10 Pip Scalping EA
Info
The 10 Pip Scalping EA is a Expert Advisor for MetaTrader 5 that a scalping expert advisor (ea) designed to target 10 pip profits. This EA utilizes distinct Stop Loss and Take Profit levels for both buy and sell orders.
Usage
This tool is typically used for scalping on lower timeframes (M1-M15).
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use 10 Pip Scalping EA
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
A scalping Expert Advisor (EA) designed to target 10 pip profits.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: asq safe scalping - another powerful expert for MetaTrader 5 traders.
A scalping Expert Advisor (EA) designed to target 10 pip profits.This EA utilizes distinct Stop Loss and Take Profit levels for both buy and sell orders.
Also recommended: safe scalping ea with 6-condition breakout strategy - similar expert with strong performance on MetaTrader 5.
A key characteristic of this trading strategy is its reliance on price action, with no technical indicators used.Trading Strategy Algorithm
The EA is designed to be used on the EURUSD pair, with an initial lot size of 0.1.
Upon the formation of a new daily candle, two simultaneous trades are opened: one Buy and one Sell, each with a Take Profit set at 10 pips.
Both the Trailing Stop and the initial Stop Loss are set at 50 pips.
If either trade is closed by its Stop Loss or Take Profit, an additional position will be opened in the same direction as the remaining open trade.
Trade exits occur exclusively through the activation of either the Stop Loss or Take Profit for all trades.
You may also like: trading control panel for manual trading and scalping - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.