
Model 3.0
Creator: Simon Draxler
Activations: 5
1. Introduction
ScalpingThink is a completely automated, bidirectional scalping system for MetaTrader 5, designed for exact entries, fast revenue taking, and most management.
The objective: short-term, managed income via exactly outlined setups β protected , environment friendly and predictable .
The system was particularly developed for merchants who function on the M1 timescale and require the best precision in entries, stops, and commerce administration.
ScalpingThink works with out a grid and with out a Martingale , every place is opened individually and in keeping with clear guidelines.
2. Primary Options
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No grid, no martingale β each place is impartial
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Fastened cease loss + digital trailing cease for optimum safety
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A number of trailing cease variants for versatile revenue safety
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Security buffer protects the margin and prevents overload
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Time filter & unfold filter for clear entries solely in optimum market phases
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Computerized lot sizes or mounted tons
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Computerized GMT detection
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Choice: No stopping over the weekend
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Customized cease loss
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Magic Quantity & Feedback for full dealer management
3. Scalping Logic
ScalpingThink relies on a rule-based logic for exact opening of positions on the M1 timeframe .
The system combines:
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Time filter to be lively solely in outlined buying and selling phases
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Unfold filter to keep away from dangerous market situations (e.g. information)
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Security mechanisms to guard capital and decrease drawdown
Every place receives a set cease loss and is managed by way of a digital, dynamic trailing cease .
The EA can open each lengthy and quick positions (bidirectional), relying on market situations and filter parameters.
4. Commerce Administration
4.1 Fastened cease loss
Every place is opened with a clearly outlined cease loss β no matter market volatility.
4.2 Digital Trailing Cease
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Dynamic trailing cease manages trades within the background
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A number of variants (e.g. traditional, step-by-step, dynamic based mostly on revenue) out there
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Objective: most revenue safety with minimal threat
4.3 Security Buffer
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Controls open positions
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Limits threat, protects fairness
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Prevents account overload on account of too many simultaneous trades
5. Really helpful Markets & Settings
parameter | Advice |
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Timeframe | M1 |
Devices | EURUSD, GBPUSD, USDJPY, NASDAQ 100, DAX, Dow Jones |
Technique sort | Brief-term scalping |
Dealer | ECN/STP with tight unfold |
6. Technique in Reside Operation
In stay operation, ScalpingThink consistently analyzes market situations:
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Checks unfold
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Checks buying and selling time home windows
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Assesses market volatility
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Opens positions solely beneath optimum situations
Open positions are managed robotically:
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Dynamic adjustment via trailing cease
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Quick closure on cease loss or trailing hit
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No place multiplication (no grid)
7. EA Panel
The buying and selling panel reveals all vital data at a look:
The panel could be minimized or disabled.
β οΈ Vital: Disable the panel in backtests to keep away from efficiency delays. The buying and selling logic stays lively.
8. Parameters & Settings Defined
parameter | sort | Description |
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Magic Quantity | Quantity | Distinctive identifier for ScalpingThink trades |
EA Remark | textual content | Remark added to every order |
Lot Measurement Mode | Auto / Guide | Computerized or mounted lot dimension |
Guide Lot Measurement | Quantity | Fastened lot dimension when “Guide” is lively |
Cease Loss (pips) | Quantity | Fastened cease per commerce |
Trailing Cease Mode | Choice | Completely different trailing methods |
Unfold Filter | Quantity | Most unfold for entry |
Time Filter | True/False | Permits time-based filters |
Weekend Shut | True/False | No trades over the weekend |
Security Buffer | True/False | Prompts threat safety |
Panel Show | True/False | Toggles on-chart panel on/off |
9. Set up & Setup
1οΈβ£ Copy EA to the MQL5/Consultants folder
2οΈβ£ Restart MetaTrader 5
3οΈβ£ Drag ScalpingThink onto the M1 chart of the specified instrument
4οΈβ£ Activate AutoTrading
5οΈβ£ Alter parameters (lot dimension, trailing cease, filter, and so forth.)
6οΈβ£ Depart the chart open, EA works robotically
10. Finest Practices
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Use ECN brokers with tight spreads
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No information trades β unfold filter protects, however nonetheless examine time filter
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Use VPS for twenty-four/7 operation
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Begin with low threat and improve with steady efficiency
11. Observe on the demo model
The demo is absolutely practical, however with the panel enabled the backtest might run slower.
For fast exams: Disable panel .
12. Help & Contact
Developer: Simon Draxler
Contact: by way of MQL5 profile
Please learn this information rigorously and assessment all feedback in EA Settings earlier than contacting help.
Suggestions and solutions for enchancment are welcome!
Good luck and protected scalping with ScalpingThink !