Fractal Scalp 2
Fractal Scalp 2 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is Bill Williams fractals (swing highs / lows) and short scalping trades. Its source code uses fractals. It places pending orders, moves the stop behind price and can size trades from your risk. It has 14 settings, for example LOT (default 0.01), LOTrisk (default 5) and Delta (default 0). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 Fractal Scalp 2
Fractal Scalp 2 is an expert advisor (trading robot) for MetaTrader 4 based on Fractals. It places pending buy/sell stop or limit orders, 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 LOT, Lo trisk and Delta. MQL source code included.
Files in the download: FractalScalp v7.5.mq4, Instructions FractalScalpRU.txt, Важно.tpl, оптимизация.txt.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| LOT | 0.01 | , = 0 LOTrisk |
| Lo trisk | 5 | LOT=0, LOT= <if LOT = 0, LOT = percentage of the deposit> |
| Delta | 0 | <Indent nominations pending order items from the fractal> |
| Stoploss | 0 | =0, SL |
| Takeprofit | 20 | TP |
| K lot | 2.0 | <Zoom Ratio Lot> |
| Maxlot | 3.0 | <limiting the maximum lot> |
| Max risk | 10 | MaxRisk <close the warrant if the loss has reached MaxRisk percentage of the deposit> |
| Magic | 0 | Magic number that tells this EA's orders apart |
| Draw info | true | |
| All time stop orders | 50000 | <closure orders reaching a total profit and having a great time overall> |
| Max orders | 15 | Maximum number of open trades |
| Close profit | 10.0 | - OrdersCloseProfit, |
| Orders close profit | 10 | CloseProfit |
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 · Fractals · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code