scalp wiz 9001
Info
The scalp wiz 9001 is a Expert Advisor for MetaTrader 5 that idea by:code mq5 by:the ea works on hedge accounts only. in the ea, classes , , , , , and were used.
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 scalp wiz 9001
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
idea by:code mq5 by:the ea works on hedge accounts only.
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: Gold Scalp Bot - Autonomous XAUUSD Scalper with Local App Bridge - another powerful expert for MetaTrader 5 traders.
Also recommended: asq safe scalping - similar expert with strong performance on MetaTrader 5.
idea by:code mq5 by:
the ea works on hedge accounts only!
in the ea, classes , , , , , and were used.
four levels, i.e., the spaces for placing pending orders, can be specified in input parameters. the sizes of the spaces follows the logic below:
level #0
<
level #1
<
level #2
<
level #3
the ea permanently monitors the situation, i.e., it works on each tick, as soon as the price breaks through one of the lines of indicator ibands (bollinger bands, bb) at the distance of
level #3
. as soon as such breakthrough is found, pending orders will be placed. in the picture below, you can see a sample situation where the breakthrough of the upper line is found: four sell stop orders were placed
accordingly, as soon as the lower line is broken through, pending buy stop orders will be placed.
for each pending order,
pending stop orders expiration time
(in minutes) is set. you can specify both permanent and dynamic (in risk percents) lot sizes. lot type is specified in
money management
.
parameters, such as
stop loss
,
take profit
, and
trailing stop
, can be disabled. to do so, you just have to assign the value of 0.0 to the parameter.
a sample start on eurusd,h1
and on usdjpy,h1
You may also like: mtf price action scalper ea - 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.