Conservative Scalper EA is a MetaTrader 4 robot designed for intraday scalping on major currency pairs such as EURUSD, GBPUSD, and USDJPY. It 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 prioriti
Trading robot · MT4
Ea Scalp Three
Ea Scalp Three is an automated scalping robot for MetaTrader 4 that uses recent price action to determine market direction.
GitHub stars1
Forks0
Last update5 years ago3 Sep 2021
LicenceNone stated
Overview
Ea Scalp Three analyzes the closing prices of the three most recent candles on the one-minute timeframe to detect momentum. The software opens a buy position when bullish momentum is identified and a sell position during other conditions, ensuring only one trade is active at a time. It features hardcoded risk controls including a fixed stop loss and take profit, utilizing fixed lot sizes for execution.
- M1 momentum scalping logic
- Fixed stop loss and take profit
- Automated single order management
- Designed for EURUSD pair
Details
Author
mirkop94 on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Scalping, Trend following
Markets
Forex
Timeframes
M1-M5
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
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone mirkop94/EaScalpThree 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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