Open Source Scalper Bot MQ4 – Forex Robot

$299.00

System: Metatrader 4/5
Needed indicators: in zip archive
Timeframe: H4
Currency pair: EURUSD, GBPUSD, USDJPY
Limits by accounts: No
Broker account: any
TEST VERSION (GoldBull_Pro_test.ex4): FREE DOWNLOAD
TRADE VERSION (GoldBull_Pro.ex4) : BUY THIS ADVISOR

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Description

✅ Updated: August 2026

1. What Is the Open Source Scalper Bot MQ4?

The Open Source Scalper Bot MQ4 is a professional scalping Expert Advisor for MetaTrader 4 that comes with full source code (.mq4). It uses a neural network to identify high-probability scalping opportunities with an impressive 80% win rate. This EA is designed for traders who want complete transparency, customization, and the ability to modify the code to suit their specific trading style.

Unlike closed-source commercial EAs, the Open Source Scalper Bot gives you full control over the trading logic. You can examine every line of code, add your own indicators, change parameters, and even rebrand the EA for personal or commercial use. This makes it an excellent choice for both traders who want to learn MQL4 programming and experienced developers looking for a solid foundation to build upon.

The bot is designed for scalping on lower timeframes, specifically optimized for the M5 timeframe across major currency pairs including EURUSD, GBPUSD, USDJPY, AUDUSD, and NZDUSD. It combines neural network analysis with traditional technical indicators to generate high-frequency, low-risk trades with consistent profitability.

Open Source Scalper Bot MQ4 forex robot showing trading chart and performance on MT4

2. Key Features of Open Source Scalper Bot

The Open Source Scalper Bot is packed with features designed to deliver consistent scalping profits while providing maximum transparency:

  • Full Source Code (.mq4) — Complete transparency and customization
  • 80% Win Rate — Proven profitability across multiple currency pairs
  • Neural Network Technology — Adaptive signal generation for changing market conditions
  • Multiple Currency Pairs — Trades EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD
  • M5 Timeframe Optimized — Designed for high-frequency scalping
  • Advanced Risk Management — Built-in money management with adjustable lot sizes
  • No Grid or Martingale — Safe trading approach without risky strategies
  • Indicators Included — Complete indicator pack included with the purchase
  • No Account Limits — Unlimited accounts, unlimited time
  • Compatible with Any Broker — Works with any broker with small spreads
  • Installation Help — Free installation assistance via Anydesk
  • Open Source — Modify and customize the code to your needs

3. Open Source Scalper Bot for MetaTrader 4 (MT4)

The MT4 version of the Open Source Scalper Bot is fully compatible with MetaTrader 4, the world’s most popular trading platform. It integrates seamlessly into the MT4 environment and can be used alongside any other indicators or expert advisors.

Key benefits of the MT4 version:

  • Runs on all MT4 builds (including the latest versions)
  • Supports all MT4 timeframes (optimized for M5)
  • Can be combined with other MT4 indicators for confirmation
  • Lightweight and fast — does not slow down your platform
  • Easy to install — copy the .ex4 and .mq4 files to the Experts folder
  • Full source code (.mq4) included for customization

4. Open Source Scalper Bot for MetaTrader 5 (MT5)

While the Open Source Scalper Bot is primarily designed for MetaTrader 4, the open source nature of the product means that it can be converted for MetaTrader 5. The .mq4 source code can be adapted to MQL5 with some modifications, making it possible to run this powerful EA on the next-generation MT5 platform.

For MT5 users: We can assist with the conversion process. Alternatively, you can convert the code yourself using the comprehensive MQL5 documentation available from MetaQuotes. This flexibility is one of the key advantages of choosing an open source EA.

Key benefits for MT5 users:

  • Optimised for MT5’s multi-threaded architecture
  • Supports all MT5 timeframes and symbols
  • Works with MT5’s advanced charting and analysis tools
  • Compatible with MT5’s automated trading features
  • Full customization through the source code

5. Technical Specifications

Below is a complete breakdown of the Open Source Scalper Bot’s technical specifications.

Specification Details
Product Name Open Source Scalper Bot MQ4
Type Open Source Expert Advisor
Platform MetaTrader 4 (MT4) & MetaTrader 5 (MT5) [conversion available]
File Format .mq4 (source code), .ex4 (compiled)
License Open Source
Price $299.00
Timeframe M5
Currency Pairs EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD
Minimum Deposit $100
Win Rate 80%
Trading Type Scalping
Neural Network Yes
Money Management Yes
Max Spread 5
Lots 0.01 – 100
VPS Required Yes (24/5 online)
Broker Compatibility Any (low spreads recommended)
Account Limits No
Time Limits No
Included Indicators + .mq4 file + .ex4 file

📌 All specifications can be customised through the source code to match your trading style and preferences.


6. How the Open Source Scalper Bot Works

The Open Source Scalper Bot uses a sophisticated combination of neural network analysis and traditional technical indicators to identify high-probability scalping opportunities.

Neural Network Technology

The EA incorporates a neural network that continuously learns and adapts to changing market conditions. This neural network analyzes historical price patterns, market conditions, and technical indicators to predict high-probability entry and exit points. The network is lightweight enough to run efficiently on standard computers without impacting performance.

Scalping Strategy

The bot operates on the M5 timeframe, taking advantage of short-term price movements in the forex market. It identifies small price discrepancies and executes trades quickly to capture profits. The strategy is based on the principle that small, consistent profits can compound into significant returns over time.

Risk Management

The Open Source Scalper Bot includes built-in money management features:

  • Adjustable Lot Sizes: Position sizes can be customized from 0.01 to 100 lots
  • Spread Monitoring: The EA monitors spreads and only trades when they are within acceptable limits (max spread 5)
  • Low Slippage: Designed to minimize slippage for better execution
  • No Grid or Martingale: Safe trading approach without risky strategies

7. Why Choose an Open Source Scalping EA?

Choosing an open source scalping Expert Advisor offers significant advantages over closed-source commercial EAs. Here is why the Open Source Scalper Bot’s open source approach gives you an edge:

  • Full Transparency — You can examine every line of code. No hidden logic, no black box trading. You know exactly how the EA makes trading decisions.
  • Complete Customization — Modify settings, add your own indicators, change parameters, or completely rewrite the logic to match your trading style.
  • Learning Opportunity — Study professional MQL4 code and improve your own programming skills. The EA serves as an excellent learning resource.
  • Rebranding Rights — Change the copyright information, add your own comments, and even resell modified versions of the EA.
  • No Vendor Lock-in — You are not dependent on the original developer for updates or bug fixes. You can maintain and improve the EA yourself.
  • Community Support — Open source code can be shared with other traders, reviewed, and improved by the community.

What’s included in your purchase:

  • Pack of indicators (used by the EA for signal generation)
  • Robot files: ScalperBot.mq4 (source code) and ScalperBot.ex4 (compiled)
  • Installation help and configuration assistance

8. How to Install the Open Source Scalper Bot

Installing the Open Source Scalper Bot is quick and straightforward. Follow the steps below for your specific platform.

Installation for MetaTrader 4 (MT4)

  1. Place your order through the cart and download the robot archive
  2. Unzip the archive. You will find 2 folders: indicators and experts
  3. Copy the indicators folder contents to your MT4 MQL4/Indicators folder
  4. Copy the experts folder contents (ScalperBot.ex4 and ScalperBot.mq4) to your MT4 MQL4/Experts folder
  5. Restart your MetaTrader 4 terminal
  6. Drag the Open Source Scalper Bot from the Navigator panel onto your chart

Installation for MetaTrader 5 (MT5)

  1. Contact support to request the MT5 version or assistance with conversion
  2. Open your MetaTrader 5 platform
  3. Go to File → Open Data Folder
  4. Navigate to MQL5 → Experts
  5. Copy the EA file into the Experts folder
  6. Restart MetaTrader 5
  7. Drag the EA from the Navigator panel onto your chart

Video Tutorial: For a visual guide, watch the installation video below.


9. Recommended Settings and Configuration

The Open Source Scalper Bot offers a range of customizable parameters. Below are the recommended settings for optimal performance.

Parameter Recommended Value Description
Timeframe M5 Recommended timeframe for optimal performance
Currency Pairs EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD Supported pairs
Minimum Deposit $100 Minimum recommended balance
Max Spread 5 Maximum allowed spread
Lots 0.01–100 Adjust based on account size
VPS Recommended For 24/5 uninterrupted operation
Slippage Low Minimize slippage for better execution

📌 These settings are a starting point. All parameters can be customised through the source code.


10. Performance and Backtest Results

The Open Source Scalper Bot has been rigorously backtested across multiple market conditions. The following results represent the robot’s historical performance.

  • Win Rate: 80%
  • Trading Type: Scalping on M5 timeframe
  • Neural Network: Adaptive signal generation for consistent performance
  • Risk Management: Built-in money management with adjustable lot sizes
  • No Grid or Martingale: Safe trading approach

For live performance tracking, you can view the robot’s verified Myfxbook account below.

Open Source Scalper Bot myfxbook verified performance statistics and account tracking

11. Open Source Scalper Bot vs Commercial Scalpers

How does the Open Source Scalper Bot stack up against commercial scalping EAs? This table highlights the key differences.

Feature Open Source Scalper Bot Commercial Scalper EA
Platform MT4 & MT5 MT4 & MT5
Source Code ✅ Yes (.mq4) ❌ No
Neural Network ✅ Yes ✅ Yes
Win Rate 80% ~60-75%
Customizable ✅ Yes ❌ No
Indicators Included ✅ Yes ✅ Yes
No Account Limits ✅ Yes ✅ Yes
Price $299 $300–$1000

📌 The Open Source Scalper Bot offers the best combination of open source transparency, neural network technology, and proven profitability at a competitive price.


12. Frequently Asked Questions

What is the Open Source Scalper Bot MQ4?

The Open Source Scalper Bot MQ4 is a professional scalping Expert Advisor for MetaTrader 4 that comes with full source code (.mq4). It uses a neural network to generate high-probability trades with an 80% win rate across major currency pairs.

Is the Open Source Scalper Bot available for MT5?

The Open Source Scalper Bot is designed for MetaTrader 4 (MT4) with the .mq4 source code. For MT5, the code can be converted to MQL5, and we can assist with the conversion process.

What currency pairs does the Open Source Scalper Bot trade?

The bot trades EURUSD, GBPUSD, USDJPY, AUDUSD, and NZDUSD on the M5 timeframe.

What is the win rate of the Open Source Scalper Bot?

The Open Source Scalper Bot has an impressive 80% win rate, making it one of the most consistent scalping robots available.

What is included in the purchase?

You receive the full source code (.mq4), compiled EA (.ex4), indicators pack, and installation support. The open source code allows you to modify and customize the EA.

How does the neural network work in this EA?

The neural network analyzes historical price patterns, market conditions, and technical indicators to predict high-probability entry and exit points. It adapts to changing market conditions for consistent performance.

What is the minimum deposit for the Open Source Scalper Bot?

The minimum recommended deposit is $100. A VPS is recommended for 24/5 uninterrupted operation, and the bot works with any broker that offers low spreads.

How do I install the Open Source Scalper Bot?

Download the archive, extract the indicators and experts folders, copy them to your MT4 Data Folder (MQL4/Indicators and MQL4/Experts), restart MT4, and drag the EA from the Navigator panel onto your chart.

What are the recommended settings for the Open Source Scalper Bot?

Recommended settings include M5 timeframe, max spread 5, low slip, and adjustable lot sizes from 0.01. A VPS is recommended for 24/5 operation.

What is the advantage of the open source code?

The open source code (.mq4) gives you full control over the EA’s logic. You can modify settings, add your own indicators, change parameters, and even rebrand the EA for personal or commercial use. This provides complete transparency and customization.


$299.00

🎁 Open Source — Full .mq4 source code included

📦 Complete Package — Indicators + EA files + Installation help

📈 80% Win Rate — Proven performance

🧠 Neural Network — Adaptive scalping technology

💰 Best Value — Get all this for only $299!


Rated 5 out of 5

FAQ

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✅ Updated: August 2026

1. What Is the Open Source Scalper Bot MQ4?

The Open Source Scalper Bot MQ4 is a professional scalping Expert Advisor for MetaTrader 4 that comes with full source code (.mq4). It uses a neural network to identify high-probability scalping opportunities with an impressive 80% win rate. This EA is designed for traders who want complete transparency, customization, and the ability to modify the code to suit their specific trading style.

Unlike closed-source commercial EAs, the Open Source Scalper Bot gives you full control over the trading logic. You can examine every line of code, add your own indicators, change parameters, and even rebrand the EA for personal or commercial use. This makes it an excellent choice for both traders who want to learn MQL4 programming and experienced developers looking for a solid foundation to build upon.

The bot is designed for scalping on lower timeframes, specifically optimized for the M5 timeframe across major currency pairs including EURUSD, GBPUSD, USDJPY, AUDUSD, and NZDUSD. It combines neural network analysis with traditional technical indicators to generate high-frequency, low-risk trades with consistent profitability.

Open Source Scalper Bot MQ4 forex robot showing trading chart and performance on MT4

2. Key Features of Open Source Scalper Bot

The Open Source Scalper Bot is packed with features designed to deliver consistent scalping profits while providing maximum transparency:

  • Full Source Code (.mq4) — Complete transparency and customization
  • 80% Win Rate — Proven profitability across multiple currency pairs
  • Neural Network Technology — Adaptive signal generation for changing market conditions
  • Multiple Currency Pairs — Trades EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD
  • M5 Timeframe Optimized — Designed for high-frequency scalping
  • Advanced Risk Management — Built-in money management with adjustable lot sizes
  • No Grid or Martingale — Safe trading approach without risky strategies
  • Indicators Included — Complete indicator pack included with the purchase
  • No Account Limits — Unlimited accounts, unlimited time
  • Compatible with Any Broker — Works with any broker with small spreads
  • Installation Help — Free installation assistance via Anydesk
  • Open Source — Modify and customize the code to your needs

3. Open Source Scalper Bot for MetaTrader 4 (MT4)

The MT4 version of the Open Source Scalper Bot is fully compatible with MetaTrader 4, the world’s most popular trading platform. It integrates seamlessly into the MT4 environment and can be used alongside any other indicators or expert advisors.

Key benefits of the MT4 version:

  • Runs on all MT4 builds (including the latest versions)
  • Supports all MT4 timeframes (optimized for M5)
  • Can be combined with other MT4 indicators for confirmation
  • Lightweight and fast — does not slow down your platform
  • Easy to install — copy the .ex4 and .mq4 files to the Experts folder
  • Full source code (.mq4) included for customization

4. Open Source Scalper Bot for MetaTrader 5 (MT5)

While the Open Source Scalper Bot is primarily designed for MetaTrader 4, the open source nature of the product means that it can be converted for MetaTrader 5. The .mq4 source code can be adapted to MQL5 with some modifications, making it possible to run this powerful EA on the next-generation MT5 platform.

For MT5 users: We can assist with the conversion process. Alternatively, you can convert the code yourself using the comprehensive MQL5 documentation available from MetaQuotes. This flexibility is one of the key advantages of choosing an open source EA.

Key benefits for MT5 users:

  • Optimised for MT5’s multi-threaded architecture
  • Supports all MT5 timeframes and symbols
  • Works with MT5’s advanced charting and analysis tools
  • Compatible with MT5’s automated trading features
  • Full customization through the source code

5. Technical Specifications

Below is a complete breakdown of the Open Source Scalper Bot’s technical specifications.

Specification Details
Product Name Open Source Scalper Bot MQ4
Type Open Source Expert Advisor
Platform MetaTrader 4 (MT4) & MetaTrader 5 (MT5) [conversion available]
File Format .mq4 (source code), .ex4 (compiled)
License Open Source
Price $299.00
Timeframe M5
Currency Pairs EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD
Minimum Deposit $100
Win Rate 80%
Trading Type Scalping
Neural Network Yes
Money Management Yes
Max Spread 5
Lots 0.01 – 100
VPS Required Yes (24/5 online)
Broker Compatibility Any (low spreads recommended)
Account Limits No
Time Limits No
Included Indicators + .mq4 file + .ex4 file

📌 All specifications can be customised through the source code to match your trading style and preferences.


6. How the Open Source Scalper Bot Works

The Open Source Scalper Bot uses a sophisticated combination of neural network analysis and traditional technical indicators to identify high-probability scalping opportunities.

Neural Network Technology

The EA incorporates a neural network that continuously learns and adapts to changing market conditions. This neural network analyzes historical price patterns, market conditions, and technical indicators to predict high-probability entry and exit points. The network is lightweight enough to run efficiently on standard computers without impacting performance.

Scalping Strategy

The bot operates on the M5 timeframe, taking advantage of short-term price movements in the forex market. It identifies small price discrepancies and executes trades quickly to capture profits. The strategy is based on the principle that small, consistent profits can compound into significant returns over time.

Risk Management

The Open Source Scalper Bot includes built-in money management features:

  • Adjustable Lot Sizes: Position sizes can be customized from 0.01 to 100 lots
  • Spread Monitoring: The EA monitors spreads and only trades when they are within acceptable limits (max spread 5)
  • Low Slippage: Designed to minimize slippage for better execution
  • No Grid or Martingale: Safe trading approach without risky strategies

7. Why Choose an Open Source Scalping EA?

Choosing an open source scalping Expert Advisor offers significant advantages over closed-source commercial EAs. Here is why the Open Source Scalper Bot’s open source approach gives you an edge:

  • Full Transparency — You can examine every line of code. No hidden logic, no black box trading. You know exactly how the EA makes trading decisions.
  • Complete Customization — Modify settings, add your own indicators, change parameters, or completely rewrite the logic to match your trading style.
  • Learning Opportunity — Study professional MQL4 code and improve your own programming skills. The EA serves as an excellent learning resource.
  • Rebranding Rights — Change the copyright information, add your own comments, and even resell modified versions of the EA.
  • No Vendor Lock-in — You are not dependent on the original developer for updates or bug fixes. You can maintain and improve the EA yourself.
  • Community Support — Open source code can be shared with other traders, reviewed, and improved by the community.

What’s included in your purchase:

  • Pack of indicators (used by the EA for signal generation)
  • Robot files: ScalperBot.mq4 (source code) and ScalperBot.ex4 (compiled)
  • Installation help and configuration assistance

8. How to Install the Open Source Scalper Bot

Installing the Open Source Scalper Bot is quick and straightforward. Follow the steps below for your specific platform.

Installation for MetaTrader 4 (MT4)

  1. Place your order through the cart and download the robot archive
  2. Unzip the archive. You will find 2 folders: indicators and experts
  3. Copy the indicators folder contents to your MT4 MQL4/Indicators folder
  4. Copy the experts folder contents (ScalperBot.ex4 and ScalperBot.mq4) to your MT4 MQL4/Experts folder
  5. Restart your MetaTrader 4 terminal
  6. Drag the Open Source Scalper Bot from the Navigator panel onto your chart

Installation for MetaTrader 5 (MT5)

  1. Contact support to request the MT5 version or assistance with conversion
  2. Open your MetaTrader 5 platform
  3. Go to File → Open Data Folder
  4. Navigate to MQL5 → Experts
  5. Copy the EA file into the Experts folder
  6. Restart MetaTrader 5
  7. Drag the EA from the Navigator panel onto your chart

Video Tutorial: For a visual guide, watch the installation video below.


9. Recommended Settings and Configuration

The Open Source Scalper Bot offers a range of customizable parameters. Below are the recommended settings for optimal performance.

Parameter Recommended Value Description
Timeframe M5 Recommended timeframe for optimal performance
Currency Pairs EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD Supported pairs
Minimum Deposit $100 Minimum recommended balance
Max Spread 5 Maximum allowed spread
Lots 0.01–100 Adjust based on account size
VPS Recommended For 24/5 uninterrupted operation
Slippage Low Minimize slippage for better execution

📌 These settings are a starting point. All parameters can be customised through the source code.


10. Performance and Backtest Results

The Open Source Scalper Bot has been rigorously backtested across multiple market conditions. The following results represent the robot’s historical performance.

  • Win Rate: 80%
  • Trading Type: Scalping on M5 timeframe
  • Neural Network: Adaptive signal generation for consistent performance
  • Risk Management: Built-in money management with adjustable lot sizes
  • No Grid or Martingale: Safe trading approach

For live performance tracking, you can view the robot’s verified Myfxbook account below.

Open Source Scalper Bot myfxbook verified performance statistics and account tracking

11. Open Source Scalper Bot vs Commercial Scalpers

How does the Open Source Scalper Bot stack up against commercial scalping EAs? This table highlights the key differences.

Feature Open Source Scalper Bot Commercial Scalper EA
Platform MT4 & MT5 MT4 & MT5
Source Code ✅ Yes (.mq4) ❌ No
Neural Network ✅ Yes ✅ Yes
Win Rate 80% ~60-75%
Customizable ✅ Yes ❌ No
Indicators Included ✅ Yes ✅ Yes
No Account Limits ✅ Yes ✅ Yes
Price $299 $300–$1000

📌 The Open Source Scalper Bot offers the best combination of open source transparency, neural network technology, and proven profitability at a competitive price.


12. Frequently Asked Questions

What is the Open Source Scalper Bot MQ4?

The Open Source Scalper Bot MQ4 is a professional scalping Expert Advisor for MetaTrader 4 that comes with full source code (.mq4). It uses a neural network to generate high-probability trades with an 80% win rate across major currency pairs.

Is the Open Source Scalper Bot available for MT5?

The Open Source Scalper Bot is designed for MetaTrader 4 (MT4) with the .mq4 source code. For MT5, the code can be converted to MQL5, and we can assist with the conversion process.

What currency pairs does the Open Source Scalper Bot trade?

The bot trades EURUSD, GBPUSD, USDJPY, AUDUSD, and NZDUSD on the M5 timeframe.

What is the win rate of the Open Source Scalper Bot?

The Open Source Scalper Bot has an impressive 80% win rate, making it one of the most consistent scalping robots available.

What is included in the purchase?

You receive the full source code (.mq4), compiled EA (.ex4), indicators pack, and installation support. The open source code allows you to modify and customize the EA.

How does the neural network work in this EA?

The neural network analyzes historical price patterns, market conditions, and technical indicators to predict high-probability entry and exit points. It adapts to changing market conditions for consistent performance.

What is the minimum deposit for the Open Source Scalper Bot?

The minimum recommended deposit is $100. A VPS is recommended for 24/5 uninterrupted operation, and the bot works with any broker that offers low spreads.

How do I install the Open Source Scalper Bot?

Download the archive, extract the indicators and experts folders, copy them to your MT4 Data Folder (MQL4/Indicators and MQL4/Experts), restart MT4, and drag the EA from the Navigator panel onto your chart.

What are the recommended settings for the Open Source Scalper Bot?

Recommended settings include M5 timeframe, max spread 5, low slip, and adjustable lot sizes from 0.01. A VPS is recommended for 24/5 operation.

What is the advantage of the open source code?

The open source code (.mq4) gives you full control over the EA’s logic. You can modify settings, add your own indicators, change parameters, and even rebrand the EA for personal or commercial use. This provides complete transparency and customization.


$299.00

🎁 Open Source — Full .mq4 source code included

📦 Complete Package — Indicators + EA files + Installation help

📈 80% Win Rate — Proven performance

🧠 Neural Network — Adaptive scalping technology

💰 Best Value — Get all this for only $299!


Rated 5 out of 5