๐งฉ What is Wall Street Scalper MT4?
Wall Street Scalper MT4 is an index-focused automated trading system, optimized here for US30 (Dow Jones).
Based on the settings, this EA follows a controlled scalpingโintraday hybrid strategy with risk-percentage money management, smart order filtering, news protection, and strict time control.
The configuration reflects a moderate-to-aggressive risk profile, commonly used for prop firm challenges (FTMO-style rules) or high-volatility index trading.
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๐งฉ Trading Functions & Core Setup
โก๏ธ Key Parameters
- Comment: Wall Street US30
- Magic Number: 1
- Trade Direction: ANY
- Lot Type: Auto Lot (Profit/Risk Ratio)
- Fixed Lot (backup): 0.1
- Profit/Risk Ratio: Medium
โก๏ธ Analysis
- EA can trade both BUY and SELL signals.
- Uses automatic lot sizing, not fixed volume.
- Risk logic is adaptive rather than static, ideal for volatile instruments like US30.
๐งฉ Risk Management & Money Management
โก๏ธ Key Parameters
- Risk % of Balance (FTMO): 5.0%
- Take Profit: 1400
- Stop Loss: 1850
- Trailing Start: 100
- Trailing Offset: 5
โก๏ธ Analysis
- 5% risk per trade is aggressive, especially for prop firm rules.
- Stop Loss is wider than Take Profit โ slightly negative R:R, compensated by scalping logic.
- Trailing stop activates early, locking profits quickly during strong momentum.
๐งฉ Smart Filters & Order Protection
โก๏ธ Key Parameters
- Smart Orders: true
- Max Orders at the Same Time: 5
- Max Spread Protection (Index): 300
- Pause after Stop Loss: false
โก๏ธ Analysis
- Smart order logic helps avoid low-quality entries.
- Allows up to 5 concurrent trades, increasing exposure.
- Spread filter protects against abnormal index spreads.
๐งฉ Trend & Moving Average Filter
โก๏ธ Key Parameters
- Use MA Filter: true
- Timeframe: 1 Day
- MA Period: 3
- MA Method: Simple
- MA Price: Close
โก๏ธ Analysis
- Uses a Daily MA trend filter, which:
- Reduces counter-trend trades
- Improves signal quality
- Very short MA period (3) โ reacts fast to trend changes.
๐งฉ News Filter System
โก๏ธ Key Parameters
- Use News Filter: true
- Pause Before News: 15 minutes
- Pause After News: 30 minutes
- News Currency: USD
- News Source: External GMT offset tool
โก๏ธ Analysis
- EA actively avoids high-impact USD news.
- This is critical for US30, which is heavily affected by:
- CPI
- NFP
- FOMC
- Proper buffer before and after news events.
๐งฉ Trading Time Settings (Intraday Control)
โก๏ธ Key Parameters
- Start Time: 03:00
- End Time: 23:59
- Close at Time: false
- Close Day: Friday only
โก๏ธ Analysis
- EA avoids late rollover hours.
- Trades almost full trading day, excluding early Asian session.
- Closes trades on Friday โ avoids weekend gaps.
๐งฉ Trading Days & Holiday Protection
โก๏ธ Key Parameters
- Monday โ Friday: Enabled
- Pause Trading on Christmas Holiday: true
โก๏ธ Analysis
- Full weekday trading.
- Holiday filter reduces thin liquidity risks.
๐งฉ Visualization & Panels
โก๏ธ Key Parameters
- Show News Panel: false
- Show Stat Panel: false
- Show News Filter: false
โก๏ธ Analysis
- Minimalist setup.
- Focused on performance rather than UI.
๐งฉ Final Conclusion โ Is Wall Street Scalper MT4 Worth Using?
โก๏ธ Strengths
โ
Designed for US30 index volatility
โ
Smart orders & MA trend filter
โ
Strong news avoidance system
โ
Time & day trading control
โ
Trailing stop for profit protection
โก๏ธ Weaknesses
โ High default risk (5% per trade)
โ Multiple concurrent trades increase drawdown
โ Risk/Reward slightly unbalanced
โ Generic magic number
๐งฉ Overall Verdict
With these settings, Wall Street Scalper MT4 is a medium-to-high risk automated trading EA, best suited for:
- US30 (Dow Jones) trading
- Experienced traders
- Prop firm challenges (after reducing risk %)
- High-volatility sessions (London & New York)
Risk Level: โญโญโญโญโ (MediumโHigh)
Strategy Type: Smart Index Scalping with Trend & News Filters
Recommended Account: $10,000+ or Prop Firm
Best Market: US30, US100
Best Session: LondonโNew York Overlap
