hybrid scalper
Info
The hybrid scalper is a Expert Advisor for MetaTrader 4 that hybrid scalper is the expert advisor based on many indicators, best performance with 5-digits broker, true ecn broker (spread: no more then 5 pips). algorithm:buy/sell will be executed depending on trend direction and.
Usage
This tool is typically used for scalping on lower timeframes (M1-M15).
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use hybrid scalper
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
hybrid scalper is the expert advisor based on many indicators, best performance with 5-digits broker, true ecn broker (spread: no more then 5 pips).
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: fs s long trade scalper - another powerful expert for MetaTrader 4 traders.
hybrid scalper is the expert advisor based on many indicators, best performance with 5-digits broker, true ecn broker (spread: no more then 5 pips).
Also recommended: Renko Scalper - similar expert with strong performance on MetaTrader 4.
algorithm:
buy/sell will be executed depending on trend direction and .
loss orders will be closed depending on rsi, profitable orders will always survive (the sl/tp is modified).
the details can be found in the code.
volatility
:
expert decide if market is not stable using bollinger bands and will not trade during high volatility except if you set do not stop expert during market volatility(false)
expert will not trade during at the end of each year except if you set do not stop expert during market volatility(false)
extra features:
set trading days (example monday trade
true,
tuesday trade
false
etc...);
set max spread, ea will not work if spread exceeded;
magic number for strategy 1 (main strategy ) and magic number for strategy 2 (stop and reverse strategy);
you can disable stop and reverse strategy by setting "allow stop and reverse" false;
on each chart where expert is running, magic number 1 number must differ from magic number 2;
show account info, set to true to see some essential information on your chart (name, leverage, equity, magic numbers);
send saturday report : set to true , to receive each saturday a report about balance , equity, total profit/loss , margin , free margin
recommendations:
expert can make good profit in 3 to 4 years, and can also drain the entire account balance in 3 to 4 years;
take a look at the graph.
You may also like: Hybrid EA 1.0 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
extern string expname = "hybrid scalper"; // expert name
extern string expname2 = "m1 timeframe only"; // expert name
extern string expname3 = "optimised for eur/usd ecn broker spread no more then 5 pipes "; // expert rules
extern string expnameconfirm = " https://www.mql5.com/en/users/rodoboss"; // contact me :
extern string ii = "//////////////////////"; //////////////////////
extern int rsilevel = 7; //rsi level.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.