Smart Scalping EU M1
Smart Scalping EU M1 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around short scalping trades. It places pending orders, moves the stop behind price and can size trades from your risk. It has 9 settings, for example comment (default SSEUM1), Magic (default 1423) and Risk (default 1). 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 Smart Scalping EU M1
Smart Scalping EU M1 is an expert advisor (trading robot) for MetaTrader 4. 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 9 settings, such as Comment, Magic and Risk. MQL source code included.
It also is built for short scalping trades.
Files in the download: Smart Scalping EU M1.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 |
|---|---|---|
| Comment | SSEUM1 | Comment written on the orders |
| Magic | 1423 | Magic number that tells this EA's orders apart |
| Risk | 1 | Risk per trade (percent of balance) |
| Lots | 0.1 | Trade size in lots |
| Ecn | FALSE | |
| Take profit | 100.0 | Take profit distance |
| Trailing start | 6.0 | Trailing stop distance or switch |
| Ttrailing stop | 6.0 | Trailing stop distance or switch |
| Stop lose | 20.0 |
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 · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code