Finance Scalper Bot MT5 v1.0 + SetFiles (Original version)

🔢 Finance Scalper Bot MT5 Settings Guide – Complete Inputs Explained

Finance Scalper Bot is an automated Expert Advisor designed for short-term trading, with publicly available descriptions associating the EA with XAUUSD/Gold scalping and grid-style order management. The supplied Inputs panel focuses specifically on separate BUY and SELL configurations, controlling starting lot size, lot multiplication, combined Take Profit, pip spacing, and maximum orders.

The configuration also includes a dedicated order comment and Magic Number, allowing trades generated by Finance Scalper Bot V1 to be identified and separated from other automated strategies.

The following guide explains every visible parameter in the supplied Finance Scalper Bot MT5 Inputs panel, preserving all original parameter names and numerical values.

Finance Scalper Bot MT5 Settings Panel

🔢 BUY SETTINGS

🔹 Buy_settings = Buy_settings — Section header for the parameters controlling the BUY-side trading configuration.

🔹 Lot_start = 0.01 — Sets the initial BUY trading volume to 0.01 lots. This is the starting position size used for the BUY order sequence.

🔹 Lot_multiplier = 1.0 — Sets the BUY lot multiplier to 1.0. A multiplier of 1.0 keeps subsequent calculated lot sizes at the same multiplication factor rather than increasing them through a multiplier greater than 1.

🔹 Take_profit_combined_in_pips = 420 — Sets the combined BUY Take Profit target to 420 pips. The parameter is designed for the combined position/order structure rather than simply representing an individual trade’s standalone TP.

🔹 Pip_step_in_pips = 1020 — Sets the BUY pip-step distance to 1020 pips. This parameter controls the price spacing used when the EA considers placing additional BUY orders.

🔹 Max_orders = 99 — Sets the maximum number of BUY orders to 99. This defines the upper order-count limit for the BUY-side sequence.

🔢 SELL SETTINGS

🔹 Sell_settings = Sell_settings — Section header for the parameters controlling the SELL-side trading configuration.

🔹 Lot_start_ = 0.01 — Sets the initial SELL trading volume to 0.01 lots.

🔹 Lot_multiplier_ = 1.0 — Sets the SELL lot multiplier to 1.0, keeping the configured multiplication factor at one-to-one rather than increasing the lot size through a multiplier above 1.

🔹 Take_profit_combined_in_pips_ = 420 — Sets the combined SELL Take Profit target to 420 pips.

🔹 Pip_step_in_pips_ = 1020 — Sets the SELL pip-step distance to 1020 pips, controlling the configured spacing between additional SELL orders.

🔹 Max_orders_ = 99 — Sets the maximum number of SELL orders to 99.

🔢 ORDER IDENTIFICATION SETTINGS

🔹 Comment_for_order = Finance Scalper Bot V1 — Defines Finance Scalper Bot V1 as the order comment attached to trades, helping identify positions generated by the EA in the MT5 terminal.

🔹 Magic Number = 6666 — Assigns 6666 as the EA’s Magic Number, allowing the Expert Advisor to distinguish its own orders from trades belonging to other EAs or manual trading activity.

🔢 BUY & SELL CONFIGURATION OVERVIEW

🔹 BUY Starting Lot = 0.01 — The BUY sequence begins with 0.01 lots.

🔹 BUY Lot Multiplier = 1.0 — The BUY-side lot multiplier is 1.0.

🔹 BUY Combined TP = 420 pips — The BUY-side combined Take Profit is 420 pips.

🔹 BUY Pip Step = 1020 pips — Additional BUY order spacing is configured at 1020 pips.

🔹 BUY Maximum Orders = 99 — The BUY-side order limit is 99.

🔹 SELL Starting Lot = 0.01 — The SELL sequence begins with 0.01 lots.

🔹 SELL Lot Multiplier = 1.0 — The SELL-side lot multiplier is 1.0.

🔹 SELL Combined TP = 420 pips — The SELL-side combined Take Profit is 420 pips.

🔹 SELL Pip Step = 1020 pips — Additional SELL order spacing is configured at 1020 pips.

🔹 SELL Maximum Orders = 99 — The SELL-side order limit is 99.

🔹 Order Comment = Finance Scalper Bot V1 — Trades are identified using the Finance Scalper Bot V1 comment.

🔹 Magic Number = 6666 — The EA uses 6666 as its trade identifier.

🔢 HOW THE CURRENT SETTINGS WORK TOGETHER

🔹 Symmetrical BUY/SELL Configuration — The supplied settings use identical values for BUY and SELL: 0.01 starting lot, 1.0 lot multiplier, 420 combined TP, 1020 pip step, and 99 maximum orders.

🔹 Lot Multiplier = 1.0 — Because both BUY and SELL multipliers are set to 1.0, the configuration does not specify an increasing lot multiplier above the starting volume through these particular parameters.

🔹 Wide Pip Step = 1020 — Both directions use 1020 pips for the pip-step parameter, creating a large configured distance between successive orders compared with a smaller step value.

🔹 Large Maximum Order Limit = 99 — Both sides permit up to 99 orders, providing a high theoretical order-count ceiling even though the actual number of trades will depend on the EA’s entry logic and market conditions.

🔹 Combined Profit Target = 420 — Both directions use a 420-pip combined Take Profit target, allowing the EA to manage the position structure toward a predefined combined profit objective.

🔹 Order Identification = Finance Scalper Bot V1 / 6666 — The combination of the Finance Scalper Bot V1 order comment and Magic Number 6666 provides two identifiers for tracking the EA’s positions.

Public parameter documentation for a Finance Scalper Bot V1 variant likewise lists Lot_start = 0.01, Lot_multiplier = 1, Take_profit_combined_in_pips = 420, Pip_step_in_pips = 1020, Max_orders = 99, and MagicStart = 6666, matching the supplied panel.

🔢 Conclusion

Finance Scalper Bot MT5 uses a straightforward parameter structure with separate BUY and SELL configurations. The supplied setup keeps both sides symmetrical, using 0.01 lots as the starting volume, a 1.0 lot multiplier, a 420-pip combined Take Profit, a 1020-pip order step, and a maximum of 99 orders.

The 1.0 lot multiplier is particularly important when interpreting the configuration because it does not specify a progressively increasing lot size through the multiplier itself. However, the 99 maximum orders setting means the EA has a large potential order capacity, so actual exposure should be evaluated based on the EA’s complete trading logic, account size, broker contract specifications, and market conditions.

The 420-pip combined Take Profit and 1020-pip pip-step parameters provide the main numerical framework for managing the BUY and SELL order sequences. Both sides use exactly the same values, creating a symmetrical configuration.

For trade identification, the EA uses Comment_for_order = Finance Scalper Bot V1 and Magic Number = 6666, making it easier to distinguish its positions from other strategies running on the same MT5 account.

Public parameter documentation also identifies this Finance Scalper Bot variant with GOLD/XAUUSD and M15 in its listing profile, while other public descriptions associate Finance Scalper Bot V1 with short-term Gold scalping. Because these external listings can refer to different versions or distributions, the supplied Inputs panel should remain the primary reference for the exact configuration shown here.

Before live deployment, the complete strategy should be tested under the intended broker’s spread, commission, contract size, execution, and account conditions, particularly because a maximum order setting of 99 can create substantially different exposure depending on how the EA manages multiple positions.