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
Scalping Master
Scalping Master is an automated trading robot for MetaTrader 4 designed for short-term execution.
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Last update1 year ago10 Apr 2025
LicenceNone stated
Overview
Scalping Master utilizes a technical strategy based on Exponential Moving Average crossovers combined with Relative Strength Index levels. The expert advisor features a dedicated quick scalping mode with tight targets and automated trade management, including partial profit taking and trailing stops. Risk controls are extensive, offering automatic lot sizing based on balance percentage, daily trade limits, maximum daily loss protection, and time-based filters. The repository lacks a README, but the code structure suggests a focus on disciplined intraday trading.
- EMA crossover and RSI signal logic
- Automatic lot sizing with percentage risk calculation
- Partial trade closing at designated targets
- Time-based filter with Friday exit logic
- Daily loss and trade count protection
Details
Author
chanalvarez on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Scalping, 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
Input parameters
Read from ScalpingMaster.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
GeneralSettings | string | ===== General Settings ===== | |
magicNumber | int | 12345 | Magic number |
lotSize | double | 0.01 | Fixed lot size |
UseAutoLotSize | bool | true | Use automatic lot size calculation |
RiskPercentInput | double | 1.0 | Risk percent per trade (if auto lot size) |
MinRiskPercentInput | double | 0.5 | Minimum risk percent |
MaxRiskPercentInput | double | 2.0 | Maximum risk percent |
slippage | int | 3 | Allowed slippage in pips |
QuickScalpingMode | bool | true | Enable quick scalping mode |
QuickTP | double | 5.0 | Quick take profit in pips |
QuickSL | double | 10.0 | Quick stop loss in pips |
MaxTradeHoldingTime | int | 60 | Max holding time in minutes (0=disabled) |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
UsePartialClose | bool | true | Enable partial close |
PartialClosePercent | double | 50.0 | Percentage to close at first target |
PartialCloseTarget | double | 3.0 | First target for partial close in pips |
TradingParameters | string | ===== Trading Parameters ===== | |
FastEMA | int | 8 | Fast EMA period |
SlowEMA | int | 21 | Slow EMA period |
RSIPeriod | int | 14 | RSI period |
RSIOverbought | int | 70 | RSI overbought level |
RSIOversold | int | 30 | RSI oversold level |
TakeProfit | int | 15 | Take profit in pips |
StopLoss | int | 10 | Stop loss in pips |
UseTrailingStop | bool | true | Use trailing stop |
TrailingStop | int | 8 | Trailing stop in pips |
TrailingStep | int | 1 | Trailing step in pips |
TimeFilterSettings | string | ===== Time Filter ===== | |
UseTimeFilter | bool | true | Use time filter |
StartHour | int | 8 | Start hour (server time) |
EndHour | int | 20 | End hour (server time) |
CloseAllFriday | bool | true | Close all positions on Friday |
FridayCloseHour | int | 20 | Hour to close positions on Friday |
RiskSettings | string | ===== Risk Management ===== | |
MaxDailyTrades | int | 10 | Maximum trades per day |
MaxDailyLoss | double | 5.0 | Maximum daily loss (% of balance) |
MaxSpread | double | 25 | Maximum allowed spread in pips |
tradingAllowed | bool | true | Enable/disable trading |
AdaptiveSettings | string | ===== Adaptive Parameters ===== | |
UseAdaptiveParams | bool | true | Use adaptive parameters |
SaveAdaptiveState | bool | true | Save adaptive state between sessions |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone chanalvarez/TScalpbot 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, and any .mqh files into the Include folder the code expects.
- 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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