Introduction
Are you tired of overpriced or underperforming Forex robots? Looking for a free Expert Advisor that actually delivers consistent returns with controlled risk? OtmScalpHedge EA V1.2 MT4 is here to answer that call. Designed specifically for MetaTrader 4, this EA combines a sleek scalp-trading algorithm with an intelligent hedge mechanism to protect your capital. Whether you’re new to automated trading or an experienced quant, OtmScalpHedge EA offers a plug-and-play solution: simply attach it to your chart, set your parameters, and watch it scout for tiny intraday moves—hedging positions automatically to keep drawdown low. In this post, we’ll dive deep into how the EA works, explore its standout features, share real backtest results, and guide you through installation, optimization, and upgrade options. Ready to scalp smarter? Let’s jump in.
Overview
OtmScalpHedge EA V1.2 MT4 was built to bridge the gap between aggressive scalp trading and conservative risk management. Unlike EAs that rely on martingale or grid strategies, OtmScalpHedge employs a no-martingale, fixed-risk approach: it opens scalp trades on small price oscillations and immediately hedges them if price moves against you. This dual-leg method locks in micro-profits while capping potential losses.
Key highlights of the strategy include:
- Intraday focus on M1–M15 timeframes for swift entries and exits.
- Dynamic lot sizing tied to your account balance, ensuring position sizes scale with equity.
- Time and news filters that avoid trading during major economic events or low-liquidity sessions.
- Customizable parameters for take profit, stop loss, hedge distance, and more—giving you full control.
Our development team backtested OtmScalpHedge across multiple currency pairs (EURUSD, GBPUSD, USDJPY) and varied market conditions from 2018 to 2023. The result? A robust scalp hedge EA that targets 1–2% daily returns with max drawdown under 5%. Best of all, it’s completely free to download and deploy on your MT4 platform.
Key Features
- Scalp & Hedge Algorithm: Opens quick scalp trades and hedges against adverse moves.
- No Martingale: Maintains consistent risk per trade without exponential lot increases.
- Daily Profit Target: Aims for 1–2% daily returns under normal market conditions.
- Max Drawdown Control: Automatically pauses trading if drawdown exceeds your set limit.
- Dynamic Lot Sizing: Adjusts position size based on real-time account equity.
- News & Time Filters: Skips trades around major economic releases and off-hours.
- Multi-Pair Support: Trade EURUSD, GBPUSD, USDJPY, and more simultaneously.
- Custom TP/SL Settings: Fine-tune take profit, stop loss, and hedge distance per pair.
- Built-In Trailing Stop: Locks in profits as trades move in your favor.
- One-Click Optimization: Easy parameter tuning via MT4’s built-in optimizer.
How It Works
OtmScalpHedge EA’s core logic revolves around two synchronized processes:
- Scalp Signal Generation: The EA monitors short-term volatility using a combination of moving average crossovers and momentum oscillators on M1–M15 charts. When a valid scalp signal appears, it opens a market order toward the expected direction.
- Hedge Activation: If price retraces beyond your defined “hedge distance,” the EA instantly opens an opposite trade at the same size. This hedged position caps your loss on the original scalp order and gives price room to revert back into profit territory.
By constantly resetting both legs as price swings, OtmScalpHedge locks in micro-gains while preventing runaway losses. You’ll rarely see drawdowns exceed your configured threshold—even in choppy markets.
Backtest Results & Proof
We conducted a rigorous backtest on EURUSD (M5) from January 2018 to December 2023 using 99% tick data simulation. Key statistics:
- Net Profit: +1,250%
- Profit Factor: 1.85
- Max Drawdown: 4.3%
- Total Trades: 14,732
- Average Win/Loss: 1.2% / 1.0%
In live-demo testing over six months on a $1,000 account, the EA delivered a steady 1.1% average monthly return, with drawdown never exceeding 3.8%. A risk vs. reward infographic further illustrates how the hedge leg neutralizes adverse spikes while locking in profits.
Optimization Tips
Before running on a live account, it’s wise to optimize inputs in MT4’s Strategy Tester:
- Hedge Distance: Test values between 10–30 pips to suit your broker’s spread.
- Time Filter: Disable trading 15 minutes before/after major news.
- Lot Sizing: Use “Percent of Balance” mode (1–2%) for conservative growth; switch to fixed lots if you prefer predictability.
- Currency Selection: EURUSD and GBPUSD tend to be more liquid; test exotic pairs only after you’re comfortable with settings.
Always run forward tests on a demo account for at least two weeks to verify stability under current market conditions.
How to Install & Configure
- Download the EA: Grab
OtmScalpHedgeEA.ex4from the official download page. - Copy to Experts: Place the file into your MT4 installation’s
MQL4/Expertsfolder. - Restart MT4: Relaunch the platform so your new EA appears in the Navigator panel.
- Attach to Chart: Open an M5 EURUSD chart (or your preferred pair), drag the EA onto it.
- Load Recommended Settings: Click “Inputs,” then load
OtmScalpHedge_Default.set. - Enable AutoTrading: Ensure the AutoTrading button is green.
Why Choose OtmScalpHedge EA?
With so many EAs on the market, here’s what sets OtmScalpHedge apart:
- Free & Open: No hidden fees or subscriptions—ever.
- Regular Updates: Our dev team pushes bug fixes and enhancements monthly.
- Community-Driven: Join our user forum to share settings and insights.
- Robust Support: Direct line to our devs via WhatsApp & Telegram.
- Transparent Results: We publish backtest logs and live results publicly.
Learn more about our mission and team on our About Us page.
Support & Disclaimer
If you hit any bug or need help configuring the EA, ping us on WhatsApp or Telegram:
- WhatsApp: https://wa.me/+443300272265
- Telegram: https://t.me/yoforexrobot
Disclaimer: Past performance is no guarantee of future results. Forex trading carries risk; trade responsibly, and always demo-test before deploying on a live account.
Call to Action
Ready to tame volatile markets with a proven scalp hedge bot? Download OtmScalpHedge EA V1.2 MT4 now and start automating your trades with precision. Join hundreds of satisfied traders who’ve unlocked smarter scalp hedging—no cost, no catch!
⚡️Upgrade
Unlock Pro features with OtmScalpHedge EA Pro:
- Advanced signal filters
- Multi-timeframe analytics
- In-depth performance reporting
- Priority developer support
Upgrade to Pro
