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M4SCALP EA MT4 – Full Input Settings Analysis
M4Scalp EA is a trading robot for MetaTrader 4 (MT4) that employs short-term scalping strategies to realize quick profits. It is an inexpensive tool for novice and professional traders who must optimize their trading activities without performing it on their own.
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Basic configuration & authentication information
- Private Key – INSERT KEY
→ One requires a license key to activate the EA. Without it, the EA will not perform the way it should. - Magic Number – 999999
→ Unique number for all trades that are initiated by this EA. It serves to distinguish them from manual trades or trades initiated by other EAs.
Lots Size Management
- Lots Type – AutoLots
→ Lot size for trading will be automatically computed by the EA with account balance or equity. - Lots Fixed – 0.02
→ In case of being switched to Fixed Lot mode, the EA will use a manual lot size of 0.02 per trade.
Trailing Stop
- Trailing Stop Point – 21 points
→ Once a trade wins more than 21 points (that is, 2.1 pips), the EA will start moving the Stop Loss to follow the price and lock profits.
Key Takeaways
- High-Frequency Scalping Strategy: Passes along the high-speed entry of fast market action, ideal for the majority of small, low-risk, high-frequency trades.
- Dynamic Auto Lot Sizing: Scales trades by balance or equity, ideal for any-sized account.
- Smart Trailing Stop Mechanism: Guards gains as trades continue moving in the correct direction, fully customizable trigger levels.