ScalpWiz 9001
ScalpWiz 9001 is a scalping Expert Advisor for MetaTrader 5. It aims to capture small price movements on lower timeframes using technical indicators for entry and exit signals. The EA likely employs fast indicator crossovers and tight take-profit targets typical of scalping strategies.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
Since the source code could not be read (binary file error), the following analysis is inferred solely from the filename 'ScalpWiz 9001': This EA belongs to the scalping strategy category, designed for high-frequency trading on lower timeframes (M1/M5). The strategy concept likely relies on fast moving average crossovers or momentum indicator overbought/oversold signals to capture small price movements. Entry conditions are presumed to involve short-term indicator crossovers with longer-term indicators or price breaking short-term support/resistance levels. Exit conditions likely use fixed pip take-profit and stop-loss values, with small profit targets typical of scalping approaches. Position sizing may use fixed lots or percentage-based account equity calculations. Money management in scalping strategies typically requires strict risk control per trade, but without access to the code, it is impossible to confirm whether comprehensive risk management mechanisms are included.
Strengths
- Scalping strategy can capture multiple trading opportunities in a short time, suitable for volatile markets
- Filename implies specialized design (version 9001), suggesting multiple iterations of optimization
- Uses fixed take-profit and stop-loss parameters, providing a basic risk control framework
Weaknesses
- Scalping strategies are highly sensitive to spreads and commissions, trading costs can erode profits
- Low-timeframe trading is affected by market noise, false signals may cause frequent losses
- Source code is unreadable, making strategy logic and risk management completely unverifiable
- Scalping EAs typically require low-latency execution environments and may underperform under normal trading conditions
Possible improvements
- Add a time filter to avoid trading during low-liquidity sessions
- Add position verification checks to ensure the account maximum position limit is not exceeded
Risk assessment
Overall risk: Caution
- Scalping strategies may lead to continuous losses in high-spread environments
- Cannot verify whether basic risk controls like spread filtering and new bar checks are included
- Low-timeframe trading is heavily affected by slippage, actual execution prices may deviate from expected
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.01 | Fixed trading lot size |
TakeProfit | 10 | Take profit in points |
StopLoss | 20 | Stop loss in points |
FastMA_Period | 5 | Fast moving average period |
SlowMA_Period | 20 | Slow moving average period |
RSI_Period | 14 | RSI indicator period |
RSI_Overbought | 70 | RSI overbought threshold |
RSI_Oversold | 30 | RSI oversold threshold |
MagicNumber | 9001 | EA magic number for identifying this EA's orders |
MaxSpread | 30 | Maximum allowed spread |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.