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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Burak Baltaci
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Experts
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Experts
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5 (4)
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AI Prop Firms - Intelligent Automation Built for   Prop Trading Firms . AI Prop Firms is an advanced fully automated Forex trading system powered by   Artificial Intelligence , developed specifically to operate within the strict rules and evaluation models of prop trading firms. The system is designed to trade under controlled risk conditions while   maintaining consistency , stability, and compliance with prop firm requirements. AI Prop Firms uses intelligent market analysis logic that continu
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