Introduction
In the fast-paced world of forex, scalping stands out as one of the most demanding yet rewarding strategies. Traders aiming to capture small price movements need lightning-fast analysis and execution—two areas where human emotion often becomes a liability. Enter RM Scalper EA v1.0 MT4, an automated trading robot engineered specifically for the M15 AUDCAD market. By combining emotion-free decision-making with advanced strategies like Super Scalper, Average Price, and Support & Resistance, RM Scalper EA delivers consistent, repeatable results. Boasting a 75% win rate in backtests, this EA transforms a modest $2,000 deposit into over $6,100 of profit in just seven months.
What Is RM Scalper EA v1.0 MT4?
RM Scalper EA v1.0 is a MetaTrader 4 Expert Advisor designed to optimize scalping strategies on the AUDCAD pair. Scalping demands precision: entries and exits must be executed in milliseconds to lock in micro-profits before the market reverses. RM Scalper EA handles all market scans automatically—monitoring price action, identifying optimal entry points, and managing open positions without hesitation or fear. By operating strictly on the M15 timeframe, it balances speed with reliability, minimizing false signals while maximizing trade frequency.
Key Strategies & Features
1. Super Scalper Engine
- Scans tick-by-tick momentum and volatility indicators.
- Opens and closes positions within seconds, targeting 5–10 pips per trade.
2. Average Price Algorithm
- Calculates dynamic entry levels based on volume-weighted average price (VWAP).
- Ensures entries occur at optimal price zones, reducing slippage.
3. Support & Resistance Detection
- Automatically plots significant horizontal levels from recent swing highs and lows.
- Executes trades only when price interacts with these zones, improving win probability.
4. Emotion-Free Execution
- Removes human bias—no hesitation on entries, no panic on exits.
- Applies fixed risk parameters per trade, ensuring consistency.
5. Advanced Risk Management
- Implements trailing stops and break-even locks to protect profits.
- Adapts lot size dynamically based on account equity and volatility.
6. Flexible Configuration
- User-friendly input panel in MT4 for lot sizing, stop loss, and take profit.
- Optional news filter to avoid trading during major economic releases.
Backtest Results
In a rigorous seven-month backtest on AUDCAD (January 1 to July 31, 2024), RM Scalper EA transformed an initial $2,000 balance into $6,100 of net profit—a 305% return on investment. Key statistics include:
- 75% win rate across 480 executed trades.
- Average profit per trade: 12 pips.
- Maximum drawdown: 4.2% of account equity.
- Sharpe ratio: 2.05, indicating robust risk-adjusted performance.
These results underscore the EA’s ability to capitalize on small price moves while preserving capital through disciplined risk controls.
How It Works
- Initialization: Upon loading on an AUDCAD M15 chart, the EA reads user-defined parameters (lots, SL/TP, risk %).
- Market Scanning: Every tick, it evaluates momentum oscillators (e.g., RSI, Stochastic) alongside price action at key support/resistance levels.
- Signal Generation: When conditions align—momentum shift + price at a support/resistance zone—the EA places pending orders just beyond the zone.
- Order Execution: If the pending order is triggered, the EA immediately sets a stop loss a few pips away and a take profit based on average true range (ATR).
- Trade Management: As the trade progresses, a dynamic trailing stop engages once the position is in profit by a user-defined threshold.
- Exit & Reset: On hitting SL, TP, or trailing stop, the EA closes the position and resets, ready to scan for the next opportunity.
Installation & Configuration
- Upload to MT4: Copy
RM_Scalper_EA_v1.0.ex4into yourMQL4/Expertsfolder. - Restart MT4: Close and reopen MetaTrader 4 to load the new EA.
- Attach to Chart: Drag “RM Scalper EA v1.0” onto an AUDCAD M15 chart.
- Input Settings:
- Risk % per trade: Default 1.5%
- Lot size: Auto-calculate based on risk, or set manually (min 0.01)
- Stop Loss / Take Profit: Default SL: 15 pips, TP: 10 pips
- News Filter: Enable to pause trading 15 minutes before/after major releases
5. Enable AutoTrading: Click the “AutoTrading” button on the MT4 toolbar.
After setup, monitor the “Experts” tab for live signals and ensure the EA has green status (no errors).
Risk Management & Minimum Requirements
- Minimum Deposit: $1,000 recommended; $2,000+ for optimal lot sizing and drawdown control.
- Leverage: 1:100 or higher to allow flexible position sizing.
- Account Type: ECN or STP with low spreads on AUDCAD (≤1.2 pips).
- Max Daily Trades: Approximately 3–5, depending on market volatility.
- Drawdown Control: EA halts trading if daily drawdown exceeds 3%.
Always demo-test in your broker environment before deploying on a live account.
Support & Contact
For setup assistance or strategy customization, visit our support page at www.yoforexea.com/support or email support@yoforexea.com. Our team is available 24/5 to help you optimize RM Scalper EA for your trading goals.
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