by 
This collection of Expert Advisors for MetaTrader 5 provides high-frequency scalping and multi-strategy automated trading across multiple currency pairs. The robots utilize a signal scoring system based on moving average crossovers, RSI momentum, Bollinger Band breakouts, and MACD signals. The suite includes a dedicate
Trading robot · MT4
Conservative Scalper EA
Conservative Scalper EA is a MetaTrader 4 robot designed for intraday scalping on major currency pairs such as EURUSD, GBPUSD, and USDJPY.
GitHub stars10
Forks0
Last update3 days ago20 Sep 2026
LicenceMIT
Overview
Conservative Scalper EA determines market bias on the M15 timeframe using dual Exponential Moving Averages and enters trades on the M5 chart based on RSI levels and candle breakouts. The system prioritizes risk management with mandatory stop losses, take profits, and a daily equity loss cap. It includes a session timer, rollover protection, and volatility filters to avoid trading during low-liquidity or high-spread periods.
- M15 EMA trend bias filter
- ATR-based volatility filters
- Daily loss and drawdown protection
- Session and rollover time restrictions
- Risk-based lot sizing
Details
Author
NadirAliOfficial on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Scalping, Trend following, Breakout, Indicator crossover
Markets
Forex
Timeframes
M1-M5, M15-H1
Risk Profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA Files
Topics
algorithmic-tradingexpert-advisorforexmql4scalpingtrading-botcapital-preservationmetatrader4
Input Parameters
Read from ConservativeScalper.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
MagicNumber | int | 20260409 | Unique EA identifier |
TradeComment | string | CScalp | Order comment tag |
EnableLong | bool | true | Allow buy trades |
EnableShort | bool | true | Allow sell trades |
OneTradePerSymbol | bool | true | One open trade per symbol |
AllowNewTrades | bool | true | Master on/off switch |
SessionStartHour | int | 8 | Server hour to start trading |
SessionEndHour | int | 17 | Server hour to stop new trades |
AllowMonday | bool | true | |
AllowTuesday | bool | true | |
AllowWednesday | bool | true | |
AllowThursday | bool | true |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
AllowFriday | bool | false | Off by default — thin close |
RolloverBlockBefore | int | 30 | Mins to block before 00:00 |
RolloverBlockAfter | int | 30 | Mins to block after 00:00 |
BiasTimeframe | ENUM_TIMEFRAMES | PERIOD_M15 | Trend filter timeframe |
BiasFastEMA | int | 50 | Fast EMA period on bias TF |
BiasSlowEMA | int | 200 | Slow EMA period on bias TF |
ExecEMA_Period | int | 20 | EMA for local direction |
RSI_Period | int | 14 | RSI period |
RSI_LongLevel | double | 50.0 | RSI cross-above for longs |
RSI_ShortLevel | double | 50.0 | RSI cross-below for shorts |
ATR_Period | int | 14 | ATR period |
MinATR_Pips | double | 3.0 | Min ATR (pips) — avoid dead mkt |
BreakoutBars | int | 1 | Bars back for high/low breakout |
LotSizingMode | int | 1 | 0=Fixed lot 1=Risk % |
FixedLot | double | 0.01 | Used when mode=0 |
RiskPercent | double | 0.50 | % of equity risked per trade |
MaxSpreadPips | double | 2.5 | Max allowed spread in pips |
MaxSlippagePts | int | 3 | Max slippage in broker points |
StopLossMode | int | 1 | 0=Fixed pips 1=ATR multiple |
StopLossPips | double | 8.0 | Fixed SL (pips) mode=0 |
StopLossATRMult | double | 1.2 | ATR multiplier for SL mode=1 |
TakeProfitMode | int | 1 | 0=Fixed pips 1=ATR multiple |
TakeProfitPips | double | 10.0 | Fixed TP (pips) mode=0 |
TakeProfitATRMult | double | 1.2 | ATR multiplier for TP mode=1 |
UseBreakEven | bool | true | |
BreakEvenTriggerR | double | 0.8 | Move SL to BE after 0.8R profit |
BreakEvenOffsetPips | double | 0.5 | Buffer pips beyond entry for BE |
UseTrailingStop | bool | false |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone NadirAliOfficial/conservative-scalper-ea from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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