Morn Scalp

Morn Scalp - BB+RSI Mean Reversion Scalping EA

Morn Scalp is a fully automated Expert Advisor that combines Bollinger Bands (20, 2.0) and RSI (14) for mean reversion scalping during the Tokyo-London session (server time 21:00-04:00).

Key Features

  • BB + RSI reversal signals for high-accuracy entries
  • Middle band exit with trailing stop to maximize profits
  • Built-in news filter to avoid trading during high-impact events
  • Spread filter to prevent trading in unfavorable conditions
  • Dynamic lot sizing based on account balance risk percentage

Backtest Results (EURJPY M5, 2020-2024)

  • Annual Return: +32.9%
  • Win Rate: 77.7%
  • Profit Factor: 1.92
  • Max Drawdown: 3.9%

Recommended Settings

  • Currency Pair: EURJPY
  • Timeframe: M5
  • Minimum Deposit: $500
  • Recommended Broker: ECN / Low Spread

Input Parameters

  • BB_Period (20) - Bollinger Bands period
  • BB_Deviation (2.0) - Standard deviation
  • RSI_Period (14) - RSI period
  • RSI_OB (70) / RSI_OS (30) - Overbought/Oversold levels
  • StopLoss (30) / TakeProfit (20) - SL/TP in pips
  • TrailingStop (15) / TrailingStep (5) - Trailing settings
  • RiskPercent (1.0) - Risk percentage per trade
  • MaxSpread (3.0) - Maximum allowed spread
  • UseNewsFilter (true) - Enable news filter
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