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A New Look 2 is a scalping expert advisor for MetaTrader 5. It looks for short impulse moves, opens orders with a fixed stop loss, and offers fixed or dynamic lot sizing, a trailing stop and a spread filter.
Get one message the moment it launches, with its price.
A New Look 2 is an automated scalping system for MetaTrader 5. It watches the market for short impulse movements, picks a direction, and opens orders that each carry a fixed stop loss, with lot sizing and a trailing stop that you control through the input settings.
The expert advisor scans price action on the chart it is attached to and looks for conditions that suggest a short-term impulse. When it finds one, it decides on a direction and sends an order. Every order is placed with a stop loss, and the stop distance is kept small, as is usual for scalping approaches.
Before trading, the advisor also checks whether your account conditions suit the strategy. If they do not, it will not open positions. This can happen when spreads are too wide or the broker enforces large minimum stop distances. If you see no trades even in the Strategy Tester, the usual fix is to try another account type or another broker.
The inputs are few and simple. Check the default values in the input tab after attaching the EA, as they are not repeated here.
| Input | Purpose |
|---|---|
| Lot Selection | Chooses the lot mode: Fix for a fixed lot, Dynamic for a lot that adapts to the account. |
| StopLoss | Fixed stop loss distance in pips for each order. |
| TS | Turns on or configures the trailing stop system. |
| Spread | Maximum spread allowed when opening an order. |
| Magic | Unique magic number that lets the EA identify its own orders. |
Fixed lot keeps the size constant and is easier to reason about when you test. Dynamic lot changes the size with the account, which can increase exposure as the balance grows. Whichever you pick, set a size you are comfortable losing on a series of stopped-out trades.
A fixed stop loss limits the loss on a single order, but it does not remove risk. Scalping with tight stops is sensitive to spread, slippage, commissions and execution speed, and results can differ a lot between brokers. Test on a demo account and in the Strategy Tester before using real money.
Trading carries risk, and past results do not predict future ones. Only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Scalping |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Scalping with fixed stop loss |
| Suggested symbol | EURUSD |
| Suggested timeframe | H1 |
| Account type | ECN with low spreads is recommended |
| Lot modes | Fixed or dynamic |
| Other requirements | VPS and a fast broker are recommended |
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It is an expert advisor for MetaTrader 5. It will not load in MetaTrader 4, so check which platform your broker account uses before buying.
The suggested setup is EURUSD on the H1 chart. Other symbols are not described as recommended, so if you try them, test thoroughly on a demo account first.
The advisor checks your account conditions before trading and stays idle if they do not match its requirements, for example if spreads are wide or stops are too tight for the broker. If nothing opens, even in the Strategy Tester, try a different account type or broker, or review the Spread setting.
The developer's recommendation is a small starting balance of around 100 USD, but this depends on your broker, lot mode and risk tolerance. Check the requirements with your broker and test on a demo account first.
A VPS is recommended because the EA should run continuously and scalping is sensitive to connection speed and latency. It is not technically required to attach the EA to a chart.
No. Trading carries risk, and past results do not predict future ones. Test on a demo account and size positions carefully.
A New Look 2
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