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Stellar MT4 is an automated scalping expert advisor for the EURUSD pair on the M1 chart. It reads short-term price behaviour to time entries and manages exits with equity-based and profit-based closing rules.
Get one message the moment it launches, with its price.
Stellar MT4 is a fully automated expert advisor for MetaTrader 4 that scalps the EURUSD pair on the one-minute chart. It looks at short-term price behaviour to decide when to open a trade and then manages the position with a set of closing rules instead of a conventional fixed stop-loss.
The expert analyses recent price action and volume around nearby support and resistance areas, and opens a position when its conditions are met. If an entry does not work out, it can attempt re-entries. Exits are handled by several mechanisms that can be switched on or off:
The author states that it does not use martingale or averaging and that it does not need optimisation. Because it does not rely on classic stop-losses, an open position can sit in floating loss for a while, so you should understand how the closing logic behaves before using real money.
The expert is designed for EURUSD on M1. Spread matters a great deal on a one-minute scalper, so the author recommends an ECN or other low-spread account. Check your broker's typical and peak EURUSD spread, commission and execution speed before you commit.
The inputs are grouped into four blocks. Exact default values can differ between builds, so read the values shown in the input window after you attach the expert.
| Group | What it controls |
|---|---|
| Visualization | Info panel on or off and the panel colours, including separate profit and loss text colours |
| Setting trades | Magic number, maximum slippage, lot size, automatic lot on or off, and two calculation parameters used at entry |
| Closing positions | Equity trailing and its two activation variables, profit closing and its level, trailing order stop and its size |
| Time filter | Switch for the filter, plus the hour to start and the hour to stop opening new positions |
The author suggests a deposit from about 200 USD, but the right amount depends on your lot size, leverage and broker conditions. The author's tests on historical tick data are not a forecast. Run the expert on a demo account first and compare its behaviour with your own broker's spreads.
Trading carries risk, and you can lose some or all of your capital. Past results, including back-tests, do not predict future ones. Only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Scalping, Support and resistance, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automatic |
| Symbol | EURUSD |
| Timeframe | M1 |
| Trade style | Scalping around price behaviour, support and resistance, and volume |
| Account type | ECN or other low-spread account recommended |
| Deposit | Author suggests starting from about 200 USD; check with your broker |
| Lot sizing | Fixed lot or automatic lot, selectable in the inputs |
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No. This listing is the MetaTrader 4 build and runs only in MT4. An MT5 terminal cannot load it, so check that your broker offers MT4 before buying.
The author designed it for EURUSD on the M1 chart. Running it on other pairs or timeframes is not what it was built for, and you would need to test that yourself on a demo account first.
A low-spread account, typically ECN, is advised. The system is described as spread sensitive, so wide spreads, high commissions or slow execution can change how it behaves. Compare your broker's EURUSD spread and execution on a demo account before going live.
The author says optimisation is not required and that all inputs are available if you want to adjust them. Treat the defaults as a starting point, check lot size and the time filter against your own account, and test on a demo account first.
In MT4 choose File, then Open Data Folder, and copy the downloaded expert file into MQL4/Experts. Restart the terminal or refresh the Navigator, drag the expert onto a EURUSD M1 chart, tick Allow live trading in the properties and switch on the AutoTrading button.
Stellar MT4
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