This collection for MetaTrader 4 features several expert advisors, primarily centered on the Candlestick Breakout Scalper. The lead tool monitors price action relative to previous candle highs and lows to identify breakout opportunities. It incorporates stochastic filters to confirm entries and supports specific tradin
Collection · MT4
HPCS Scalper EA
This MetaTrader 4 expert advisor utilizes an Exponential Moving Average alignment strategy for short-term trading.
High risk
GitHub stars1
Forks0
Last update4 years ago23 Feb 2022
LicenceNone stated
Overview
HPCS Scalper EA identifies trend direction by comparing several EMA periods, including 5, 8, and 13, to execute market entries. The robot features built-in risk controls, including hard stop loss and take profit settings defined in pips. Traders can manage active positions using a trailing stop with adjustable start and step parameters, plus a breakeven function to secure trades. It offers two lot sizing modes: fixed volume or a percentage of account risk. The project documentation is minimal.
- Exponential Moving Average alignment
- Adjustable trailing stop and breakeven
- Risk-based or fixed lot sizing
- Automated 3 and 5 digit broker detection
Details
Author
arvindbis29 on GitHub
Type
Collection
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover, Scalping, Martingale
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk profile
- Uses martingale lot scaling: losses can grow fast
EA files
- scalper/_HPCS_ScalperEA_MT4_EA_V05_WE.mq4
- scalper/_HPCS_ScalperEA_MT4_EA_V03_WE.mq4
- scalper/_HPCS_ScalperEA_MT4_EA_V04_WE.mq4
- scalper/_HPCS_ScalperEA_MT4_EA_V06_WE.mq4
- scalper/ _HPCS_ScalperEA_MT4_EA_V07_WE.mq4
- scalper/_HPCS_ScalperEA_MT4_EA_V02_WE.mq4
- scalper/_HPCS_ScalperEA_MT4_EA_V01_WE.mq4
- Expert Adva/_HPCS_Adva_MT4_EA_05_V01_WE.mq4
- Expert Adva/_HPCS_Adva_MT4_EA_04_V01_WE.mq4
About 20 expert advisors in this repository. See them all on GitHub.
Input parameters
Read from _HPCS_ScalperEA_MT4_EA_V05_WE.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
sec1 | string | ====== EA Inputs Parameter ====== | |
ii_lotstype | lotstype | 1 | Lots Type |
id_lotSize | double | 0.1 | Lots Size |
risk_p | int | 10 | Risk % |
ii_slippage | int | 10 | Slippage (in Pips) |
ii_magicNumber | int | 95824 | Magic Number |
id_takeProfit | double | 10 | Take Profit(in pips) |
id_stopLoss | double | 10 | Stop Loss (in pips) |
sec2 | string | ====== Trailling Stop Inputs Parameter ====== | |
ii_TS | int | 10 | Trailing Stop (in Pips) |
ii_TSStart | int | 10 | Trailing Stop Start (in Pips) |
ii_TSStep | int | 4 | Trailing Stop Step (in Pips) |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
sec3 | string | ====== Breakeven Input Parameter ====== | |
ii_breakeven | int | 10 | Breakeven(in pips) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone arvindbis29/MQL4 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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