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Ray Scalper is an automated expert advisor for MetaTrader 4 that uses technical indicators to trade both trend-following and counter-trend strategies. It monitors Bollinger Bands, Moving Averages, and Stochastic crossovers to trigger entries. The robot allows users to toggle between trend and anti-trend modes and inclu
Trading robot · MT4
Mforex Smart Scalper
This MetaTrader 4 expert advisor is designed for gold scalping using a combination of Relative Strength Index and Exponential Moving Average indicators.
GitHub stars9
Forks0
Last update1 year ago23 Aug 2025
LicenceNone stated
Overview
Mforex Smart Scalper identifies entry points when momentum reaches specific overbought or oversold thresholds while considering moving average trends. The system manages risk through fixed stop loss and take profit parameters, a maximum trade limit to prevent over-exposure, and an optional trailing stop mechanism. The strategy targets short-term price movements and executes trades using fixed lot sizing.
- RSI momentum filtering with adjustable overbought and oversold levels
- Dual Moving Average trend identification
- Configurable trailing stop with adjustable steps
- Maximum concurrent trade limit for risk control
Details
Author
francomascareloai on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Scalping, Indicator crossover, Mean reversion
Markets
Gold
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.
Input Parameters
Read from Mforex_Smart_Scalper_4.0_RECONSTRUCTED.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
LotSize | double | 0.01 | Tamanho do lote |
StopLoss | int | 50 | Stop Loss em pips |
TakeProfit | int | 30 | Take Profit em pips |
MagicNumber | int | 12345 | Número mágico |
MaxTrades | int | 5 | Máximo de trades simultâneos |
UseTrailingStop | bool | true | Usar trailing stop |
TrailingStop | int | 20 | Trailing stop em pips |
TrailingStep | int | 5 | Passo do trailing stop |
RSI_Period | int | 14 | Período do RSI |
RSI_Oversold | int | 25 | RSI sobrevendido |
RSI_Overbought | int | 75 | RSI sobrecomprado |
MA_Fast_Period | int | 10 | Período da MA rápida |
Show all 15 inputs
| Name | Type | Default | Description |
|---|---|---|---|
MA_Slow_Period | int | 20 | Período da MA lenta |
MA_Method | ENUM_MA_METHOD | MODE_EMA | Método da MA |
MA_Price | ENUM_APPLIED_PRICE | PRICE_CLOSE | Preço aplicado à MA |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone francomascareloai/BACKUP_EA_SCALPER_XAUUSD_2025 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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