Open Momentum Scalper
- Experts
- Version: 1.0
- Activations: 5
Open Momentum Scalper
Trade the move. Skip the chop.
Most scalpers lose money in the same place: sideways markets, where they open trade after trade and give back the week's profit in an afternoon. Open Momentum Scalper is built around one rule: trade only when the market is really moving, and press hard when it is.
It runs fully automatically on MetaTrader 4. It's built for Gold (XAUUSD) and index CFDs, with full protection on every trade.
Why traders choose it
- It sits out flat markets. A multi-timeframe regime engine checks whether a real trend is in play before any trade is allowed. When the market is ranging, the EA waits.
- It catches trends early. It's designed to recognise a trend while it is forming, not after the move is over.
- It builds positions on strength, not on hope. It adds to a position only when the existing one is already protected and price is moving its way. It never averages down into losers.
- It locks in profit. Breakeven, trailing stop and an optional partial close protect gains on every position.
- It recovers smartly. If a trade goes against you and momentum confirms the reversal, a recovery engine can open an opposite position to offset the loss.
- It adapts its size. It scales up gradually during strong performance and back down when conditions weaken. Size resets to your base risk every day.
Your account comes first
- A stop loss on every trade, from the first second.
- Risk-based lot sizing calculated from your balance.
- A daily loss limit that closes everything and stops trading for the day.
- A daily profit target that ends trading on a good day.
- Profit defense that protects a strong day from turning into a bad one.
- Spread filter, trading-hours filter and margin checks before every order.
- No martingale and no grid.
Note on recovery: Recovery positions open at a larger lot size than the original trade (2x by default) with a tighter stop. In the worst case, a losing trade plus its recovery position can cost about twice your normal risk per trade. You can switch recovery off with one setting.
Live control panel
You can see everything at a glance: balance, equity, today's profit, progress to your daily target, current lot size, open and recovery positions, today's win rate, market regime, spread and session status.
Recommendations
- Symbols: XAUUSD and DE40. Test other symbols in the Strategy Tester first.
- Timeframe: any chart. M5 is recommended for viewing.
- Account: low-spread ECN or raw account. Hedging must be allowed if recovery is on.
- Minimum balance: from 300 USD (0.01 lot on Gold, default settings).
- A VPS is recommended.
- Always test on a demo account first.
Input parameters
Risk
- Risk per trade (%)
- Daily loss limit (%)
- Daily profit target (%), 0 = off
- Stop loss, take profit and trailing distances (points)
- Maximum positions per direction
- Maximum spread (points)
- Magic numbers
Signal settings
- Signal sensitivity and trend-strength parameters. The defaults are tuned for XAUUSD; adjust them only after testing.
Recovery
- Recovery on/off, trigger level, lot multiplier, minimum trend strength
Adaptive sizing
- On/off, minimum and maximum size multiplier
Profit defense
- On/off, activation level, maximum giveback, stop tightening
Trade management
- Breakeven, partial close, pending-order expiry
Time filter
- Trading start and end hour (server time)
Panel
- Show/hide and position
Risk disclosure
Trading involves risk. Backtests and past results do not guarantee future performance. Test the EA in the Strategy Tester and on a demo account before using real money.
