Euro Scalper EA Source Code mq4 + Setfiles

Euro Scalper EA Source Code mq4 Introduction

The Euro Scalper EA Source Code mq4 is a powerful automated trading solution designed to tackle the challenge of consistent scalping profits in the fast-paced forex market. This MetaTrader 4 expert advisor specializes in EURUSD scalping on the M1 timeframe, utilizing an advanced grid system with smart capital management to capture small, frequent profits. With verified live trading results showing gains of up to 423% and a transparent, open-source MQ4 format, this EA demonstrates a commitment to honest performance and trader education.

Key Highlight

• Core Functions: Open-source MQ4 format with customizable grid system, automated lot sizing with 1.21 multiplier, and comprehensive risk management including equity stop protection

• Trading Strategy: Grid-based scalping system that opens initial trades and places subsequent positions at 21-pip intervals when market moves against position, using martingale lot progression to average entry prices and close entire grid profitably

• Key Benefits: 24/7 automated trading eliminates emotional decision-making, built-in news and sideways market filters prevent trading during unfavorable conditions, and equity stop feature protects against catastrophic losses

• Verified Performance: Live Myfxbook results show 157.84% gain on InstaForex account, 423.52% gain on LiteForex account, and 54.71% gain on recent tracking, with maximum drawdowns ranging from 14.77% to 21.27%

• Risk Disclosure: Grid and martingale elements carry inherent risks of significant drawdowns during strong trending markets; proper capitalization and risk management settings are essential for safe operation

Euro Scalper EA Source Code mq4 Recommended

• Trading Platform: MetaTrader 4 (MT4)
• Pairs: EURUSD exclusively
• Supported Accounts: NDD accounts preferred, Cent accounts recommended for risk management
• Timeframe: M1 (1-minute charts)
• Trading Time: 24/7 operation with Friday restrictions after 20:00
• Leverage: 1:1000 recommended with proper risk management
• Minimum Deposit: $200 on Cent accounts or $1,000 on standard accounts

Leverage Advisory: High leverage amplifies both profits and losses; ensure broker compatibility and understand associated risks before implementation.

Installation and Usage Tips

• Lot Settings: Start with 0.01 initial lot size, LotMultiplier 1.21 increases subsequent trade sizes progressively
• Grid Parameters: Step 21 pips determines distance between trades, MaxTrades 31 limits maximum grid positions
• Risk Management: UseEquityStop true with TotalEquityRisk 20% prevents account wipeout, HiddenSL 500 pips provides safety net
• Time Filters: OpenHour 0 and CloseHour 23 for continuous trading, FridayHour 20 stops trading before weekend
• Market Filters: FilterNews true and FilterSideway true avoid volatile and choppy market conditions
• Daily Targets: UseDailyTarget true with Daily_Target 100 can limit daily exposure

Risk Warning: Grid systems can generate significant drawdowns during trending markets; monitor equity levels and market conditions regularly.

Euro Scalper EA Source Code mq4 Review

This grid-based scalping EA demonstrates solid performance with verified gains exceeding 150-400% across multiple live accounts, though drawdowns of 15-21% highlight the strategy’s inherent volatility. The EA effectively addresses the challenge of consistent scalping execution through automation, making it suitable for intermediate traders comfortable with grid system risks who seek high-frequency trading without constant monitoring.

Performance Highlights:
• InstaForex Account: 157.84% gain, 14.77% drawdown

• LiteForex Account: 423.52% gain, 21.01% drawdown

• Recent Euro Account: 54.71% gain, 21.27% drawdown

• All accounts show consistent profitability with manageable risk levels

Why Choose Euro Scalper EA Source Code mq4

• Proven Track Record: Multiple verified Myfxbook accounts demonstrate consistent profitability across different brokers and market conditions
• Complete Transparency: Open-source MQ4 format allows full strategy analysis and customization, unlike black-box solutions
• Advanced Risk Management: Built-in equity stop protection and market filters prevent common scalping failures during volatile conditions
• Educational Value: Source code access provides invaluable learning opportunity for MQL4 programming and grid system mechanics
• 24/7 Automation: Eliminates emotional trading decisions and enables round-the-clock opportunity capture impossible with manual scalping

Conclusion

The Euro Scalper EA Source Code mq4 offers verified performance and complete transparency through its open-source format, making it valuable for intermediate traders seeking automated scalping solutions. While grid systems carry inherent drawdown risks, proper capitalization and risk management make this EA suitable for traders comfortable with higher-risk, higher-reward strategies.

Ready to Use Euro Scalper EA Source Code mq4?

• Telegram Support: https://t.me/+TT_oy2yBiQZjZjE1 
• Email Contact: [email protected]
• Website: cheapforexea.com

Euro Scalper EA Source Code mq4 Download Packages:

• Link download experts:
  • Euro Scalper EA Source Code .mq4
• Presets