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Eagle Scalper is an MT4 expert advisor that scalps during the Asian session, tuned for GBPUSD on the M15 chart. It uses indicator-based entries, a fixed stop loss, a spread limit and an optional news filter.
Get one message the moment it launches, with its price.
Eagle Scalper is an expert advisor for MetaTrader 4 that scalps the market in the quiet Asian session. It is tuned for GBPUSD on the M15 chart and relies on several indicator readings to decide when to enter and exit short-term trades.
The EA trades only between a start hour and an end hour that you set, which are intended to cover the Asian session. Inside that window it reads three built-in indicators that measure short-term price movement. When their entry conditions line up, it opens a trade. Take profit and stop loss levels adjust to current market conditions, and every order carries a fixed stop loss.
The developer optimized the system for GBPUSD and recommends the M15 chart. The same parameters are meant to be used for each pair, so no separate SET files are required. If you try another pair, test it on a demo account first. A low-spread or zero-spread account is recommended, because scalping targets are small and spread has a large effect on results.
Check the full list of inputs in the EA after loading it. The main groups are below.
| Input | Purpose |
|---|---|
| Lots / Risk | Fixed lot size, or a lot size calculated from a set share of capital when Lots is 0 |
| Open_Hour / Close_Hour | Trading window in server time |
| Auto_GMT_Offset / GMT_Offset / UseDST | Aligns the session window with your broker's clock |
| Max_Spread | Largest spread at which an order may open |
| TakeProfit / StopLoss | Distance of each order's exit levels |
| Trade_On_Friday, Friday_Hour, Friday_Minute | Friday trading and cut-off time |
| Use_Newsfilter and indent settings | Pause before and after light, medium and hard news |
| MAGIC / EA_Comment | Order identification |
The exact default values are not listed here, so read them in the inputs window and compare them with the developer's published backtests and signal pages before going live.
The news filter downloads economic events and pauses trading around them. You choose which impact levels to download, how many minutes to pause before and after each level, and which currencies to watch. You can also close open trades during a news session. The filter needs WebRequest permission for the news link in the MT4 options. Correct session timing also depends on the GMT offset, so check it after attaching the EA.
Trading carries risk and past results do not predict future ones. A fixed stop loss limits the loss on each order but does not remove risk, and slippage, wide spreads or gaps can lead to worse fills. Test on a demo account and use lot sizes you can afford.
For backtests, use high-quality tick data and enter your broker's GMT offset manually.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Scalping, Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated scalping system |
| Main market | GBPUSD (optimized for this pair) |
| Timeframe | M15 recommended |
| Trading hours | Asian session, set by Open_Hour and Close_Hour |
| Account type | Low or zero spread account recommended |
| Position sizing | Fixed lots or risk-based lot calculation |
| Extras | News filter, triple-swap protection, optional second order |
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No. This is an MT4 expert advisor and it will not load on MetaTrader 5. Check that your broker offers MT4 before buying.
The system is optimized for GBPUSD and the developer recommends the M15 chart. Other pairs may be possible with the same parameters, but you should test them yourself on a demo account first.
No SET file is needed. The inputs are meant to be the same for each currency pair, and the Use_Internal_Inputs option lets the EA use its built-in values for the stop loss and indicator settings.
The filter downloads news events from the internet. In MT4, open Tools, then Options, then Expert Advisors, tick the option to allow WebRequest for listed URLs and add the news link shown in the EA inputs.
In live trading the EA can calculate the GMT offset itself when Auto_GMT_Offset is on. The calculation can be wrong on some brokers, so confirm that the trading hours match your broker's server time. For backtests you enter the offset manually.
Scalping is sensitive to spread and execution speed. The developer recommends a zero-spread type account, so compare your broker's spreads and commissions and use the Max_Spread input to block trades when spreads widen.
Eagle Scalper
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