About the 5-Minute Scalper Expert Advisor
The 5 Minute Scalper Metatrader 4 Forex Robot utilizes a retracement strategy as a means of triggering buy/sell market autopilot market signals.
The 5 Minute Scalper forex robot works best on the 5-minute time frame and any low spread currency pair to maximize performance.
Therefore, the EA is best suited for trading the EUR/USD pair, aside from other major currency pairs like GBP/USD, USD/CAD, USD/JPY, and USD/CHF.
Fast and slow moving averages have also been integrated into the code of the expert advisor.
Modifying the values of the input variables, irrespective of the selected broker, implies greater flexibility.
Free Download
Download the “5MIN SCALPING.mq4” MT4 robot
Key Features
Ultra-Fast Execution
The EA monitors price action on the 5-minute chart, opening quick trades at optimal entry points to exploit fleeting opportunities in the market.
Precise Entry Triggers
Uses a combination of short-period indicators (like moving averages and volatility thresholds) to ensure entries occur at high-probability moments.
Session Timing Control
Restricts trading to high-volume market hours, such as London and New York sessions, to avoid low-liquidity periods that affect slippage.
Dynamic Risk Management
The EA automatically calculates position size based on account risk settings and recent market volatility.
Adaptive Profit Targets
Sets take-profit levels and stop-loss thresholds dynamically based on the current ATR, ensuring the targets align with prevailing price action.
Strategy Tester Report
Find below the 5 Minute Scalper forex robot strategy tester report for the EUR/USD forex pair on the 5-Minute chart.
Key Performance
Backtesting and forward-testing on a demo account show that the 5-Minute Scalper EA can deliver a healthy mix of high-win-rate trades and controlled drawdown, especially on major pairs with tight spreads.
Frequent small profits make it ideal for traders who aim for many small wins rather than fewer large ones, provided risk is managed correctly.
The EA made a total profit of $2858.19 from a total of 119 trades.
The largest winning trade generated $222.51 in profits, while the largest losing trade generated a loss of $315.78.
Statistics:
Bars in test: 32533 ticks modelled
Initial deposit: $10000.00
Total net profit: $2858.10
Total trades: 119
Largest profit trade: $221.51
Largest loss trade: -$315.78
Consecutive wins: 4
Consecutive losses: 2
How the EA Works
- Monitors 5-minute bars using fast-period momentum and volatility indicators.
- Enters trades when specific momentum thresholds and price structure criteria align.
- Applies session filters to trade during high liquidity times.
- Sets dynamic stop-loss and take-profit based on recent ATR values.
- Calculates the appropriate lot size based on the account balance and risk percentage.
- Exits trade when TP or SL is hit, or when price action reverses according to rules.
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Download the “5MIN SCALPING.ex4” Metatrader 4 robot
Parameters & Settings
- RiskPerTrade – percentage of account equity at risk per trade
- EntryMomentumPeriod – defines the fast indicator period for entry validation
- MinATR – minimum ATR level to allow entry (avoids low-volatility trades)
- MaxSpread – maximum allowed spread for safe trade execution
- SessionStart & SessionEnd – trading hours (e.g., 08:00-16:00)
- UseDynamicTP_SL – enable adaptive profit and loss levels
- BreakEvenTrigger – move stop-loss to break-even after X pips profit
Recommended Trading Setup
- Currency Pairs: EURUSD, GBPUSD, USDCHF
- Timeframe: M5 only
- Broker: ECN with low spreads and fast execution
- Risk per Trade: 0.25%–0.75% of account
- Environment: VPS hosting with minimal latency
FAQ
Q: Is this EA suitable for new traders?
A: Yes, but due to its speed and frequency of trades, beginners should practice extensively on a demo account to build confidence and understand drawdown behavior.
Q: What timeframe does it use?
A: Only the 5-minute chart (M5) is supported, optimized for fast-moving opportunities.
Q: Can I adjust trading hours?
A: Yes — the “SessionStart” and “SessionEnd” settings allow you to control when trades can open.
Q: How does it manage risk?
A: It adapts lot size and exit levels based on your risk settings and real-time volatility indicators like ATR.
Summary
The 5-Minute Scalper Metatrader 4 Forex Robot is a high-frequency scalping EA engineered for speed and precision.
Designed for active traders who prefer multiple small, fast trades, it includes adaptive risk controls, session filters, and dynamic targets to optimize entries.
The EA is available for free—download it, test on a demo account, and only go live once you’ve verified consistent performance under your broker and conditions.
