🔢 XMT Scalper EA MT4 – Complete Settings Guide
XMT Scalper EA is a configurable automated scalping system built around execution control, virtual orders, virtual stops, volatility filtering, technical indicators, money management, and chart-based monitoring.
The supplied configuration shows a system designed to adapt its trading activity to market volatility while combining Moving Average and Bollinger Bands filters with configurable Take Profit, Stop Loss, execution limits, expiration controls, and dynamic position sizing.
This guide explains every visible parameter and preserves all numerical values exactly as shown in the supplied settings.
🔄 Configuration Settings
🔹 Configuration: ==== Configuration ==== — Section header separating the EA's main configuration parameters.
🔹 Magic: -1 — Sets the EA's Magic Number to -1, which determines how its trades are identified and managed.
🔹 OrderCmt: — The order-comment field is blank, so no specific custom order comment is configured.
🔹 ECN_Mode: false — Disables ECN-specific execution mode.
🔹 Debug: false — Disables debugging output.
🔹 Verbose: false — Disables detailed/verbose logging.
🔹 VirtualPendingOrders: true — Enables virtual pending-order handling instead of relying exclusively on standard broker-side pending orders.
🔹 VirtualStops: true — Enables virtual Stop Loss and Take Profit management.
🔄 Trade Settings
🔹 TradingSettings: ==== Trade settings ==== — Section header for the EA's trading and execution parameters.
🔹 MaxSpread: 30.0 — Sets the maximum permitted spread threshold to 30.0.
🔹 MaxExecution: 0 — Sets the maximum execution count to 0; according to the displayed configuration, no specific execution-count limit is applied.
🔹 MaxExecutionMinutes: 5 — Sets the execution-time window/limit to 5 minutes.
🔹 TakeProfit: 10.0 — Sets the Take Profit distance to 10.0.
🔹 StopLoss: 60.0 — Sets the Stop Loss distance to 60.0.
🔹 TrailingStart: 0.0 — Sets the trailing activation level to 0.0, meaning no positive activation threshold is configured.
🔹 Commission: 0.0 — Sets the configured commission value to 0.0.
🔹 Slippage: 3 — Allows a maximum slippage setting of 3.
🔄 Dynamic Volatility Settings
🔹 UseDynamicVolatilityLimit: true — Enables the dynamic volatility-limit system.
🔹 VolatilityMultiplier: 125.0 — Sets the volatility multiplier to 125.0, influencing how the EA evaluates acceptable market volatility.
🔹 VolatilityLimit: 180.0 — Sets the standard volatility threshold to 180.0.
🔹 UseVolatilityPercentage: true — Enables percentage-based volatility filtering.
🔹 VolatilityPercentageLimit: 60.0 — Sets the volatility percentage limit to 60.0.
🔄 Technical Indicator Settings
🔹 UseMovingAverage: true — Enables the Moving Average filter for trading decisions.
🔹 UseBollingerBands: true — Enables the Bollinger Bands filter.
🔹 Deviation: 1.5 — Sets the Bollinger Bands standard-deviation parameter to 1.5.
🔄 Order Expiration
🔹 OrderExpireSeconds: 3600 — Sets the order expiration period to 3600 seconds, equivalent to 60 minutes.
🔄 Money Management
🔹 Money_Management: ==== Money Management ==== — Section header for position-sizing and risk-management parameters.
🔹 MoneyManagement: true — Enables the EA's money-management system.
🔹 MinLots: 0.01 — Sets the minimum allowed lot size to 0.01.
🔹 MaxLots: 100.0 — Sets the maximum allowed lot size to 100.0.
🔹 Risk: 2.0 — Sets the configured risk parameter to 2.0.
🔹 ManualLotsize: 0.1 — Sets the manual lot size to 0.1 when manual lot sizing is used.
🔄 Screen Shooter Settings
🔹 Screen_Shooter: ==== Screen Shooter ==== — Section header for the screenshot/chart-capture function.
🔹 TakeShots: false — Disables automatic screenshot capture.
🔹 DelayTicks: 1 — Sets the screenshot delay parameter to 1 tick.
🔹 ShotsPerBar: 1 — Configures the system to take 1 screenshot per bar when screenshot functionality is enabled.
🔄 Virtual Orders – Graphic Display
🔹 tmp50: --- Virtual Orders: graphic --- — Section header for virtual-order graphical display settings.
🔹 VOrdText_corner: Right upper chart corner — Positions the virtual-order information in the upper-right corner of the chart.
🔹 VOrdText_x: 25 — Sets the horizontal X-coordinate of the virtual-order text to 25.
🔹 VOrdText_dx: 60 — Sets the horizontal spacing/offset parameter to 60.
🔹 VOrdText_y: 20 — Sets the vertical Y-coordinate of the virtual-order text to 20.
🔹 VOrdText_dy: 14 — Sets the vertical spacing/offset between displayed virtual-order text elements to 14.
🔹 VOrdText_font: Arial — Uses the Arial font for virtual-order information.
🔹 VOrdText_font_size: 8 — Sets the virtual-order display font size to 8.
🔹 VOrdText_font_color: Gold — Sets the virtual-order display text color to Gold.
🔢 XMT Scalper EA MT4 Settings Summary
🔹 Magic Number: -1
🔹 ECN Mode: false
🔹 Debug: false
🔹 Verbose Logging: false
🔹 Virtual Pending Orders: true
🔹 Virtual Stops: true
🔹 Maximum Spread: 30.0
🔹 Maximum Execution: 0
🔹 Maximum Execution Minutes: 5
🔹 Take Profit: 10.0
🔹 Stop Loss: 60.0
🔹 Trailing Start: 0.0
🔹 Commission: 0.0
🔹 Slippage: 3
🔹 Dynamic Volatility Limit: true
🔹 Volatility Multiplier: 125.0
🔹 Volatility Limit: 180.0
🔹 Volatility Percentage Filter: true
🔹 Volatility Percentage Limit: 60.0
🔹 Moving Average Filter: true
🔹 Bollinger Bands: true
🔹 Bollinger Deviation: 1.5
🔹 Order Expiration: 3600 seconds / 60 minutes
🔹 Money Management: true
🔹 Minimum Lot: 0.01
🔹 Maximum Lot: 100.0
🔹 Risk: 2.0
🔹 Manual Lot Size: 0.1
🔹 Take Screenshots: false
🔹 Screenshot Delay: 1 tick
🔹 Screenshots Per Bar: 1
🔹 Virtual Order Display Position: Right upper chart corner
🔹 Virtual Order X Position: 25
🔹 Virtual Order X Offset: 60
🔹 Virtual Order Y Position: 20
🔹 Virtual Order Y Offset: 14
🔹 Virtual Order Font: Arial
🔹 Virtual Order Font Size: 8
🔹 Virtual Order Font Color: Gold
🔢 Conclusion
XMT Scalper EA MT4 provides a broad set of configuration controls for automated scalping, with particular emphasis on execution management, volatility adaptation, virtual order handling, technical filtering, and money management.
The supplied configuration has both VirtualPendingOrders = true and VirtualStops = true, giving the EA a virtual execution and protection layer. Its trading parameters include Take Profit = 10.0, Stop Loss = 60.0, MaxSpread = 30.0, and Slippage = 3.
Market-condition filtering is an important part of this setup. UseDynamicVolatilityLimit = true, UseVolatilityPercentage = true, UseMovingAverage = true, and UseBollingerBands = true are all enabled. The volatility configuration uses 125.0, 180.0, and 60.0, while the Bollinger Bands deviation is set to 1.5.
The money-management module is also active, with MoneyManagement = true, a minimum lot of 0.01, maximum lot of 100.0, risk value of 2.0, and manual lot size of 0.1. These parameters should be evaluated carefully against account size, broker contract specifications, leverage, and the actual risk characteristics of the strategy.
Overall, the configuration offers considerable flexibility for traders who want to adjust the EA's execution behavior and market filters rather than relying on a fixed trading profile.
🔢 FAQs
❓ What is XMT Scalper EA MT4?
XMT Scalper EA MT4 is an automated trading system featuring virtual orders, virtual stops, volatility filtering, Moving Average and Bollinger Bands filters, and configurable money management.
❓ Does XMT Scalper EA MT4 use virtual trading protection?
Yes. VirtualPendingOrders = true and VirtualStops = true, so both virtual pending-order and virtual-stop functionality are enabled.
❓ What are the Take Profit and Stop Loss settings?
The supplied configuration uses TakeProfit = 10.0 and StopLoss = 60.0.
❓ Which market filters are enabled?
The EA has dynamic volatility filtering, volatility-percentage filtering, Moving Average filtering, and Bollinger Bands filtering enabled.
❓ What are the lot-size settings?
Money management is enabled with MinLots = 0.01, MaxLots = 100.0, Risk = 2.0, and ManualLotsize = 0.1.
