EA XMT Scalper V3
From the Old Kings archive: EA XMT Scalper V3, an expert advisor (trading robot) for MetaTrader 4. Its name points to short scalping trades. The file name marks it as version 3. It raises the lot size after losses (martingale — high risk), places pending orders and moves the stop behind price. It has 40 settings, for example Configuration (default ==== Configuration ====), Magic (default -1) and Order Cmt. Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 2 EA files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v3 · Free
About EA XMT Scalper V3
EA XMT Scalper V3 is an expert advisor (trading robot) for MetaTrader 4. It increases the lot size after a losing trade (martingale), places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 40 settings, such as Configuration, Magic and Order cmt. MQL source code included.
It also can size trades from your balance and risk percent, has a news filter and is built for short scalping trades.
Files in the download: XMT Scalper v3.ex4, XMT Scalper v3.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Configuration | ==== Configuration ==== | |
| Magic | -1 | Magic number that tells this EA's orders apart |
| Order cmt | ||
| Ecn mode | FALSE | |
| Debug | FALSE | |
| Verbose | FALSE | |
| Virtual pending orders | true | |
| Virtual stops | true | |
| Trading settings | ==== Trade settings ==== | |
| Max spread | 30.0 | Maximum spread allowed to trade |
| Max execution | 0 | |
| Max execution minutes | 5 | |
| Take profit | 10.0 | Take profit distance |
| Stop loss | 60.0 | Stop loss distance |
| Trailing start | 0 | Trailing stop distance or switch |
| Commission | 0 | |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Use dynamic volatility limit | TRUE | |
| Volatility multiplier | 125 | How much the lot size grows after a loss |
| Volatility limit | 180 | |
| Use volatility percentage | TRUE | |
| Volatility percentage limit | 60 | |
| Use moving average | TRUE | |
| Use bollinger bands | TRUE | |
| Deviation | 1.50 | |
| Order expire seconds | 3600 | |
| Money management | ==== Money Management ==== | |
| Money management | TRUE | |
| Min lots | 0.01 | |
| Max lots | 100.0 | |
| Risk | 2.0 | Risk per trade (percent of balance) |
| Manual lotsize | 0.1 | |
| Screen shooter | ==== Screen Shooter ==== | |
| Take shots | FALSE | |
| Delay ticks | 1 | |
| Shots per bar | 1 | |
| Tmp50 | --- Virtual Orders: graphic --- | |
| V ord text corner | CORNER_RIGHT_UPPER | |
| V ord text x | 25 | |
| V ord text dx | 60 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Scalping · Martingale · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · News Trading · MT4 Expert Advisor · MQL4 Source Code