Scalper 7
Scalper 7 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. As the name suggests, the idea behind it is short scalping trades. Its source code uses the Stochastic oscillator. It raises the lot size after losses (martingale — high risk) and places pending orders. It has 23 settings, for example use daily target (default FALSE), daily target (default 30.0) and trade in fri (default TRUE). 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 Scalper 7
Scalper 7 is an expert advisor (trading robot) for MetaTrader 4 based on Stochastic. It increases the lot size after a losing trade (martingale) and places pending buy/sell stop or limit orders. It has 23 settings, such as Use daily target, Daily target and Trade in fri. MQL source code included.
Files in the download: scalper.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 |
|---|---|---|
| Use daily target | FALSE | |
| Daily target | 30.0 | |
| Trade in fri | TRUE | |
| Magic | 1 | Magic number that tells this EA's orders apart |
| Start lot | 0.01 | |
| Range | 10.0 | |
| Level | 10 | |
| Lot multiplier | TRUE | How much the lot size grows after a loss |
| Multiplier | 2.0 | How much the lot size grows after a loss |
| Increament | 0.1 | |
| Use sl and tp | FALSE | |
| Sl | 60.0 | Stop loss distance |
| Tp | 30.0 | Take profit distance |
| Tp in money | 0.5 | |
| Stealth mode | TRUE | |
| Use stoch | TRUE | |
| K | 10 | |
| D | 3 | |
| Slowing | 3 | |
| Price field | 0 | |
| Stoch shift | 0 | Bar shift (0 = current bar) |
| Lo level | 30 | |
| Up level | 70 |
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 · Stochastic · MT4 Expert Advisor · MQL4 Source Code