🧩 What is Creo Scalper EA?
Creo Scalper EA is an intraday automated scalping Expert Advisor (EA) for MetaTrader 4, designed to trade during specific market sessions using ZigZag-based price structure, averaging logic, and time filters. The settings shown in the image reflect a controlled scalping strategy with averaging enabled, focused on precision entries and time-based risk management.
🧩 Time & Session Control (Critical for Scalping)
🔶 Enabling: true
- Activates the EA.
- Required for trade execution.
🔶 Start Trades: 15:35
🔶 Stop Trades: 20:00
- Defines a strict trading window.
- Targets high-liquidity periods (typically London–New York overlap).
- Helps avoid low-volatility and spread widening sessions.
✅ Strength: Reduces random entries and improves scalping accuracy.
🧩 Lot & Risk Management (Basic Settings)
🔶 Auto Lot: 500.0
- Indicates balance-based lot calculation.
- Typically means 0.01 lot per $500 balance (broker/EA dependent).
- Enables proportional scaling as account grows.
🔶 Lot of Orders: 0.01
- Minimum base lot size.
- Very conservative and suitable for small or cent accounts.
🔶 Take Profit (0 is not set): 100
- Fixed TP of 100 points.
- Relatively large for a scalper, allowing trades to breathe.
- Works well with averaging logic.
🔶 Stop Loss (0 is not set): 0
- Stop Loss is disabled.
- EA relies on averaging and market retracement instead of hard SL.
⚠️ Risk Note: No stop loss increases drawdown risk during strong trends.
🧩 Order & Trade Lifecycle Management
🔶 Deleting Pending Orders: true
- Automatically removes unused pending orders.
- Keeps the account clean and avoids outdated entries.
🔶 Deletion Time: 23:50
- Pending orders are cleared before the trading day ends.
- Prevents exposure to overnight gaps and swaps.
🧩 Averaging & Position Control
🔶 Averaging: true
- Enables martingale-style averaging (fixed lot).
- Used to recover from temporary adverse price movement.
🔶 Total Orders (0 – one): 10
- Maximum of 10 open orders per cycle.
- Limits overexposure and infinite averaging.
🔶 Magic Number: 12345
- Unique trade identifier.
- Prevents conflicts with other EAs or manual trades.
🧩 ZigZag Strategy Parameters (Core Logic)
Creo Scalper EA relies heavily on ZigZag indicator logic to identify swing highs and lows.
🔶 Depth: 12
- Controls minimum price movement required to form a swing.
- Moderate value → balanced between noise and signal accuracy.
🔶 Deviation: 5
- Defines minimum price deviation for swing confirmation.
- Helps filter out insignificant price fluctuations.
🔶 Backstep: 3
- Prevents frequent repainting of ZigZag points.
- Improves stability of entry signals.
✅ Overall ZigZag Setup: Optimized for short-term scalping with structure confirmation.
🧩 Visual & Chart Settings
🔶 Show Graphics: true
- Displays ZigZag and entry markers on the chart.
- Useful for manual monitoring and strategy validation.
🔶 Color of the Triangle: Green
- Visual customization only.
- No impact on performance.
🧩 Final Conclusion & Expert Verdict
The Creo Scalper EA MT4 configuration shown in the image represents a time-filtered, structure-based scalping strategy with averaging recovery logic.
✅ Key Strengths
- Strict trading session control
- Conservative lot sizing
- ZigZag-based precision entries
- Automatic pending order cleanup
- Suitable for low-spread brokers
⚠️ Potential Risks
- No stop loss (higher drawdown during strong trends)
- Averaging up to 10 orders requires sufficient margin
- Not suitable for high-impact news trading
🎯 Best Use Case
- EURUSD, GBPUSD, USDJPY
- Low-spread ECN brokers
- M5–M15 timeframes
- Traders comfortable with controlled averaging strategies
Overall Rating: ⭐⭐⭐⭐☆ (4/5)
Creo Scalper EA is a solid intraday scalping robot when used with proper broker conditions and disciplined risk management. The shown settings favor stability and controlled recovery rather than aggressive growth, making them suitable for cautious scalpers.
