Free Scalper 3
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Free Scalper 3. As the name suggests, the idea behind it is short scalping trades. It moves the stop behind price, has a trading-hours filter and is set up for scalping. It has 18 settings, for example Lots (default 0.1), KLot (default 1) and Max Lot (default 5). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Free Scalper 3
Free Scalper 3 is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and is built for short scalping trades. It has 18 settings, such as Lots, K lot and Max lot. MQL source code included.
Files in the download: FreeScalper.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 |
|---|---|---|
| Lots | 0.1 | Trade size in lots |
| K lot | 1 | |
| Max lot | 5 | |
| Stop loss | 2000 | Stop loss distance |
| Take profit | 3000 | Take profit distance |
| Bu level | 0 | |
| Bu point | 30 | |
| Trailing stop | 0 | Trailing stop distance or switch |
| Start hour | 0 | Hour when trading starts (server time) |
| Start min | 30 | |
| End hour | 23 | Hour when trading stops (server time) |
| End min | 30 | |
| Slip | 30 | |
| Shift | 1 | Bar shift (0 = current bar) |
| Close on | 1 | 1- |
| Magic | 123 | Magic number that tells this EA's orders apart |
| Ind name | freescalperindicator | |
| Ind period | 14 | Period or timeframe used by the calculation |
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 · Trailing Stop & Break-even · Time Filter · MT4 Expert Advisor · MQL4 Source Code