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Shauns CoPilot is an MT4 expert advisor that runs two trade layers, anchor and scalp, and lets you combine a choice of indicators into one signal. It adds loss guards, entry filters and an on-chart control panel.
Get one message the moment it launches, with its price.
Shauns CoPilot is an expert advisor for MetaTrader 4 that opens trades from a combination of indicator signals and manages them with a set of built-in protection rules. It is configurable, so most of its behaviour depends on the inputs you choose.
The EA uses two layers of trading. Anchor trades follow a directional structure and are meant to be sized more conservatively. Scalp trades are shorter-term entries that use a directional bias and spacing filters to avoid stacking positions too close together. Each layer can have its own magic number, so statistics for each symbol stay separate.
You switch on any mix of the available indicators, such as Bollinger Bands, Stochastic, RSI, MACD, VWAP, Heiken Ashi, Donchian, Williams %R, CMF, Coppock Curve, fair value gaps and support and resistance. Two extra slots accept your own custom indicators, using buffer, value, cross or price modes. A combine setting decides how votes are counted: all must agree, a majority, at least two, or any single indicator.
The EA includes a floating loss guard that can apply to scalp trades only or to all trades, and a scalp loss protection that can pause or stop trading after a loss. Open trades can be managed with partial closes, breakeven, profit trailing, swap avoidance, a time window filter and a seasonal pause. Lot sizing can be fixed or use Martingale, Fibonacci or Sum progression, with separate caps for anchor and scalp trades. Progression modes raise exposure after losses and deserve extra caution.
The chart shows buttons to close buys, sells, all trades or only profitable ones, and to pause or resume the EA. Panels display profit for today, yesterday, this month and in total, plus win rate, open positions, lots and floating profit or loss. A diagnostics overlay lists each indicator's vote and the overall signal, and support and resistance lines can be shown or hidden.
The EA is intended for symbols on an MT4 account, mainly forex pairs. The timeframe is not fixed by the product, so test the symbol and chart period you plan to use. Check your broker's spread, commission, minimum lot and stop level rules, as they affect scalp-style entries in particular.
| Area | What to check |
|---|---|
| Indicator selection | Which indicators are enabled and the combine rule |
| Lot sizing | Mode, base lot and the anchor and scalp caps |
| Loss protection | Floating loss guard scope and scalp loss action |
| Filters | Spread guard, time window, signal delay, support and resistance block |
| Trade management | Partial close levels, breakeven and trailing |
Exact defaults and any suggested set files should be reviewed before use. Do not assume one configuration suits every symbol or account.
Trading carries risk, including the loss of your capital, and past results do not predict future ones. Test on a demo account first, use position sizes you can afford, and be especially careful with Martingale or other progression lot modes.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Scalping, Signals, Trend, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Trade style | Scalping and trend or momentum entries, signal-based |
| Markets | Forex symbols offered by your broker; check others on a demo first |
| Timeframes | Chosen by the user; test your intended chart before going live |
| Signal engine | 20+ selectable indicators plus two custom indicator slots |
| Lot sizing | Fixed, Martingale, Fibonacci or Sum modes, with caps |
| Requirements | MT4 terminal, algo trading enabled, stable connection or VPS |
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No. This product is built for MetaTrader 4 only. It will not load in MetaTrader 5, so check which platform your broker account uses before buying.
In MT4 choose File, then Open Data Folder, open MQL4 and then Experts, and copy the EA file there. Restart the terminal or refresh the Navigator, drag the EA onto a chart and allow algo trading. The installation section above lists the steps in order.
The store does not give fixed settings, because suitable values depend on your broker, symbol, account size and risk tolerance. Start on a demo account, review every input, and keep lot sizes small until you understand how each module behaves.
Progression modes increase position size after losses, which can make drawdowns much larger. If you use them, set the maximum lot caps carefully and test thoroughly. Fixed lot sizing is the more conservative choice.
It should run on any MT4 broker that allows expert advisors, but spreads, execution speed, symbol names and lot rules differ. Check the spread guard and lot scaling against your own broker's conditions on a demo account first.
An EA only trades while the terminal is running and connected. A VPS is a common way to keep MT4 online, but it is optional if you can keep your own computer running reliably.
Shauns CoPilot
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