Introduction Welcome to the MT5 Scalping EA! This Expert Advisor is designed for session-based scalping during low-volatility market periods. It combines averaging and optional martingale strategies with robust risk management features to protect your capital. Important: This EA is NOT designed to run 24/5. Optimal performance is achieved by running it 1-2 hours per day during low-volatility sessions.

Strategy Overview Core Strategy Components 1. AVERAGING The EA opens additional positions to average down the entry price when the market moves against the initial trade Helps recover from drawdowns by reducing the break-even point Works best in ranging or low-volatility conditions 2. MARTINGALE (Optional) Increases lot size on subsequent trades in a series Can be completely disabled if you prefer fixed lot sizing When enabled, helps recover losses faster 3. RISK PROTECTION FEATURES Max Loss Limit: Automatically stops trading when specified loss amount is reached Cooldown Period: Prevents overtrading by pausing after profit targets are hit Trade Limits: Controls maximum number of simultaneous positions

Installation Guide Step 1: Download and Install Download the EA file (.ex5) from your purchase confirmation email Open MetaTrader 5 Go to File → Open Data Folder Navigate to MQL5 → Experts Copy the EA file into the Experts folder Restart MetaTrader 5 Step 2: Attach to Chart Open a chart for your desired currency pair (recommended: XAUUSD, EURUSD, GBPUSD, USDJPY) Drag and drop the EA from the Navigator window onto the chart Enable AlgoTrading (button in the toolbar must be green) Check that the EA shows a Hat icon in the top-right corner of the chart Step 3: Verify Settings Double-Click the Hat icon in the top-right corner of the chart to review and configure all parameters Click OK to save

EA Settings & Parameters 1. LOT SIZE SETTINGS Initial Lot Size Description: Starting lot size for the first trade Recommended: 0.01 for accounts under $500 | 0.02-0.05 for accounts $1,000-$5,000 Enable Martingale Description: Enables or disables lot size multiplication Maximum Lot Size Always set this based on your account size and risk tolerance 2. RISK MANAGEMENT Maximum Loss (USD) Description: Maximum allowed loss in dollars before EA stops trading Recommended: 2-5% of account balance Example: For a $1,000 account, set to $20-$50 Critical: This is your safety net - never disable this! Maximum Trades Per Setup Description: Maximum number of averaging positions in a single direction (BUY or SELL) Recommended: 3-4 trades Warning: Higher values increase risk exposure significantly Averaging Distance (Points) Description: Price distance (in pips) between averaging trades Recommended: 300-1000 points for XAUUSD Important: Smaller values = more frequent averaging = higher risk Take Profit (Points) Description: Profit target in points for the entire position series Recommended: 250-500 pips for scalping Note: Applied to the averaged position, not individual trades 3. COOLDOWN PERIOD Cooldown After TP (Minutes) Description: Waiting period after a Take Profit is hit before opening new trades Recommended: 2-5 minutes Purpose: Prevents overtrading 4. TRADE DIRECTION CONTROLS Enable BUY Trades Options: TRUE / FALSE Description: Allows the EA to open BUY positions Use Case: Disable if you only want to trade in one direction Enable SELL Trades Options: TRUE / FALSE Description: Allows the EA to open SELL positions Use Case: Disable if you only want to trade in one direction Trading Both Directions Simultaneously Allows BUY and SELL positions at the same time Recommended: (avoid hedging unless you understand the risks)

✅ DO's 1. START WITH DEMO ACCOUNT Always test the EA on demo for at least 1-2 weeks before going live Use the same settings you plan to use on your live account Monitor how the EA handles different market conditions 2. SET MAXIMUM LOSS LIMIT Never disable the Max Loss protection Set it to 2-5% of your account balance This is your emergency brake - use it! 3. USE PROPER LOT SIZING Start with minimum lots (0.01) on demo Gradually increase only after consistent results Never risk more than 2-5% per trade series 4. MONITOR REGULARLY Constantly check the EA during your trading session Review daily performance and adjust if needed Keep a trading journal of settings and results 5. TEST NEW SETTINGS ON DEMO Any time you change settings, test on demo first Don't experiment with live money Document what works and what doesn't 6. DISABLE DURING HIGH-IMPACT NEWS Check economic calendar daily Turn off EA 30 minutes before major news (NFP, CPI, Interest Rate decisions) Re-enable after volatility settles (30-60 minutes post-news) 7. USE ECN/STP BROKERS Choose brokers with low spreads and fast execution Avoid market maker brokers if possible Test execution quality on demo first 8. START WITH ONE CURRENCY PAIR Master the EA on XAUUSD or EURUSD first Different pairs may need different settings 9. RESPECT THE COOLDOWN PERIOD Let the EA rest after hitting profit targets Prevents overtrading and emotional decisions 2-5 minutes is usually sufficient ❌ DON'Ts 1. DON'T RUN 24/5 This EA is NOT designed for continuous operation Running outside recommended hours will lead to poor results Volatile markets will trigger excessive averaging 2. DON'T DISABLE MAX LOSS PROTECTION Never, ever disable the MaxLossUSD setting This is your last line of defense One bad day without this can wipe out your account 3. DON'T USE EXCESSIVE MARTINGALE Multipliers above 2.5 are extremely dangerous Can lead to exponential loss if market trends strongly When in doubt, disable martingale entirely 4. DON'T OVERTRADE Don't set MaxTradesPerSetup above 6 More trades = more exposure = higher risk Quality over quantity 5. DON'T TRADE DURING HIGH-IMPACT NEWS NEVER leave the EA running during: NFP (Non-Farm Payroll) Interest Rate Decisions CPI/Inflation Reports GDP Releases Central Bank Speeches Spreads widen, slippage increases, volatility spikes 6. DON'T USE ON EXOTIC PAIRS Stick to major pairs: XAUUSD, EURUSD, GBPUSD, USDJPY, USDCHF Exotic pairs have wider spreads and unpredictable volatility Slippage on exotics can destroy scalping profits 7. DON'T RUSH TO LIVE TRADING Minimum 1 week demo testing required Don't go live just because you had one good day Patience now = profits later 8. DON'T USE INADEQUATE ACCOUNT BALANCE ON STANDARD DOLLAR ACCOUNTS Minimum $500 recommended otherwise use Cent account for as low as $5-10 Under-capitalized accounts can't survive drawdowns More capital = more flexibility = better risk management 9. DON'T ENABLE HEDGING (UNLESS EXPERIENCED) Simultaneous BUY and SELL positions are complex Can double your risk exposure Most traders should keep trading in one direction 10. DON'T IGNORE DRAWDOWNS If you hit MaxLoss multiple days in a row, STOP Review your settings, market conditions, and broker Don't "revenge trade" by increasing lot sizes 11. DON'T SET UNREALISTIC EXPECTATIONS This is not a "get rich quick" system Target 10-30% monthly returns, not 100% Consistency matters more than occasional big wins 12. DON'T MIX WITH MANUAL TRADING Don't manually interfere with EA's trades Closing trades early disrupts the averaging logic Let the EA execute its strategy completely 13. DON'T USE DURING LOW LIQUIDITY Avoid trading during holidays (Christmas, New Year) Weekend gaps can trigger unwanted positions Turn off EA during extended holidays 14. DON'T SHARE YOUR ACCOUNT Each license is for a particular duration Running on multiple accounts does not violates terms Reselling can result in license deactivation

EA Not Opening Trades Possible Causes: ☑️ AlgoTrading is disabled (button not green) ☑️ Outside of trading hours (check Start/End Hour settings) ☑️ Cooldown period is active ☑️ MaxTradesPerSetup limit reached ☑️ Buy/Sell direction is disabled ☑️ Insufficient account balance for minimum lot size ☑️ Broker doesn't allow Expert Advisors

General Questions Q: Can I run this EA 24/5? A: No. This EA is designed for 1-2 hour sessions during low-volatility periods. Running it 24/5 will result in poor performance and increased losses. Q: What's the expected monthly return? A: With proper settings and conditions, 20-40% monthly is realistic. Higher returns come with significantly higher risk. Q: Do I need a VPS? A: Not recommended. Q: Which currency pairs work best? A: XAUUSD, EURUSD, GBPUSD, and USDJPY are recommended. These have tight spreads and good liquidity during Asian sessions. Q: Can I use this on a cent account? A: Yes, but adjust your lot sizes accordingly (multiply by 100). For example, use 1.0 lots on a cent account = 0.01 lots on a standard account.

Q: Should I use martingale? A: Only if you have adequate capital and understand the risks. Q: How many trades can be open at once? A: Depends on your MaxTradesPerSetup setting. Recommended at 3 or 4 for both BUY and SELL (hedging disabled), Q: What happens if I hit MaxLoss? A: The EA immediately stops opening new trades. Existing trades are closed. The EA remains inactive until cooldown time is completed, disable AlgoTrading if you want to stop further trading). Q: Can I change settings while EA is running? A: Yes, but changes only affect new trades. Existing positions continue with original settings. It's safer to restart the EA after major changes.

Q: Why does the EA average down? A: Averaging reduces the break-even point, making it easier to exit profitably when the market reverses. This works in ranging conditions but is risky in volatile conditions. Q: How do I know if I'm trading at the right time? A: Check your broker's spread during your intended hours. If EURUSD spread is 1-2 pips and price isn't moving erratically, conditions are good. Q: Should I trade every day? A: No. Skip days with high-impact news or when market conditions look unfavorable. Quality over quantity. Q: What if the market trends strongly against me? A: This is the biggest risk with averaging strategies. Your MaxLoss will protect you, but drawdown can be significant before they trigger. This is why conservative settings are crucial.

This EA is a powerful tool, but like any trading system, it requires: Proper setup and configuration Disciplined execution Realistic expectations Continuous monitoring and adjustment Success with this EA comes from understanding its strengths and limitations, using conservative settings, and operating it during optimal market conditions. Remember: No EA can guarantee profits. Always use proper risk management, never risk money you can't afford to lose, and start with demo trading until you're completely comfortable with the system. Good luck and trade responsibly!