Silver Scalper EA
- Experts
- Version: 1.18
- Updated: 15 June 2026
- Activations: 5
Silver Scalper EA — v1.18 (Complete Rebuild)
📋 CHANGELOG
Major updates in this version
- Completely rebuilt code base: removed the ATR-based lot sizing (a source of instability on XAGUSD), replaced with a fixed lot (0.01). Eliminates the abnormal drawdown spikes seen in previous versions during high-volatility periods.
- Configurable "Candle Vision" entry logic: analyzes the closed M5 candle using 5 criteria (color, close position within the range, wick ratio, structure breakout, momentum vs previous candle). An entry is only triggered when the score reaches the minimum threshold (default 3/5) in a dominant direction.
- Real dollar-based trade management: TP, SL, Lock (profit protection) and Trailing Stop are expressed directly in dollar value ($), automatically converted to points based on the symbol's tick value.
- New: London/NY session filter (toggleable): restricts entries to 9:00-17:00 (London) and 13:00-21:00 (New York, server time). Reduces trade volume by ~45% while improving signal quality.
- Single trade at a time: no position stacking, strict money management.
Recommended default parameters
| Parameter | Value | Description |
|---|---|---|
| LotSize | 0.01 | Fixed lot size |
| TP_Dollars | 2.00 | Take Profit in dollars |
| SL_Dollars | 3.50 | Stop Loss in dollars |
| Lock_Dollars | 0.25 | Profit lock activation threshold |
| Trail_Dollars | 0.25 | Trailing stop activation threshold |
| ScoreMin | 3 | Minimum score out of 5 to enter a trade |
| UseSessionFilter | true | London/NY session filter enabled |
| London_StartHour / EndHour | 9 / 17 | London session window (server time) |
| NY_StartHour / EndHour | 13 / 21 | New York session window (server time) |
Backtest results (6 months, XAGUSD M5, ICMarkets, spread 2, $10,000 deposit)
| Configuration | Net Profit | Profit Factor | Drawdown | Winrate | Trades |
|---|---|---|---|---|---|
| Without session filter | $1,687.88 | 1.32 | 0.47% | ~90% | 14,653 |
| With London/NY filter (default) | $1,169.82 | 1.44 | 0.32% | 90.7% | 8,053 |
- Maximum consecutive losses: 5 (-$17.85)
- Largest single loss: -$3.57
📝 PRODUCT DESCRIPTION (v1.18 update)
Silver Scalper EA is a scalping Expert Advisor designed specifically for XAGUSD (Silver) on the M5 timeframe. This v1.18 release is a complete rebuild of the trading engine, fixing the position-sizing instabilities of earlier versions and introducing an optional session filter to improve entry quality.
Key features:
- Closed-candle analysis for reliable signal confirmation (no false signals from intra-candle fluctuations)
- 5-criteria confluence score (color, close position, wicks, breakout, momentum)
- Dollar-based risk management: fully configurable TP, SL, Lock and Trailing Stop
- Fixed lot size for predictable, stable risk exposure
- Optional London/NY session filter to focus trading on the most liquid hours
- Single trade at a time for strict risk control
Recommendations:
- Timeframe: M5
- Symbol: XAGUSD
- Recommended broker: ICMarkets or any broker with tight Silver spreads (tested at spread 2)
- Demo testing recommended before live deployment
Disclaimer: Past performance does not guarantee future results. Always test on demo before live deployment and adjust risk parameters (SL/TP/Lock/Trail) according to your account size.
