Introduction


Are you tired of missing out on quick scalp opportunities or seeing promising trades wiped out by sudden market swings? OtmScalpHedge EA V1.2 MT4 was built precisely to tackle those headaches. This free MetaTrader 4 expert advisor combines precision scalp entries with smart hedge management to keep your equity curve climbing steadily—no more emotional guessing or manual hedging headaches.


Developed and rigorously tested by the YoForex team, OtmScalpHedge EA V1.2 MT4 uses a dual-engine strategy. First, its scalp module scans high-probability breakout zones across major currency pairs, seeking micro-trends that last just minutes. Then, if price retraces against you, the hedge module kicks in—automatically opening counter-positions sized to neutralize temporary drawdowns. The result? You capture small gains many times a day, while max drawdowns stay in check.


Behind the scenes, OtmScalpHedge EA taps into volatility filters and multi-timeframe confirmation. It won’t fire trades when spreads spike or during major news releases, avoiding those unpredictable whipsaws. And because it’s coded in MQL4, the EA runs lean and fast on any MT4 build—no lag, no heavy resource usage.


Risk management
• A daily profit target (e.g., 1–2% of balance)
• A max drawdown limit (e.g., 5%)
• Hedge offset multipliers
• Trailing stop parameters
• Session filters


 


OtmScalpHedge EA V1.2


 


How It Works




  1. Scalp Entry Logic
    OtmScalpHedge scans for tight consolidation on lower timeframes (M1–M5). When volatility contracts and then expands beyond a threshold, it enters in the breakout direction with a small fixed stop loss and a 1:1.5 reward ratio by default.




  2. Hedge Activation
    If price reverses and hits your stop, the EA calculates the hedge position size needed to zero out the losing trade’s pips. It then opens a hedge order, effectively flattening net exposure.




  3. Dynamic Management
    The EA constantly monitors both original and hedge orders, closing them individually when their own profit targets or trailing stops are triggered. This “two-pronged” approach keeps your overall P/L tracking upward.




  4. Session and News Filters
    You choose which hours to trade (e.g., London open, New York session) and can disable trading around high-impact news, all within the EA’s settings panel.




Backtest & Live Performance
Over a two-year backtest on EURUSD H1 from January 2022 to December 2023 (sample size: 1,250 trades), OtmScalpHedge EA V1.2 MT4 delivered:
• Total net profit: +35%
• Max drawdown: 4.8%
• Profit factor: 1.75
• Win rate: 62%


Equity curve smoothness was outstanding—drawdowns were shallow, and the EA recovered quickly from losing streaks. In live-account tests run by YoForex from January 2024 to May 2025 on a $1,000 demo, the EA netted +22% with a 3.5% max drawdown, proving that backtests translated well into real-time conditions.


 


OtmScalpHedge EA V1.2


 


Recommended Settings
To get started, try these baseline inputs:
• Currency pairs: EURUSD, GBPUSD, USDJPY
• Timeframe: H1 for scalp logic with M5 confirmation
• Min balance: $200
• Lot sizing: 0.01 lots per $1,000 balance
• Daily target: 1.5%
• Max drawdown: 5%
• Hedge multiplier: 1.2
• Trading hours: 07:00–16:00 (server time)
• News filter: Enabled


You can tweak these to match your risk profile. Conservative traders might lower the daily target to 1% and increase the hedge multiplier; aggressive users could widen stop loss for bigger scalp wins.


Installation & Setup




  1. Download the OtmScalpHedge EA V1.2 MT4 file from ForexFactory.cc (link below).




  2. Copy the .ex4 file into your MQL4/Experts directory.




  3. Restart MT4 or hit “Refresh” in the Navigator panel.




  4. Drag OtmScalpHedge EA onto your desired chart (say, EURUSD H1).




  5. Import the recommended .set file for baseline settings.




  6. Enable “Allow live trading” and “Allow DLL imports.”




  7. Click OK—your EA is now live, ready to scalp and hedge.




Support & Disclaimer


If you hit any bug or need help configuring the EA, ping us on WhatsApp or Telegram:



Disclaimer: Past performance is no guarantee of future results. Forex trading carries risk; trade responsibly, and always demo-test before deploying on a live account.


⚡️Upgrade
Version 1.2 adds an adaptive volatility filter that dynamically widens stop loss during news-calm periods, improving hit rates by 5%. Hedge logic has been optimized to reduce margin usage by 15%.


 


Happy Trading!