Hamster Scalping MT5 Settings Review – Detailed Grid Scalping Strategy Analysis
🧩 What is Hamster Scalping MT5?
Hamster Scalping MT5 is an automated grid scalping Expert Advisor (EA) designed for MetaTrader 5 (MT5). Based on the provided settings, this EA focuses on short-term price fluctuations, using a grid trading strategy combined with technical indicators and virtual risk management.
This configuration is suitable for traders who aim to profit from range-bound markets and frequent small price movements rather than long-term trend trading.
➡️ Vender Website: View here
🧩 Basic Parameters – Core Trading Logic
➡️ Strategy Type
- Strategy Mode: Grid
- Buy & Sell Trading: Enabled
- Open New Series: Enabled
- Hedging Mode: Enabled
This allows Hamster Scalping MT5 to open both buy and sell positions simultaneously, increasing trade frequency and recovery capability.
➡️ Lot Size & Risk Control
- Initial Lot: 0.01
- Auto Lot: Disabled
- Maximum Lot Size: 5.0
- Maximum Buy Orders: 10
- Maximum Sell Orders: 10
👉 This setup provides manual risk control, but allows up to 20 total grid orders, which can increase drawdown during strong market trends.
🧩 Grid Trading Settings (Strategy 2)
➡️ Lot Multiplier (Martingale Effect)
- Lot Multiplier: 1.5
This introduces a moderate martingale mechanism, increasing position size as the grid expands to speed up recovery.
⚠️ Higher risk in trending or high-volatility markets.
➡️ Take Profit & Stop Loss Mode
- TP Mode: Virtual
- SL Mode: Virtual
Virtual TP and SL protect against broker manipulation but require stable VPS and uninterrupted EA operation.
➡️ Trailing Stop
- Trailing Mode: Virtual
- Trailing Distance: 100 points
Used to secure floating profit during favorable price movements.
🧩 Grid Distance & Order Spacing Optimization
➡️ Fixed and Dynamic Grid Distance
- Fixed Grid Distance: 200 points
- Dynamic Distance Start: 200
- Dynamic Distance Factor: 6
- Distance Multiplier: 1.2
This hybrid grid system:
- Keeps orders closer in low volatility
- Widens spacing during drawdowns
✔️ Helps reduce overloading trades
✔️ Improves performance on volatile instruments like Gold (XAUUSD) and Indices
🧩 Order Overlapping & Execution Settings
- Overlap Last Order: Enabled
- Overlap Order Number: 8
- Overlap Percentage: 3%
This allows overlapping grid entries to accelerate basket recovery, effective in sideways markets but risky during breakouts.
🧩 Indicator & Signal Settings
- Indicator 1 Period: 7
- Upper Level: 80
- Lower Level: 40
- Indicator 2 Period: 15
- Indicator 3 Period: 15
- Timeframe: Current chart
These indicators act as entry filters, helping the EA avoid poor grid starting points.
🧩 Strategy 1 – Base Protection Settings
- Virtual Take Profit: 60 points
- Virtual Stop Loss: 1500 points
- Close All Orders Together: Disabled
Stop Loss is set extremely wide, functioning as emergency protection only, not as strict risk control.
🧩 News Filter Configuration
- News Filter: Disabled
- High / Medium / Low Impact News: Disabled
⚠️ Hamster Scalping MT5 will trade during major news events, increasing slippage and drawdown risk.
👉 For safer trading, enabling the news filter is highly recommended.
🧩 Performance Strengths and Weaknesses
➡️ Advantages
- Flexible grid scalping strategy
- Virtual TP/SL for broker safety
- Dynamic grid spacing
- High trade frequency potential
➡️ Disadvantages
- Martingale-based risk
- No strict drawdown control
- News trading enabled by default
- Requires large balance and VPS
🧩 Final Verdict – Is Hamster Scalping MT5 Worth Using?
Based on these settings, Hamster Scalping MT5 is best suited for experienced traders who understand grid and martingale risk. It performs optimally in sideways or mildly volatile markets, but can experience high drawdowns during strong trends or news events.
