Originally derived from a smart money strategy, this framework handles position sizing based on balance risk, enforces daily loss limits, and applies cooldown periods after trades hit stop loss. It protects accounts by filtering entries during high-impact news, market rollovers, and weekend sessions. The tool automates limit order placement with risk-reward calculations and broker-level normalization for stops and freeze levels. Note that while it provides execution logic, the specific entry signal logic must be provided by the user.
Dynamic lot sizing based on account risk percentage
1Download the sourceUse "Download source (.zip)" above, or clone LinaDoron/Scorpion-s-Spear from GitHub, and unzip it.
2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
3Copy the filesCopy the .mq5 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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