Forex Master Scalper EA MT4

Master Forex Scalper EA for MT4 by Harsh Tiwari

Introduction to Forex Master Scalper EA
The Forex Master Scalper EA is a highly optimized automated trading tool designed for scalping on M5 (5-minute charts). With a focus on precision and low-risk execution, this EA thrives in low-spread currency pairs such as EUR/USD, GBP/USD, AUD/USD, NZD/USD, and USD/JPY.

Ideal for both small account holders and prop firm traders, this scalper delivers reliable performance even in volatile conditions.

Key Features of Forex Master Scalper EA

1. Fast Scalping Strategy
   • Designed for rapid entries and exits on the M5 timeframe.
   • Targets small price fluctuations for consistent daily profits.
2. News Filter Integration
   • Prevents trading during high-impact economic events.
   • Adjustable settings allow users to fine-tune news sensitivity.
3. Advanced Risk Management
   • Stop-loss and trailing stop mechanisms ensure capital protection.
   • Adjustable lot size, RSI-based trade confirmation, and dynamic stop levels.
4. Optimized Settings
   • Pre-configured settings for major currency pairs.
   • Fine-tuning options to cater to different trading environments.
5. Great for Small Accounts & Prop Firms
   • Minimal drawdown of 14% observed in the backtest.
   • Ideal for small account sizes, with excellent risk/reward metrics.

Performance Insights

Backtest Summary:

• Initial Deposit: $50
• Total Net Profit: $48.92
• Relative Drawdown: 18.66%
• Total Trades: 640
• Profit Factor: 1.31

In a recent backtest, Forex Master Scalper EA doubled a $50 account, turning it into $100 with only 14% drawdown. The equity curve demonstrates consistent growth with periods of minor stagnation but no significant account-threatening dips.

Equity Curve Analysis:

The equity curve shows steady upward movement, confirming the EA’s low-risk scalping strategy. While minor drawdowns were observed, they were within acceptable thresholds, showcasing the EA’s ability to recover quickly.

Inputs Overview

The Forex Master Scalper EA includes a robust set of inputs, empowering users to fine-tune their trading experience:

Core Inputs Explained:

• Lots: Set initial lot size for trading.
• Grid Distance: Adjust the spacing between grid orders.
• Trailing Stop: Automatically locks profits when the trade moves favorably.
• RSI Filters: Prevent overbought/oversold conditions from triggering trades.
• Stop Loss & Take Profit: Define clear boundaries for risk control.
• Magic Number: Unique identifier for trade management.

The customizable settings ensure flexibility, allowing both beginners and experienced traders to optimize the EA for their preferred trading style.

Technical Requirements

• Platform: MetaTrader 4 (MT4)
• Timeframe: M5 (5-minute chart)
• Currency Pairs: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY
• Leverage: 1:100 or higher
• VPS: Recommended for consistent execution
• Account Type: ECN or Raw Spread accounts preferred

Installation Guide

1. Open MT4 and navigate to File > Open Data Folder > MQL4 > Experts.
2. Copy the file into the folder.
3. Restart MT4.
4. Attach the EA to an M5 timeframe chart.
5. Load optimized set files.
6. Enable AutoTrading and start the EA.

User Reviews

⭐️⭐️⭐️⭐️⭐️ – Mark Stone (USA)
“This EA flipped my $50 account to $100 with just 14% drawdown. The consistency is unmatched, and it’s perfect for prop firm challenges!”

⭐️⭐️⭐️⭐️ – Aiko Tanaka (Japan)
“Simple to set up and highly effective on EUR/USD and USD/JPY. The risk management features are excellent. Would highly recommend!”

⭐️⭐️⭐️⭐️⭐️ – Liam O’Connor (UK)
“Forex Master Scalper is a gem! Small trades, small risks, but consistent profits. Perfect for those who prefer lower exposure.”

⭐️⭐️⭐️⭐️⭐️ – Sofia Ramirez (Spain)
“Installed it, set it up in 10 minutes, and it started trading immediately. Love the RSI-based entry filters and trailing stop feature!”

⭐️⭐️⭐️⭐️ – Ivan Petrov (Russia)
“Backtesting results are solid. On live trading, results are close, but execution speed plays a big role. Use a fast VPS and a good broker.”

Conclusion

The Forex Master Scalper EA by Harsh Tiwari is an efficient and reliable scalping system designed for traders who seek consistent performance with minimal risk. Its adaptability to both small accounts and prop firm rules makes it a versatile tool in any trader’s arsenal.

If you’re ready to take advantage of precise entries, optimized strategies, and top-tier risk management, Forex Master Scalper EA is your go-to solution.

Start Scalping Smarter Today with Forex Master Scalper EA! 🚀