MetaScalper MT5

Fully automated trading robot designed to identify strong support and resistance levels on the selected timeframe and place pending orders to trade confirmed market breakouts. The algorithm aims to capture momentum at the moment a significant price level is breached and manage profitable trades using a built-in trailing stop system. The EA does not use Martingale, Grid trading, Averaging, or other high-risk position-sizing techniques. Its strategy is based on a classic breakout trading approach combined with risk management and flexible money management settings.

Live Signals

• Tickmill: https://www.mql5.com/en/signals/2376140
• Vantage: https://www.mql5.com/en/signals/2376146

Trade Strong Market Breakouts

MetaScalper automatically analyzes historical price action and identifies significant swing highs and swing lows.

Once key levels are detected, the EA:

• places Buy Stop orders above important highs;
• places Sell Stop orders below important lows;
• waits for confirmed market breakouts before entering trades.

This approach focuses on joining established market momentum rather than attempting to predict reversals.

Fully Automated Trading

After activation, the EA automatically:

• analyzes the market;
• calculates entry levels;
• places pending orders;
• sets Stop Loss levels;
• manages open positions;
• applies trailing stop protection.

No constant manual monitoring is required.

Built-In Trailing Stop

MetaScalper includes an intelligent trailing stop system to protect accumulated profits.

Once a position reaches the specified profit threshold:

• the Stop Loss follows the market;
• profits are protected as the trend develops;
• the risk of profit retracement is reduced.

Flexible Money Management

The EA supports two position-sizing modes:

Fixed Lot

Ideal for testing and conservative trading.

AutoLot

Position size is calculated automatically based on a percentage of account balance risk.

Benefits include:

• consistent risk exposure;
• automatic adaptation to account growth or decline;
• fully automated money management.

Broker Safety Checks

• verifies available margin;
• checks allowed trading volumes;
• respects broker symbol limitations;
• prevents invalid trade requests.

How the Strategy Works

1. The EA analyzes recent bars on the selected timeframe.
2. It identifies significant swing highs and swing lows.
3. Potential breakout levels are calculated.
4. Buy Stop and Sell Stop pending orders are placed.
5. Stop Loss is automatically set when a trade is activated.
6. The trailing stop is enabled once the predefined profit level is reached.
7. The position is managed until it is closed.

The EA can be used on EURUSD, USDJPY and GBPUSD pairs. Any Timeframe.

Important Information