The Scalping Robot MT4 is an automated scalping-based Expert Advisor (EA) optimized for fast short-term trading with strict risk management controls. Below is a detailed breakdown of its configuration, strategy, and performance factors.
Overview
Advanced Forex Scalping Robot is specially designed to maximize trading opportunities on 5 popular currency pairs on the M1 timeframe. The intelligent scalping algorithm identifies high-probability entry and exit points, ensuring that every trade is executed accurately on the M1 timeframe. Ideal for both beginners and professional traders, this robot helps you take advantage of rapid price movements without manually monitoring charts.
📌 Key Trading Parameters
- Lots: 0.01 (Fixed lot size per trade)
- Magic Number: 777557 (Identifies the EA’s trades)
- Trade Comment: Scalp (Marks trades executed by the EA)
- Entry Distance: 30 pips (Minimum price distance between trades)
- Take Profit: Automatic (Dynamically adjusted profit target)
- Stop Loss: Automatic (Uses a predefined SL based on market conditions)
- Trailing Stop: Automatic (Activates dynamic stop adjustments)
✅ Scalping Strategy:
This EA follows a high-frequency scalping approach, making multiple small trades within a defined price range. It uses automatic SL and TP settings to optimize profit while controlling risks.
📈 Risk Management & Trade Limits
- Max Orders: 5 (Limits open positions to avoid excessive exposure)
- Daily Profit (if 0 – not active): 0.0 (No forced daily profit limit)
- Max Drawdown (if 0 – not active): 0.0 (No predefined stop for max loss)
- Trading 24h: True (Allows continuous trading throughout the day)
⚠️ Risk Consideration:
This EA implements a strict order limit (5 orders max), preventing overtrading and reducing exposure.
📊 Trading Schedule
- Monday-Friday Trading: ✅ True (Trades throughout the week)
- Trading Hours:
- Monday-Friday: 08:00 – 22:00 (Broker Time)
- Friday End Time: 20:00 (Ends early to avoid weekend gaps)
- Trading During Holidays (Dec 12 – Jan 12): ✅ True (Continues trading even during market holidays)
📌 Time-Based Trading Strategy:
The EA is programmed to avoid overnight exposure and weekend gaps, reducing the likelihood of slippage.
📆 News Filter & Economic Events Protection
- News Filter: ✅ True (Avoids trading during high-impact news)
- Do Not Trade Before (Minutes): 60 (Stops trading 1 hour before news)
- Do Not Trade After (Minutes): 60 (Stops trading 1 hour after news)
- Report for USD: ✅ True (Monitors USD news events)
- Report for EUR: ✅ True (Monitors EUR news events)
- Report for GBP: ❌ False (Does not monitor GBP news)
- Report for JPY: ❌ False (Does not monitor JPY news)
📌 News Impact Strategy:
This EA prevents trading 1 hour before and 1 hour after major news releases, ensuring it does not get caught in high-volatility spikes.
🔍 Final Verdict – Is Scalping Robot MT4 Worth Using?
✅ Fully Automated Scalping: Trades small, frequent profits
✅ Dynamic Risk Management: Uses automatic SL, TP, and trailing stops
✅ News Protection: Avoids high-volatility news events
✅ Customizable Trading Hours: Avoids weekend gaps and late-Friday volatility
⚠️ Risk Consideration: Limited max trades (5 orders) to control exposure
👉 Best For: Traders who prefer low-risk scalping strategies with automated stop-loss management.
💡 Recommended Settings: Use on a low-latency ECN broker with tight spreads to maximize efficiency.
