M4Scalp EA MT4 with Setfiles

Introducing M4Scalp EA

M4Scalp EA is a fully automated high-frequency scalping robot designed for MetaTrader 4, emphasizing simplicity and “set-and-forget” operation with dynamic lot sizing. The EA demonstrates impressive backtest results with profit factors ranging from 8.53 to 9.99 across EURUSD and GBPUSD pairs. However, these results come from “Control points” testing, which MetaTrader explicitly warns “must not be considered” reliable.

Key Findings

• Overview: Automated scalping EA with minimal configuration requirements, featuring dynamic auto-lot sizing, trailing stop functionality, and magic number trade identification system

• Trading Strategy: High-frequency scalping approach targeting small, consistent gains from rapid market movements – however, the specific technical indicators and entry/exit logic remain undisclosed, creating a “black box” trading system

• Key Benefits with Trade-offs:

• Emotional detachment from trading decisions, but requires trust in an opaque strategy
• Time-saving automation for busy traders, though scalping demands excellent broker conditions
• Dynamic lot sizing for risk management, yet lacks transparency in risk calculation methods
• Low $100 minimum deposit accessibility, but higher balances recommended for stability

• Performance Data with Cautions:

• Backtest profit factors: 8.53-9.99 across tested pairs
• Maximum drawdown: 1.32-1.34% in backtests
• Critical limitation: All results from “Control points” method, which MetaTrader warns is “very crude” and unreliable
• Results cover only 5-month period, raising over-optimization concerns

• Primary Risks: Unreliable backtest methodology, complete strategy opacity, extreme sensitivity to spread/slippage conditions, and potential curve-fitting to limited historical data

Recommendations for using M4Scalp EA

• Trading Platform: MetaTrader 4 (MT4) exclusively

• Pairs: Designed for “any currency pair” but recommends low-spread major pairs like EURUSD, GBPUSD – exotic pairs carry higher spread risks that could negate scalping profits

• Supported Accounts: ECN accounts strongly recommended for minimal spreads – Standard accounts may face execution delays harmful to scalping

• Timeframe: Product recommends M5 (5-minute), though backtests shown on M15, M30, and H1 timeframes

• Trading Time: 24/7 operation capability, though performance may vary during low-liquidity periods

• Leverage: High leverage typically required for scalping profitability – Higher leverage amplifies both potential profits and potential losses significantly

• Minimum Deposit: $100 minimum stated, though $500+ recommended for better risk management given scalping’s sensitivity to account size and drawdown recovery

Risk Mitigation: Use recommended low-spread brokers (Exness, HTFX mentioned) and low-latency VPS hosting to minimize execution delays critical for scalping success.

Review of M4Scalp EA

M4Scalp EA offers automated scalping convenience with impressive backtest metrics, but suffers from unreliable testing methodology and complete strategy opacity, requiring significant broker optimization.

Backtest Highlights with Cautions:
• EURUSD H1: 233,720.61 total profit, 9.99 profit factor – But 1.34% max drawdown understated due to crude testing

• GBPUSD H1: 487,346.37 total profit, 8.53 profit factor – Control points method invalidates reliability

• 805-1,216 total trades across tests – Short 5-month testing period raises over-fitting concerns

Is M4Scalp EA the Right Choice For You?

• Hands-off automation appeal – Perfect for busy professionals seeking passive trading, but requires blind trust in undisclosed strategy logic

• Low barrier to entry – $100 minimum makes scalping accessible to smaller accounts, though higher deposits provide better risk cushion for drawdown periods

• Simplified setup process – Minimal configuration compared to complex multi-strategy EAs, but lack of customization limits adaptation to different market conditions

• Built-in risk management – Dynamic lot sizing and trailing stops provide some protection, yet absence of maximum drawdown limits or stop-loss transparency creates uncertainty

• Broker-dependent performance – Unlike trend-following EAs, this scalper’s success heavily depends on execution quality, making broker selection critical and potentially limiting platform options

Final Verdict

M4Scalp EA suits traders prioritizing simplicity over strategy transparency, but unreliable backtests and scalping dependencies make it unsuitable for risk-averse users seeking verified performance.

M4Scalp EA MT4 Download Contents:

• Link download experts:
  • M4Scalp EA MT4.ex4
• Presets:
  • All Pair_Autolot.set