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EU Scalp is an MT4 expert advisor that combines a trend-following strategy and a counter-trend strategy on one set of parameters. Its defaults are tuned for EURUSD on M15, with fixed or balance-based lot sizing and a drawdown safety limit.
Get one message the moment it launches, with its price.
EU Scalp is an expert advisor for MetaTrader 4 that runs two related strategies using the same set of parameters. One strategy trades in the direction of a price move after a key level is broken. The other is set up to trade against the move. Its defaults are tuned for EURUSD on the M15 chart.
The EA calculates trade levels from the highest and lowest prices of a number of recent candles, set by the Level parameter. A Stochastic Period setting changes how quickly those levels adapt: a lower value makes them respond faster. The levels are drawn on the chart as blue and red lines that mark the buy and sell zones of the two strategies.
A trade is only opened if a candle closes beyond a line. If price touches the line and quickly returns, the signal is cancelled. The Buy OffSet and Sell OffSet inputs move the lines away from the calculated level, in points, and accept positive or negative values. With both offsets at zero you see the raw levels.
Only one strategy is active at a time. When either one starts opening orders, the other waits until all orders are closed. By default, trades open and close on a new candle, which keeps behaviour consistent and makes Open Price testing practical.
The default values are meant for EURUSD on M15. Other pairs can be used, but they will probably need different levels, offsets and profit and loss factors. Run your own tests with your broker's data rather than assuming the defaults carry over.
Each strategy has its own block of inputs with the same names. The main ones are listed below.
| Parameter | Purpose |
|---|---|
| Auto Lot / Lots | Use a fixed lot size, or let the EA calculate it from the balance. Lots is ignored when Auto Lot is on. |
| Risk S1 / Risk S2 | Lot size scaling for each strategy. A value of 20 on a 1000 account gives 0.20 lots. |
| Keep Higher Lot | Prevents the automatic lot size from being lowered. |
| Use Set 1 | Turns the first strategy on or off. |
| Trade Long / Trade Short | Allows or blocks buys and sells for that strategy. |
| Level | Number of candles used to find the highest and lowest prices. |
| Buy OffSet / Sell OffSet | Shifts the trade lines, in points. |
| Stochastic Period | Controls how fast the levels change. |
| Profit factor / Loss factor | Targets that scale with lot size. |
| Trade On New Candle | When false, the EA no longer waits for a new candle to act. |
The EA also includes a drawdown safety limit, preset to 50% of account balance. Check the exact input names in the settings window and consider whether that limit suits your account.
Trading carries risk, and you can lose some or all of your deposit. Past results, including backtests, do not predict future ones. Test on a demo account first and only use lot sizes you can afford.
Automatic lot sizing raises position size as the balance grows, and the Keep Higher Lot option stops it from falling after losses. Both can increase exposure, so review them carefully.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Scalping, Trend, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Default market | EURUSD; other pairs need their own settings |
| Default timeframe | M15 |
| Trade style | Scalping, trend and breakout, with a counter-trend set |
| Position sizing | Fixed lots or automatic lots from account balance |
| Safety feature | Drawdown limit, preset to 50% of balance |
| Requirements | MT4 terminal with AutoTrading enabled; a VPS is optional |
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No. This is an MT4 expert advisor and it will not load in MetaTrader 5. If you use MT5, look for a product listed for that platform.
The defaults are tuned for EURUSD on the M15 chart. Other pairs may need different values for Level, the offsets, the Stochastic Period and the profit and loss factors, so test them on your own broker's data before using them live.
With Auto Lot off, the Lots value is used for both strategies. With Auto Lot on, lot size follows account balance and the Risk S1 and Risk S2 values. For example, a Risk S1 of 20 on a 1000 account gives 0.20 lots. The next lot size is shown as a comment on the chart. Keep Higher Lot stops the size from being reduced.
No. When one strategy starts opening orders, the other waits until all of those orders are closed. You can also switch the first set off with Use Set 1, and enable or disable long and short trades separately.
By default the EA opens and closes trades only at the start of a new candle, so the Open Price testing mode in the Strategy Tester is suitable. Setting Trade On New Candle to false changes this, and results from faster modelling will then differ. Results from testing do not predict live performance.
No minimum deposit or broker requirement is given here. Check the settings, your broker's contract sizes, spreads and minimum lot, and test on a demo account first.
EU Scalp
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