Price Action Scalper (v1.68)

An MT4 high-frequency scalping EA that places pending orders on price-action setups for M1 and M5. Execution speed and spread determine its live viability.

Expert AdvisorMT4HFT scalperM1, M5Pending orders only

Price Action Scalper (v1.68) is a fully automated MT4 expert advisor that aims to scalp many small moves by placing pending stop orders around price action triggers, filtered by RSI and Bollinger Bands. The download includes the EA file for MT4 and two short PDF install guides.

The EA is built for very short timeframes, M1 or M5. Volatile, high-liquidity pairs such as GBPUSD and GBPJPY are recommended. Its edge depends on low-latency execution and tight spreads, so test with a VPS near the broker and a raw or ECN account.

Run on demo first and use a low-latency VPS. This scalper's live behaviour is sensitive to spread, slippage and execution speed; test on the broker and account type you plan to use live.

사양

Tool type: Fully automated high-frequency scalping Expert Advisor
Platform: MetaTrader 4 only
Strategy: Price action triggers with RSI and Bollinger Bands filters; uses pending stop orders
Recommended pairs: GBPUSD, EURUSD, GBPJPY, USDCHF, EURCHF, AUDJPY, USDJPY
Timeframes: M1 and M5
Minimum capital: About $100 suggested (can run from lower amounts)
Risk management: Small fixed stop loss per trade; no grid, no martingale; single position at a time
Original list price: $3,000 at peak
At AutoFXRebate: Free MT4 download, PDF install guides and Telegram support

How the EA operates

Price Action Scalper scans M1 and M5 for a price-action setup, then submits pending stop orders rather than market entries. RSI and Bollinger Bands act as filters and the EA keeps only one open position at a time.

Because it targets very small moves, execution speed and spread determine whether per-trade edges survive costs.

What to watch in live testing

On a standard retail account wide spreads and slippage can erase the small profits a scalper seeks. Run the EA on a low-latency VPS near your broker and record spread and slippage during demo runs.

Track trade frequency, average stop-to-target distance and the largest drawdown while using default inputs before increasing lot size.

Who this is for

This suits traders prepared to run a speed-sensitive scalper: use a VPS, prefer raw/ECN accounts and keep lot sizes very small until demo behaviour is acceptable.

If you want a robot that is less execution-dependent, browse the AutoFXRebate library for EAs built for slower timeframes and lower sensitivity to spread.

기능

High-frequency scalping logic for M1 and M5
Places pending stop orders instead of market entries to limit spread impact
RSI and Bollinger Bands used as entry filters
Single position at a time, small fixed stop loss per trade
Option for fixed lot or compounding lot sizing
Delivered with PDF install guides and quick-start instructions

성과

This EA's live outcomes hinge on execution quality. Use a demo on your chosen broker and VPS, log slippage and spread on every trade, then measure trade frequency and maximum drawdown before risking real capital.

장점

Free MT4 download with basic install documentation
Simple setup: attach to a chart and it runs
Designed with a stop loss on every trade and no grid or martingale features
Targets very active scalp opportunities on short timeframes

단점

Performance is highly sensitive to spread, slippage and server proximity
Requires a VPS and a low-spread account to test meaningfully
Results are not independently verified
Free, but updates are not guaranteed

설치

Unzip the AutoFXRebate package and copy the EA file into MQL4/Experts; save the PDFs where you can open them
Restart MetaTrader 4 so the EA appears in the Navigator panel
Open a GBPUSD or EURUSD chart on M1 or M5, drag the EA onto the chart and keep default inputs for initial testing
Run on a demo account hosted on a low-latency VPS close to your broker and use a raw/ECN account type for fair conditions
Log spread, slippage, trade count and peak drawdown for at least one week before changing inputs or lot sizing
If you go live, consider opening the account through AutoFXRebate to receive backcom on every lot and ask our Telegram group for help with install or settings

총평

Price Action Scalper v1.68 is a speed-dependent MT4 scalper best suited to traders who can provide low-latency execution and tight spreads. It includes sensible per-trade risk controls but will not tolerate slow connections or wide spreads.

Start on demo with default settings and small lots, run the EA on a VPS and only consider live use if demo spread and slippage keep the scalper's small edges intact. Download the free MT4 package from AutoFXRebate and contact our Telegram support if you need help installing or testing.

위험 고지

외환 및 CFD 거래에는 상당한 위험이 따르며 모든 투자자에게 적합하지 않을 수 있습니다. 지표, EA 및 거래 도구는 수익을 보장하지 않습니다. 항상 적절한 위험 관리를 적용하시기 바랍니다. AutoFXRebate는 이 도구들을 만들지 않았으며, 도구가 내세우는 어떠한 결과도 보증하지 않습니다. 실제 자금을 걸기 전에 데모에서 테스트하시기 바랍니다.