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EA Black Scorpion is an MT4 expert advisor that trades breakouts of support and resistance levels and of uptrend and downtrend lines. It includes breakeven, adaptive trailing stop, time filters and an on-chart information panel.
Get one message the moment it launches, with its price.
EA Black Scorpion is an expert advisor for MetaTrader 4 that enters the market when price breaks out of a defined level or trendline. It does not try to predict reversals; it waits for price to move through a boundary and then opens a position in the direction of the break.
The EA watches for three kinds of breakout: a break of a horizontal support or resistance level, a break of a downtrend line and a break of an uptrend line. Each trade is placed with a stop loss and take profit measured in points, and the stop distance is configurable. Open positions can be managed by a breakeven rule, a standard trailing stop, or an adaptive trailing stop that responds to price speed and time.
An information panel on the chart shows statistics gathered by the EA. It can be turned off, which makes strategy tester runs faster.
The developer suggests EURUSD and USDJPY on H1 or M30, and also lists GBPUSD on the same timeframes. Breakout systems are sensitive to spread, slippage and execution speed, so the developer asks for a broker with low spreads and commission, a small stop level and a freeze level of zero. Leverage of 1:100 or more is recommended.
Exact default values depend on the build you receive, so open the inputs window and review each value before trading. The main groups are:
| Input | Purpose |
|---|---|
| Magic, Order_Comment | Trade identifier and order comment |
| Slippage, Max_Spread | Allowed slippage and spread limit |
| Order_Type | Trading direction |
| Fixed_Lot, Use_Risk_MM, Percentage_Risk | Fixed lot or balance-based lot sizing |
| Take_Profit, Stop_Loss | Exit levels in points |
| Use_Break_Even and related inputs | Breakeven target and jump |
| Use_Trailing, Trailing_Stop, Trailing_Step | Standard trailing stop |
| Adaptive trailing inputs | Sensitivity and time scale |
| Daily and Friday time inputs | Trading hours, server or local time, GMT offset |
Begin on a demo account or with the smallest lot size your broker allows, and watch how the EA behaves with your broker's spreads and execution. Do not rely on a backtest alone, because tester conditions rarely match live trading exactly.
Trading carries risk, including the loss of your deposit. Past results, backtests and signal histories do not predict future ones. Only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Signals, Trend, Support and resistance, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, breakout strategy |
| Strategy tags | Signals, trend, support and resistance, breakout |
| Suggested symbols | EURUSD and USDJPY; GBPUSD also listed by the developer |
| Suggested timeframes | H1 or M30 |
| Broker conditions | Low spread, low stop level, zero freeze level, leverage 1:100 or more |
| Hosting | VPS with low latency to the broker is recommended |
| Account note | Use a unique Magic number if other EAs run on the same account |
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No. This listing is for MetaTrader 4 only. The developer publishes a separate MetaTrader 5 build, which would need to be obtained as its own product.
The developer suggests EURUSD and USDJPY on H1 or M30, and also lists GBPUSD on those timeframes. Run your own tests on your broker's data before choosing, because results differ between brokers.
Extract the download, copy the expert file into the MQL4/Experts folder through File > Open Data Folder in MT4, restart the terminal, then drag the EA from the Navigator onto a chart. Make sure AutoTrading is switched on.
The developer recommends a low spread (up to about 2 pips), a stop level of up to 0.5 pips, a freeze level of zero and leverage of 1:100 or more. Check these values for your account type before going live.
Yes, but give each EA a different Magic number so they do not manage each other's trades. The Magic input in this EA serves that purpose.
It is not enforced, but the developer advises a VPS with minimal latency to the broker server, since the EA reacts to price breakouts and depends on stable execution.
EA Black Scorpion
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