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Hamster Scalping is a fully automated MT4 expert advisor that scalps using an RSI-based entry, a second filter range, and controls for lot size, spread, trading hours and news.
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Hamster Scalping is a fully automated expert advisor for MetaTrader 4. It looks for short-term entries using an RSI reading combined with a second indicator range, and it manages its own exits, lot size and trading hours.
The expert uses two indicators to decide when to trade. The first is an RSI-style oscillator with a configurable period. When it rises above the upper level the expert looks for a sell, and when it falls below the lower level it looks for a buy. The second indicator, which works as a volatility filter, has its own period and an allowed range. A trade is opened only when the second indicator's value sits between the lower and upper limits you set.
The settings also include a maximum number of orders and a choice of calculating take profit from breakeven or from the last order. This indicates that the expert can open more than one position in a series. How aggressively it does so depends on your inputs, so check these carefully on a demo account before using real funds.
The product information does not give a fixed list of symbols or one required timeframe, so confirm both through your own testing. As a scalper, it depends heavily on tight spreads and fast, reliable order execution. The author recommends a spread of roughly 2 to 5 points and a fast VPS with very low latency to the broker.
The inputs fall into a few groups:
| Group | What it controls |
|---|---|
| Indicator 1 | Period, upper level for sells, lower level for buys |
| Indicator 2 | Period and the range in which trades are allowed |
| Lot size | Initial lot, automatic lot option, deposit amount per lot step, maximum lot |
| Exits | Real and virtual take profit and stop loss, bar-open or current-price mode, breakeven or last-order basis |
| Limits | Maximum orders, maximum spread |
| Schedule | Start hour, end hour, Wednesday night logic, Friday stop time |
| Display and news | Statistics panel, close button, font size, news display and pauses around high-importance news |
| Identification | Magic number for the expert's positions |
Trading carries risk, and past results do not predict future ones. Scalping and position-series methods can lose quickly when spreads widen, execution slows or the market moves in one direction for a long time. Test on a demo account first and only trade with money you can afford to lose.
For continuous operation, run the terminal on a low-latency VPS and confirm that the expert shows as active in the chart's top corner.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (not for MT5) |
| Strategy focus | Scalping, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (fully automatic) |
| Trade style | Scalping with momentum-type entries, can open a series of orders |
| Entry logic | RSI upper and lower levels plus an allowed range of a second indicator |
| Position controls | Take profit, stop loss, virtual levels, max orders, max lot |
| Filters | Max spread, start and end hour, Wednesday night, Friday stop, news pause |
| Markets and timeframes | Check the settings guide and test on your own symbol before live use |
| Requirements | Low-spread broker with good execution; fast VPS recommended |
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No. This listing is for MetaTrader 4 only. It runs as an MT4 expert advisor and will not load in MT5.
Scalping systems are sensitive to spread and execution speed. The author recommends good execution with a spread of roughly 2 to 5 points. Compare your broker's real spread and slippage on a demo account before going live.
A VPS is strongly advised, because the expert advisor must stay connected and react quickly. Choose one with low latency to your broker's server, and check the latency figure with your VPS provider.
Unzip the download, copy the expert advisor file into the MQL4/Experts folder through File, Open Data Folder in MT4, restart the terminal, enable Algo Trading, and drag the expert onto a chart. Allow automated trading in the expert's properties.
The expert exposes inputs for the RSI levels, the second indicator range, lot size, spread limit and trading hours. Optimal values depend on the symbol, broker and timeframe, so test several configurations in the Strategy Tester and on a demo account first.
The inputs include a maximum number of orders and a take profit calculated from breakeven or the last order, which indicates it can build a series of positions. Review the maximum orders and lot caps carefully before trading live.
Hamster Scalping
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