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Idol is a trend-scalping expert advisor for MetaTrader 4. It works out buy and sell zones, trades on the 5-minute chart of major forex pairs, and manages each trade with a stop loss, take profit and trailing stop.
Get one message the moment it launches, with its price.
Idol is an expert advisor for MetaTrader 4 that scalps in the direction of the prevailing trend. It marks buy and sell zones on the chart, estimates how likely price is to continue in the trend direction after consolidating, and opens short-term trades accordingly.
The EA builds buy and sell zones from recent price data and an ATR-based calculation. When price consolidates near one of these levels and the trend direction agrees, it can open a trade. The zones behave like support and resistance, and you can draw them on the chart as coloured lines if you want to see what the EA sees.
Each trade can have a fixed stop loss and take profit. A trailing stop can then follow the trade once it moves into profit. Two optional exits are also available: closing when price moves from one line to the opposite line, which signals a change of trend, and closing when a set percentage profit is reached.
The EA is built for the 5-minute chart. The suggested instruments are:
Run one instance per chart and choose the matching pair in the trading pair field. Check your broker's symbol names, because some add suffixes.
The inputs fall into a few groups. Exact default values can differ, so read them in the input window after you attach the EA.
| Setting | Purpose |
|---|---|
| Accuracy of transactions (0-100) | Signal accuracy level |
| This LOT / for each amount | Lot size per block of margin |
| Max lot | Upper limit on lot size |
| Take Profit / Stop Loss | Fixed exit levels |
| Take percent | Close when a percentage profit is reached (if above 0) |
| Close on opposite lines | Exit when the trend changes |
| Start trailing / Trailing Stop / Step | Trailing stop activation, distance and step |
| Candles for average price, Fibo level for ATR, ATR periods | Zone calculation |
| Max Slippage, Max Spread | Execution filters |
| Max Orders, Min Step | Number of simultaneous trades and spacing between them |
| Magic Number, Comment to order | Trade identification |
Use a different magic number for each pair if you want to track them separately.
Trading carries risk, and past results do not predict future ones. Scalpers are sensitive to spreads, slippage and execution speed. Test on a demo account first and only risk money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Scalping, Trend, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Trend scalping using buy and sell zones and support and resistance levels |
| Suggested pairs | USDJPY, EURGBP, EURUSD, GBPJPY, GBPUSD, EURJPY |
| Timeframe | M5 (5 minutes) |
| Trade management | Stop loss, take profit, trailing stop, optional close on opposite lines |
| Requirements | AutoTrading enabled; a VPS is recommended for continuous running |
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No. This edition is built for MetaTrader 4 and will not load in MetaTrader 5. If you use MT5, you need a version made for that platform.
The EA is designed to run with one chart per instrument. The suggested set is six pairs (USDJPY, EURGBP, EURUSD, GBPJPY, GBPUSD and EURJPY), each on the 5-minute timeframe. Attach the EA to each chart and pick the matching pair in the trading pair setting.
Any MT4 broker that offers the suggested pairs can be used. Because this is a scalper, check the broker's typical spread, execution speed and minimum stop distances. Test on a demo account first, and use the Max Spread and Max Slippage settings to filter poor conditions.
The lot is controlled by the lot setting together with the optional per-margin amount, and it is capped by Max lot. Choose values that suit your balance and risk tolerance, and confirm the effect on a demo account. There is no single correct figure for every account.
It is not mandatory, but a scalper that runs on several charts needs a stable connection and a terminal that stays open. A VPS is the usual way to achieve this.
No. Trading carries risk, and results from testing or earlier periods do not predict future results. Treat any settings as a starting point and test them yourself.
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