ElliotScalp EA
- Experts
- Husain Raja P
- Versione: 1.10
- Attivazioni: 5
🔹 Overview
ElliotScalp EA is an advanced MT5 Expert Advisor designed for scalping and short-term trading using a smart combination of Elliott Wave structure, RSI, and Stochastic indicators.
It is built to trade efficiently in hedging accounts, allowing multiple positions and advanced loss-management techniques.
The EA focuses on high-probability breakout entries, strong risk control, and flexible position management.
✅ Key Advantages
✔ Intelligent Entry Logic
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Uses Elliott Wave–style price structure (based on fractals) to identify strong market impulses
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Confirms entries with RSI and Stochastic filters to avoid weak or false signals
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Trades only when conditions align, reducing over-trading
✔ Advanced Loss Management
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Multiple options to manage losing positions:
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Averaging (Add Volume)
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Averaging (Multiply Volume)
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Fixed Stop Loss
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Wait for Take Profit
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Full control over:
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Averaging distance
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Maximum number of trades
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Maximum volume per trade
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✔ Flexible Risk & Lot Control
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Supports multiple volume calculation modes:
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Fixed lot size
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Dynamic lots per balance
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Risk percentage–based calculation
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Built-in limits to protect account from over-exposure
✔ Built-in Trade Protection
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Maximum spread filter to avoid bad market conditions
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Minimum distance between trades to prevent over-stacking
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Day & time filter to trade only during preferred sessions
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Optional Stop Trading mode to manage existing positions only
✔ Trailing Stop & Break Even
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Optional Trailing Stop Loss
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Optional Break Even after defined profit
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Helps lock profits and reduce drawdown automatically
✔ Manual Control Panel
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On-chart panel showing:
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Open positions
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Buy / Sell counts
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Buttons to:
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Close all positions
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Close only Buy or Sell positions
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✔ Multi-Symbol & Multi-Chart
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Can be attached to any symbol
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Can run on multiple charts at the same time
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Use different Magic Numbers for full separation
⚠ Important Notes
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✅ Designed for HEDGING accounts only
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❌ Netting accounts are not supported
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All point-based inputs are optimized for 5-digit brokers
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For 4-digit brokers, use 0.1× values
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🎯 Who Is This EA For?
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Traders who prefer structured, rule-based trading
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Users who want controlled averaging, not aggressive grid gambling
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Scalpers looking for fast optimization and flexibility
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Traders who want manual override + automation together
🧪 Optimization Friendly
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Limited but powerful parameters
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Very fast optimization in Strategy Tester
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Works well across multiple timeframes (M5 to D1)
