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An MT5 expert advisor that scalps USDJPY and EURUSD using local highs and lows, with an equity stop, randomised entries and adjustable trade distance. Trading carries risk and past results do not predict future ones.
Get one message the moment it launches, with its price.
Scalping Grid Trading Bot is an expert advisor for MetaTrader 5 that aims for many small, short-lived trades on USDJPY and EURUSD. It looks for local highs and lows on a timeframe you choose and places orders around them at a distance you can adjust.
The advisor scans recent candles for local highs and lows, which act as support and resistance levels. The BarsN input sets how many bars on each side are checked, and a value of 4 or higher is suggested. Orders are then placed relative to those levels, in a grid-like pattern, rather than at a single fixed price.
Three features shape its behaviour:
The product is intended for USDJPY and EURUSD. The timeframe is an input, since it controls how highs and lows are detected. The best choice depends on your broker and the current spread, so compare a few options in the Strategy Tester before using a live account.
The inputs are grouped into general, management, time and weekday sections. Exact defaults can differ, so check them in the input window after loading.
| Input | Purpose |
|---|---|
| Make me true to turn me on | Switches the algorithm on when set to true |
| Timeframe | Candle timeframe used to find highs and lows |
| Fixed amount of money | If above zero, this amount is used for each trade |
| Risk size in % | Percentage of the account used when the fixed amount is zero |
| BarsN | Bars checked for a local high or low |
| Close all floating | Closes all trades once a set amount of profit is floating |
| Take profit | Target expressed in R, where 300 means 3R |
| Trailing X and Y | X is the profit in R needed before trailing starts; Y is how far the stop moves |
| Start1, Stop1, Start2, Stop2 | Two daily windows in which orders may be placed |
| Weekdays | Allow or block trading on each day, Monday to Friday |
Scalping systems depend on tight costs. Wide spreads, commissions and slippage can erode small gains quickly, and trailing stops and win ratios make the system sensitive to them. Use a low-cost account and consider a VPS for stable execution.
Trading carries risk, and past results do not predict future ones. Test on a demo account, size positions conservatively and set the equity stop to a level you can accept.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Scalping, Grid, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Supported symbols | USDJPY and EURUSD |
| Timeframe | Selectable in the inputs; used to find local highs and lows |
| Trade style | Scalping with grid-style entries near support and resistance |
| Position sizing | Fixed money amount or percentage risk per trade |
| Risk controls | Equity stop, take profit in R, trailing stop, time windows |
| Requirements | Low-spread, low-commission account; VPS recommended |
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No. This listing is for MetaTrader 5 only. It will not load in MetaTrader 4, so check that your broker offers an MT5 account before buying.
It is built for USDJPY and EURUSD. Running it on other instruments is not covered by the description, so test carefully on a demo account first if you want to try anything else.
Choose a broker with low spreads and low commissions, because scalping depends heavily on trading costs. Compare your broker's spread, commission and execution speed on a demo account before going live.
Extract the downloaded archive, copy the expert advisor file into the MQL5/Experts folder via File, Open Data Folder in MT5, then restart the terminal or refresh the Navigator. Drag it onto a USDJPY or EURUSD chart and allow algorithmic trading.
The equity stop and risk inputs can help you stay within a drawdown limit, but rules differ between firms and nothing here guarantees you will pass. Read your firm's rules on EAs, trade frequency and news trading, and test first.
If the fixed amount input is above zero, that money amount is used per trade. If it is zero, the size is calculated as a percentage of the account using the risk input.
Scalping Grid Trading Bot
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