🔢 MHD Scalper Pro EA MT5 Settings Explained – Complete Parameter Guide
MHD Scalper Pro EA is a professional automated trading system for MetaTrader 5 designed for Gold and Forex scalping. The EA combines a Martingale Grid strategy with an LF Channel filter, basket-level trailing stop management, customizable risk controls, trading session filters, and visual chart tools. Its extensive settings allow traders to fine-tune entries, manage recovery positions, and optimize overall trading performance.
🔢 Installation Panel Parameters
Below are the details of the parameters in the advisor’s trading system settings table:
🔶 General Settings
🔹 Magic number = 123456 – Assigns the unique Magic Number 123456 to identify all trades opened by MHD Scalper Pro EA MT5.
🔹 Layer-1 / base lot = 0.01 – Sets the initial trading volume for the first order to 0.01 lots.
🔹 Max slippage (pips) = 3 – Allows a maximum execution slippage of 3 pips when placing orders.
🔹 Max spread to allow new entry (pips, 0=off) = 0.0 – Disables the spread filter because the value is 0.0.
🔹 Cooldown between order sends (anti-duplicate) = 2 – Waits 2 seconds between order submissions to prevent duplicate trades.
🔹 EAComment = MHD Scalper Pro 9 – Adds the trade comment "MHD Scalper Pro 9" to every order for identification.
🔶 Entry / Grid Settings
🔹 Entry mode = Martingale grid (multiplied lot) – Uses a Martingale Grid recovery strategy with progressively increased lot sizes.
🔹 Martingale lot multiplier = 1.02 – Multiplies each new grid position by 1.02.
🔹 Grid step distance (pips) = 400 – Places new grid positions every 400 pips.
🔹 Max positions per side (0 = unlimited) = 0 – Allows an unlimited number of Buy or Sell positions.
🔹 LF channel bar shift (1 = last closed bar) = 1 – Uses the last closed candle for LF Channel calculations.
🔹 Allow only one Layer-1 entry per chart bar = true – Limits the EA to opening only one initial position per candle.
🔶 Take Profit & Stop Loss
🔹 Take Profit (pips, 0 = off) = 0 – Disables the fixed Take Profit.
🔹 Stop Loss (pips, 0 = off) = 0 – Disables the fixed Stop Loss.
🔹 Grid TP measured from basket break-even avg = false – Calculates basket Take Profit independently instead of from the basket break-even average.
🔶 Basket Trailing Stop
🔹 Basket money trailing (close all on pullback) = true – Enables basket-level trailing that closes all trades after a profit pullback.
🔹 Allowed pullback from peak profit (pips-equiv) = 50 – Allows a maximum pullback of 50 pip-equivalent before closing the basket.
🔹 Arm trailing after profit reaches (pips-equiv, 0 = any positive) = 0 – Activates trailing immediately after any positive profit.
🔹 Also trail each position SL (advanced) = false – Disables individual trailing Stop Loss management.
🔹 Position-trail minimum step (pips) = 20 – Uses 20 pips as the minimum trailing adjustment step.
🔹 Show trailing info on panel = true – Displays trailing status on the EA information panel.
🔶 Risk Management
🔹 Close all on floating loss = false – Does not automatically close all trades when floating losses increase.
🔹 Floating loss threshold (account currency) = 1000.0 – Uses 1000.0 account currency units as the floating loss threshold if enabled.
🔹 Block/close trades before margin stop-out = true – Prevents new trades and protects the account before margin stop-out occurs.
🔹 Min margin level after a new trade (%) = 150.0 – Requires at least 150.0% margin level after opening a new position.
🔹 Close EA positions if margin level falls below (%) = 150.0 – Closes all EA trades if margin level drops below 150.0%.
🔶 Time Filter
🔹 Enable time filter = false – Disables trading session restrictions.
🔹 Trade start (HH:MM or HH:MM:SS) — broker/chart time = 02:15:00 – Defines the trading session start at 02:15:00 broker time.
🔹 Trade end (HH:MM or HH:MM:SS) — broker/chart time = 23:00 – Defines the trading session end at 23:00 broker time.
🔶 LF Channel Filter (M1)
🔹 Prevent no-trade validation on non-gold symbols = true – Prevents unnecessary validation errors when trading symbols other than Gold.
🔹 Enable LF Channel filter = true – Enables the LF Channel entry filter.
🔹 LF Fast MA period = 20 – Sets the Fast Moving Average period to 20.
🔹 LF Slow MA period = 63 – Sets the Slow Moving Average period to 63.
🔹 LF channel half-distance (pips) = 500.0 – Defines the channel half-width as 500.0 pips.
🔹 Touch zone = X% of channel half-distance = 5.0 – Uses 5.0% of the channel width as the touch zone.
🔶 LF Drawing Settings
🔹 Draw current-TF channel buffer plot = true – Displays the current timeframe LF Channel.
🔹 Draw M1 horizontal lines = true – Draws horizontal reference lines from the M1 timeframe.
🔹 Bars to render for the channel plot = 500 – Draws the LF Channel across the most recent 500 bars.
🔹 Upper line color = Turquoise – Displays the upper channel boundary in Turquoise.
🔹 Lower line color = White – Displays the lower channel boundary in White.
🔹 Middle when rising = Lime – Displays the center line in Lime during upward trends.
🔹 Middle when falling = Red – Displays the center line in Red during downward trends.
🔹 Middle when flat = Gray – Displays the center line in Gray during sideways markets.
🔶 Display Settings
🔹 Show info panel = true – Displays the EA information panel directly on the trading chart.
🔹 Delete all objects on deinit = true – Removes all chart objects when the EA is unloaded.
🔢 Conclusion
MHD Scalper Pro MT5 is a comprehensive scalping Expert Advisor featuring Martingale Grid recovery, LF Channel-based entries, basket trailing management, advanced margin protection and customizable visualization tools.
With flexible money management, session filtering, and extensive safety controls, the EA provides traders with a powerful solution for automated Gold and Forex scalping while maintaining configurable risk management.
🔢 FAQs
❓ What trading strategy does MHD Scalper Pro EA MT5 use?
The EA uses a Martingale Grid strategy combined with an LF Channel filter to identify entries and manage recovery positions.
❓ Can I limit the number of grid positions?
Yes. The Max positions per side parameter controls the maximum number of Buy or Sell positions. A value of 0 allows unlimited positions.
❓ Does MHD Scalper Pro EA MT5 include trailing stop management?
Yes. It supports basket-level money trailing, which closes all positions after a specified profit pullback.
❓ How does the EA protect against excessive risk?
It includes floating loss thresholds, margin level protection, stop-out prevention, and margin monitoring to help reduce account risk.
❓ Can I restrict trading to specific hours?
Yes. The EA includes configurable Trade Start and Trade End times, although the Time Filter is disabled by default in this preset.
