Bollinger Blade

Scalper's Blade - Bollinger Bands Scalping EA

📌 Overview

Scalper's Blade is a professional scalping Expert Advisor based on the classic Bollinger Bands strategy. The EA enters a position when the price crosses the upper or lower band and closes the trade with a fixed Stop Loss and Take Profit. Perfect for traders who prefer a mechanical approach with clear entry rules.

🎯 Strategy Logic

Signal Condition Action
SELL Previous candle close > Upper Band & Current candle close < Upper Band Sell Market
BUY Previous candle close < Lower Band & Current candle close > Lower Band Buy Market

Exit: Fixed Stop Loss (200 points) and Take Profit (100 points)

⚙️ Input Parameters

Parameter Description Default
LotSize Trading volume 0.1
BB_Period Bollinger Bands period 20
BB_Deviation Bollinger Bands deviation 2
StopLossPoints Stop Loss in points 200
TakeProfitPoints Take Profit in points 100
MagicNumber Unique EA identifier 20260329
Slippage Maximum allowed slippage 3

🔧 Features

  • ✅ Simple and transparent logic – no martingale, no grid, no dangerous methods

  • ✅ One position at a time – no overlapping signals

  • ✅ Works on any timeframe – recommended M1, M5, M15

  • ✅ 4-digit and 5-digit broker support – automatic point adjustment

  • ✅ Lightweight – minimal CPU usage

  • ✅ Fully commented code – easy to understand and modify

📈 Recommendations

Parameter Recommendation
Timeframe M1, M5 or M15
Instruments EURUSD, GBPUSD, USDJPY (low spread)
Broker ECN with low commission
Account type Any (hedging system)
Minimum deposit $100 for 0.01 lot

⚠️ Important Notes

  • The EA enters trades only on closed candles – no repainting

  • SL and TP are set in points, not pips
    *(For 5-digit brokers: 200 points = 20 pips / For 4-digit brokers: 200 points = 20 pips)*

  • Only one BUY and one SELL position can be opened simultaneously

  • Always test in Strategy Tester before live trading

🧪 Testing

  1. Open Strategy Tester in MT4 (Ctrl+R)

  2. Select Scalper's Blade

  3. Choose Visual mode to see entries in real time

  4. Recommended testing period: 3-6 months

📞 Support

For questions, suggestions or custom modifications, contact the author via MQL5 private messages.

Version: 1.02
Last update: March 2026
Category: Scalping / Bollinger Bands


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No losing months since August 2019, with a 2.04% monthly gain: Live performance MT 5 version can be found here Sentinel AI is fully automated trading system is built for major forex pairs such as EURUSD and GBPUSD on the M5 timeframe. By combining price action and mean reversion principles with advanced AI-driven analytics, it is designed to identify potential trend reversals and exploit market inefficiencies with greater accuracy and efficiency. Supported currency pairs: EURUSD, GBPUSD Timefram
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Burak Baltaci
3 (2)
Experts
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Michela Russo
5 (8)
Experts
Limited stock at the current price! Final price: $1999 --> PROMO: From $299 --> The price will go up every 5 purchases, next price : $399 Golden Mirage is a robust gold trading robot designed for traders who value reliability, simplicity, and professional-grade performance. Powered by a proven combination of RSI, Moving Average,  ADX, and High/Low Level  indicators, Golden Mirage delivers high-quality signals and fully automated trading on the M5 timeframe for XAUUSD (GOLD) . It features a robu
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MQL TOOLS SL
5 (4)
Experts
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Patrick Jeannot
5 (1)
Experts
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Vasiliy Strukov
5 (1)
Experts
EA Sweet Dreams è un sistema di trading trend following basato sul mio indicatore. Segue una strategia a griglia Martingale. Questo EA è adatto a qualsiasi coppia di valute e a qualsiasi timeframe, ma offre prestazioni eccezionali su strumenti in forte trend come XauUSD sul timeframe M15. I risultati in tempo reale possono essere visualizzati   qui . Contattami subito dopo l'acquisto per ottenere il bonus personale! Impostazioni e manuale   qui   IMPOSTAZIONI Open new series – true/false - iniz
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Nervada Emeule Adams
2.5 (2)
Experts
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MQL TOOLS SL
4.73 (45)
Experts
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
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Lachezar Krastev
4.47 (51)
Experts
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Gold Pulse EA mt4
Vasiliy Strukov
Experts
Gold Pulse EA è un Expert Advisor multi-strategia che combina tre sistemi di trading in un unico framework strutturato e disciplinato. Progettato specificamente per l'oro (XAUUSD), si adatta alle diverse condizioni di mercato utilizzando un mix di swing trading intraday, esecuzione a sessione e strategie di range giornaliero. Questo crea un approccio di trading automatizzato più equilibrato e coerente, senza dipendere da un'unica configurazione. Realizzato con la semplicità in mente, Gold Puls
TW Sniper EA MT4
Altan Karakaya
Experts
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Bitcoin Wizard 16
Sugianto
Experts
Hello All, good news, the very famous Bitcoin Wizard version 1.6 is now available on the mql5 website which works very smoothly. Bitcoin Wizard – Automated Bitcoin Trading System Bitcoin Wizard is an advanced automated trading system designed specifically for Bitcoin trading . It identifies strong market momentum by analyzing high–low price levels within specific periods and executes pending orders to capture breakout opportunities. Built for traders who want a fully automated solution , Bitcoin
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DMITRII GRIDASOV
5 (3)
Experts
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Alfet Nigmatullin
5 (1)
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Alfet Nigmatullin
Indicatori
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