About the Punisher Scalper Expert Advisor
The Punisher Scalper V8 EA for Metatrader 4 is a profitable trading robot that gained +553.73% in approximately 2 years.
Its trade logic is based on a mix of technical indicators (RSI, CCI) and price action.
The EA uses pending orders to buy and sell transactions (3-7 deals a day), and it doesn’t use any risky trading strategies.
It includes a risk management tool and allows fixed lots and auto lots.
All trades are secured by a stop loss and take profit order.
As always, please test the EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
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Key Features
Local Extrema Detection
Identifies local maxima and minima in price to spot reversal or breakout zones.
Pending Orders & Scalping Efficiency
Places pending buy and sell orders and typically executes a moderate number of trades each day for disciplined control.
Clean Risk Management
Each trade uses stop loss and take profit—no martingale, no grid, and no high-frequency strategies.
Flexible Lot Sizing
Offers both fixed-lot and auto-lot modes, adapting to your risk preferences.
Low Drawdown Philosophy
Designed with a target of keeping maximum drawdowns modest—even suitable for lower-deposit demo testing.
MyFXBook Trading Results
Find below the detailed Punisher Scalper V8 Forex Robot track record (click on the picture for full-size view).
Key Points
- Gain: +553.73%
- Daily gain: 0.27%
- Monthly gain: 8.60%
- Drawdown: 8.26%
The EA operates on charts like M30 or H1, where you can visualize pending entry levels, executed trades, and risk levels.
While the EA comes with a sample chart, using a personalized MT4 template allows you to observe its behavior and trade interactions directly on live price movements.
Trading Chart
The picture below shows the Punisher Scalper V8 EA attached to the Euro/U.S. Dollar 30-minute trading chart.
How the EA Works
- Scans price action for local extrema using ZigZag-derived patterns and oscillator confirmation.
- Places pending buy/sell orders around identified zones.
- Uses both fixed and auto-lot modes for trade sizing.
- Executes orders when triggers are met, each protected by built-in SL and TP.
- Avoids risky strategies (e.g., martingale or grid), aiming for clean execution.
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Download the “Punisher SCALPER EA v8.ex4” EA
Parameters & Settings
- ZigZag parameters (ExtDepth, ExtDeviation, ExtBackstep)
- Indicator filters (CCI period, RSI period, level buy/sell)
- Risk & money management settings (Lots, MM, risk%)
- TP and SL values for both buy and sell orders
- Trailing stop settings (trailing steps and fractals)
- Friday closing options (Friday, Time_End, End hour)
- Execution filters (slippage_auto, MaxSpread)
- Magic Number identifier
Recommended Trading Setup
- Best on M30 timeframe, though adaptable to others.
- Optimized for pairs like EURUSD, USDJPY, GBPUSD, XAUUSD.
- Begin with a modest demo balance (e.g., $100–$250).
- Use low-spread brokers, and consider a VPS for execution consistency.
- Test under varied conditions, monitoring behavior during volatile periods.
FAQ
Does the EA employ risky tactics like martingale or grid?
No—it avoids such strategies and uses clean pending orders with defined SL and TP only.
How many trades does it execute per day?
It typically performs 2–6 trades daily via pending orders and controlled entries.
What kinds of risk control does it offer?
It includes fixed and auto-lot sizing, trailing stops, Friday closure settings, and spread/slippage filters, among other parameters.
Summary
The Punisher Scalper V8 EA for MT4 is a precision scalping tool that leverages local extrema detection, oscillator filters, and pending order logic to deliver disciplined, low-risk trades.
With over +550% return in two years and a modest drawdown of around 8%, it stands out as an effective scalping solution—especially when tested and optimized under real conditions.
Download for free, test thoroughly in demo, and tailor its settings to your strategy and risk tolerance.
