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EA Ice Cube Scalper is an MT4 expert advisor that trades short-term entries in the direction of the trend, using RSI, and averages into losing positions with a lot multiplier. It has limits for order count, trade duration and Friday trading.
Get one message the moment it launches, with its price.
EA Ice Cube Scalper is an automated trading system for MetaTrader 4. It opens frequent short-term trades in the direction of the prevailing trend, uses RSI to time entries, and manages losing positions with an averaging grid that scales lot sizes by a multiplier.
The EA looks for entries that agree with the trend and uses the RSI indicator to decide when to open. Each trade targets a small gain, so it can place many trades in a day. If price moves against a position, the EA can add further orders at set distances, each larger than the last by the lot multiplier. This is an averaging approach, and it needs to be understood before it is used on a live account.
The developer points to the H1 timeframe. The product is intended for forex symbols on MT4, but suitability varies by broker, spread and execution. Check symbol names, spreads and swap costs with your own broker, and run the strategy tester to see how it behaves on the pairs you plan to use.
The main inputs are listed below. Default values are not given here, so read them in the EA properties after loading it and test any change before going live.
| Input | Purpose |
|---|---|
| Start_Lot | Size of the first order in a series |
| Lot_Multiplier | Factor applied to the lot of each averaging order |
| Orders_Step | Distance between averaging orders |
| SmartStep | Turns on adaptive spacing between orders |
| StartStepCoeff | Order number after which the step starts to grow |
| Max Trades | Maximum number of open orders at the same time |
| UseTimeOut / MaxTradeOpenHours | Closes trades that stay open longer than the set hours |
| Friday_Trading_Hour / Friday_Trading_Minute | Time on Friday when trading stops |
| Inp_Friday_Close | Forces closing of orders late on Friday |
| Trade_Now | Stops new entry signals while the current series completes |
The developer suggests a starting lot of 0.01 for each 1,000 units of deposit, and a cent account for balances under that. Treat this as a starting point only and compare it with the drawdown you see in testing.
Trading carries risk and past results do not predict future ones. Averaging with a lot multiplier can produce large losses if the market keeps moving against a series. Test on a demo account first and only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Scalping, Signals, Trend, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Scalping with trend filter, RSI-based entries, averaging |
| Suggested timeframe | H1 (confirm in the strategy tester) |
| Markets | Forex symbols on MT4; check your broker's symbol list |
| Account suggestions | High leverage and a cent account for small balances |
| Risk controls | Max trades, equity risk limit, timeout, Friday close |
| Requirements | MT4 terminal with automated trading enabled |
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No. This listing is the MetaTrader 4 build, so it runs on MT4 only. It will not load in an MT5 terminal, so check which platform your broker account uses before buying.
Open MT4, choose File, then Open Data Folder, and go to MQL4 and then Experts. Copy the expert file there, restart the terminal or refresh the Navigator, and drag the EA onto a chart. Make sure the AutoTrading button is on and that algorithmic trading is allowed in the EA properties.
The developer points to the H1 timeframe, high leverage and small starting lots relative to the balance, with a cent account for small deposits. Confirm these against your own broker's conditions and test them in the strategy tester before using real money.
Averaging with a lot multiplier increases exposure as a series of orders grows, so a strong move against the position can cause large losses. Use the order cap and equity risk limit, keep lot sizes small, and understand the mechanics before going live. Trading carries risk and past results do not predict future ones.
It stops the EA from looking for new entry signals. The EA finishes the series it already has open and does not start a new one, which is useful if you want to wind trading down.
Yes. Run it in the strategy tester and then on a demo account with your broker's data and spreads. Scalping systems are sensitive to spread, slippage and execution speed, so results can differ between brokers.
EA Ice Cube Scalper
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