Introduction

GhostScalper EA V9.0 is an automated forex trading tool for the MetaTrader 4 platform, designed primarily for scalping strategies. It aims to capture small, frequent price movements in the market, executing trades automatically based on technical indicators and price action patterns. The EA is suitable for both beginners and experienced traders looking for a time-efficient way to trade while minimizing emotional bias.

Key Features

Automated scalping strategy for short-term trades.
Uses technical indicators like EMA, RSI, and proprietary algorithms for entry and exit points.
Customizable trading parameters including lot size, stop-loss, take-profit, and trading hours.
Built-in risk management: daily drawdown limits, maximum risk per trade.
Optional news filter to avoid high-volatility events.
Compatible with most MT4 brokers offering low spreads.
Can be run on VPS for uninterrupted 24/7 trading.
Backtesting capability to evaluate performance on historical data.

Recommended Settings

Timeframe: M1, M5, or M15 charts.
Currency Pairs: EUR/USD, GBP/USD, USD/JPY.
Lot Size: Adjust based on account balance; use small lots for testing.
Stop-Loss/Take-Profit: Configurable; suggested moderate values for initial use.
Risk per Trade: 1–3% of account balance.
Trading Hours: Active during London/New York sessions for best spreads.
News Filter: Enabled to avoid trading during major economic events.

Backtest Result

Pair: EUR/USD, Timeframe: M5
Period: Last 6 months
Profit Factor: ~1.8
Maximum Drawdown: ~12%
Total Trades: 450
Win Rate: ~68%

Advantages

Automates trading and removes emotional decisions.
Consistent execution of scalping strategy.
Time-saving: trades continuously without manual monitoring.
Built-in risk management tools protect account capital.
Beginner-friendly setup with customizable parameters.
Can operate on VPS for uninterrupted performance.

Disadvantages

Sensitive to broker spreads and slippage.
High-frequency trades can result in drawdowns if market conditions change.
Requires monitoring and occasional parameter adjustments.
Over-optimization risk: past performance may not guarantee future results.
Less effective during extreme market volatility.

Installation & Setup Guide

Download the EA file (.ex4 or .mq4) from a trusted source.
Open MT4, go to File → Open Data Folder → MQL4 → Experts.
Copy the EA file into the Experts folder.
Restart MT4 or refresh the Navigator panel.
Open a chart for your preferred currency pair.
Drag and drop the EA onto the chart.
Configure settings: lot size, stop-loss, take-profit, risk per trade, trading hours.
Enable AutoTrading and allow live trading in EA settings.
Start with a demo account to monitor performance before using a live account.

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.