Especulador Scalper EA
A free MT4 scalper for EURUSD (M15) that uses stop loss, take profit, trailing stop and a news filter. Start on demo and prefer a low-spread ECN account.
Especulador Scalper EA is a free MetaTrader 4 expert advisor built for EURUSD on M15. It comes with an example settings file. The EA scalps the market and opens every trade with a stop loss and take profit, then adds a trailing stop, a news filter, and a choice between fixed or automatic lot sizing.
A sample settings file and PDF installation instructions come with the download. Load that settings file on a demo account to start forward testing.
Run on demo first. Use a demo account for at least a week and keep the news filter enabled. Prefer a small fixed lot instead of aggressive auto lot while you learn the EA's behavior.
Specifications
- Tool type
- Fully automated Expert Advisor for scalping
- Platform
- MetaTrader 4
- Strategy
- Short-term scalping on M15 with SL/TP, trailing stop and news filter
- Recommended pairs
- EURUSD (primary), GBPUSD (secondary)
- Recommended timeframe
- M15
- Minimum capital
- $100 suggested; use more for live trading and if using auto lot
- Risk management
- Stop loss and take profit on each trade, trailing stop, news filter; fixed lot or auto lot options
- Original list price
- Distributed free
- At AutoFXRebate
- Free download, example set file, PDF install guide and Telegram support
What the EA does
The EA trades EURUSD on M15 as a continuous scalper. Each trade uses a stop loss and take profit. A trailing stop can protect open profit, and a news filter pauses trading around major macro events.
You can choose fixed lot sizing or an auto lot mode that scales position size. Inputs let you restrict trading hours and weekdays.
How to read the supplied set file
The included set file is labelled for EURUSD M15. It shows defaults such as Dynamic_Lot and parameters for trailing stop and news filtering, so you can load the same profile for testing.
Start with the supplied .set on a demo chart and log trades, drawdown and trade frequency before changing money management settings.
What to weigh before you run it live
Scalpers are sensitive to spread and execution. Use a low-spread ECN or raw account and run the EA on a reliable VPS if you want demo conditions to match live fills.
The auto lot option can increase exposure quickly. Use a small fixed lot until you have several weeks of consistent demo results.
Features
- Stop loss and take profit on every trade
- Trailing stop to lock in profit
- News filter to avoid high-impact events
- Fixed lot or auto lot position sizing
- Inputs to limit trading hours and days
- Supplied EURUSD M15 .set and PDF install guide
- Runs on MetaTrader 4 as an attached expert advisor
Performance
Only the backtest figures included with the free download are available. Run a demo period to log trade frequency, average stop-to-target distance and peak drawdown on your broker so you can size positions and decide whether to use auto lot or keep fixed lot sizing.
Pros
- Free to download and quick to install with the supplied PDF and .set
- Per-trade SL and TP plus a trailing stop help contain losses and protect profits
- News filter reduces trading near major releases
- Single-chart setup focused on EURUSD M15 keeps testing simple
Cons
- Only the backtest figures included with the download are available
- Auto lot mode can increase risk if left at aggressive defaults
- Scalping performance depends on broker spreads and execution quality
Setup
- Unzip the download, copy the expert advisor file into MQL4/Experts, and copy the provided Especulador EURUSD M15.set into the terminal's profiles or sets folder
- Restart MetaTrader 4 so the EA and the .set appear in the platform
- Open EURUSD on M15, attach the EA and load the provided Especulador EURUSD M15.set to apply the example inputs
- Enable AutoTrading in MT4 and run the EA on a demo account for at least one week while logging trades and drawdown
- Prefer a low-spread ECN account and a reliable VPS if you plan long-term live use so execution matches demo conditions more closely
- Keep the news filter enabled and start with a small fixed lot before considering the auto lot option
Verdict
Especulador Scalper EA is a lightweight, single-chart MT4 scalper built for EURUSD M15, with risk controls such as SL/TP, a trailing stop and a news filter. It suits traders who want a simple EA to test on demo.
Start on demo with the supplied .set file and the news filter active. Prefer small fixed lots, and consider live use only after several weeks of consistent demo behavior. The download is free at AutoFXRebate, with a PDF install guide and Telegram support for setup help.
Risk disclaimer
Forex and CFD trading involves significant risk and may not be suitable for all investors. Indicators, EAs and trading tools do not guarantee profits. Always apply proper risk management. AutoFXRebate did not build these tools and does not endorse any result they claim; test on demo before risking money.
Get Especulador Scalper EA free
The file lives in our Telegram channel, together with the setup guide. Nothing to fill in.
Open TelegramRelated tools
Lucre Reborn Scalping Robot
An MT4-only EA that scalps by session and has an optional martingale layer. Start on demo and keep martingale off until you understand drawdowns.
FREE
Awesome Scalper Pro
MT4 expert advisor that trades W%R extremes and manages adverse moves with a configurable grid and optional hedge; intended for M5 range-crosses.
FREE
Bitcoin Wizard MT4
An MT4 breakout scalper for BTCUSD that places pending buy/sell stops around recent ranges and uses a hard stop.
$200FREE
Evening Scalper Algo Trader EA
A mean-reversion night scalper trading a basket of cross pairs on M5; get the MT4 build and a PDF install guide here.
$1,980FREE