EURO Scalper EA V1.0 MQ4

Ever wanted to build your own forex bot but didn’t know where to start? Well, here’s your golden entry point—the EURO Scalper EA V1.0 Source Code for MT4 is now available 100% free, with editable MQ4 format.

Designed specifically for EURUSD scalping on M1 and M5, this EA comes packed with a clean strategy logic that’s easy to understand, customize, and improve. Whether you’re just getting into MQL4 development or a seasoned EA tweaker, this code offers the perfect base for your own high-frequency bot.

What Is EURO Scalper EA V1.0?

No martingale

No grid

No excessive drawdown

Just pure scalping logic built for tight spreads

Key Features of EURO Scalper Source Code

MQ4 Format – Fully editable and clean code

Optimized for EURUSD – Best performance on M1 and M5 timeframes

Non-Martingale Strategy – Zero risky multipliers

Includes TP, SL, and Trailing Logic – With adjustable inputs

Session Filter Option – Time-based filter available for low-spread sessions

No Third-Party Indicators – All logic coded internally

Low Spread-Friendly – Ideal for ECN/STP brokers

Built for High-Frequency Scalping – Quick profit exits

Customizable Risk Settings – Percentage-based or fixed lot

Perfect for Coders and Manual Tweakers – Add filters, indicators, or custom logic

Prop Firm Ready – With proper tuning, can fit FTMO/MFF rules

Free for Life – No license, no expiration

Inside the Code: Strategy Overview

Entry:
→ Trend confirmation using fast/slow EMA crossover
→ Optional RSI overbought/oversold condition
→ Volatility filter to avoid flat markets

Exit:
→ Fixed TP and SL
→ Optional trailing stop for runners
→ Emergency close if spread exceeds threshold

Risk:
→ Fixed lots or dynamic risk % based on balance
→ Built-in spread protection and time filter

The code is modular, so developers can plug in new logic like:

Indicator buffers

Custom candle patterns

ATR-based stop loss

News filter integrations

Performance Snapshot (Default Logic)

Pair: EURUSD

Timeframe: M5

Period: Jan 2022 – Jan 2024

Initial Deposit: $1,000

Net Profit: ~$1,480

Drawdown: ~5.8%

Win Rate: ~72%

Profit Factor: 1.6

How to Use the Source Code

Step 1: Download the EA

???? Download EURO Scalper EA V1.0 MQ4

Step 2: Open in MetaEditor

Launch MetaTrader 4

Go to Tools → MetaQuotes Language Editor

Open the downloaded .mq4 file

Step 3: Compile the Code

Click “Compile”

The .ex4 file will generate automatically

Fix any warnings if needed (minimal in this code)

Step 4: Attach EA to EURUSD Chart

Open EURUSD on M1 or M5

Enable AutoTrading

Set your preferred risk, TP/SL, and filters

Step 5: Customize (Optional)

Add your own logic: indicators, custom filters, news handling, etc.

Re-compile the EA after each change

What Can You Build With This?

???? Add Moving Average Filter – Only trade above or below 200 EMA
???? Insert MACD or CCI Confirmation – Prevents bad entries
???? Add Prop-Firm Drawdown Guard – Equity-based stop-outs
???? Link with Telegram Alerts – For manual confirmation
???? Turn into a Gold/Indices Bot – Change logic for XAUUSD or NAS100