🧩 What is Elite Scalper Bot MT5?
Elite Scalper Bot MT5 is a professional-grade automated Expert Advisor (EA) designed for high-frequency trend-following. Based on the configuration profile provided, it is a rule-based non-martingale scalper that uses a “confluence of filters” approach to ensure only high-probability setups are taken.
Below is a detailed analysis of the trading logic, risk mechanics, and suitability for specific market conditions.
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🧩 Trend Detection & Market Bias (Higher Timeframe – H1)
🔶 Fast EMA (H1): 8
🔶 Medium EMA (H1): 13
🔶 Slow EMA (H1): 21
Purpose:
These three Exponential Moving Averages are used to define the primary trend direction on the H1 timeframe.
Analysis:
- 8/13/21 EMA is a classic Fibonacci-based trend structure
- Fast response to trend changes while filtering market noise
- Ensures trades are taken only in the dominant trend direction
Verdict:
✔ Strong trend alignment
✔ Reduces counter-trend scalping risks
🧩 Entry Precision (Lower Timeframe – M5)
🔶 Number of M5 Candles to Scan for Extremes: 5
Purpose:
Detects recent local highs/lows for breakout or pullback entries.
Analysis:
- Scanning 5 candles improves entry precision
- Avoids outdated price levels
- Suitable for scalping environments
🔶 Offset for Pending Order Entry: 44.5 pips
Purpose:
Places pending orders away from current price to avoid false breakouts.
Analysis:
- Relatively large offset → safer entries
- Reduces whipsaw trades in volatile markets
- Best suited for indices, gold, or volatile FX pairs
🧩 Volatility & Risk Control (ATR-Based)
🔶 ATR Period (M5): 14
Purpose:
Measures current market volatility.
Industry Standard:
✔ ATR 14 is widely used and reliable
🔶 Stop Loss Multiplier (ATR): 3.5
🔶 Take Profit Multiplier (ATR): 3.0
Analysis:
- Dynamic SL & TP adapt to market volatility
- Risk-to-reward ratio close to 1:1
- Slightly SL-biased → favors win consistency over large RR
Verdict:
✔ Conservative scalping approach
✔ Stable for automated trading
🧩 Trend Strength Confirmation (ADX Filter)
🔶 ADX Period (M15): 14
🔶 Minimum ADX Value: 20.0
Purpose:
Ensures trades are only placed during strong trending conditions.
Analysis:
- ADX > 20 filters sideways markets
- M15 timeframe balances responsiveness and reliability
- Greatly reduces overtrading during consolidation
🧩 Spread, Execution & Order Management
🔶 Maximum Allowed Spread: 180 pips
Analysis:
- High tolerance → designed for indices, gold, or brokers with variable spreads
- Risky for standard FX pairs if broker conditions are poor
🔶 Pending Order Expiration: 60 minutes
Purpose:
Cancels outdated setups automatically.
Verdict:
✔ Prevents stale trades
✔ Keeps execution logic clean
🧩 Money Management & Trade Control
🔶 Trade Volume (Lot Size): 0.1
Analysis:
- Fixed lot size
- Suitable for small to medium accounts
- No dynamic risk % → manual capital control required
🔶 Magic Number: 20230206
Purpose:
Unique trade identification for EA management.
🧩 Trailing Stop & Profit Protection
🔶 Minimum Profit Before Trailing Starts: 60 pips
🔶 Trailing Stop Distance: 10 pips
Analysis:
- Trailing activates only after meaningful profit
- Tight trailing distance locks in gains quickly
- Ideal for scalping momentum moves
🔶 Minimum Stop Level Distance: 300 points
Purpose:
Ensures broker compliance and prevents order rejection.
🧩 Daily Risk Protection
🔶 Daily Profit Limit: $100
🔶 Daily Loss Limit: $100
Analysis:
- Strong capital preservation logic
- Automatically stops trading after reaching daily thresholds
- Essential for long-term EA survival
🧩 Final Conclusion – Is Elite Scalper Bot MT5 Well Configured?
Elite Scalper Bot MT5, based on the displayed settings, is a trend-following scalper with conservative risk control and professional-grade safety filters.
🔶 Strengths:
✔ Multi-timeframe trend confirmation
✔ ATR-based dynamic risk management
✔ ADX trend strength filtering
✔ Smart trailing stop logic
✔ Daily profit & loss protection
🔶 Weaknesses:
⚠ Fixed lot sizing (no auto risk %)
⚠ High spread tolerance may not suit all FX brokers
🔶 Best Use Cases:
- XAUUSD (Gold)
- Indices (NAS100, US30, GER40)
- Volatile FX pairs on ECN brokers
- Traders prioritizing stability over aggressive growth
⭐ Overall Rating:
➡️ 8.7 / 10 – Well-balanced, professional scalping EA setup
If you want, I can also:
- Optimize these settings for Forex / Gold / Indices
- Suggest broker conditions
- Compare Elite Scalper Bot with other MT5 scalping EAs
