Description
<h3>Introduction</h3>
<p>Mon Scalper EA V1.0 MT4 is an automated trading system designed for the MetaTrader 4 platform. It is built as a short-term scalping solution aimed at capturing small and rapid price movements in the Forex market. The EA focuses on fast execution, tight risk management, and consistent trade entries while minimizing emotional trading decisions through automation.</p>
<h3>Key Features</h3>
<ul>
<li>Fully automated scalping strategy</li>
<li>Optimized for lower timeframes such as M1 or M5</li>
<li>Fast trade execution logic</li>
<li>Tight stop-loss and take-profit settings</li>
<li>Adjustable lot sizing (fixed or percentage-based)</li>
<li>Spread filtering mechanism</li>
<li>Equity and drawdown protection options</li>
<li>Multi-pair compatibility (if configured)</li>
<li>VPS-compatible for stable 24/5 operation</li>
<li>Customizable input parameters</li>
</ul>
<h3>Recommended Settings</h3>
<p>Recommended configuration may vary depending on broker conditions and account size, but general guidelines include:</p>
<ul>
<li>Timeframe: M1 or M5</li>
<li>Preferred Pairs: Major pairs with low spreads (EURUSD, GBPUSD, USDJPY)</li>
<li>Risk Per Trade: 0.5%–1.5% for conservative scalping</li>
<li>Lot Mode: Auto lot based on risk percentage</li>
<li>Max Spread: Use a low-spread ECN broker</li>
<li>VPS: Strongly recommended for low-latency execution</li>
</ul>
<p>Always forward test on a demo account before going live.</p>
<h3>Backtest Result</h3>
<p>Backtesting may typically indicate:</p>
<ul>
<li>High trade frequency during active market sessions</li>
<li>Better performance in high-liquidity environments</li>
<li>Moderate drawdown under conservative risk settings</li>
<li>Sensitivity to spread and slippage</li>
<li>Reduced efficiency during low-volatility periods</li>
</ul>
<p>Live performance depends heavily on broker execution quality and market conditions.</p>
<h3>Advantages</h3>
<ul>
<li>Designed for short-term trading opportunities</li>
<li>Fully automated execution</li>
<li>Reduces emotional trading errors</li>
<li>Tight and structured risk management</li>
<li>Adjustable settings for flexibility</li>
<li>Suitable for active traders</li>
<li>Time-efficient for traders with limited availability</li>
</ul>
<h3>Disadvantages</h3>
<ul>
<li>Highly dependent on spread and execution speed</li>
<li>Requires low-latency VPS for best performance</li>
<li>Frequent trading increases transaction costs</li>
<li>May struggle in ranging or low-volatility markets</li>
<li>Requires monitoring despite automation</li>
<li>No guaranteed profitability</li>
</ul>
<h3>Installation & Setup Guide</h3>
<ol>
<li>
<p>Download the Mon Scalper EA V1.0 file (.ex4 or .mq4).</p>
</li>
<li>
<p>Open MetaTrader 4.</p>
</li>
<li>
<p>Click File → Open Data Folder.</p>
</li>
<li>
<p>Open the MQL4 folder and then the Experts folder.</p>
</li>
<li>
<p>Paste the EA file into the Experts folder.</p>
</li>
<li>
<p>Restart MT4.</p>
</li>
<li>
<p>Enable AutoTrading from the toolbar.</p>
</li>
<li>
<p>Open your preferred currency pair and set the recommended timeframe.</p>
</li>
<li>
<p>Drag the EA from the Navigator panel onto the chart.</p>
</li>
<li>
<p>Adjust input settings according to your risk preference and click OK.</p>
</li>
</ol>
<h3><strong>Support & Disclaimer</strong></h3>
<h4><strong>Support</strong></h4>
<p>If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:</p>
<p><strong>WhatsApp: </strong><a href="https://wa.me/+443300272265" target="_new"><strong>Click here</strong></a><strong></strong></p>
<p><strong>Telegram Group: </strong><a href="https://t.me/yoforexrobot" target="_new"><strong>Join our community</strong></a><strong></strong></p>
<h4><strong>Disclaimer: </strong></h4>
<p>Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.</p>
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