LearnFx EA – Automated Night Scalper for GBPUSD and EURUSD on MT4

LearnFx EA is a night scalping Expert Advisor trading GBPUSD and EURUSD on the M5 timeframe during the low-volatility Asian session window — deployed on MetaTrader 4.

Backtests across the full 2024 calendar year recorded a 91.91% win rate on GBPUSD, though the modeling method used was “Control Points” — the lowest quality setting — which means these figures cannot be treated as reliable performance predictions.

Key Highlights

• ✅ Trades only during Asian session quiet hours — avoids high-spread, high-volatility periods that punish retail scalpers
• ✅ 91.91% win rate across 952 GBPUSD trades in 2024 backtest — disclosed as Control Points quality, not tick data
• ✅ M5 scalping strategy on GBPUSD and EURUSD — fixed 20-pip stop loss and 30-pip take profit per trade
• ✅ Built-in spread filter at 4.0 pips max and slippage cap at 1.0 pip — rejects entries during unfavorable execution conditions
• ✅ Percentage-based risk sizing via MaxRisk parameter — position size scales automatically with account equity

Performance Results

The GBPUSD backtest ran January–December 2024 on the M5 timeframe, recording 952 trades with a 91.91% win rate and a profit factor of 7.75. Maximal drawdown reached 1.73% of the $10,000 starting balance — a figure that looks controlled but must be read with a critical caveat below.

A separate EURUSD backtest over the same 2024 period produced a profit factor of 2.81 with an 83.84% win rate across 755 trades. Maximal drawdown reached 30.89% — significantly higher than the GBPUSD run — suggesting the strategy fits GBPUSD conditions more consistently than EURUSD.

The 30.89% EURUSD drawdown demands direct explanation before you risk capital. Control Points modeling skips the vast majority of real tick data, meaning drawdown figures here likely understate what live trading would experience. The spread value recorded in the EURUSD report also shows an anomaly suggesting a data integrity issue. Run this pair with the minimum lot size (0.01), keep MaxRisk at or below 5%, monitor the first 30 live trades manually, and cap total EURUSD exposure at $500 until 90 days of demo trading confirms the strategy holds under real spread and execution conditions. Worst-case expectation at current settings: two consecutive losses of up to 41,400 units have appeared in backtest — size your account so that outcome does not threaten the whole balance.

Backtest results use Control Points modeling — the lowest fidelity method in MetaTrader 4. These results must not be considered a reliable representation of live performance. Slippage, real spreads, and execution delays will differ materially. Demo validation mandatory for a minimum of 90 days before deploying live capital.

How It Works

Strategy: Night scalping on GBPUSD and EURUSD M5 — exploits the low-liquidity Asian session when spread compression and range-bound price action favor short, defined-risk trades.

Entry: Triggers between HourStart 24 and HourEnd 2 server time — entries fire only when spread stays below 4.0 pips.

Exit: Primary exit at 30-pip take profit; hard stop loss closes trades at 20 pips against entry.

Risk Control: Percentage-based sizing via MaxRisk (default 10%) — scales lots automatically; MaxSpread and MaxSlippage filters reject poor-execution entries before they open.

✅ Best conditions: ECN broker with raw spreads • Asian session low-volatility hours • GBPUSD as primary pair

⚠️ Caution: High-impact news events overlapping session window • Wide-spread brokers above 2 pips average on GBPUSD

Technical Specifications

This EA runs on MT4 only. Need a MetaTrader 5 compatible system? Browse MT5 EAs.

Who Should Use This EA

✅ Ideal for:

• MT4 traders who want a defined-session strategy — not 24-hour exposure across all market conditions
• Traders comfortable running a 90-day demo before committing live funds to an unverified system
• Accounts of $1,000+ where the percentage-based risk sizing operates within sensible per-trade exposure
• Traders focused on GBPUSD as primary pair — EURUSD results carry substantially higher drawdown risk

✅ Best results when:

• Broker GMT offset is correctly configured so HourStart/HourEnd aligns with actual Asian session hours
• MaxRisk is reduced to 5% or below during the initial live deployment phase

Download Package Included

• ✅ Experts:
  • LearnFx EA V1.0 (.ex4)
• ✅ Presets:
  • EURUSD_Autolot_MaxRisk5.set
  • GBPUSD_Autolot_MaxRisk5.set
  • EURUSD_Autolot_MaxRisk10.set
  • GBPUSD_Autolot_MaxRisk10.set
  • EURUSD_Autolot_MaxRisk15.set
  • GBPUSD_Autolot_MaxRisk15.set
  • EURUSD_Autolot_MaxRisk20.set
  • GBPUSD_Autolot_MaxRisk20.set
  • EURUSD_Autolot_MaxRisk30.set
  • GBPUSD_Autolot_MaxRisk30.set

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Frequently Asked Questions