IS Grey EA – Scalping Expert Advisor for MT4 with 10-Year Backtest Record

IS Grey EA is a short-term scalping EA for MT4, targeting rapid pip capture across a broad trading window of 2–23 server hours. Two independent backtests covering Jan 2013 – Jul 2023 both recorded absolute drawdown below 2.5%, giving capital-preservation traders a rare data point to evaluate before committing real money.

Key Highlights

• ✅ Sub-2.5% absolute drawdown across 10.5 years of Every Tick backtest data — rare for a scalper
• ✅ Backtest win rate of 91–99% across longs and shorts in both tested configurations
• ✅ Scalping strategy on MT4 M1 timeframe — trades triggered within a 2–23 hour daily window
• ✅ Fixed 500-pip stop-loss with 30-pip take-profit — asymmetric ratio demands strict capital sizing
• ✅ Source code included as .mq4 — inspect, modify, and audit the logic before running live
• ✅ Starts from $100 initial deposit in backtests — accessible entry point for demo validation

Unlike most commercial EAs that deliver compiled .ex4 files only, IS Grey EA ships with the full MQ4 source — giving technically capable traders the ability to verify every line of logic before trusting it with capital. Compare forex EA strategies

Backtest Performance Results

Backtest 1 — Safe Mode Configuration (9,087 Trades)

The first backtest ran Jan 2013 – Jul 2023 on M1 Every Tick modeling — the highest-fidelity mode available in MT4’s Strategy Tester. Starting from $100, the balance reached $12,435,691 across 9,087 trades, with a profit factor of 64.12. Win rate held at 99% for both long and short positions throughout the decade.

Absolute drawdown recorded at 1.28% — meaning the account never dipped more than 1.28% below its starting balance in this configuration.

Backtest 2 — Alternative Configuration (2,999 Trades)

The second backtest covers the identical period with a different lot-sizing approach, producing $23,482,763 net profit from the same $100 start. Fewer trades (2,999) but larger average win of 174 pips / $9,541. Win rate remained above 91%. Absolute drawdown reached 2.45% — still contained, but the worst single trade registered -$44,674, which signals meaningful position-size exposure at higher account balances.

The 500-pip stop-loss against a 30-pip take-profit creates a 16:1 adverse risk ratio per trade. At 99% win rate, this works mathematically — but a single losing streak of 3–5 trades can erase hundreds of winning trades’ gains. Size positions at 0.01 lots per $1,000 minimum, monitor drawdown weekly, and treat any account equity drop beyond 10% as a signal to pause and review settings. No live-account data exists to confirm these backtest figures hold under real spread and slippage conditions.

Backtest conducted on Every Tick modeling (highest MT4 accuracy). Live trading results will differ due to spread variation, slippage, and broker execution. No live or demo account data is available for this EA. Run a minimum 90-day demo before deploying real capital — backtests cannot replicate weekend gaps, news spikes, or broker requotes.

How IS Grey EA Works

Strategy: M1 scalping — captures short momentum bursts during the 2–23 hour trading window, avoiding the low-liquidity overnight gap period where spreads widen and fills degrade.

Entry: SpurtPips threshold of 40 pips acts as momentum filter — entry triggers only when price moves decisively past this level.

Exit: Fixed 30-pip take-profit closes winners fast; 500-pip stop-loss defines maximum single-trade loss boundary.

Risk Control: Auto-lot via Risk parameter (0.01 default) or manual lot override — position sizing anchored to account balance, not fixed notional.

✅ Best conditions: Trending intraday sessions • ECN brokers with spreads below 1.5 pips • Stable VPS connection during 2–23hr window

⚠️ Caution: High-spread brokers (market makers) • Major news events during open window • Accounts below $500 running default lot sizes

Technical Specifications

IS Grey EA is MT4 only. Need MT5 compatibility? Browse MT5 EAs

Who Should Use IS Grey EA

✅ Ideal for:

• MT4 traders who want to audit source code before running any EA on a live account
• Systematic traders comfortable with asymmetric SL/TP ratios and high win-rate scalping logic
• Developers looking to study or modify a working scalping framework rather than buy a black box
• Demo-first traders willing to run 90+ days of forward testing before committing capital

✅ Best results when:

• Running on an ECN broker with consistent spreads below 1.5 pips during active sessions
• Account balance of $500 or above to keep per-trade risk proportional at default settings

Download Package Included

• ✅ Experts:
  • IS Grey EA (.mq4 source code + compiled .ex4)
• ✅ Presets:
  • Grey_Gold.set
  • Grey_Gold (Safe Mod).set

Product download link sent immediately via email after purchase.

Frequently Asked Questions