ADVANCED SCALPER EA MT4 – Full Input Settings Analysis

Advanced Scalper EA is a MetaTrader 4 Expert Advisor with sophisticated exit algorithms, as well as built-in spread filtering and slippage control capabilities. The Expert Advisor is simple to customize to accommodate the specific needs and tastes of traders. It employs a High/Low breakout system for generating entry signals and also an exit strategy that can be applied in both manual trades and trades by other Expert Advisors.

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Filters and slides

• SpreadFilter: true → Turns on spread filter
• MaxSpread: 3.0 → Maximal spread allowed is 3 pips
• DistForSpreadFilter: 2 → Distance to use when calculating the spread filter
• MaxSlippage: 100.0 → Maximal slippage allowed (very high – use with caution)
• SlippageControlMode: Use Slippage Trailing SL mode → Stop trailing is used upon occurrence of slippage
• Slip_TL_Start: 4.0 → At which point trailing begins after slippage
• Slip_TL_Size: 1.0 → Trailing stop size in slippage mode
• Slip_TL_Stop: 3.0 → Trailing stop minimum level
• Use Original OP instead of market OP after slippage: true → Uses original order price rather than the market price after slippage

Exit command management settings

• Exit Management
  Exit_stop: 22.0, Exit_limit: 50.0 → Closes trades at stop loss of 22 pips and take profit of 50 pips.
• Trailing Stop
  Exit_TrailSL_Start: 2.0, Stop: 100.0, Step: 0.4 → Trailing begins after 2 pips, stop at 100 pips and 0.4 pip trailing step.
• Break-even
  Exit_BE_start: 1.8, Exit_BE_extra_pips: 0.8 → Break-even at 1.8 pips profit, SL moved to entry + 0.8 pips.
• HIGH/LOW Trailing Stop
  Disabled (Use only until break-even: false, set all candle count values to 0).
• Time-based Recovery Trailing Stop
  Disabled (Exit_TrailSL_after_X_Minutes: 0.0)

Lot Size and Trading Hours

• Lot Size Settings
  • StartLots: 0.01, MaxLots: 99.0 → 0.01 is the starting lot size, capped at 99 lots.
  • Risk: Lots per balance → Balance in account is employed to control lot size.
  • LotPerBalance_step: 30 → Increments lot size by 0.01 for every 30 units of balance.
  • LotsAdjustMinChangePercent: 5.0 → Minimum 5% change in balance to adjust lot size.
• Trading Hours
  • UseTradingTimeZones: false → No use of time zones.
  • Sunday_Begin to Friday_End: 0–24 → Trading is open 24 hours a day, 5 days a week (24/5).

Key Takeaways

• Customization and Optimization: Advanced Scalper EA is a highly customizable MetaTrader 4 Expert Advisor, designed for trading EURUSD and USDJPY currency pairs on H1 or H4 time frames. It incorporates advanced exit algorithms, spread-filter, and slippage-control functionality to optimize trading performance and minimize losses.
• Recommended Usage: To best perform, it is recommended that a minimum deposit of $150 be used. Choose a broker with low commissions and spreads and fast execution.
• Other Issues: For maximum effectiveness, a VPS (Virtual Private Server) should be used for smooth and continuous trading operations.

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