Wolf Scalper M1

Wolf EURUSD Scalper

Wolf EURUSD Scalper is an automated Expert Advisor for MetaTrader 5, primarily designed for EURUSD. It uses M1 for entry signals and M5 to determine the trend direction.

Trading approach

The EA identifies potential pullback entries using Bollinger Bands. A trade setup requires price to touch or move beyond a band and then close back inside it, with the candle direction and RSI momentum confirming the setup. The M5 trend filter uses the 20 and 50 EMA.

Trade management

• ATR-based stop-loss, adjusted to the broker’s minimum stop distance and tick size

• Default take-profit target of 1.2 times the initial risk

• Break-even management from 1R

• Exit after a maximum of 10 M1 bars or when the M5 trend reverses

• One open position per symbol and magic number

• Daily trade, consecutive-loss, and equity-loss limits

Risk and trading controls

The default position size is a fixed 0.01 lot. Optional percentage-based position sizing is available. Additional controls include a spread filter, broker-server trading hours, a Friday entry cutoff, and an optional high-impact news filter for EUR and USD.

The EA can be attached to other symbols and uses symbol-adaptive spread and stop-distance calculations. EURUSD is the primary market for which the strategy is designed.