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Punisher Scalper is an MT5 expert advisor built for short-term trading on NZDUSD, with the M2 chart as the intended timeframe. It combines price action patterns, trend reading and support and resistance levels to time entries.
Get one message the moment it launches, with its price.
Punisher Scalper is an expert advisor for MetaTrader 5 that trades the NZDUSD pair on short timeframes. It looks for entries by combining trend analysis, price action patterns and support and resistance levels, then manages each position with its own stop loss and take profit logic.
The EA reads price data from more than one timeframe at the same time, so a signal on the M2 chart is checked against the wider market context. According to the developer, it draws on a library of price action patterns and several standard indicators to judge the start, direction and strength of a move, and to spot possible reversals near support and resistance zones.
Stop loss and take profit levels are described as being adjusted automatically rather than set by hand, with a reward-to-risk ratio that is usually a little above one. Because it is a scalper, it can open trades fairly often, which also means spread and commission costs matter more than they do for slower systems.
The developer suggests a small starting balance and high leverage, but these are only guidelines. Check your own broker's margin rules, contract size and minimum lot before deciding how much to deposit.
The inputs are grouped into lot sizing, spread control and a trading hours filter. Default values are not listed here, so review them in the input tab after attaching the EA and test any change on a demo account first.
| Input | Purpose |
|---|---|
| Lot Type | Choose fixed or automatic lot sizing |
| LotCalc | For automatic sizing, base the calculation on equity or balance |
| FixLot | Lot size used in fixed mode |
| LotIncrease | Amount of balance or equity per lot step in automatic mode |
| Spread | Maximum spread allowed; -1 turns the check off |
| UseTF | Turns the trading hours filter on or off |
| StartHour / StartMin | Time from which trading is allowed |
| EndHour / EndMin | Time after which no new trades are opened |
| TradeOnMonday to TradeOnFriday | Enable or disable trading on each weekday |
Trading carries risk and an expert advisor can lose money as well as make it. Past results, including any forward testing mentioned by the developer, do not predict future ones. Test on a demo account first and never risk money you cannot afford to lose.
For continuous operation, many traders run the EA on a VPS close to the broker's server so that a lost connection or computer restart does not interrupt it.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| 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) |
| Main market | NZDUSD |
| Intended timeframe | M2 |
| Trade style | Scalping with trend and support and resistance logic |
| Lot sizing | Fixed lot or automatic lot based on balance or equity |
| Account type | Raw spread or low-spread account suggested |
| Requirements | Hedging or netting MT5 account, algo trading enabled |
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No. This product is built for MetaTrader 5 and will not load in MT4. If you trade on MT4 you need an MT4 version of an expert advisor, which is a separate product.
The EA is designed for NZDUSD on the M2 chart. Attach it to that chart first. Running it on other symbols or timeframes is outside its intended design and should only be tried on a demo account.
Scalping systems are sensitive to spread and execution speed, so a raw-spread or low-spread account with fast execution is generally the better fit. Check your broker's typical NZDUSD spread, commission and leverage rules before going live, and confirm any deposit recommendation that applies to your account currency.
Extract the download, copy the EA file into the Experts folder inside your MT5 data folder (File, Open Data Folder, MQL5, Experts), then restart MT5 or refresh the Navigator. Drag the EA onto an NZDUSD M2 chart and make sure Algo Trading is switched on.
Yes. There is a trading hours filter with start and end times, plus switches for each weekday. You can also set a spread limit so that new trades are not opened when the spread is too wide.
No. Trading carries risk, the EA can lose money, and past results do not predict future ones. Test on a demo account and use position sizes you can afford before using real funds.
Punisher Scalper MT5
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