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Expert: Forex Scalp EA.mq4 (Unlocked – Source Code), UserGuide: ForexScalpEAManual.
Monitoring: https://www.myfxbook.com/members/ForexScalpEA/forexscalpeacom/2498853
🧠 Forex Scalp EA – Key Features
Platform: MetaTrader 4 (MT4)
Strategy: Scalping (not dependent on indicators)
Trade Style: Quick entries and exits to capture small price movements
⚙️ Core Functionalities
No Indicators Required: Relies on real-time price data instead of traditional technical indicators.
Smart Entry & Exit: Scans all price data to find the best entry and exit points automatically.
Dynamic Order Management:
Uses a fixed stop loss and take profit
Includes dynamic closure logic to minimize losses early
Optimizes profit capture during favorable market conditions
💸 Risk & Money Management
Automatic Lot Sizing based on risk settings (supports compound growth)
Option for Fixed Lot Size
No Hedging required
FIFO Compliant (suitable for U.S. brokers)
Leverage Requirement: Works with leverage > 1:20
No Minimum Deposit: Can start with any account size
📊 Best Performing Pairs
While it can trade all Forex pairs, the best performance is observed with:
EUR/USD
GBP/USD
USD/CHF
EUR/GBP
EUR/AUD
AUD/CAD
Uses the same scalping strategy across all pairs.
✅ Conclusion
Forex Scalp EA is ideal for traders looking for a set-it-and-forget-it scalping solution that doesn’t rely on indicators. It is compatible with regulated brokers, supports low leverage environments, and prioritizes trade efficiency and capital preservation.
