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WOLF SCALPER EA MT4 – Full Input Settings Analysis
Wolf Scalper EA is a fully automated scalping robot that uses a sophisticated breakout strategy to achieve high performance. It leverages advanced money management and probabilistic analysis to enhance trading efficiency. The EA places pending orders across various markets, supporting all execution types, and follows strict stop-loss protocols to safeguard every trade. Its advanced algorithm tracks positions, manages modifications, and handles exits with precision. Additionally, the EA includes filters to avoid unfavorable market conditions like large spreads and significant slippage, while avoiding reliance on ineffective methods like averaging or overoptimization.
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Main Parameters
- Order Comment: Wolf Scalper EA (only display name).
- Unique Magic Number: 12345 (identification code for trades executed by EA, to avoid conflicts with other EAs).
- Maximum Allowed Spread: 12 (EA only opens trades when spread ≤ 1.2 pip, extremely important for scalping).
- Maximum Allowed Slippage: 12 (slippage limit, 1.2 pip).
- Extremum Amplitude Depth: 10 (signal depth from price extremes, in order to identify reversals).
- Buy/Sell Stop Shift: 0 (no shift from extremum level when opening pending orders).
- Open Order Only on New Bar: true (avoids multiple entries in the same candle).
- One Cancels Other (OCO): true (if one pending order is triggered, the other one is canceled).
Money Management
- Fixed Lot or Constant Deposit Load: false (not balance-based, utilizing fixed lot).
- Fixed Lot Size: 0.1 lot per trade.
- Constant Deposit Load (%): 20% (if triggered, EA loses up to 20% margin per trade).
- Stop Loss: 200 points (20 pips).
- Take Profit: 25 points (2.5 pips, very tight target).
- Trailing Stop: 15 points (1.5 pips, retracts stop loss after trade enters profit).
Time Limits when Trading
- Order Expiration Time: 72h (auto-expire pending orders in 3 days).
- Limit Trading Time: true (limited to certain trading times).
- Trading Hours: 01:50 – 21:50 GMT (≈ 08:50 – 04:50 VN time).
- Friday Close Trades: true (auto-close all trades at weekend beginning).
- Friday Close Time (GMT): 21:50.
Highlights & Risks
- Benefits
- Aggressive scalping strategy with low profit targets.
- Spread/slippage filters ensure trades exclusively in best broker conditions.
- Friday closing and trading hours reduce exposure to illiquid sessions and weekend gaps.
- Risks
- Extremely low TP (2.5 pip) against enormous SL (20 pip) → bad Risk/Reward (1:8).
- Requires ultra-low spreads and extremely fast execution to function.
- High possibility of being stopped out by news or spread widening.
- Fixed 0.1 lot size is too aggressive for small accounts.