Introduction

Tired of overpriced robots that overpromise and underdeliver? Reef Scalper EA V1.50 MT4 is your answer—100% free on MQL5.software and built for traders who want razor-sharp entries without breaking the bank. With this MT4 scalping EA, you’ll tap into refined price-action logic, dynamic spread filtering, and advanced risk management—all wrapped up in a lightweight, easy-to-configure package. Whether you’re new to automated trading or a seasoned pro, Reef Scalper EA V1.50 MT4 cuts through the noise so you can focus on booking profits and managing your portfolio confidently.

Developed and rigorously back-tested by the YoForex team, this EA has proven its mettle in both demo and live environments. Say goodbye to guesswork and hello to a consistent scalping strategy that’s optimized for EUR/USD, GBP/USD, and other major pairs on the M5 and M15 timeframes. Ready to take your trading to the next level? Let’s dive into what makes Reef Scalper EA V1.50 MT4 a must-have tool in your MetaTrader 4 arsenal.

Overview

Reef Scalper EA V1.50 MT4 is designed from the ground up as a high-precision scalping EA for MetaTrader 4. It uses a proprietary combination of tick-by-tick price-action analysis and adaptive spread monitoring to identify low-risk entry points with sub-5-pip targets. The core logic revolves around:

  • Price-Action Patterns: Detects micro-trends and support/resistance clusters in real time.
  • Spread Filter: Automatically pauses trading when spreads exceed user-defined thresholds.
  • Risk Management: Incorporates fixed-lot or percentage-based sizing with a hard stop-loss to cap drawdowns.

Under the hood, Reef Scalper EA V1.50 MT4 leverages MQL4’s OnTick event handler for lightning-fast decision making. It’s lightweight—adding less than 50 KB to your MT4 “Experts” folder—and fully customizable via an intuitive input panel. Want a similar EA? Check out the Galaxy Gold Scalper V3.0 MT5 – Free MT5 Gold-Scalping EA or explore the Order Blocks All In One Indicator V1.08 MT5 for advanced market structure insights.

YoForex live-market-verified every build, ensuring that when you download Reef Scalper EA V1.50 MT4, you’re getting a battle-tested tool that thrives in both low- and high-volatility conditions.

 

Reef Scalper EA V1.50

 

Key Features

• Dynamic Spread Filter – Continuously monitors real-time spreads to avoid trading in high-cost market conditions, reducing slippage and preserving profit potential.
• Adaptive Entry Logic – Uses multi-timeframe confirmation (M1, M5, M15) to validate micro-trend direction before triggering orders, improving win rate consistency.
• Flexible Lot Sizing – Choose fixed lots or enable percentage-based money management to automatically adjust trade size based on balance and risk tolerance.
• Hard Stop-Loss & Take-Profit – Preconfigured SL/TP levels lock in gains and limit losses on every trade, with optional trailing stops for dynamic profit protection.
• Low-Latency Order Execution – Optimized MQL4 code executes orders within milliseconds of signal generation to capture fleeting scalping opportunities.
• Customizable Trade Hours – Define specific trading sessions (e.g., London open, New York breakout) to avoid low-liquidity periods and optimize performance.
• Equity Protection – Automatic account drawdown guard pauses all trading if overall equity falls below a user-defined threshold.
• Built-In News Filter – Optionally suspend trades around high-impact economic releases to minimize unexpected volatility risks.
• Alert System – Receive email or mobile push notifications on every order execution, stop-loss hit, or critical error for hands-off monitoring.
• Backtest-Ready Inputs – All parameters exposed in the MT4 strategy tester for effortless backtesting on tick data, complete with equity curve export.

 

Reef Scalper EA V1.50

 

Backtest Results & Proof

Reef Scalper EA V1.50 MT4 underwent a comprehensive backtest spanning 2018.01.01 to 2025.04.30 on EUR/USD, GBP/USD, and USD/JPY using 99.9% real-tick data in the MT4 strategy tester. Sample size: over 5,000 trades per pair.

  • EUR/USD (2018–2025): Net Profit $85,430 | Max Drawdown 3.2% | Profit Factor 2.34
  • GBP/USD (2018–2025): Net Profit $62,710 | Max Drawdown 2.8% | Profit Factor 2.18
  • USD/JPY (2018–2025): Net Profit $48,590 | Max Drawdown 3.0% | Profit Factor 2.05

In live-demo testing (Jan–Apr 2025), Reef Scalper EA delivered an average monthly return of 8.5% with drawdowns consistently below 4%. The equity curve shows smooth, upward-sloping growth—ideal for traders seeking low-volatility scalping solutions.

Want to see the full equity curve or risk-reward infographic? Download the backtest report and chart screenshots from the MQL5.software page.

How to Install & Configure

  1. Download the EA: Grab the free Reef Scalper EA V1.50 MT4 package from the official MQL5.software link:
    https://mql5.software/ea/reef-scalper-ea-v150-mt4/download
  2. Copy Files: Unzip and place ReefScalper_v150.ex4 into your MT4 Experts folder, and any custom .tpl or indicator files into Indicators.
  3. Restart MT4: Close and reopen MetaTrader 4 to refresh the Experts list.
  4. Attach to Chart: Open an M5 or M15 EUR/USD chart, then drag “Reef Scalper EA V1.50” from the Navigator panel onto the chart.
  5. Configure Inputs: In the EA settings dialog, adjust:

    • LotSize: Fixed or RiskPercent

    • MaxSpread: e.g., “2” (in pips)

    • TradingHours: e.g., “08:00-18:00”

    • TrailingStop: Enable/Disable and distance in pips

  6. Enable Auto-Trading: Click the “AutoTrading” button on the MT4 toolbar to allow the EA to place orders.

For detailed guidance, see our step-by-step installation video on YouTube or visit the YoForex Beginner’s Guide to MT4 EAs.

 

Reef Scalper EA V1.50

 

Why Choose YoForex-Powered Tools?

YoForex has earned a reputation for delivering robust, no-cost trading robots that never compromise on quality. By releasing tools like Reef Scalper EA V1.50 MT4 for free, we support traders worldwide—no subscriptions, hidden fees, or martingale tricks. Every release is:

  • Open-Source Verified: Code integrity is checked by third-party auditors.
  • Regularly Updated: We push performance optimizations quarterly based on user feedback and market shifts.
  • Community-Driven: Join our Telegram group for strategy discussions and improvement polls.

When you trade with a YoForex tool, you’re backed by over 25 experts, daily support, and a promise to keep innovation free and accessible.

Support & Disclaimer

Hit a snag or want to suggest a new feature? Our support team is standing by:

Disclaimer: Past performance is not a guarantee of future results. Trading involves risk, including possible loss of principal. Always demo-test Reef Scalper EA V1.50 MT4 before deploying on a live account, and never risk more than you can afford to lose.

Call to Action

Ready to elevate your scalping game? Download Reef Scalper EA V1.50 MT4 now—absolutely free on MQL5.software. With zero subscription fees, ongoing updates, and 24/7 support, you have nothing to lose and everything to gain. Install it today on your MetaTrader 4 platform, configure your preferred settings, and watch as Reef Scalper EA locks in consistent, low-risk profits. Join thousands of traders who have already discovered the YoForex advantage—grab your copy and start scalping smarter, not harder!

⚡️ Upgrade
• Added Dynamic Spread Filter for sub-2-pip entry conditions
• Enhanced multi-timeframe confirmation logic for tighter signals
• Optimized money-management engine to reduce drawdown by 0.5%
• Improved notification system for real-time trade alerts

Happy Trading!