• Overview
  • Reviews (6)
  • Comments (17)
  • What's new

AlgoScalpPro MT5

5

The MT4 version of the expert Advisor is here - https://www.mql5.com/en/market/product/38643

Advanced scalper expert Advisor with loss recovery system. The EA has been tested from 2010 to the present day in various market conditions/periods (testing at an earlier period does not make sense, because spreads were very large and the market was very volatile). 

The results are close to real deals.

  • Always use stop loss
  • Martingale/ grid / hedging is not used, etc. (the recovery function uses lot increase 1 time)
  • Complies with FIFO rules
To test, you need a history of 500 bars

Recommended pair EURUSD. Timeframe H1.

Monitoring of real trading Advisor https://www.mql5.com/en/signals/author/bebikovi

Recommendations for risk (maximum) (recovery mode):

  • 1:500  -  Risk = 25;
  • 1:200  -  Risk = 10;
  • 1:100  -  Risk = 5;
  • 1:50   -  Risk = 2.5;
  • 1:30   -  Risk = 1.5;

Recommended - ECN/STP Broker with minimum stop Loss level 0-1 pips/spread 0-5 pips (5 digits) /VPS server.

Parameters

  • Magic Number - transaction ID;
  • Show Info Panel - show information panel.
  • EA Comment - comment to trades.
  • Risk (or "Lots">0 and "Risk"==0 or "Lots"==0 and "Risk">0) - lot size based on maximum risk per trade;
  • Lots (or "Lots">0 and "Risk"==0 or "Lots"==0 and "Risk">0) - fixed lot size;
  • Take Profit (in pips) - take-profit;
  • Stop Loss (in pips) - stop-loss;
  • Max Spread (in pips)  – control of the current maximum spread;
  • Buy Pending Shift (in pips) - shift to place a buy order;
  • Sell Pending Shift (in pips) - shift to place a sell order;
  • Winter GMT Offset - server winter time zone;
  • EA Start Hour - the hour to start work;
  • EA End Hour - end hour of work;
  • Friday End Time - time of finishing work on Friday;
  • Friday Start Time - time start work on Friday;
  • Minimal Profit for TrailingStop (in pips) - number of points required to start a trailing stop;
  • Trailing Stop (in pips) - the size of the trailing stop;
  • Trailing Step (in pips) - the step of the trailing stop;
  • Recovery mode (On/Off) – drawdown recovery function (on/off);
  • Multiple start recovery (trailing) – coefficient for trailing for recovery function;
  • Multiple lot for recovery mode – lot calculation factor for recovery function;
  • Loss point for activate Recovery - the size of the loss in points to activate Recovery mode;
  • Activate Recovery Force - forced activation of recovery mode.


Reviews 6
Bobomechanic
124
Bobomechanic 2023.12.26 06:06 
 

I've been using this EA for approximately six months, and I must say it performs admirably. The live results align consistently with the backtests, validating its effectiveness.

oto moto
310
oto moto 2023.04.11 19:12 
 

Works good. Resistant to all kinds of important news and falling liquidity in the market.

The main thing is to find a broker that does not interfere with scalping

Tobias James Pincock
2007
Tobias James Pincock 2021.08.20 05:06 
 

excellent EA, i purchased because ATS was performing well and this one performed even better. again excellent support from the author

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Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance? The most likely answer is   Over-fitting . Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model. Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool
News Catcher Pro MT5
Valeriia Mishchenko
4.75 (16)
News Catcher Pro is a mean-reversion strategy that uses intraday seasonal volatility patterns caused by high-impact news events. It enters the market at a certain time shortly before a high-impact news event occurs . It does not trade frequently! Supported currency pairs: GBPUSD, EURUSD, EURGBP Recommended timeframe: M5 MT4 version can be found here EA is   FIFO compatible To backtest the EA you should download the news events data file ' NewsEvents.txt ' and copy it to the common MT4/5 dir
Dark Algo MT5
Marco Solito
4.9 (40)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Money Mind BTC
Antonio Simon Del Vecchio
4.75 (20)
There are only 3 copies left at $400 Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Setfiles and more   here Money Mind BTC is a Bitcoin trading robot that combines three essential elements: Price Action, money management, and a customized indicator perfected over the years. Our algorithm constantly analyzes the market, makes buying or selling decisions based on conditions, and adjusts positions according to the ever-changing market dynamics. In Money Mind BTC, you ca
Way To Stars is a night scalping EA specifically designed to trade during periods of low market volatility to capitalize on low-risk opportunities. This night scalping EA focuses on capturing small price movements for frequent trading, thereby accumulating profits over time. It employs strict stop-loss measures to limit potential losses per trade, ensuring effective risk management. Way To Stars is a genuine and honest trading system that does not rely on purported neural networks, artificial i
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AlgoTradingNightEA
Ivan Bebikov
4.44 (9)
Monitoring of real trading Advisor -  click here The MT4 version of the expert Advisor is here - https://www.mql5.com/en/market/product/86753 Keep in mind that the results on different brokers will be different, before using it, I recommend testing on your broker, also keep in mind that the results on MT4 / MT5 may also differ. Read the   blog post   with the description of the adviser before starting work and if you have any additional questions, write to me in the PM. If at your broker Symbol
Monitoring of real trading Advisor -  click here The MT5 version of the expert Advisor is here -   https://www.mql5.com/en/market/product/84219 Keep in mind that the results on different brokers will be different, before using it, I recommend testing on your broker, also keep in mind that the results on MT4 / MT5 may also differ. Read the blog post with the description of the adviser before starting work and if you have any additional questions, write to me in the PM. If at your broker Symbol N
AlgoScalpPro
Ivan Bebikov
3.67 (6)
The MT5 version of the expert Advisor is here -  https://www.mql5.com/en/market/product/58842 Monitoring of real trading Advisor -  https://www.mql5.com/en/signals/author/bebikovi Advanced scalper expert Advisor with loss recovery system. The EA has been tested from 2010 to the present day in various market conditions/periods (testing at an earlier period does not make sense, because spreads were very large and the market was very volatile). Using professional software, with simulation of real
My other products are here - https://www.mql5.com/en/users/bebikovi/seller Monitoring will be added later, after statistics are accumulated Important! The EA is optimized for the GBPUSD currency pair, period M30.  The advisor requires a broker with low spreads (ecn/stp/raw, etc.) The trading system is based on the ZigZag extreme breakout strategy, a number of filters based on MA/RSI/ATR are used to minimize risks.  The EA can be used both in aggressive mode, with high risks (Risk = 30-70, but t
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Bobomechanic
124
Bobomechanic 2023.12.26 06:06 
 

I've been using this EA for approximately six months, and I must say it performs admirably. The live results align consistently with the backtests, validating its effectiveness.

oto moto
310
oto moto 2023.04.11 19:12 
 

Works good. Resistant to all kinds of important news and falling liquidity in the market.

The main thing is to find a broker that does not interfere with scalping

Tobias James Pincock
2007
Tobias James Pincock 2021.08.20 05:06 
 

excellent EA, i purchased because ATS was performing well and this one performed even better. again excellent support from the author

JCJ
601
JCJ 2021.08.19 03:12 
 

100% real ticks back testing from 1 January 2020 to 14 August 2021 matching live results so far on EURUSD and AUDUSD with my broker. Very good and profitable breakout EA, working well.

Aleks S
683
Aleks S 2021.08.03 12:27 
 

After buying ATS EA from the same author and using it for months , i wanted to add AlgoScalp Pro to my portfolio because i had a good opionion on this Author.. After 4 days i just see that it's a copycat of of ATS .. Both EA's place the exact same signals all the time .. The author says it's going to behave differntly but until proof of it I can only say that i have been ripped off and no refund because i somehow activated it once.. I wonder how i could see it before as it can't be tested on a realtime demo account ! The dog eating it's tail ! Update of 4/08/21 : ASP Placed independent trades for the first time after a week of use and the worked well so back to 3 stars, Need to see more of those and i will revise this review

Update of 22/08 : Algoscalp places trades most of the time before ATS , and the EA by itself is working well , like ATS this EA has a great Win rate and closes trades quickly .. as it operates only during the breakouts

Eduard Mushkatin
1853
Eduard Mushkatin 2021.03.17 21:26 
 

Good EA.

Reply to review
Version 2.6 2024.01.29
Added a MA Filter (made on request, I don't use it).
It is not necessary to update it.
Version 2.5 2023.02.03
an additional filter for Auto Min Profit (trailing stop) has been added, in the future it still needs upgrade (can be disabled in the settings).
Version 2.3 2022.11.30
Fixed an error when running the Expert Advisor on MQL VPS

Added additional settings for calculating the lot.
Version 2.1 2022.09.29
Added additional input parameters
- Distance calculation by Ask_Bid / by High_Low - calculation of the distance to the settlement level by prices (Ask_Bid / by High_Low)
- Split to "X" orders - split the order into several smaller orders (I do not recommend set more than 4)
Version 2.0 2022.05.22
Added additional filters to support transactions.
Changed the default input parameters.