Scalper Deriv - User Guide
Detailed documentation for installation, configuration, and optimization.
Introduction
Scalper Deriv is a professional automated trading system for MetaTrader 5 that perceives the market not as random movements, but as a series of dynamic waves. The algorithm is engineered to analyze the unique characteristics of these waves, identifying high-probability patterns and capitalizing on their momentum and reversals. This professional tool helps traders navigate market volatility with a structured, data-driven approach.
Installation (MQL5 Market)
1
Terminal Login: Open your MT5 terminal, go to
Tools > Options > Community and log in with your MQL5.com account credentials.
2
Market Download: Open the Navigator window (Ctrl+N). Locate the Market directory and expand it to find the My Purchases subdirectory. Your purchased Expert Advisor will be listed there ready to Install.
3
Attach to Chart: After installation, the EA will appear in the Navigator window under
Expert Advisors > Market. Drag it onto an H1 chart.
4
Enable Trading: In the EA properties window, ensure "Allow Algo Trading" is checked. Also, enable the global Algo Trading button in the top toolbar.
Loading Set Files
Set files are crucial as they contain the optimized configurations for specific symbols and risk levels.
1
Open the Scalper Deriv properties (F7 on the chart).
2
Go to the Inputs tab. Here you will see the list of all parameters. Click the Load button on the right side.
3
Click the Load button and select the
.set file you downloaded from this website.Input Parameters Reference
Below is the complete list of parameters as they appear in the MetaTrader 5 input window. Click on each group to expand or collapse its details.
1. Support & Links
| Parameter (Input Comment) | Description |
|---|---|
| Official product page | Direct link to purchase the Expert Advisor, read verified user reviews, and see the full technical description on the MQL5 Market. |
| Official set files channel | Link to the Telegram channel where optimized .set files are shared monthly. |
| Official updates channel | MQL5 channel for official announcements and new version alerts. |
| Recommended broker | Affiliated links to brokers verified for optimal execution and tight spreads. |
2. Main Settings
| Parameter (Input Comment) | Description |
|---|---|
| Profit per cycle (1 = 1%) | Target profit percentage for the current trading cycle relative to the account balance. |
| Type of position | Trading direction filter: onlyBuy, onlySell, or both. |
| Factor TP | A multiplier used to calculate the Take Profit distance based on average market volatility. |
| Factor A, B, C | Proprietary sensitivity factors that define the entry logic depth. Adjusted via set files for different assets. |
| Fractal (barras en M5) | The lookback period (number of M5 candles) used to identify key price extremes and structure. |
| Global SL (% of balance) | Safety mechanism that closes all trades if the account drawdown reaches this percentage. Example: If your balance is $1,000 and Global SL is set to 20, the EA will close all positions if the total floating loss reaches -$200. |
| Maximum simultaneous open positions | The maximum number of active trades the EA is allowed to manage at once. |
| Magic Number | A unique identifier that allows the EA to distinguish its own trades from those of other EAs or manual operations. It is crucial to use a different Magic Number for each instance of the EA running on different symbols to prevent them from interfering with each other's trade management. |
| Allow new cycles only if no trades are open by others | When enabled, the EA will wait until there are no other active positions (from other EAs or manual trades) on the account before starting a new trading cycle. This ensures the EA operates in a clean environment. |
3. News Filter
| Parameter (Input Comment) | Description |
|---|---|
| Avoid trading during high-impact news | Activates the automatic economic calendar filter to avoid high-volatility events. |
| Block trades X minutes before/after news | The safety time buffer (in minutes) to pause trading around scheduled news events. |
4. Trading Hours & Days
| Parameter (Input Comment) | Description |
|---|---|
| Enable trading only during specified hours | Enables or disables the time-based filter for daily operations. |
| Start / End of trading session (hh:mm) | Defines the operating window. Very useful for avoiding low-liquidity periods. |
| Trade on Monday... Sunday | Individual switches to enable or disable trading for each specific day of the week. |
5. Display
| Parameter (Input Comment) | Description |
|---|---|
| Show on-chart display | Enables or disables the visual dashboard on the MT5 chart. |
| Display colors & Position | Settings to customize the background color, text color, and corner position of the dashboard. |
Optimization Guide
To get the best performance from Scalper Deriv on different symbols, you can use the MT5 Strategy Tester to find the optimal settings.
1. Strategy Tester Setup
1
Open Tester: Press
Ctrl + R in MetaTrader 5 to open the Strategy Tester window.
2
Settings Tab: Configure the following main options:
- Expert: Select
Scalper Deriv. - Symbol & Timeframe: Choose your asset and set it to H1.
- Date / Period: Use high-quality historical data. A 1-year period is usually sufficient.
- Shorter periods: Tend to create more aggressive settings with higher trade frequency.
- Longer periods: Result in more conservative settings with lower trade frequency.
- Modeling: Select "1 minute OHLC" (recommended for professional and fast optimization).
- Optimization: Select "Fast genetic based algorithm".
- Criterion: Select the metric you want to prioritize. Common options include Balance max, Profit Factor max, or Sharpe Ratio max.
2. Practical Exercise: Optimizing Profit per cycle
Let's find the best target profit for your current symbol. Follow these steps in the Inputs tab:
1
Enable Parameter: Find
Profit per cycle (1 = 1%) and check the box to the left of its name.
2
Set Search Range: Configure the values as follows:
- Start:
0.2(minimum target). - Step:
0.1(increment). - Stop:
2.0(maximum target).
The EA will now test 19 different variations to find which one produces the best results for your balance.
3
Start: Click the Start button. The tester will now run all the combinations using the genetic algorithm.
4
Load Results: Go to the Optimization Results tab. Double-click on the best performing result. This will automatically load those specific parameters into the Inputs tab and run a single backtest to verify performance.
5
Save Set File: Switch back to the Inputs tab (where the optimized values are now loaded). Right-click anywhere inside the parameters table and select Save to create your new
.set file with the optimized configuration.
Recommendations
- Timeframe: While the EA scans multiple timeframes internally, we recommend keeping it on H1 for consistent monitoring.
- Brokers: Use low-latency brokers with tight spreads like Deriv or IC Markets.
- Demo Practice: Although Scalper Deriv is 100% compatible and intended for real accounts, we strongly recommend a preliminary period on a demo account. This ensures you fully understand the mechanics and risk management before committing real capital.
- VPS: A 24/7 VPS is mandatory for automated trading to avoid downtime.
Risk Management Notice
Always align the risk profile (Low, Medium, High) with your account balance. We recommend starting with the Low Risk (GSL 5%) profile on a demo account before moving to live trading.