About the 555 Scalper Expert Advisor
The 555 Scalper Metatrader 4 Forex Robot is an automated currency trading solution that uses two 5-period exponential moving averages to generate buy and sell signals.
These signals are implemented automatically according to the EA’s design.
The lower-period EMA reacts quickly to price changes, making it ideal for scalping.
This allows the robot to take advantage of the numerous short-term trading opportunities that arise throughout the day.
The 555 Scalper performs best in trending and fast-moving markets, where price momentum supports quick entries and exits.
Due to its scalping approach, the EA works most effectively on high-volume currency pairs, such as EUR/USD, GBP/USD, and USD/CHF.
Traders are encouraged to experiment with the EA’s input values. Adjusting parameters can help enhance trading results and tailor the strategy to specific market conditions.
Free Download
Download the “555 Scalper.mq4” MT4 robot
Key Features
Micro Price Action Entries
Uses short-term price action signals and micro trend confirmation to identify high-probability scalp entries with minimal lag.
Spread & Slippage Guard
Built-in spread limit and slippage checks prevent the EA from trading in unfavorable conditions, preserving small-profit integrity.
Adaptive Exit Management
Combines tight fixed stops with dynamic exit rules and optional trailing to lock in micro-profits as price moves in your favour.
Session Filters
Trade only during the most liquid hours (e.g., London and New York overlaps) to maximize execution quality and reduce slippage risk.
Multi-Chart Operation
Designed to run across multiple pairs and charts, the EA manages each instance separately using unique magic numbers to avoid interference.
Strategy Tester Report
Find below the 555 Scalper robot strategy tester report for the EUR/USD forex pair on the 5-minute chart.
Key Performance
In representative backtests on EURUSD and GBPUSD using H1/H4 anchor checks and M1 execution, the 555 Scalper produced steady, small gains with a high number of trades.
Total net return varied by broker conditions, but tests showed consistent profit accumulation with controlled drawdowns when spread limits and risk per trade were respected.
The EA made a total profit of $950.16 from a total of 183 trades.
The largest winning trade generated $69.79 in profits, while the largest losing trade generated a loss of $117.51.
Statistics:
Bars in test: 35894 ticks modelled
Initial deposit: $50000.00
Total net profit: $950.16
Total trades: 183
Largest profit trade: $69.79
Largest loss trade: -$117.51
Consecutive wins: 12
Consecutive losses: 1
How the EA Works
- Monitor short-term trend direction using fast-moving averages and micro price patterns.
- Wait for a validated entry trigger during allowed trading sessions with an acceptable spread.
- Open positions with tight stop loss and small fixed take profit or adaptive exit rules.
- Move stops to break-even after a predefined pip buffer and apply optional trailing to secure profits.
- Respect maximum concurrent trades and account risk limits to avoid overexposure.
Download Now
Download the “555 Scalper.ex4” Metatrader 4 robot
Parameters & Settings
- RiskPerTrade — percentage of balance risked per trade
- FixedLots — option to use fixed lot sizing
- MaxSpread — maximum allowed spread to open trades
- SlippageLimit — maximum acceptable slippage for entries
- TradeSessions — enable/disable London, New York, Tokyo sessions
- StopLossPips & TakeProfitPips — default stop and target values
- TrailStart & TrailStep — trailing stop configuration
- MagicNumber — unique ID for EA instance
Recommended Trading Setup
- Pairs: EURUSD, GBPUSD, USDJPY — majors with tight spreads and deep liquidity.
- Timeframes: M1 and M5 for scalp execution; use H1/H4 for anchor trend checks.
- Broker: ECN or low-spread STP account with fast execution and minimal requotes.
- Risk: Start with 0.25%–1% risk per trade while optimizing presets on demo.
- Environment: Avoid trading during major economic releases to prevent slippage spikes.
FAQ
Is scalping allowed with most brokers?
Many brokers permit scalping, but confirm with your broker and choose one with low spreads and no minimum trade time rules.
Can I run this EA on a VPS?
Yes — a low-latency VPS is recommended for best execution when running M1/M5 scalpers 24/5.
How many pairs can I run simultaneously?
You can run multiple instances; keep an eye on overall account exposure and cumulative risk settings.
Do I need to optimize frequently?
Periodic checks and minor optimizations are recommended, especially when switching brokers or after large market regime changes.
Is the EA suitable for beginners?
Beginners can use it on a demo to learn scalping dynamics, but should first understand money management and the risks of high-frequency trading.
Summary
The 555 Scalper MT4 Forex Robot is a focused, execution-minded scalping EA aimed at traders who prefer frequent small profits over long swings.
With tight risk controls, spread checks, session filters, and adaptive exits, it offers a structured approach to automated scalping.
Start on demo, use the included presets, and run the EA on a low-latency broker or VPS.
Fine-tune risk and spread settings to match your account and market conditions before moving to live trading.
