Morn Scalp
Morn Scalp - BB+RSI Mean Reversion Scalping EA
Morn Scalp is a fully automated Expert Advisor that combines Bollinger Bands (20, 2.0) and RSI (14) for mean reversion scalping during the Tokyo-London session (server time 21:00-04:00).
Key Features
- BB + RSI reversal signals for high-accuracy entries
- Middle band exit with trailing stop to maximize profits
- Built-in news filter to avoid trading during high-impact events
- Spread filter to prevent trading in unfavorable conditions
- Dynamic lot sizing based on account balance risk percentage
Backtest Results (EURJPY M5, 2020-2024)
- Annual Return: +32.9%
- Win Rate: 77.7%
- Profit Factor: 1.92
- Max Drawdown: 3.9%
Recommended Settings
- Currency Pair: EURJPY
- Timeframe: M5
- Minimum Deposit: $500
- Recommended Broker: ECN / Low Spread
Input Parameters
- BB_Period (20) - Bollinger Bands period
- BB_Deviation (2.0) - Standard deviation
- RSI_Period (14) - RSI period
- RSI_OB (70) / RSI_OS (30) - Overbought/Oversold levels
- StopLoss (30) / TakeProfit (20) - SL/TP in pips
- TrailingStop (15) / TrailingStep (5) - Trailing settings
- RiskPercent (1.0) - Risk percentage per trade
- MaxSpread (3.0) - Maximum allowed spread
- UseNewsFilter (true) - Enable news filter
