Snake Sclaper EA MT5 (Official version) | Unbounded

Product Overview

Snake Scalper EA MT5 is a fully automated Expert Advisor designed for scalping and breakout trading on the MetaTrader 5 platform. It uses an optimization-based breakout strategy with pending stop orders to enter the market when predefined price conditions are met.

Instead of relying solely on immediate market orders, Snake Sclaper EA MT5 places pending orders at configured price levels, allowing the trading system to respond automatically when a potential breakout occurs. Its Trigger Trailing Stop (TLS) functionality provides an additional trade management mechanism designed to help protect open profits as the market moves in a favorable direction.

The EA supports adjustable trading parameters, including fixed lot sizing, risk percentage, Take Profit, Stop Loss, trailing stop activation levels and pending order distance. These options allow traders to adapt the configuration to their preferred trading approach and the characteristics of their selected currency pairs.

Snake Sclaper EA MT5 is recommended for EURUSD, USDJPY and GBPUSD on the H1 timeframe. It is designed to operate automatically with configurable inputs and supports pending-order trading across compatible market environments.

The EA does not use grid or martingale trading strategies, according to its product specifications. However, trading performance still depends on market conditions, broker execution, spread, slippage and the selected parameters.

For optimal testing conditions, users should consider an ECN broker with low spreads and a low-latency VPS. Before using Snake Sclaper EA MT5 on a live account, thoroughly test the EA on a demo account and validate the settings using historical data.

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About the Developer

• Author:  Quang Thang Nguyen
• Experience: Over +4 years of experience on MQL5.
• Notable Products: Snake Sclaper EA MT5 and other advisors.
• Flagship Product: Snake Sclaper EA MT5 is rated as the best performing product of the year.

>>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

Reviewed by Jason Stap <<<

Snake Sclaper EA MT5 Overview

Key Features of Snake Sclaper EA MT5

1. Fully Automated Scalping Strategy

Snake Sclaper EA MT5 automates its configured breakout trading logic, from pending order placement to trade management. Once the EA is installed and configured, it can operate without requiring manual confirmation for every trading decision.

2. Breakout Trading With Pending Stop Orders

The EA uses pending stop orders to enter trades when the market reaches predefined price levels. This approach is intended to capture potential breakout movements while avoiding entries that depend solely on immediate market execution.

Actual entry prices may vary because of gaps, slippage and broker execution conditions.

3. Trigger Trailing Stop (TLS)

The Trigger Trailing Stop function helps manage open positions by activating trailing protection after a configured trigger distance is reached. Traders can adjust the trigger points and trailing distance to suit their strategy.

The effectiveness of this feature depends on the selected parameters and the market’s price movement.

4. Flexible Lot Sizing

The EA supports two primary position-sizing methods:

• Fixed Lots: Trade using a manually specified lot size.
• Risk Percentage: Calculate position size based on a configured percentage of account balance, where supported by the EA’s risk calculation.

A risk percentage of zero is specified as the fixed-lot mode in the provided settings.

5. Adjustable Stop Loss and Take Profit

Configure Stop Loss and Take Profit in points to define planned trade exit levels. According to the available inputs, setting the corresponding value to zero disables that particular feature.

Disabling Stop Loss can expose an account to substantial losses, so protective exit settings should be carefully evaluated before trading.

6. Customizable Pending Order Distance

The Order Distance Points parameter allows users to configure the distance used by the pending-order entry logic. This setting can influence how close to or far from the current price an order is placed.

The appropriate distance depends on the currency pair, volatility, spread and intended breakout behavior.

7. Multiple Currency Pair Support

Snake Sclaper EA MT5is recommended for three major currency pairs:

• EURUSD
• USDJPY
• GBPUSD

The recommended timeframe is H1. Traders should verify the appropriate settings for each pair rather than assuming that identical parameters will produce equivalent results across all instruments.

8. Unique Magic Number and Order Comment

The EA includes a Unique Magic Number and Order Comment setting to help identify and distinguish its trades. When running multiple instances on separate charts, each instance should use a different magic number to reduce the risk of trade-management conflicts.

9. No Grid or Martingale

According to the product specifications, Snake Sclaper EA MT5 does not use grid or martingale functionality. It is therefore not designed around repeatedly adding positions to recover losses or progressively increasing position sizes through a martingale sequence.

This does not eliminate trading risk, and individual trades can still incur losses.

How It Works

Snake Sclaper EA MT5 follows a pending-order breakout approach. Its main objective is to automate trade entries and position management according to the parameters configured by the user.

Step 1: Monitor the Selected Currency Pair

Attach the EA to an H1 chart for a supported pair, such as EURUSD, USDJPY or GBPUSD. The EA monitors market prices and evaluates the conditions required by its configured trading logic.

Step 2: Calculate the Pending Order Levels

Using its breakout logic and configured Order Distance Points, the EA determines where pending stop orders should be placed. The exact calculation depends on the EA’s internal implementation and selected settings.

Step 3: Place Pending Stop Orders

When the required conditions are satisfied, the EA places pending orders at the calculated levels. If the market reaches an order’s trigger price, the broker may execute the order according to the available liquidity and execution conditions.

Step 4: Manage Position Size

The EA applies the selected lot-sizing method. Users can choose a fixed lot size or configure risk-percentage sizing, subject to the EA’s supported calculation rules.

Step 5: Apply Stop Loss and Take Profit

If enabled, the EA manages positions using the configured Stop Loss and Take Profit levels. These settings establish planned exit points but cannot guarantee execution at the exact requested price.

Step 6: Activate the Trigger Trailing Stop

Once the configured TLS trigger condition is reached, the trailing mechanism can adjust the protective stop according to the TLS Points setting. This is intended to help protect accumulated gains while allowing the position to continue moving favorably.

Step 7: Continue Automated Monitoring

The EA continues monitoring market conditions and managing its configured pending orders and positions while the trading terminal remains online and the required permissions are enabled.

The final outcome depends on the trading configuration, market volatility, execution quality, spread and other broker-specific conditions.

Why Choose Snake Sclaper EA MT5?

Automated Breakout Trading

Snake Sclaper EA MT5 is designed to automate pending-order breakout entries, reducing the need to monitor charts manually and place every order yourself.

Straightforward Trading Parameters

The EA provides adjustable inputs for lot size, risk percentage, Stop Loss, Take Profit, trailing stop activation and order distance. These settings offer users control over important aspects of trade execution and management.

Built-In Trailing Stop Functionality

The Trigger Trailing Stop feature provides an additional way to manage open positions after the market moves in a favorable direction. Traders can evaluate different trigger and trailing distances during backtesting.

Multiple Major Currency Pairs

With EURUSD, USDJPY and GBPUSD as recommended instruments, the EA can be evaluated across several major forex markets. Each pair should be tested independently to determine whether the selected parameters are suitable.

No Grid or Martingale Logic

The EA does not rely on grid or martingale functionality according to the provided product information. This may appeal to traders who prefer a breakout approach without systematic position accumulation for loss recovery.

Compatible With Automated MT5 Workflows

The EA operates within MetaTrader 5 and can be configured on separate charts for different currency pairs. Unique magic numbers help distinguish the trades managed by each instance.

Suitable for Strategy Tester Evaluation

The recommended testing approach uses the H1 timeframe and historical data beginning in 2018, with Every Tick or Every Tick Based on Real Ticks modeling where available. This gives traders a basis for evaluating historical behavior before demo or live deployment.

Snake Sclaper EA MT5 may suit traders looking for an automated pending-order breakout system with adjustable trade management. It should not be treated as a guaranteed-profit scalper, and its suitability should be established through independent testing.

Snake Sclaper EA MT5Backtest Results

• Initial Deposit: $1.000
• Total Net Profit: $12,530.26
• Win Rate: 90.91%
• Maximum Drawdown: 4.99%

Snake Sclaper EA MT5 backtets

• Initial Deposit: $1.000
• Total Net Profit: $9,506.65
• Win Rate: 86.61%
• Maximum Drawdown: 13.15%

Snake Sclaper EA backtets

Risk Management & Alerts

Effective risk management is essential when using an automated scalping EA. Snake Sclaper EA MT5 provides several configurable trade management inputs, but users remain responsible for choosing appropriate settings and monitoring account exposure.

Fixed Lot and Risk Percentage

Choose between fixed-lot sizing and the available risk-percentage option. Fixed lots provide a consistent nominal trade size, while percentage-based sizing can adjust position size according to the configured risk calculation.

Before live trading, verify how the EA calculates risk and whether the selected percentage accounts for Stop Loss distance, tick value and contract specifications.

Stop Loss Protection

Configure Stop Loss Points to establish a planned exit level for each trade. A value of zero disables Stop Loss according to the documented settings.

Using the EA without a Stop Loss may expose the account to substantial losses, particularly during fast market movements or unexpected price gaps.

Take Profit Settings

Take Profit Points define the planned profit target when the feature is enabled. Test the selected target against realistic spreads, commissions and slippage to determine whether the trading setup remains viable after transaction costs.

Trigger Trailing Stop

TLS Trigger Points determine when trailing protection becomes active, while TLS Points define the configured trailing distance. These settings should be tested together because an excessively tight trailing distance may close positions prematurely, while a wider distance may allow more profit to be given back.

Pending Order Distance

The order distance should be appropriate for the volatility and spread characteristics of each currency pair. Orders placed too close to the market may be more vulnerable to spread fluctuations or false breakouts.

Magic Number Management

Assign a unique magic number to each EA instance when running the robot on multiple charts. This helps the EA distinguish its own trades from those belonging to other instances or strategies.

Broker and VPS Considerations

A low-spread ECN broker and a low-latency VPS are recommended in the product specifications. However, actual execution quality also depends on liquidity, commission, server stability and broker policies.

Testing and Monitoring

The available product information does not specify a dedicated alert system. Users should check the EA’s documentation and MT5 logs for supported notifications and error messages.

Before live deployment:

• Test each currency pair independently.
• Evaluate maximum drawdown and losing streaks.
• Include spreads, commissions and slippage in testing where possible.
• Confirm that Stop Loss and trailing stop rules behave as expected.
• Test pending-order placement and cancellation.
• Run the EA on a demo account before committing real capital.

No automated risk control can guarantee a maximum loss under all market and execution conditions.

Pros and Cons

Pros

• Fully automated trading: Executes the configured trading logic without requiring manual order placement for each signal.
• Pending-order breakout strategy: Uses stop orders to enter when predefined price levels are reached.
• Adjustable trading parameters: Supports customizable lot size, risk percentage, Stop Loss, Take Profit and order distance.
• Trigger Trailing Stop: Provides configurable trailing protection for open positions.
• Multiple major forex pairs: Recommended for EURUSD, USDJPY and GBPUSD.
• H1 timeframe recommendation: Provides a defined starting point for strategy testing.
• No grid or martingale: Does not use grid-based recovery or martingale position escalation.
• Trade identification controls: Includes magic number and order comment settings.
• Suitable for historical testing: Can be evaluated using MT5 Strategy Tester modeling options.

Cons

• No guaranteed profitability: Breakout strategies can experience false signals and losing periods.
• Broker execution matters: Spread, slippage, commission and latency can materially affect scalping results.
• Requires pair-specific testing: Settings that work on one currency pair may not be suitable for another.
• Trailing stop sensitivity: Poorly chosen TLS parameters may close trades too early or allow excessive profit giveback.
• Limited documented strategy details: The provided description does not fully explain the internal optimization algorithm or exact signal-generation rules.
• Zero Stop Loss setting increases risk: Disabling the Stop Loss can leave trades exposed to large adverse movements.
• Demo testing is necessary: Live performance may differ from historical backtests.
• VPS recommended: Continuous operation and stable connectivity are important for automated trade management.

How to Install Snake Sclaper EA MT5

Follow these steps to install and configure Snake Scalper EA MT5 on MetaTrader 5.

setting

Step 1: Download the EA

Obtain Snake Sclaper EA MT5 from the official product source or authorized MetaTrader Market listing. Use the correct version for MetaTrader 5.

Step 2: Open MetaTrader 5

Launch MT5 and log in to your trading account. A demo account is recommended for initial setup and testing.

Step 3: Install the EA

If the EA is purchased through the MetaTrader Market, locate it in your purchased products and follow the platform’s installation process.

If you receive a compatible .ex5 file separately, open File → Open Data Folder → MQL5 → Experts, copy the file into the appropriate folder and restart MT5 or refresh the Navigator panel.

Step 4: Open the Recommended Charts

Open separate H1 charts for the following currency pairs:

• EURUSD
• USDJPY
• GBPUSD

Confirm that each instrument is available through your broker and that the symbol specifications match the intended setup.

Step 5: Attach the EA to Each Chart

Drag Snake Scalper EA MT5 from the Navigator panel onto each chart. Enable the required automated-trading permissions and verify that the EA is running correctly.

Step 6: Assign Unique Magic Numbers

Set a different magic number for each EA instance. This helps distinguish the orders managed by the EURUSD, USDJPY and GBPUSD instances.

Step 7: Configure the Trading Settings

Review the following parameters:

• Unique Magic Number: Identifies trades managed by the EA instance.
• Order Comment: Adds an identifying comment to orders.
• Fixed Lots: Sets the nominal position size.
• Risk Percentage of Balance: Configures percentage-based sizing; zero selects fixed-lot mode according to the supplied specifications.
• TP Points: Sets Take Profit distance; zero disables Take Profit.
• SL Points: Sets Stop Loss distance; zero disables Stop Loss.
• TLS Trigger Points: Sets the trigger for the trailing stop; zero disables the feature.
• TLS Points: Sets the trailing stop distance.
• Order Distance Points: Configures the pending-order distance.

Parameter names and available options may vary slightly by version, so confirm their exact behavior in the EA’s documentation.

Step 8: Backtest the EA

Open the MT5 Strategy Tester and select Snake Scalper EA MT5. Use H1 as the starting timeframe and evaluate the recommended currency pairs individually.

The supplied recommendations specify historical testing from 2018 onward and suggest Every Tick or Every Tick Based on Real Ticks modeling, where supported by the available historical data.

Review net profit, maximum drawdown, profit factor, trade frequency and the impact of trading costs. Avoid selecting settings based solely on the highest historical profit.

Step 9: Forward-Test on a Demo Account

Run the EA on a demo account to verify pending-order placement, position sizing, Stop Loss, Take Profit and trailing stop behavior under live market conditions.

Step 10: Consider a Low-Latency VPS

For continuous automated trading, consider a reliable VPS located close to your broker’s trading server. Monitor connectivity and MT5 logs to identify potential execution errors or interruptions.

Recommended starting configuration: H1 timeframe, EURUSD/USDJPY/GBPUSD, unique magic numbers, conservative position sizing, enabled Stop Loss and thorough demo testing. The suggested minimum deposit of $100 is a product recommendation, not a guarantee that this balance is sufficient for every broker, lot size or risk configuration.

What’s Included in the Download Package?

• Experts: Snake Scalper EA.ex5

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Final Thoughts

Snake Sclaper EA MT5 is an automated forex scalping and breakout Expert Advisor designed to place pending stop orders and manage trades using configurable parameters. Its main features include fixed-lot and percentage-based position sizing, Stop Loss, Take Profit and Trigger Trailing Stop functionality.

The EA is recommended for EURUSD, USDJPY and GBPUSD on the H1 timeframe, with historical testing from 2018 and realistic tick-based modeling where available. Its no-grid and no-martingale design may appeal to traders who prefer a breakout approach without systematic loss-recovery entries.

However, successful automated trading depends on more than the entry method. Spread, commission, execution latency, slippage, parameter selection and changing market conditions can all influence performance. The recommended $100 minimum deposit should also be evaluated against the actual lot size, Stop Loss distance and broker margin requirements.

For a responsible evaluation, begin with historical backtesting, compare settings across the recommended pairs, validate the trailing stop and pending-order logic, and forward-test on a demo account. A low-spread broker and reliable VPS can support execution quality but cannot guarantee positive results.

If you are looking for an MT5 Expert Advisor that automates pending-order breakout trading with configurable position sizing and trailing stop management, Snake Scalper EA MT5 is a system worth evaluating through independent testing.

Risk Disclaimer: Forex trading involves substantial financial risk. Past performance and backtest results do not guarantee future returns. Snake Scalper EA MT5 does not guarantee profits, and the absence of grid or martingale functionality does not eliminate the possibility of significant losses. Always test the EA on a demo account, use appropriate risk controls and trade only with capital you can afford to lose.