True Scalper Profit Lock EA
Info
The True Scalper Profit Lock EA is a Expert Advisor for MetaTrader 5 that this expert advisor utilizes two ima indicators (moving averages) with fixed periods of 3 and 7, and an irsi indicator (relative strength index) with a period of 2. Testing was conducted on the EURUSD H1 timeframe from January 10, 2016, to January 11, 2017, with an initial deposit of 10000.
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 True Scalper Profit Lock 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
This Expert Advisor utilizes two IMA indicators (Moving Averages) with fixed periods of 3 and 7, and an IRSI indicator (Relative Strength Index) with a period of 2.
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: Supertrend Scalper with Breakeven Win Rate Panel - another powerful expert for MetaTrader 5 traders.
This Expert Advisor utilizes two IMA indicators (Moving Averages) with fixed periods of 3 and 7, and an IRSI indicator (Relative Strength Index) with a period of 2.Also recommended: Tick Scalper Helper: Tick Chart and One-Click Trading Panel for MT5 - similar expert with strong performance on MetaTrader 5.
Testing was conducted on the EURUSD H1 timeframe from January 10, 2016, to January 11, 2017, with an initial deposit of 10000.
No functional variant could be identified. The Expert Advisor resulted in total losses across all tested parameters.
This report was last updated in 2026.
You may also like: EMA Cross Scalper for XAUUSD (M15) with WIB Session Filter - excellent alternative for expert users on MetaTrader 5.
Source Code
/.......
⚠ 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.