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Robin the Hood EA is an MT4 expert advisor that scalps GBPUSD on the M5 chart. It reacts to sudden tick-based price moves and manages trades with stop loss, take profit and a trailing stop.
Get one message the moment it launches, with its price.
Robin the Hood EA is an automated scalping expert advisor for MetaTrader 4. It is built around the GBPUSD pair on the M5 chart, and it watches for fast price movements measured in ticks rather than relying on classic chart indicators.
Once attached to a chart, the expert advisor monitors incoming ticks. When price moves sharply by at least the number of ticks you define, it opens an order in the direction of that move. Each order is protected by a stop loss and a take profit, and a trailing stop can lock in part of a gain as price moves in your favour. The expert opens and closes trades on its own, so no manual entries are needed.
The number of trades per day depends on market activity. Quiet sessions produce fewer signals, and busier sessions produce more. You can limit trading to chosen hours of the day to avoid periods you consider unsuitable.
Position size is tied to your account balance through a risk input. The value is a relative factor rather than a fixed lot, so the same setting gives larger volume on a larger balance. The expert also has a magnification ratio that enlarges the next order after a trade closed with only a small trailing-stop gain. Because this raises position size, review it carefully and test it on a demo account before deciding how to use it.
The main inputs are listed below. Check the defaults in the expert's input window, as they may differ by build and are not repeated here.
| Input | Purpose |
|---|---|
| Volume_tics | Number of ticks of sudden movement needed to trigger an order |
| volume_increase | Unit of price change; closely linked to Volume_tics |
| StopLoss / TakeProfit / TrailingStop | Distances used for trade protection and exit |
| Risk | Relative lot size compared with account balance |
| Magnification_Ratio | Order size multiplier after a small trailing-stop result |
| step_price | Price change step used by the logic |
| hour_0 to hour_23 | Hours in which trading is allowed |
| max_spread | Highest spread at which new trades may open |
| signal | Turns email and push notifications on or off |
| Magic | Unique identifier for each running copy |
Volume_tics and volume_increase affect each other, so if you change one you will usually need to adjust the other. Most users should leave the basic price-step inputs alone until they have tested the effect of any change.
Trading carries risk, and you can lose some or all of your deposit. Past results do not predict future ones. Scalping is sensitive to spread, slippage and execution speed, so test on a demo account and use position sizes you can afford.
Keep the terminal running on a VPS or a computer that stays on. If you run several copies, give each a different magic number and make sure your balance is sufficient for the combined exposure.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Scalping, Signals, Grid, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Main market | GBPUSD with 5-digit quotes |
| Timeframe | M5 |
| Trade style | Short-term scalping on tick-based price spikes |
| Trade management | Stop loss, take profit, trailing stop |
| Account type | Low spread, ECN-style account recommended |
| Requirements | VPS or a PC running around the clock |
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No. This product is an MT4 expert advisor and will only load in MetaTrader 4. It cannot be attached to an MT5 terminal.
It is designed for GBPUSD on the M5 chart. Attach it to a GBPUSD chart set to M5 and leave other pairs alone unless you have tested them thoroughly on a demo account.
Choose a broker that offers GBPUSD with five-digit quotes and consistently low spreads. An ECN-style account is generally preferred for scalping. Compare spreads and execution on a demo account first, and set the maximum spread input to suit your broker.
The developer suggests a balance of roughly 1000 USD for a single instance, with more needed if you run several copies on the same account. Check the current guidance with your own risk limits in mind, and test on a demo account before using real funds.
The expert advisor needs the terminal to stay online and connected, so a VPS or a computer that runs around the clock is recommended. If the terminal is closed, the expert cannot manage or open trades.
Yes, but each copy needs its own unique magic number so the trades do not get mixed up. The developer also advises a larger balance when several copies share one account.
Robin the Hood EA
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