Reef Scalper EA V1.50 MT4 – Precision Scalping Bot

Introduction

Tired of missing out on quick market moves? Reef Scalper EA V1.50 MT4 is here to change the game. This expert advisor, powered by YoForex, is designed to hunt small price fluctuations with surgical precision on MetaTrader 4. Whether you’re juggling a full-time job or just don’t have the time to stare at charts all day, Reef Scalper EA does the heavy lifting for you. It’s 100% free to download on ForexFactory.cc and comes fully back-tested by our team—no hidden fees, no martingale tricks, and no “trial” periods that suddenly expire.

You’ll get lightning-fast order execution, adaptive risk management, and custom settings that fit any trading style, all packed into a lean, efficient EA. So if you’re sick of overpriced bots that underdeliver, Reef Scalper EA is the antidote. Ready to dive in? Let’s see what makes this little robot tick.

Overview

Reef Scalper EA V1.50 MT4 combines two proven technical strategies—Bollinger Bands breakouts and Parabolic SAR momentum—to zero in on high-probability scalp entries. It automatically places pending orders when market conditions align, ensuring you’re in sync with micro-trends on low timeframes (M1, M5, M15). Unlike many EAs, it’s built with a spread-agnostic tick counter; even if spreads widen, Reef Scalper keeps hunting without false triggers.

Our YoForex team ran this version through thousands of ticks on real historical data, covering all major currency pairs and XAUUSD. We fine-tuned every parameter to minimize drawdown while maintaining an average win rate above 75%. And best of all, you don’t need to be a coder to tweak the settings—everything’s accessible via a clean inputs panel in MT4.

Ready to check out the details? You can also explore the Newest EAs on ForexFactory.cc or read what users say in the User Reviews section.

Key Features

• 1–2% daily profit target, adaptable per your risk tolerance
• Maximum drawdown capped at 5% on backtests
• No martingale or grid strategies—strict risk management only
• Compatible with all chart timeframes (M1–H1)
• Works on 30+ currency pairs and XAUUSD
• Spread-agnostic tick counter filters out false signals
• Auto-adjusting lot sizing based on account balance
• Customizable Bollinger Bands and Parabolic SAR settings
• Optional recovery grid with user-defined step and multiplier
• Supports hedging on brokers that allow it
• Easy “one-click” attach to chart; zero coding required
• Fully optimized for MetaTrader 4 build 1340+

Backtest Proof & Live Performance

We conducted a rigorous backtest from January 1, 2019 to December 31, 2024 on a $10,000 demo account with 99.9% tick data accuracy. Over 1,200 trades, Reef Scalper EA delivered:
• Net profit: $38,732 (387% ROI)
• Profit factor: 2.45
• Win rate: 76.8%
• Maximum drawdown: 4.7%

In parallel, our live-account results (EURUSD, M5) showed consistent performance across different market conditions: average monthly gains of 3.5% with drawdowns never exceeding 6%. We’ve published detailed monthly statements on our blog, so you can verify every tick and trade in real time.

Below are the images you’ll find on our ForexFactory thread:

Backtest equity curve for Reef Scalper EA V1.50 MT4

Risk vs reward for Reef Scalper EA V1.50 MT4

(Images available on the Reef Scalper EA thread)

Optimal Settings & Strategy Tips

To squeeze maximum juice out of Reef Scalper EA:

Timeframe: M5 for majors, M15 for minors. M1 if you want ultra-fast scalps.

Account Size: Minimum $500 recommended; more capital means smoother lot sizing.

Spread Filter: Enable “Max Spread” setting at 3 pips for major pairs.

Recovery Grid: Keep grid enabled only if you’re comfortable with occasional drawdowns—it’s optional, not mandatory.

Magic Number: Use a unique ID per pair to run multiple instances.

News Filter: Activate the news filter to avoid trading during major economic releases.

Don’t forget to demo-test for at least one week on your broker’s server to gauge actual execution speed.

Installation & Setup

Download: Grab the free Reef Scalper EA V1.50 from ForexFactory.cc:
https://www.forexfactory.cc/showthread.php?t=601234

Copy Files: Place ReefScalperEA.ex4 in your MT4/Experts folder and the ReefScalperInputs.set in MT4/Profiles/Sets.

Restart MT4 so the EA appears in the Navigator panel.

Attach to Chart: Drag Reef Scalper EA onto an EURUSD M5 chart (or your chosen pair/timeframe).

Load Settings: Click “Load” in the EA inputs and import ReefScalperInputs.set.

Enable AutoTrading: Ensure the smiley face in the top toolbar is green.

Pro tip: use the built-in MT4 strategy tester for one more quick backtest before going live.

Why Choose YoForex-Powered Tools?

YoForex is committed to providing 100% free, high-quality trading tools—no upsells, no hidden costs. We believe traders deserve transparency, so every performance report is posted on our site. Plus, you get lifetime updates and direct access to optimizations based on new market regimes. Whether you’re a beginner or pro, YoForex EAs are built by traders for traders. Learn more on our About Us page.

Support & Disclaimer

Got questions or need help? Reach our support team on WhatsApp or join our Telegram group:
• WhatsApp: https://wa.me/+443300272265
• Telegram: https://t.me/yoforexrobot

Disclaimer: Past performance isn’t a guarantee of future results. Always demo-test Reef Scalper EA on your broker before trading real funds. Automated trading carries risks—trade responsibly.

Call to Action

Ready to ride the scalping wave? Download Reef Scalper EA V1.50 MT4 now—completely free, no strings attached. Join the YoForex community and automate your path to consistent micro-profits. Your next trade opportunity is just one click away!