Scalper cash maker EA V2.0 MT5

Introduction

Scalper Cash Maker EA V2.0 MT5 is an automated trading system designed for the MetaTrader 5 platform. It focuses on capturing small price movements in the forex market using a scalping-based strategy. The EA continuously analyzes market conditions and executes trades automatically when its predefined rules are met. By automating the trading process, it helps traders reduce emotional decisions, improve execution speed, and maintain a consistent trading approach.

Key Features

• Fully automated trading system for MetaTrader 5
• Designed to capture short-term scalping opportunities
• Automatic buy and sell order execution
• Customizable risk management settings such as lot size, stop loss, and take profit
• Built-in filters to avoid unfavorable market conditions
• Continuous market monitoring during trading sessions
• Automatic trade management after positions are opened
• Compatible with VPS for uninterrupted trading
• Supports backtesting through the MT5 Strategy Tester

Recommended Settings

Recommended settings may vary depending on broker conditions and account size, but common starting parameters include:

• Platform: MetaTrader 5
• Version: V2.0
• Timeframe: M1 or M5 for scalping strategies
• Currency pairs: Major pairs such as EURUSD or GBPUSD
• Minimum deposit: $100 – $500 recommended
• Lot size: 0.01 for small accounts or adjusted based on risk tolerance
• Risk level: Low to medium for stable performance
• VPS hosting: Recommended for continuous operation

Traders should adjust these settings according to their account balance and trading preferences.

Backtest Result

Backtest results can be analyzed using the MetaTrader 5 Strategy Tester. When tested on historical data, the EA may show frequent trade activity due to its scalping approach.

Typical observations from backtesting may include:

• High number of short-term trades
• Small profit targets per trade
• Controlled drawdown with conservative risk settings
• Better performance during periods of stable volatility

Actual performance may vary depending on broker spreads, execution speed, and selected parameters. Forward testing on a demo account is recommended before using it on a live account.

Advantages

• Automates market analysis and trade execution
• Suitable for short-term scalping strategies
• Faster trade execution compared to manual trading
• Reduces emotional trading decisions
• Helps maintain consistent trading discipline
• Saves time by reducing the need for constant chart monitoring
• Flexible risk management settings

Disadvantages

• Performance may depend heavily on market volatility and liquidity
• Scalping strategies are sensitive to spread and broker execution speed
• Requires stable internet connection or VPS for continuous trading
• Backtest results may not perfectly reflect live market conditions
• Automated systems still require periodic monitoring

Installation & Setup Guide

1. Download the EA file in .ex5 format.

2. Open the MetaTrader 5 platform.

3. Click File and select Open Data Folder.

4. Navigate to MQL5 and then open the Experts folder.

5. Copy the EA file into the Experts folder.

6. Restart the MetaTrader 5 platform.

7. Enable AutoTrading in the MT5 toolbar.

8. Open the recommended currency pair and timeframe chart.

9. Drag the EA from the Navigator panel onto the chart.

10. Adjust the input settings such as lot size, stop loss, take profit, and risk level.

11. Click OK to activate the EA and allow it to start monitoring the market automatically.

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.