Dread Scalper MT5
- Experts
- Version: 2.3
- Activations: 10
Risk Warning
IMPORTANT DISCLAIMER: “DREAD SCALPER” uses aggressive grid and martingale strategies. It can lead to significant losses for inexperienced investors.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.
Grid Trading Risks:
- Can accumulate large drawdowns in strong trends
- Requires sufficient margin to maintain positions
- Martingale strategy increases position sizes
- Not suitable for accounts with limited capital
You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Past performance is NOT indicative of future results.
- Overview
DREAD SCALPER is a sophisticated automated trading system designed for MetaTrader 4 & MetaTrader5, utilizing advanced grid trading strategies combined with intelligent lot management to capture market movements in both directions.
Key Features
Professional Dashboard
- Real-Time Monitoring: Live account balance, equity, and free margin display
- Position Tracking: Separate BUY/SELL position monitoring with profit/loss indicators
- Clean Interface: Dark-themed, fully opaque panel that doesn't obstruct chart analysis
- Dynamic Updates: Color-coded profit indicators (green for profit, red for loss)
Trading Strategy
- Bi-Directional Grid System: Opens positions in both BUY and SELL directions
- Smart Entry Points: Configurable distance between grid levels
- Adaptive Lot Sizing: Progressive lot increase using mathematical formulas
- Trend Following Option: Can follow market trends when enabled
Risk Management
- Position Limits: Maximum BUY/SELL trades protection (Default: 10 each)
- Stop Loss Protection: Configurable maximum loss limits
- Take Profit Targets: Automated profit-taking at specified levels
- Trailing Stop: Three modes - Candle-based, Fractals, or Fixed pips
Advanced Controls
- Time Filter: Trade only during specified hours
- Magic Number: Unique identifier for tracking EA orders
- Slippage Control: Protection against market volatility
- Grid Step Adjustment: Fine-tune grid density based on market conditions
How It Works
Grid Trading Mechanism
DREAD SCALPER creates a grid of pending orders around the current price:
Price Movement:
↑ SELL ← SELL ← SELL ← Current Price → BUY → BUY → BUY ↓
When price moves:
- Orders are triggered automatically
- New grid levels are created
- Profits accumulate from multiple positions
- Losses are managed through smart averaging
Lot Calculation Formula
New Lot = Initial Lot × (K_Lot)^Level + (Level × Plus Lot)
Example with defaults (Lot=0.1, K_Lot=1.5): Level 1: 0.10 lots Level 2: 0.15 lots Level 3: 0.23 lots Level 4: 0.34 lots Level 5: 0.51 lots
Configuration Guide
Essential Parameters
Trading Control
- Buy - Enable/Disable BUY orders (Default: TRUE)
- Sell - Enable/Disable SELL orders (Default: TRUE)
- FirstOrder - Allow first order placement (Default: TRUE)
- OpenTrend - Follow trend direction (Default: FALSE)
Grid Settings
- FirstStep - Distance for first order in pips (Default: 10)
- Step - Distance between grid levels in pips (Default: 30)
- MinDistance - Minimum spacing between orders (Default: 30)
- GridStep - Number of orders per grid level (Default: 5)
Lot Management
- lot - Initial lot size (Default: 0.1)
- K_Lot - Lot multiplier per level (Default: 1.5)
- PlusLot - Additional lot increment (Default: 0.0)
- DigitsLot - Decimal precision for lots (Default: 2)
Risk Parameters
- MaxLoss - Maximum allowed loss (Default: 100000)
- MaxLossCloseAll - Loss threshold to close all (Default: 10.0)
- StopProfit - Take profit target (Default: 50.0)
- StopLoss - Stop loss level (Default: 100000)
Safety Limits
- MaxBuyTrades - Maximum BUY positions (Default: 10)
- MaxSellTrades - Maximum SELL positions (Default: 10)
- EnableLimits - Activate position limits (Default: TRUE)
Trailing Stop
- TrailingStop - Mode: 0=Off, 1=Candle, 2=Fractals, >2=Pips (Default: 1)
- TrailingActivation - Profit threshold to activate (Default: 30)
- TrailingPoints - Trailing distance in pips (Default: 30)
- EveryTakeProfit - Individual order TP (Default: 10)
Time Filter
- UseTimeFilter - Enable trading hours (Default: FALSE)
- StartHour - Trading start time (Default: 8)
- EndHour - Trading end time (Default: 23)
System
- Magic - Unique EA identifier (Default: 8084)
