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Spider Man 104 is an MT4 expert advisor that scalps forex pairs on M1, M5 and M15 charts, using support and resistance levels with moving averages on higher timeframes. It runs unattended and ships with preset inputs.
Get one message the moment it launches, with its price.
Spider Man 104 is an automated expert advisor for MetaTrader 4 that scalps forex pairs on short timeframes. It looks for price reacting around support and resistance levels and uses moving averages on larger timeframes to help judge the wider direction.
The expert is built around a level-based approach. It reads price action to find areas where the market has previously turned or stalled, and it opens trades when price interacts with those areas. Because levels are taken from price rather than from a lagging oscillator, the logic is easy to follow on a chart: you can check each entry against the nearby highs and lows.
Moving averages calculated on larger timeframes act as a background filter. The idea is to avoid taking short-term signals that run directly against the broader move. How strictly this filter is applied depends on the inputs, so confirm what is exposed in the settings window.
The listing describes a martingale-style recovery method. In practice this means lot size can increase after a losing trade in an attempt to recover it. This can raise exposure quickly during a losing streak, so check any multiplier, step limit and maximum lot inputs before running it on a live account.
Run one chart per pair and avoid mixing timeframes for the same symbol, so the expert does not interfere with its own positions.
The expert is presented as ready to use with its default inputs. Exact values are not listed here, so open the inputs tab after attaching it and review the groups below.
| Input group | What to check |
|---|---|
| Lot size or risk | Start with the smallest lot your broker allows |
| Recovery or multiplier | Multiplier value and maximum number of steps |
| Spread limit | Whether trading pauses when spreads widen |
| Trading hours | Whether sessions can be limited to your broker's liquid hours |
| Magic number | Use a different one per chart if you run several |
The listing mentions a small starting capital figure. Treat it with caution: an account that small leaves little room for a recovery method, so confirm the balance you need with a demo test.
Trading carries risk, and past results, including any signal history linked by the author, do not predict future ones. Recovery-style position sizing can produce losses larger than a typical single trade. Test on a demo account and only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Strategy focus | Scalping, Signals, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Scalping with support and resistance levels |
| Timeframes | M1, M5, M15 |
| Listed pairs | EURUSD, GBPUSD, AUDUSD, USDCHF, USDNZD, EURJPY, USDCAD |
| Filters | Moving averages on larger timeframes |
| Requirements | Chart running 24 hours a day; a VPS is recommended |
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No. This listing is for MetaTrader 4. An MT4 expert advisor cannot be loaded on MetaTrader 5, so make sure your broker offers an MT4 account before buying.
The product is described as coming with ready-made settings, so you can attach it as it is. Even so, review the lot size, any recovery or multiplier inputs and the spread limit, and test them on a demo account first.
The listing names EURUSD, GBPUSD, AUDUSD, USDCHF, USDNZD, EURJPY and USDCAD on the M1, M5 and M15 charts. Start with one pair and one timeframe on a demo account and watch how it behaves before adding more.
The expert must be running whenever the market is open in order to trade, so a VPS is a sensible choice. A home computer that sleeps or loses its connection will interrupt trading and may leave open positions unmanaged.
Scalping is sensitive to spread, execution speed and slippage. A broker with tight spreads and fast execution on the listed pairs is usually better suited. Compare results on a demo account that mirrors your real broker conditions.
The listing mentions a martingale-style recovery method. Increasing position size after losses can lead to large drawdowns in a run of losing trades. Check the relevant inputs and how many steps the expert can take, and size your account accordingly.
Spider Man 104
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