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

Download the EA file in .ex5 format.
Open the MetaTrader 5 platform.
Click File and select Open Data Folder.
Navigate to MQL5 and then open the Experts folder.
Copy the EA file into the Experts folder.
Restart the MetaTrader 5 platform.
Enable AutoTrading in the MT5 toolbar.
Open the recommended currency pair and timeframe chart.
Drag the EA from the Navigator panel onto the chart.
Adjust the input settings such as lot size, stop loss, take profit, and risk level.
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.