ScalpWiz 9001 - MetaTrader 4 Expert | Scalping EA Download - MT4/MT5 Resources

For EURUSD M1. Value optimization can be done against other currency pairs, I have had good success with NZDUSD and AUDUSD. I wouldn't use it on a live account yet, but it is a good example of how to trade when the price is rising significantly on the M1 chart.

The EA looks at the size of the current bar and issues "Buy/Buy Stop" and "Sell/Sell Stop" if the bar exceeds predetermined limits (of which there are 4). Each limit has a multiplier associated with it. If the bar exceeds the Level1Pips value, it will apply the StengthLevel1Multiplier value and multiply it by the PercentRisk value provided to the PercentPerchase function. You can set your PercentRisk as a percentage of your account balance, divided by the current ask/bid price to get the lot size. You can keep your risk percentage low and the lot size will increase or decrease with your account balance.

You may or may not use buy stop and sell stop. By default, buy and sell stops will expire after 10 minutes. This value can be modified.

Currently, the EA is issuing too many buy and sell orders. This is a simple fix, but I haven't gotten around to it yet.

Attachment download

📎 mcb.scalpwiz.9001.mq4 (12.01 KB)

Source: MQL5 #14502

ScalpWiz 9001 - MetaTrader 4 Expert Preliminary Tips

This page has been supplemented with structured instructions, focusing on the purpose of EA source code, MQL4/MQL5 platform compatibility, testing process and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen EA source code and are willing to do simulation disk verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

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