Wise Scalper EA MT4 (Official version) | Unbounded

What is Wise Scalper EA MT4?

Wise Scalper EA MT4 is an optimized automated trading system designed for efficient scalping on currency pairs. This EA executes trades at predefined market conditions and closes them when specific criteria are met, aiming for consistent small profits while minimizing risk. It is built for the M5 timeframe and works seamlessly on low-spread accounts with minimal commission, making it suitable even for traders starting with a small deposit.

Vendor website 

About the Developer

• Author: Ilya Fomin
• Experience: Over +12 years of experience on MQL5.
• Notable Products: Wise Scalper MT4, Stubborn Spider MT4 and other advisors.
• Flagship Product: Wise Scalper EA MT4 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).

Wise Scalper EA MT4 Overview

Main Features of Wise Scalper EA MT4

• Optimized Scalping Logic – Executes trades at precise market conditions for consistent micro-profits.
• Stop Loss Management – Built-in SL to limit potential losses per trade.
• M5 Timeframe Trading – Designed for short-term trading on the M5 chart for fast opportunities.
• Low Capital Requirement – Start trading with as little as $100.
• Flexible Leverage Support – Recommended leverage of 1:100, but can operate with higher or lower leverage.
• Easy Testing & Setup – Works well with MetaTrader 4 strategy tester for historical backtesting.

Additional Features

• Spread Filter – Ensures trades only execute when the spread is within the specified maximum.
• Time-Based Trading – Set start and stop times to avoid trading during volatile or inactive periods.
• Auto Risk Management – Automatically adjusts lot size based on account balance and risk settings.
• Maximum Orders Control – Limits the number of open orders in the same direction.
• Order Step & Series Management – Configurable minimum step between trades and total profit/loss for a series.
• Magic Number Support – Distinguish multiple EA trades on the same account.

Why Choose Wise Scalper EA MT4?

• Consistent Small Profits – Designed to scalp reliably in quiet market conditions.
• Low-Risk Approach – Stop Loss, total series loss, and auto risk features protect your capital.
• Minimal Technical Requirements – Works on almost any VPS, even with high ping (up to 1000ms).
• Beginner-Friendly – Simple settings and default configurations make it easy to start.
• Backtested & Ready-to-Use – Optimized for live trading with historical testing in MT4.
• Efficient Capital Use – Can operate effectively with small deposits while managing risk.

Wise Scalper EA MT4 Backtest Results

Wise Scalper EA MT4 Backtest

• Initial Deposit: $100 (5 months)
• Total Net Profit: $800.36
• Win Rate (% of total): 70.92%
• Maximum Drawdown: 11.25%

Wise Scalper EA Backtest

What’s Included in the Download Package?

• Experts: Wise Scalper EA_fix.ex4

>>> Join VIP Membership Now <<<

Conclusion

In summary, Wise Scalper EA MT4 is a precision-focused, automated scalping robot designed for the M5 timeframe, delivering consistent small profits while minimizing risk. With optimized entry logic, built-in Stop Loss, spread filtering, and flexible risk management, it works efficiently even with low deposits and low-spread accounts. Beginner-friendly, easy to set up, and fully backtested for reliability, Wise Scalper EA MT4 is an ideal choice for traders seeking a low-risk, hands-free solution for short-term Forex trading.

>>> Reviewed by Jason Stap <<<