYCHO EA should work on VPS continuously to reach stable results.
• Low Spread, Slippage, and quick execution account is recommended