ScalperXIV EA V1.0 MT4

Introduction

ScalperXIV EA V1.0 for MetaTrader 4 is an automated trading system designed to perform high-frequency scalping on lower timeframes. It focuses on capturing small price movements using algorithm-based decision-making, allowing traders to execute trades without manual intervention. The system is built to operate continuously, applying predefined rules for entry, exit, and risk management.

Key Features

• Fully automated trade execution
• Scalping strategy optimized for M1 and M5 timeframes
• Multi-indicator confirmation for entry signals
• Built-in stop-loss and take-profit system
• Adjustable lot size and risk percentage
• Spread and volatility filtering
• Trailing stop for profit protection
• Optional news filter to avoid high-impact events
• Backtesting compatibility in MT4
• Time-based trading control

Recommended Settings

Conservative Setup

• Risk per trade: 1%
• Timeframe: M5
• Currency pairs: EUR/USD, GBP/USD
• Low lot size
• News filter: Enabled

Balanced Setup

• Risk per trade: 2–3%
• Timeframe: M1 or M5
• Moderate lot size
• News filter: Enabled
• Default stop-loss and take-profit

Aggressive Setup

• Risk per trade: 5% or higher
• Timeframe: M1
• Higher lot size
• News filter: Optional
• Suitable only for high-risk tolerance

Backtest Result

• Shows consistent small profits over time in stable conditions
• High win rate due to small take-profit targets
• Drawdowns occur during:
  • High volatility spikes
  • Sideways or choppy markets
• Results depend heavily on:
  • Broker spread
  • Execution speed
  • Data quality used in testing

Note: Backtest results may differ significantly from live trading due to slippage and real market conditions.

Advantages

• Saves time through automation
• Removes emotional trading decisions
• Fast execution suitable for scalping
• Customizable risk management
• Beginner-friendly setup
• Works on multiple currency pairs
• Can run continuously without supervision

Disadvantages

• Highly dependent on broker conditions
• Performance varies with market conditions
• No guaranteed profits
• Requires stable internet or VPS
• High trading frequency increases costs
• Backtest results may not match live performance
• Sensitive to major news events

Installation & Setup Guide

1. Download the EA file (.ex4 or .mq4)
2. Open MT4 and go to File → Open Data Folder
3. Place the file in MQL4 → Experts
4. Restart MT4 platform
5. Drag and drop the EA onto a chart
6. Enable AutoTrading
7. Adjust input settings (risk, lot size, SL/TP)
8. Ensure live trading is allowed
9. Test on demo account before going live.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer: 

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.