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First Scalper is an MT5 expert advisor that opens short-term trades and manages them with take profit, optional stop loss, two-step averaging, trailing and break even. It needs a hedging account and includes news and time filters.
Get one message the moment it launches, with its price.
First Scalper is an expert advisor for MetaTrader 5 that opens short-term positions and manages them with a take profit, an optional stop loss, optional averaging steps, trailing and break even. Most of the inputs deal with money management and filtering rather than with signal tuning.
The advisor looks for short-term entries using the author's own logic, which is not exposed as adjustable inputs. What you control is how trades are sized, when they are closed and when the robot is allowed to trade at all. You can limit it to long trades, short trades or both.
For positions that move against you, the advisor offers four behaviours:
Each averaging step has its own distance, volume multiplier and take profit. Averaging increases exposure as price moves against you, so use it with caution and keep the multipliers modest.
The advisor can be attached to any symbol and timeframe. That does not mean every combination suits it. Scalping is sensitive to spread, slippage and execution speed, so test each instrument you plan to use and set the maximum spread input to a level that fits your broker.
The inputs are grouped as follows. Check the exact defaults in the input window after you attach the advisor.
| Group | What it controls |
|---|---|
| General | Trade direction, a stop-new-trades switch, maximum spread, magic number and an on-chart panel with manual close buttons |
| Closing positions | Action for losing trades, take profit mode, take profit and stop loss in points, averaging distances, multipliers and targets |
| Volume | Fixed lots, lots per 1000 of balance, equity or free margin, or risk percent, plus minimum and maximum volume |
| Trailing and break even | Trailing start, distance and step, and break even activation |
| Filters | Days and hours to avoid, and news blocking for low, medium and high impact events with minutes before and after |
| Notifications | Pop-up alerts, mobile push messages and Telegram |
Run the Strategy Tester using every tick based on real ticks, and test the averaging distances, multipliers and take profit values over a recent period. Repeat the process from time to time. Distances are set in points, so check how they relate to the digit count of your broker's quotes.
Trading carries risk, and you can lose some or all of your capital. Past results, including tester results, do not predict future ones. Averaging can enlarge losses quickly. Start on a demo account and use lot sizes you can afford.
If you run the advisor on several charts or symbols, reduce the volume on each one, since the combined exposure is the sum of all of them.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Scalping, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Scalping with optional averaging |
| Markets | Designed to be attached to any symbol; test your own instruments first |
| Timeframes | Any; confirm the best choice in the Strategy Tester |
| Account type | Hedging accounts only (netting is not supported) |
| Volume modes | Fixed, dynamic lots, or risk percent |
| Alerts | Pop-up, mobile push and Telegram |
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No. The expert advisor needs a hedging account because it can hold several positions on the same symbol, for example when averaging is enabled. Check your account type with your broker before buying.
This listing is for MetaTrader 5 only. It will not load on MetaTrader 4, which uses a different file format.
Yes. Give each chart its own magic number so positions do not get mixed up, and lower the lot size on each chart, because total exposure adds up across all of them.
The signal logic itself has no inputs to tune. The inputs mostly cover money management, such as averaging distances, multipliers and take profit. It is sensible to test these in the Strategy Tester on your own broker data and to repeat the tests from time to time, since market conditions change.
Any broker that offers MT5 hedging accounts can work in principle. Spread matters a great deal for scalping, so use the maximum spread input and test on your broker's real tick data before trading live.
No specific figure is given here. The suitable deposit depends on your lot size, whether averaging is on and the symbol. Work it out in the tester and start on a demo account.
First Scalper MT5
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