Introduction

Alexa Scalper V3 EA V2.2 MT4 is an automated trading system developed for the MetaTrader 4 platform, focused on short-term scalping strategies. It is designed to capture small price movements during high-liquidity market sessions by using structured entry logic and tight risk control. The system operates automatically once configured, aiming to provide disciplined execution without emotional interference.

Key Features

Scalping-Based Strategy
Targets small intraday price movements on lower timeframes such as M1 or M5.
Fully Automated Execution
Continuously scans market conditions and executes trades when predefined criteria are met.
Short-Term Momentum Logic
Identifies rapid price acceleration and micro-trend opportunities.
Tight Stop Loss and Take Profit
Uses smaller protective levels typical of scalping systems.
Spread Filter
Avoids trading during high-spread conditions to reduce transaction costs.
Session Filter
Allows trading only during selected high-liquidity sessions.
Adjustable Risk Management
Supports fixed lot size or percentage-based risk per trade.
Dynamic Trade Handling
May include breakeven and trailing stop features.
MT4 Strategy Tester Compatibility
Supports historical backtesting for performance evaluation.
VPS Compatibility
Optimized for low-latency execution on a Virtual Private Server.

Recommended Conservative Settings

For stable performance:

Risk per trade: 0.5–1% of account balance
Lot size: 0.01 per $1,000 as a conservative reference
Maximum open trades: 1
Tight stop loss with balanced risk-to-reward
Leverage: 1:100 or lower
Use low-spread broker for optimal results

Scalping systems require strict risk control due to frequent trades.

Backtest Result (General Overview)

Backtest performance depends on:

Broker spread and commission
Slippage
Timeframe selection (commonly M1 or M5)
Market liquidity
Risk configuration

In high-liquidity sessions with tight spreads, scalping systems may show steady incremental growth. During volatile or illiquid periods, drawdowns may increase. High-quality tick data testing is recommended before live deployment.

Advantages

Designed for Short-Term Opportunities
Captures frequent small price movements.
Fast Trade Turnover
Positions are typically held for short durations.
Structured Risk Management
Stop loss and take profit applied automatically.
Session Control
Can focus trading during optimal liquidity periods.
Fully Automated
No continuous manual monitoring required.

Disadvantages

Spread and Slippage Sensitive
Performance heavily depends on broker conditions.
High Trading Frequency
Commission and spread costs can impact profitability.
Market Noise Risk
Lower timeframes may generate false signals.
Requires Stable Execution
VPS and low-latency broker strongly recommended.
Not Risk-Free
Like all automated systems, losses are possible.

Installation & Setup Guide

Step 1: Download the EA file (.ex4 or .mq4).
Step 2: Open MetaTrader 4 and click File → Open Data Folder.
Step 3: Navigate to MQL4 → Experts.
Step 4: Paste the EA file into the Experts folder.
Step 5: Restart MetaTrader 4.
Step 6: Open your preferred currency pair on M1 or M5 timeframe.
Step 7: Drag the EA from Navigator → Expert Advisors onto the chart.
Step 8: Adjust input parameters according to your risk tolerance.
Step 9: Enable AutoTrading.
Step 10: Test on a demo account before live trading.

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.