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Ice Cube Scalper is an MT5 expert advisor that opens many short trades in the direction of the trend, using RSI for entries and a lot-multiplier averaging grid. Order-count and equity limits are available.
Get one message the moment it launches, with its price.
Ice Cube Scalper is an expert advisor for MetaTrader 5 that trades in short bursts during the day. It follows the prevailing trend, uses RSI to time entries and manages losing positions with an averaging grid that increases lot size at each additional order.
The EA looks for entries in the direction of the trend, with the RSI indicator acting as the trigger. Each trade aims for a small gain of a few points, so the EA tends to open and close many positions. When price moves against an open position, the EA adds further orders at a set distance, each with a larger lot than the last. The basket is then closed when it reaches its target.
This approach can recover from short pullbacks, but it also means exposure rises during a sustained move against the grid. Understand this behaviour before you attach the EA to a live account.
The author recommends the H1 timeframe and an account with leverage of around 1:500. The listing does not give an exact symbol list, so check which instruments you intend to trade in the Strategy Tester and on a demo account. Spreads, commissions and execution speed matter a great deal for a scalper, so choose a broker with tight, stable conditions.
The inputs below control lot sizing, the averaging grid and the safety limits. Exact default values are not listed here, so read them in the input window after loading the EA.
| Input | Purpose |
|---|---|
| Start_Lot | Lot size of the first order in a series |
| Lot_Multiplier | Factor applied to the lot of each averaging order |
| Orders_Step | Distance between averaging orders |
| SmartStep | Turns on a mode that changes the step between orders |
| StartStepCoeff | The averaging order after which the step begins to widen |
| Max Trades | Maximum number of orders open at once |
| UseTimeOut / MaxTradeOpenHours | Closes trades that stay open longer than the set number of hours |
| Friday_Trading_Hour / Friday_Trading_Minute | Time on Friday when trading stops |
| Inp_Friday_Close | Forces positions closed at the end of Friday |
| Trade_Now | When set to true, no new series start and the current one finishes |
The author suggests roughly 0.01 lots for every 1,000 units of deposit currency, and a cent account if your balance is lower. If you run other EAs on the same account, allow for more capital per 0.01 of starting lot. Treat these as starting points and confirm them in testing.
Trading carries risk and past results do not predict future ones. Averaging with a lot multiplier can produce large drawdowns or a full loss of the account if the market keeps moving against the grid. Limit the number of orders and the equity risk, and test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Scalping, Signals, Trend, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Scalping with trend filter and averaging grid |
| Entry signal | RSI indicator, trading with the trend |
| Recommended timeframe | H1 |
| Suggested leverage | 1:500, as recommended by the author |
| Risk controls | Max trades, equity risk limit, trade timeout, Friday close |
| Requirements | Terminal running continuously, algo trading enabled |
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This listing is the MT5 build and will only run in MetaTrader 5. The author has published a separate edition for MT4, which is a different product and is not interchangeable with this one.
The author recommends the H1 timeframe and an account with high leverage, such as 1:500. For starting lot size, the guidance is about 0.01 lots per 1,000 units of deposit currency, with a cent account for smaller balances. Check the symbol and account type with your broker and test first.
Yes. It adds averaging orders with a lot multiplier, so exposure can grow quickly during a long adverse move. Limit the number of averaging orders and the equity risk, and make sure you understand the grid before trading it on a live account.
Yes. Run it in the MT5 Strategy Tester on your broker's data and then on a demo account. Backtests do not include every live condition, such as spread changes, slippage and requotes, so live results can differ.
Set Trade_Now to true. The EA will finish the series that is already open and will not start new ones. Check the input description in the settings window to confirm the behaviour on your build.
It is designed for MT5 accounts, but scalping is sensitive to spreads, execution speed and stop-level rules. Test it on the account type you plan to use and confirm that your broker permits scalping and expert advisors.
Ice Cube Scalper for MT5
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