Iron Fox Scalper
- Experts
- Version: 1.100
⚡ Automated Trading • Smart Market Analysis • Risk Management
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🚀 INTRODUCTION
Iron Fox Scalper is an automated Expert Advisor (EA) for MetaTrader 5 (MT5), designed to analyze market conditions, identify potential trading opportunities, and manage trades using predefined trading rules.
Developed for traders who value automation, structured execution, and configurable trading parameters, Iron Fox Scalper combines automated market analysis with integrated trade management and risk-control features.
The EA operates on the symbol of the chart to which it is attached and manages trading activity according to its programmed logic.
🦊 Automated Analysis. Structured Execution. Controlled Risk.
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⚙️ TRADING SYSTEM
Iron Fox Scalper uses a rule-based trading system to evaluate market conditions and identify potential entry opportunities.
Its internal logic processes market data across multiple timeframes and applies predefined confirmation rules before entering trades.
🔹 Automated market analysis
🔹 Multi-timeframe processing
🔹 Candle-based entry confirmation
🔹 Automated trade execution
🔹 Integrated position management
The EA follows its programmed trading rules without requiring manual confirmation for every entry.
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🛡️ ADVANCED TRADE MANAGEMENT
Iron Fox Scalper includes several automated mechanisms for managing open positions.
🔸 Stop-Loss Management
Initial stop-loss placement is based on recent price structure, incorporating an ATR-based buffer.
🔸 Break-Even Management
The EA can adjust stop-loss levels toward the entry price when the configured conditions are met.
🔸 Trailing Stop
A trailing-stop mechanism can adjust stop-loss levels as positions move favorably.
🔸 Basket Profit Target
The EA can close the basket when its combined result reaches the configured target of 0.05% of the equity recorded at the beginning of that basket.
🔸 Maximum Position Limit
The default configuration allows a maximum of 3 positions, helping limit the number of simultaneously managed trades.
🔸 Basket Loss Protection
When the configured maximum basket loss is reached, the EA closes the basket and pauses trading until the next broker server day, according to its programmed rules.
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📊 RISK MANAGEMENT & TRADING CONTROLS
Iron Fox Scalper provides configurable parameters to help users define their preferred trading conditions.
Default Configuration
• ⚙️ Default lot size: 0.01 lots
• 📏 Maximum lot size: 0.01 lots
• 🔢 Maximum open positions: 3
• 🎯 Basket profit target: 0.05% of starting basket equity
• ⏱️ Trend analysis timeframe: H1
• ⚡ Entry analysis timeframe: M5
Integrated Trading Filters
✓ Spread filter
✓ Trading-session filter
✓ Friday cutoff for new entries
✓ Daily loss limit
✓ Maximum position limit
✓ Basket-loss protection
✓ Automated stop-loss management
✓ Configurable lot-sizing controls
The daily loss limit blocks new entries when its configured threshold is reached. Basket-loss protection operates separately and manages the basket according to its own loss threshold.
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📈 LOT-SIZING CONTROLS
Iron Fox Scalper includes configurable lot-sizing functionality to help users manage their trading volume.
The default starting volume is 0.01 lots, with a default maximum lot size of 0.01 lots.
The EA also includes a lot-increase setting. To allow the trading volume to increase beyond 0.01 lots, the user must raise the maximum lot-size setting accordingly, up to the supported limit of 0.05 lots.
This allows users to configure the permitted trading volume according to their own preferences and risk tolerance.
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📟 REAL-TIME INFORMATION PANEL
Monitor essential account and EA information directly on your MetaTrader 5 chart.
💰 Account Balance — Current account balance
📊 Account Equity — Current account equity
📈 Profit & Loss — Displayed account performance
💹 EA Profit — Profit information associated with the EA
📉 Drawdown — Account drawdown information
↔️ Current Spread — Current market spread
⚙️ Lot Size — Trading volume information
🔢 Magic Number — Identifier used to distinguish the EA's trades
🕒 Server Time — Broker server time
The integrated information panel provides a convenient overview of account conditions and EA activity without constantly switching between platform windows.
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🌍 SYMBOL COMPATIBILITY
Iron Fox Scalper trades the symbol of the chart to which it is attached.
The EA includes spread controls for Forex and non-Forex symbols. Actual compatibility depends on broker trading conditions, symbol specifications, and the EA's configuration.
Users should test the EA on their intended symbol and broker before using it on a live account.
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💻 TECHNICAL SPECIFICATIONS
Product: Iron Fox Scalper
Platform: MetaTrader 5
Type: Expert Advisor (EA)
Programming Language: MQL5
Trading Style: Automated scalping
Analysis: Multiple timeframes
Default Trend Timeframe: H1
Default Entry Timeframe: M5
Default Lot Size: 0.01 lots
Default Maximum Lot Size: 0.01 lots
Maximum Configurable Lot Size: 0.05 lots
Default Maximum Positions: 3
Basket Profit Target: 0.05% of starting basket equity
Trade Management: Automated
Risk Controls: Configurable
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⚠️ RISK DISCLAIMER
Forex, CFDs, and other leveraged financial instruments involve substantial financial risk. Automated trading does not guarantee profits or prevent losses.
Trading performance can vary depending on market conditions, spreads, commissions, slippage, broker execution, and configuration settings.
Before deploying Iron Fox Scalper on a live account:
✓ Backtest using realistic trading costs.
✓ Evaluate drawdown and overall performance.
✓ Forward-test on a demo account.
✓ Verify all lot-size and risk parameters.
✓ Use appropriate risk management.
Risk controls can help enforce predefined limits, but they cannot eliminate trading risk or guarantee a specific financial outcome.
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🦊 IRON FOX SCALPER
Automated Trading. Structured Trade Management. Risk-Aware Execution.
⚡ Automation | 📊 Market Analysis | 🛡️ Risk Controls
Test thoroughly. Trade responsibly. Manage risk with discipline.
