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Ice Scalper Pro is an MT5 expert advisor that places pending breakout orders at recent highs and lows and manages them with stops, trailing and an optional time filter. It aims for many small gains per trade, so spreads and execution matter.
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Ice Scalper Pro is an automated expert advisor for MetaTrader 5. It trades short-term breakouts by placing pending stop orders just beyond the most recent high and low, then manages each position with stops, a trailing stop and a separate exit routine.
On each cycle the EA looks back over a set number of candles on its chosen timeframe and finds the previous high and the previous low. It then places a buy stop near the high and a sell stop near the low, offset by distances you can adjust. If price crosses one of those levels, the pending order is triggered and a trade opens. Orders that are not triggered expire after a number of hours that you set.
The developer describes the method as an attempt to catch a change in direction early, and says it does not rely on martingale or grid techniques. The strategy depends on collecting small gains, so trading costs have a large influence on the outcome.
The developer's suggested setup is an H1 chart on both EURUSD and USDJPY. Attach a separate copy of the EA to each chart and give each one its own magic number so that the EAs can tell their trades apart. Other symbols may behave differently, so test them before relying on them.
The inputs are grouped by purpose. Check the values on the product page and in the terminal before trading, because defaults may not suit your broker or account size.
| Group | What it controls |
|---|---|
| Main | Timeframe for highs and lows, start bar, number of candles, order expiry in hours, magic number |
| Time filter | Start and end hour and minute; orders and positions are closed at the end time |
| Lot settings | Fixed lots, percentage risk per trade (set to 0 to use fixed lots), lot factor |
| Order placement | Offset from the high and low, minimum distance, take profit, virtual take profit, stop loss, trailing stop and its trigger |
| Close settings | Timeframe and period used by the exit routine to filter noise |
| Challenge settings | Drawdown monitoring, starting capital, daily and overall drawdown limits, daily reset time |
Choose either a fixed lot size or a percentage of capital risked per trade. To use fixed lots, set the risk percentage to 0. The lot factor should stay at 1 unless you have tested what a larger value does to your drawdown, since it increases size after a stop loss.
The challenge settings can close trades when a daily drawdown limit is approached. They are a safeguard that you configure yourself, so confirm your firm's exact rules and reset time and test the behaviour on a demo account.
Trading carries risk, and you can lose some or all of your deposit. Past results, whether from the tester or live accounts, do not predict future ones. Do not set your risk based on a backtest, and remember that lower risk also means lower possible returns.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Scalping, Trend, Grid, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Breakout scalping with pending orders |
| Suggested markets | EURUSD and USDJPY (developer's suggested setup) |
| Suggested timeframe | H1 chart; the signal timeframe is an input |
| Position sizing | Fixed lots or percentage of capital at risk |
| Broker needs | Low spreads, low commission, fast execution |
| Requirements | Algo trading enabled; terminal running continuously |
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The developer's suggested setup is an H1 chart on EURUSD and on USDJPY, with the EA attached to each chart and a different magic number on each. Other symbols can be tried, but test them on a demo account first and check the results against your own broker's conditions.
This listing is for MetaTrader 5 only. An MT4 build is a separate product and will not run in MT5. Make sure your account and terminal are MT5 before buying.
The approach collects small gains per trade, so wide spreads, high commissions and slow execution can reduce results considerably. Look for a broker with low spreads and commissions and quick order execution, and compare costs on a demo account before going live.
The time filter uses your broker's server time, not your local time. You can read the server time in the Market Watch window or on the chart's time axis. Enter the start and end hours and minutes in that time. When the filter is on, orders and positions are closed at the end time.
The lot factor multiplies the lot size for the next order after a stop loss. Leaving it at 1 turns this off, which is the simplest setting. Any value above 1 raises position size after losses and increases risk, so test it carefully and only use it if you understand the effect on your drawdown.
Yes. Run it in the MT5 Strategy Tester and on a demo account with your own broker's data and spreads. Tester results depend on data quality and settings, and neither tester nor live results from the past predict future results.
Ice Scalper Pro
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