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Orion Forex Scalper EA (MT4)

    The Orion Forex Scalper EA for Metatrader 4 is a trend scalping robot that makes around 4% monthly profit with low drawdown.

    The Orion EA works well for the lower time frames and the lower spread currency pairs (EUR/USD, GBP/USD, etc.)

    It uses moving averages and a bands systems to identify the best trade entry levels and take profit targets.

    The EA protects against slippage and includes a trailing stop.

    Feel free to experiment with the EA’s different input parameters in a bid to further optimize it and improve its trading results.

    Test the Orion Forex Scalper EA on a demo account first for 2-4 weeks before running it on a live trading account (recommended).

    Free Download

    Download the “ORION EA Scalper.ex4” expert advisor

    Track Record

    The verified MyFXBook report below shows the Orion Forex robot trading performance (click on the chart to zoom in).

    Performance Highlights:

    • Gain: +16.83%
    • Monthly gain: 3.98%
    • Drawdown: 3.33%

    Download This Expert Advisor (MT4)

    Download the “ORION EA Scalper.ex4” Forex robot

    General Information & Recommendations

    • Works best for the lower time frames (M5 – M15)
    • Works best for the low spread currency pairs
    • Recommended minimum account balance: $250
    • Works on unlimited demo accounts.
    • Works on unlimited live accounts.
    • Developed for Metatrader 4

    Chart Example

    The picture below shows the Orion Forex EA attached to the EUR/USD 1-hour chart.

    EA Input Parameters

    Take profit percent, magic buy, magic sell, distance, delta limit orders, period, method, shift, price, MA period, MA method, MA price, bands period, use trailing stop, trailing step, stop loss, take profit, max. orders, slippage, reverse the system

    How to access the inputs tab? Right click on the chart > properties > inputs tab (adjust EA settings here)

    How do I install the Orion Forex EA in Metatrader 4?

    • Open the Metatrader 4 platform and select “File” from the top menu
    • Click on “Open Data Folder” and select the “MQL4” folder
    • Click on “Experts” folder and drag and drop the ORION EA Scalper.ex4 file into this folder
    • Restart the Metatrader 4 platform and attach the expert advisor to the chart