About the Multi-Lot Forex Scalper Expert Advisor
The Multi Lot Forex Scalper is an automated Expert Advisor designed for short-term scalping on the MetaTrader 4 platform.
It uses multiple lot sizing logic to scale into positions, manage risk dynamically, and capture small but frequent price moves.
Built for traders who want an automated intraday approach, the EA is lightweight, configurable, and straightforward to run on common currency pairs.
Free Download
Download the “Multi_Lot_Scalper.mq4” Metatrader 4 robot
Key Features
Adaptive Multi-Lot Sizing
The EA can open sequential lots based on your configured scale-in rules to increase position size when the trade moves in or against the desired direction.
Built-in Risk Management
Stop loss, take profit, and dynamic trailing options are available, so the EA manages losing trades conservatively while locking in profits when the market turns.
Time-Filter and Session Control
Choose the trading hours and restrict activity to high-probability intraday sessions to avoid illiquid times and weekend gaps.
Spread and Slippage Checks
The EA evaluates current spread and allowed slippage before opening any new orders to reduce the chance of bad entries in noisy conditions.
Strategy Tester Performance Report
Find below the Multi-Lot Forex scalper robot tester performance report for the EUR/USD currency pair attached to the 4-Hour chart.
Performance Highlights
The expert advisor made a total profit of $489918.00 from 6216 trades.
The largest winning trade generated $13312.00 in profits, while the biggest losing trade reported during the testing period was -$1909.76.
Results vary by broker and settings; testing on a demo account with your broker is highly recommended.
The EA demonstrates consistent activity across major pairs with win-rates and average trade durations that fit a scalping profile.
Test Period Details:
Bars in test: 8400 ticks modelled
Initial deposit: $10000.00
Total net profit: $489918.00
Total trades taken: 6216
Largest profitable trade: $13312.00
Largest losing trade: -$1909.76
Consecutive winning trades: 91
Consecutive losing trades: 8
How the EA Works
- Monitors price action for predefined short-term signals and volatility thresholds.
- Opens an initial position when an entry condition is met and optionally scales in with additional lots according to the configured rules.
- Applies stop loss and take profit at the trade or basket level to control outcome.
- Moves the stop to breakeven and uses a trailing stop to protect accumulated profits.
- Skips trades when spreads, news filters, or time filters indicate higher risk.
Download Now
Download the “Multi_Lot_Scalper.mq4” Metatrader 4 robot
Parameters & Settings
- InitialLot — starting trade size (e.g., 0.01)
- MaxLot — maximum lot to allow when scaling in
- ScaleInSteps — number of sequential entries permitted
- StopLoss_pips — stop loss in pips
- TakeProfit_pips — take profit in pips
- TrailingStart — pips profit before trailing starts
- TrailingStep — trailing distance in pips
- MaxSpread — maximum spread allowed to open a trade
- TradingStartHour / TradingEndHour — active trading window
Recommended Trading Setup
- Use major pairs (EURUSD, GBPUSD) on M1–M15 charts for best liquidity and low spreads.
- Run on a VPS with low latency to your broker during active hours.
- Start with conservative lot sizes and test different scale-in rules on demo.
- Disable auto-trading during high-impact news events or use a news filter.
- Use a reliable broker with tight spreads and fast order execution.
FAQ
1. Which currency pairs should I trade?
Major pairs with tight spreads (EURUSD, USDJPY, GBPUSD) are recommended for scalping; always test each pair with demo runs first.
2. Can I use this EA with a cent account?
Yes, but ensure the broker allows the minimum lot size you plan to use and check how scaling affects margin on cent accounts.
3. How do I manage risk with scaling?
Use a conservative InitialLot and a MaxLot cap, and make sure StopLoss and account risk percentage settings are calibrated to your account size.
4. Do I need VPS hosting?
A VPS is recommended for 24/7 uptime and minimal slippage, especially if you run the EA on low timeframes like M1.
Summary
The Multi Lot Forex Scalper EA provides a practical, configurable approach to automated scalping on MT4.
With adaptive multi-lot logic, risk controls, and time filters, it suits traders who prefer systematic short-term trading.
Always demo-test thoroughly and adjust parameters to your broker and risk tolerance before trading live.
