Market / MetaTrader 5 / Experts /

First Scalper MT5

200 USD

Demo downloaded: 1 006

Published: 10 March 2021

Current version: 1.6

First Scalper MT5

Experts
Kyra Nickaline Watson-gordon
Version: 1.6
Updated: 17 January 2023
Activations: 10

First Scalper is an Expert Advisor based on Scalping, Using the best and safest scalping EA on market. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA doesn't need any professional information or Forex Trading Knowledge.
First Scalper can trade on all symbols and all time frames, using a special and unique strategy developed by the author.

Using EA :

General Options

Trade Type : Long/Short/Both
Stop Trading : if true, EA doesn't open a new position. Only manage already opened.
Maximum Spread to Open Position : Spread to stop trading
Magic Number : Any constant ID.
Show Panel On Chart : Shows report of positions on chart with the option of manual closing them.

Closing Positions

Action for in-Loss Positions : Wait for TP,Stop Loss, One Step Averaging, Two Step Averaging
Take Profit Mode : Manual, Automatic
Take Profit : TakeProfit in Points
Stop Loss : StopLoss in Points. Only act if the StopLoss option is selected above.
1st Step Averaging Distance : Distance in Points to insert averaging position. Only acts if the Averaging option selected above.
1st Step Averaging Volume Multiplier : Volume multiplier if averaging selecting above.
1st Step Averaging Take Profit : TP1 if averaging selecting above.
2nd Step Averaging Distance : Distance in Points to insert averaging position. Only acts if the Averaging option selected above.
2nd Step Averaging Volume Multiplier : Volume multiplier if averaging selecting above.
2nd Step Averaging Take Profit : TP2 if averaging selecting above.

Volume Settings

Volume Calculation Method : Fixed, Dynamic Lots or Risk Percent based on Balance/Equity/Free Margin
Fixed Lots : Volume of trading
Lots Per 1000 : Volume per 1000 Balance/Equity/Free Margin
Risk Percentage
Maximum Volume Per Trade
Minimum Volume Per Trade

Trailing/Break Even

Trailing Stop Loss : Enable/Disable Trailing Stop
Trailing Start : Trailing Start Distance in Points.
Trailing Stop : Trailing Stop Loss Distance in Points.
Trailing Step : Distance to apply Trailing Stop Loss in Points.
Break Even : Enable/Disable Break Even
Activate Break Even After Loss : Distance to apply Break Even in Points

Day and Time Filters

There are options to stop trading on specific days and hours

News Filter Inputs

Block Trading During Low Impact News

Minutes Before/After Low Impact News

Block Trading During Medium Impact News

Minutes Before/After Medium Impact News

Block Trading During High Impact News

Minutes Before/After High Impact News

Notifications

Options to send notifications on mobile terminals or show pop up alerts or send Telegram messages. (How to Setup Telegram Notifications)

Optimizing EA :

(important)Optimize EA for the last 6 month before using, and update optimization every 1-2 month.
There is no any parameter to optimize EA signal engine. The only parameters are user money management inputs.
Optimization of EA is so fast and easy.

We recommend these Optimization inputs :

Load all Default Values
Test with Every Tick Based on Real Ticks
1st Step Averaging Distance : 200 to 500 step 150
1st Step Averaging Volume Multiplier : 2 to 8 step 3
1st Step Averaging Take Profit : 100 to 200 step 100
2nd Step Averaging Distance : 400 to 1300 step 300
2nd Step Averaging Volume Multiplier : 8 to 32 step 8
2nd Step Averaging Take Profit : 100 to 200 step 100

The above settings are for an account with 5-digit quotas.You can use any other settings for optimizing the EA based on your trading strategy.
It is strongly recommended to optimize EA based on the example demonstrated in the video attached below.

Recommendations and Using Conditions :

EA Only works on Hedge Accounts (netting is not supported)
You can run EA on several charts and symbols. Try to use different Magic Number input for each chart.
If you attach EA to multiple charts, decrease volumes to reduce your risk.
To enable News Filter, Visit How to Setup News Filter.

We are ready to help you for using the EA, Please don't hesitate to contact us.
Visit our other useful utilities, Indicators and experts here.

more...

1358

Marcel Bühler 2022.12.30 15:49 #

Once a year some very long candles and it rips it off as any other EA. With a stop out EA at the same time not many better EA to find for this price.

Supercocco 2022.02.25 09:22 #

2 months and I got good results. it is important to optimize it every month because the market is always changing. But it works for now.

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skafolder 2021.06.18 20:38 #

At the moment it's the only real EA that hasn't cleared my account. This is already a huge success. All the EAs I tried, ended up the same way: account cleared after a few trades. So it works fine for me. Tks to developer.

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NightVision EA MT5 - is an automated Expert Advisor that uses night scalping trading during the closing of the American trading session. The EA uses a number of unique author's developments that have been successfully tested on real trading accounts. The EA can be used on most of the available trading instruments and is characterized by a small number of settings and easy installation. Live signal for NightVision EA: https://www.mql5.com/en/signals/author/dvrk78 Recommended FX broker : IC M

400 USD

RAZOR is a Multicurrency, Open and Fully Automated System with SL MaxDD . About Settings Default Settings for AUDCAD M15 for One Chart The System has SL You can specify the maximum possible drawdown for yourself The Strategy is Based on Tracking the Return Strong Market Movements of the AUD + CAD + NZD currencies. Initially, the Algorithm uses the High Precision Scalper mechanism. Then the Grid mechanism is activated to increase income during a Small DrawDown with SL. Standard Settings al

915 USD

Loss Recovery 1 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position without using dangerous martingale/Averaging methods. This EA places some positions in opposite directions and some positions in direction of wrong position and manages these positions with mathematical methods until recovering total loss of the position. Using EA : EA Action: Sin

190 USD

Description : VWAP (Volume-Weighted Average Price) is the ratio of the value traded to total volume traded over a particular time horizon. It is a measure of the average price at which pair is traded over the trading horizon. Read More. All Symbols and All Timeframes are supported. Indicator Inputs : VWAP Mode : Mode of VWAP Calculation. Options can be selected : Single,Session,Daily,Weekly,Monthly Volumes : Real Volumes,Tick Volumes Price Type : Used price for cal

50 USD

Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT5 Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol names, prefix, suffix Enable/Disable

50 USD

Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . Note : Limited version can trade with the volume less than 0.05 lots. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based o

30 USD

Loss Recovery 2 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position without using dangerous martingale/Averaging methods. Trading Strategy: Loss Recover2 EA try to close wrong positions without any loss (Recover Wrong Positions), by using Zone Recovery method and without using martingale methods. Anytime price exits from zone, EA will close basket

90 USD

Loss Recovery 3 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position on Break Even or with determined profit. Trading Strategy: Loss Recover3 EA try to Recover Wrong Positions, by using Averaging method. There are various features on the EA to control risk of the strategy. Using EA : The EA is very simple and without complicated input para

60 USD

Definition : A Market Profile is an intra-day charting technique (price vertical, time/activity horizontal). Market Profile is best understood as a way to see order in the markets. Market Profile was a way for traders to get a better understanding of what was going on, without having to be on the trading floor. The current indicator is developed based on Easy-to-Use architecture including a wide range of visual settings. Major Features of Indicator : Various Views of Market Profile The indica

60 USD

Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT4 Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol names, prefix, suffix Enable/Disable co

50 USD

Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-point arbitrage) is the act of exploiting an arbitrage opportunity resulting from a pricing

990 USD

60 USD

Definition : Market View is a dashboard (scanner) to view price graphs of all symbols and all timeframes at a glance. The utility is designed user friendly and added a wide range of customization options. Main features of Market View : Visual settings window on the chart Customizable list of symbols and timeframes Different shapes : Real Candles, Schematic Candles, Arrows Customizable number of candles Changeable size of dashboard (scanner) Highlight timeframes with gaps on candles Open appr

50 USD

Note : Limited version can trade with the volume less than 0.05 lots. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-point arbitrage) is t

30 USD

50 USD

An indicator to draw a graph of account current and historical state such as Balance, Equity, Margin, Free Margin, Margin Level, Drawdown, Account Profit, Deposit and Withdrawals. Indicator Inputs : Draw Balance Graph Draw Equity Graph Draw Margin Graph Draw Free Margin Graph Draw Margin Level Graph Draw Drawdown Graph Draw Account Profit Graph Hide Data on Chart and Buffers Connect Gaps by Lines Sign of DDs on Profit Sign of DDs on Loss Tips : The Indicator will draw historical balance gra

60 USD

A utility to close all orders automatically when conditions meet. Various options are available to filter or select orders : Conditions : Closing conditions. 3 different conditions can be defined. EA will close orders anytime one or more defined conditions meet. Conditions can be defined based on account properties or selected orders properties. Also a fixed time to close orders is available. Type of orders : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All /

50 USD

190 USD

A utility to close all positions and orders with one simple click at once. Various options are available to filter or select orders and positions : Type of orders/positions : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All / Chart Symbol / Custom Symbols. You can enter custom symbols separated by comma. (for example you can enter EURUSD,GBPUSD,AUDJPY) Order Open Type : Manual Opened / Opened by EA Magic Number : You can enter more than one magic number separat

30 USD

Customized Copy is a Multi-Terminal visual trade copying utility that supports Metatrader4 and Metatrader5 for Trade Copying. You can activate EA on 10 different PCs/VPS. On each PC/VPS can install on Unlimited Terminals. Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying (support over 50 accounts at same time) All settings are input visually. Visual display and modify of copy map and network Each copy path can be used with different setti

100 USD

Magic EA is an Expert Advisor based on Scalping, Elliot Waves and with filters such as RSI, Stochastic and 3 other strategies managed and decided with the robot smartly. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA doesn't need any professional information or Forex Trading Knowledge. EA can trade on all symbols and all time frames, using special and unique strategies developed by the author. The EA

200 USD

An indicator to draw a graph of account current and historical state such as Balance, Equity, Margin, Free Margin, Margin Level, Drawdown, Account Profit, Deposit and Withdrawals. Indicator Inputs : Draw Balance Graph Draw Equity Graph Draw Margin Graph Draw Free Margin Graph Draw Margin Level Graph Draw Drawdown Graph Draw Account Profit Graph Connect Gaps by Lines Sign of DDs on Profit Sign of DDs on Loss Tips : The Indicator will draw historical balance graphs and deposit/withdraw arrow

60 USD

Description : A utility to create and save screenshots automatically and send to a chat/group/channel on telegram. The saved/sent image file will include all objects that exist on the chart and also all indicators are displayed on the chart. Features: Save screenshot of chart including all objects, indicators, ... Send screenshots to a telegram chat/group/channel Wide range options to select when create screenshots Logo and text adding feature Inputs and How to setup the EA : Vari

30 USD

Note : Free version can be used for trading on Demo Accounts. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-point arbitrage) is the act of exploiting an arbitrage opportunity resulting from a pricing discrepancy among three different cu

FREE

Definition : VPO is a Volume Price Opportunity. Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price It is called Market Profile terminology. In other words volume-price-opportunity (VPO) profiles are histograms of how many volumes were traded at each price within the span of the profile. By using a VPO chart, you are able to analyze the amount of trading activity, based on volume, for eac

60 USD

Fundamental Scanner is a Non-Repaint, Multi Symbol and Multi Time Frame Dashboard based on Fundamental Signals Indicator . Fundamental Signals Indicator has a powerful calculation engine that can predict market movement over 3000 pips (30000 points). The indicator is named fundamental because it can predict trends with large movements, no complicated inputs and low risk. Features : Multi-Symbol Support (Support automatic listing of market watch symbols) Multi-TimeFrame Support (Over 7

110 USD

Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . Note : Free version can be used for trading on Demo Accounts. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-

FREE

Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) This is Free Version and can be used on Demo accounts only. Use the Full Version for real trading. Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol

FREE

90 USD

FREE

Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to

990 USD

60 USD

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1358

Marcel Bühler 2022.12.30 15:49 #

Once a year some very long candles and it rips it off as any other EA. With a stop out EA at the same time not many better EA to find for this price.

Supercocco 2022.02.25 09:22 #

2 months and I got good results. it is important to optimize it every month because the market is always changing. But it works for now.

278

skafolder 2021.06.18 20:38 #

Zolman2 2021.06.17 23:56 #

Funktioniert tatsächlich, kleine Einstellungen bezüglich Trailing Stop und Stop Loss muss man nach seinem eigenem Kontostand einstellen. 1500$ freie Margin sind meiner Meinung nach Minimum. Eröffnete Trades laufen fast immer im Plus aus. Nach testen in einem DEMO Konto mit 5000$, habe ich die Einstellungen für mein Live Konto übernommen. Ich bin sehr zufrieden. Grüsse an die Entwicklerin :) Works actually, small settings regarding trailing stop and stop loss you have to set according to your own account balance. 1500$ free margin is minimum in my opinion. Opened trades almost always run out in the plus. After testing in a DEMO account with 5000$, I have adopted the settings for my live account. I am very satisfied. Greetings to the developer :)

Version 1.6 2023.01.17

Upgrade on signal engine and trading engine.

Version 1.5 2022.02.24

Rebuilt to fix MT5 compiler Access violation error.

Version 1.4 2022.02.18

Update due to change of news address from http to https
Change the address of webrequest on terminal settings to https://ec.forexprostools.com/

Version 1.3 2022.02.06

Just recompiled by previous release version of MT5 based on issues on the current beta version.

Version 1.2 2022.02.05

Added compatibility with FIFO Rules + Some other minor updates.

Version 1.1 2021.08.08

Added option to change TP.
Optimized Testing Speed.