EURUSD 1M Scalper EA 6
EURUSD 1M Scalper EA 6 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. Its source code uses moving averages and Ichimoku. It can hold buy and sell positions together, moves the stop behind price and can size trades from your risk. It has 14 settings, for example Display (default TRUE), Hedging (default TRUE) and Max Trades (default 10). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 EA file 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 · v1.0 · Free
About EURUSD 1M Scalper EA 6
EURUSD 1M Scalper EA 6 is an expert advisor (trading robot) for MetaTrader 4 based on Moving Average and Ichimoku. It can hold buy and sell positions at the same time (hedging), moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 14 settings, such as Display, Hedging and Max trades. MQL source code included.
It also is built for short scalping trades.
Files in the download: EURUSD 1M Scalper EA.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 |
|---|---|---|
| Display | TRUE | Display Parameters |
| Hedging | TRUE | |
| Max trades | 10 | MaxOrders |
| Auto lots | FALSE | Auto Lots |
| Lots | 0.01 | Trade size in lots |
| Check free margin | TRUE | Check Free Margin |
| Take profit | 19.0 | Take profit distance |
| Stoploss | 800.0 | Stop loss distance |
| Positions gap | 75.0 | Distance Btwn Orders |
| Trail sl | TRUE | Trailing StopLoss |
| Trail pips | 12 | Trailing Pips |
| Magic number | 82379 | Magic number that tells this EA's orders apart |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Spread op | 55.0 | Spread Max allowed |
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 · EURUSD · Hedging · Trailing Stop & Break-even · Risk & Lot Size · Moving Average · Ichimoku · MT4 Expert Advisor · MQL4 Source Code