Trend Reversal Scalper

Trend Reversal Scalper is an expert advisor for MetaTrader 5 that tries to catch short-term turning points in price. It waits for several conditions to line up on a new bar, then opens a trade with a fixed stop loss and take profit.

How it works

The expert checks the market once per new bar. It does not enter on a single signal. Instead, it combines four filters, and a trade is opened only when all the required ones agree that a reversal may be starting.

• Bollinger Bands: detects price moving outside the bands and then returning inside, which can hint at a rebound.
• Moving average: estimates the direction and strength of the short-term trend.
• RSI: flags overbought and oversold readings.
• Relative range: compares recent bar sizes over a set number of bars to gauge volatility and candle size.

Buy and sell entries come from the combination of these checks, so the style is counter-move scalping rather than trend following in the strict sense.

Markets and timeframes

The expert can be applied to major and cross currency pairs. XAUUSD and BTCUSD can also be traded, but their price scale and volatility differ a lot from forex, so stops, targets and lot size need to be adjusted for them. The timeframe is left to the user. Because spread matters for short trades, a low-spread or ECN account is usually the better fit.

Risk and trade management

Core protection

• Fixed stop loss and take profit in points on each trade.
• Optional breakeven, which moves the stop to the entry price after a set profit distance.
• Optional trailing stop.
• Time filter for choosing trading hours and days.
• Optional closing of all open positions at a set time each day.

Hedging and smart grid

An optional hedging mode lets long and short positions be managed together. Inside it there is a smart grid component that can add positions at preset distances. These features raise the number of open trades and can deepen drawdown, so they call for small lots and enough account balance. Leave them off until you have tested them on a demo account.

Settings

Exact input names and default values can differ between builds, so open the inputs tab and read each parameter before use. The table below lists the groups of settings you should expect to review.

No minimum deposit is fixed here. Check margin requirements with your broker for the symbol and lot size you plan to use.

Installation

1. In MetaTrader 5, choose File, then Open Data Folder.
2. Place the expert file in MQL5/Experts.
3. Restart the terminal or refresh the Navigator panel.
4. Open a chart of your chosen symbol and timeframe, then drag the expert onto it.
5. Enable algorithmic trading and review the inputs before confirming.

Testing before live use

Run the Strategy Tester with your own broker's data, then forward test on a demo account. Compare spreads, swaps and execution on each symbol, since they change the outcome of scalping systems.