555 Scalper
Dual 5-EMA scalper · M5 · Trailing SL/TP · Free MQL5 Code Base · MT4
About 555 Scalper
The 555 Scalper, created by developer aharontzadik1 and distributed free in the MQL5 Code Base, is an Expert Advisor for MetaTrader 4 that trades using two 5-period exponential moving averages. It includes a built-in trailing stop-loss and take-profit system, and works on the 5-minute (M5) timeframe across major forex pairs as well as NASDAQ stocks.
The EA trades only using the price of the open candle, and includes a customisable "IncreaseFactor" parameter that controls whether lot size increases after a losing trade.
- Platform: MetaTrader 4
- Developer: aharontzadik1
- Strategy: Dual 5-period EMA crossover scalping
- Timeframe: M5
- Markets: Major forex pairs, NASDAQ stocks
- Risk tools: Trailing stop-loss/take-profit, adjustable IncreaseFactor for post-loss sizing
- Price: Free (MQL5 Code Base)
- Source: mql5.com/en/code/23503 · 555 Scalper
Key Features
✓ Free, open-source (MQL5 Code Base) — full source code available
✓ Simple, transparent dual-EMA strategy — easy to understand and audit
✓ Built-in trailing SL/TP for automated risk management
⚠ The IncreaseFactor (lot-increase-after-loss) option resembles a martingale-style mechanic — understand the added risk before enabling it