MForex Smart Scalper
XAUUSD-focused scalper v4.0/5.0 · M5 · Fixed lot · Trailing stop · MT4
About MForex Smart Scalper
The MForex Smart Scalper (versions 4.0 and 5.0, MQ4 source code available), documented at theforexgeek.com, thetradelovers.com, forexeafree.com, and forex-station.com, is an Expert Advisor for MetaTrader 4 optimised for the 5-minute (M5) timeframe, with a particular focus on the XAUUSD (Gold) pair.
It includes a stop-loss and trailing-stop feature to manage potential losses, and uses a fixed lot size that remains constant for every trade. It trades only one currency pair, which limits diversification but keeps the strategy focused. It does not perform well in choppy market conditions with limited price gaps, and relies heavily on fast order execution and low spreads — slippage or requotes can meaningfully reduce profits. The EA cannot be backtested. Community forums have noted counterfeit versions circulating, so sourcing from reputable vendors matters.
- Platform: MetaTrader 4
- Timeframe: M5
- Pair: XAUUSD (single-pair focus)
- Lot sizing: Fixed (not dynamic)
- Risk tools: Stop-loss and trailing-stop
- Requires: Fast execution, low spreads
- Versions: 4.0 and 5.0 (source code and compiled available)
- Source: theforexgeek.com · Mforex Smart Scalper