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EA Skynet is an MT4 expert advisor that studies price history to estimate where a support or resistance breakout may occur, then places pending orders. It is built for short-term trading on EURUSD, USDJPY and GBPUSD.
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EA Skynet is a fully automated expert advisor for MetaTrader 4. It analyses recent price history to estimate where a support or resistance level is likely to be broken, and then places pending orders to trade that move. It is aimed at short-term, scalping-style trading on a small set of major currency pairs.
The EA examines historical price data and works out a probability for where the next breakout of a support or resistance zone may take place. It does not enter at market on a signal. Instead it sets pending orders at calculated distances from a virtual order level, and these orders are only placed or removed according to how far price has moved. Two separate strategy modes can be switched on or off, and an option allows the EA to take breakouts of previous weeks into account.
Open trades can be managed with a fixed take profit and stop loss, an adaptive trailing stop with several trailing modes, and a breakeven function. A protective close option can force positions shut to limit losses, and an on-chart panel shows statistics gathered by the EA.
The suggested symbols are EURUSD, USDJPY and GBPUSD, on M30 and H1 charts. EURUSD and USDJPY on H1 or M30 are the pairs most commonly highlighted for this EA. Running it on other instruments or timeframes is outside its intended use and should only be tried on a demo account first.
The inputs cover order direction, risk, spread control, trade management and time filters. The main groups are listed below. Default values are set in the EA's inputs tab, so check them there and test any change on a demo account.
| Setting group | What it controls |
|---|---|
| Magic, Order Comment, Slippage | Order identification and allowed slippage |
| Max Spread, disable trade if spread high | Spread limit and a temporary trading pause when the average spread is above it |
| Use_Risk MM, Percentage Risk, Fixed Lot | Automatic lot growth with balance, or a fixed lot size |
| Take Profit, Stop Loss | Exit distances in points |
| Adaptive trading stop, Set Trailing Mod, Trailing Stop/Step | Trailing stop behaviour |
| Breakeven inputs | When and how far the stop moves to breakeven |
| Use Strategy 1 / Use Strategy 2, Step Orders and factors | Strategy selection and pending order spacing |
| Weekday and time filters, GMT_mode | Days and hours in which trading is allowed, including an earlier stop on Friday |
Trading carries risk, and you can lose some or all of your deposit. Past results, including backtests and monitoring, do not predict future ones. Scalping systems are sensitive to spread, slippage and execution speed, so results on your broker may differ from what you see elsewhere. Test on a demo account first and risk only what you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Scalping, Signals, Support and resistance, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Fully automated expert advisor |
| Trade style | Scalping with pending orders on support and resistance breakouts |
| Suggested pairs | EURUSD, USDJPY, GBPUSD |
| Suggested timeframes | M30 and H1 |
| Broker type | Low-spread ECN account with 5-digit quotes is preferred |
| Other requirements | Scalping must be allowed; a VPS is advised; check minimum deposit and leverage |
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This listing is for MetaTrader 4 only. The expert advisor will not load on MetaTrader 5. If you use MT5, look for the separate MT5 product rather than trying to run this one.
A broker with low, stable spreads and 5-digit quotes suits this style of trading best, and ECN-type accounts are usually preferred. Before you start, confirm that the broker permits scalping and positions held for under a minute, and ask about its minimum stop level, because a wide stop level can interfere with pending orders.
The EA places and manages pending orders and reacts to spread changes, so it needs MetaTrader running without interruption. A VPS with a stable connection is the usual way to achieve that.
Yes, provided each expert advisor on the account uses a different Magic number. Otherwise the EAs may treat one another's orders as their own.
Start with the default inputs on a demo account, on one of the suggested pairs and timeframes. Then adjust the lot size or risk percentage, spread limit and trading hours to suit your broker and account. Test any change before using it on a live account.
Copy the expert file into the MQL4 Experts folder through File, Open Data Folder in MetaTrader 4, restart the terminal or refresh the Navigator, then drag the EA onto a chart. Make sure Algo trading is enabled in the toolbar and that live trading is allowed in the EA properties.
EA Skynet
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