G101 EA Scalper MT5 v2.19.1 with SetFiles | Unbounded

Product Overview

G101 EA Scalper MT5 is an automated Expert Advisor for MetaTrader 5 designed around a rule-based dual-entry, grid recovery, and basket trading system. Instead of predicting the next market direction, the EA places two pending orders around the current price—one above and one below—to capture the first confirmed price movement.

When one pending order is triggered, the opposite order is immediately cancelled. If the market moves against the active position, G101 EA Scalper MT5 can activate a staged recovery grid, adding trades at predefined distances with a configurable lot multiplier.

All open positions are managed as a single basket. The EA calculates a shared break-even level and closes the basket when the configured profit target is reached. After a profitable cycle, the system automatically resets and prepares a new dual-entry setup.

G101 EA Scalper MT5 also includes rollover protection, equity cut-off protection, time-limited exits, and online license validation, providing additional controls for automated trading.

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Key Features of G101 EA Scalper MT5

• Dual Entry Setup: Places one pending order above and another below the current market price to capture either directional breakout.
• Automatic Order Cancellation: Once one pending order is triggered, the opposite pending order is cancelled immediately.
• Staged Grid Recovery: Adds recovery positions at predefined price intervals when the market moves against the initial trade.
• Configurable Lot Multiplier: Recovery trade sizing can follow a preset multiplier according to the selected trading configuration.
• Combined Basket Exit: All open trades are managed toward a shared basket profit target rather than being treated as isolated positions.
• Automatic Break-Even Calculation: The EA calculates the combined break-even level across active basket positions.
• Rollover Protection: Pending dual-entry orders are removed during rollover to reduce the risk of unwanted entries caused by wider spreads.
• Equity Cut-Off: When the configured equity limit is reached, the EA can immediately close open positions and cancel pending orders.
• Time-Limited Exit: Positions that remain open beyond the configured time limit can be closed automatically at market.
• Automatic Cycle Reset: After a profitable basket closes, the EA immediately begins a new trading cycle.
• Online License Verification: Trading licenses are linked to MT5 account numbers and verified through an online server.
• Routine Key Validation: License credentials are checked hourly and cached locally for up to 24 hours to help maintain operation during temporary connection interruptions.

Performance & Risk Management

• G101 EA Scalper MT5 combines automated execution with several built-in risk management mechanisms. The system uses a basket-based approach, allowing multiple positions within the same trading cycle to work toward a common profit target.
• The equity cut-off is one of the key protective features. When the predefined equity threshold is reached, the EA can close active positions and remove pending orders. This provides an additional account-level risk control rather than relying only on individual trade exits.
• The EA also includes time-limited exits, which can close positions that remain open longer than the configured period. This can help reduce exposure to prolonged trades and unwanted overnight market conditions.
• During rollover, G101 EA Scalper MT5 withdraws its dual-entry pending orders while continuing to manage existing basket positions. This is designed to reduce the impact of potentially wider spreads around the daily rollover period.
• However, traders should understand that the grid recovery and lot multiplier structure can increase exposure when the market moves against the initial position. Risk depends heavily on grid spacing, multiplier settings, account balance, leverage, market volatility, and broker conditions. Historical or backtested performance should never be interpreted as a guarantee of future results.

G101 EA Scalping Strategy

• The core strategy combines dual-entry trading, staged grid recovery, and basket-based profit management.
• Instead of attempting to forecast the next market movement, G101 EA starts each cycle by placing two pending orders around the current price. This creates two possible entry directions.
• Once one pending order is triggered, the opposite order is cancelled. The EA then manages the resulting position according to its predefined rules.
• If price moves favorably, the position can progress toward the basket profit objective. If price moves against the initial position, the recovery grid can activate additional trades at predetermined intervals.
• These recovery positions are sized according to the configured lot multiplier. The EA then calculates the combined basket position and manages the group toward its overall profit objective.
• Once the basket reaches the required target, all open positions are closed together. The EA then resets and begins a new trading cycle.

How Does G101 EA Scalper MT5 Work?

G101 EA Scalper MT5 follows a repeatable six-stage trading cycle:

1. Dual Entry Placement
The EA places two pending orders around the current market price: one above and one below.

2. First Order Triggered
When price reaches one of the pending orders, that order becomes the active trade while the opposite pending order is cancelled.

3. Recovery Grid Activation
If the market moves against the open position, additional recovery trades can be placed at predefined intervals using the selected lot multiplier.

4. Basket Management
The EA combines the open positions into one trading basket and calculates a shared break-even/profit target.

5. Basket Closure
When the basket reaches the configured profit objective, all positions in the cycle are closed together.

6. Automatic Reset
After the basket closes in profit, the EA starts a fresh cycle by placing a new dual-entry setup.

During rollover, new dual-entry pending orders are withdrawn, while existing basket positions continue to be managed according to the EA’s rules.

Why Choose G101 EA Scalper MT5?

• G101 EA Scalper MT5 may appeal to traders looking for a fully automated MT5 trading system with structured entry and basket management rather than discretionary market analysis.
• One of its main advantages is its clearly defined trading cycle. The EA does not depend on manual predictions; instead, it follows predefined rules for pending entries, recovery positions, basket management, and cycle resets.
• The combination of dual-entry execution and staged grid recovery gives the system a structured framework for handling both the initial market move and adverse price movement. Additional features such as equity cut-off, rollover protection, and time-based exits provide further tools for controlling automated exposure.
• For traders interested in automated Forex or scalping-style systems, G101 EA Scalper MT5 offers a transparent rule-driven architecture that can be monitored through a compatible MT5 trading account.

🟢Verified trading performance

G101 EA Scalper MT5 Trading Results

🟢Backtest Results

G101 EA Scalper MT5 backtets

Weaknesses & Risk Warnings

Despite its automated protections, G101 EA Scalper MT5 is not a risk-free trading system. The most important consideration is its grid recovery mechanism. When the market continues moving against a position, additional trades may be opened, increasing total exposure.

The configurable lot multiplier can further increase position size as recovery trades are added. In a prolonged one-directional market movement, this structure may lead to substantial drawdown and increased margin requirements.

Other potential risks include:

• Grid recovery can increase market exposure during adverse movements.
• Lot multipliers may cause position sizes to grow rapidly.
• High volatility can trigger multiple trades in a short period.
• Spread widening can negatively affect automated entries and exits.
• Leverage and margin requirements can significantly influence risk.
• Time-limited exits may close positions at an unfavorable market price.
• Equity cut-off protection does not eliminate the possibility of losses.
• Broker execution, slippage, commissions, and spreads can affect actual results.
• Automated trading requires suitable VPS, broker, and MT5 conditions for reliable execution.
• Past performance and backtest results do not guarantee future profitability.

Traders should test the EA on a demo account and use conservative settings before considering live deployment.

Pros & Cons

Pros

• 100% autonomous operation; zero subjective analysis or manual bias required.
• Symmetric dual breakout logic cleanly monetizes high-velocity volume spikes.
• Basket averaging effectively simplifies mathematical break-even management.
• Robust built-in fail-safes including hard Equity Cut-Off controls

Cons

• Inherent vulnerability to prolonged directional trend expansions without retests.
• Progressive compounding lot scaling places rapid stress on required margin.
• Live efficiency depends heavily on broker-side execution speed, liquidity, and tight spreads.
• Complete lack of an unedited, long-term live track record.

What’s Included in the Download Package?

• Experts: 
  • G101 EA Scalper v2.19.1.ex5
• SetFiles: 
  • XAUUSD_Multi_1.50.set
  • XAUUSD_Multi_1.59.set
  • XAUUSD_Multi_1.68.set

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Final Thoughts

>> Reviewed by Jason Stap <<<