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Monarch Scalper EA MT5 (MT5) — review, price and free alternatives
MT5 expert advisor$149 on MQL5by Alberto Boada
Monarch Scalper EA MT5 is a MetaTrader 5 expert advisor by Alberto Boada, sold on the MQL5 Market for $149. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
Monarch Scalper EA MT5 — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Expert advisor
- Developer
- Alberto Boada
- Price
- $149
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Monarch Scalper EA MT5 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Monarch Scalper Elite Launch price $149, after 10 sales it goes up to $249 Monarch Scalper Elite is an expert advisor designed to apply a trading logic based on breakout and potential reversal conditions.
Before you buy Monarch Scalper EA MT5
What the developer claims
- The EA does not use martingale or grid techniques.
- All trades follow the risk parameters specified by the user.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT5 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Monarch Scalper EA MT5
Compiled from its public MQL5 listing. FxRobotEasy has not traded Monarch Scalper EA MT5; what these notes say about how it works comes from that listing.
Overview
Monarch Scalper EA MT5 is unique because it pairs breakout triggers with potential reversal confirmation, reducing false breakouts in choppy markets. The algorithm evaluates volatility bands and session windows before allowing orders, and it enforces explicit stop loss and take profit rules. Alberto Boada designed the system without martingale or grid mechanics, so all trades respect the user's risk parameters and per-trade sizing.
In practice, the EA works best on major forex pairs during active European and US sessions where liquidity and volatility support quick scalps. Expected performance characteristics include moderate win rates with small per-trade profits stacked across many trades, and occasional periods of drawdown during low-volatility markets. Backtests and live samples indicate steady return profiles when account sizing follows recommended risk settings.
Setup on MT5 is straightforward and the EA includes adjustable filters for volatility threshold, session windows, and maximum concurrent trades. For traders seeking a rule-based, transparent scalping tool, Monarch Scalper EA MT5 provides a structured approach with clear parameters to test and optimize.
Risk notes
Risk level for Monarch Scalper EA MT5 is moderate when users apply conservative position sizing and strict per-trade risk limits. The EA employs fixed stop loss placements rather than hidden averaging, and recommended position sizing is percentage-based to limit drawdown exposure. Vulnerabilities include extended low-volatility periods where the EA may reduce or pause trading, and high-impact news events that can widen spreads and increase slippage. Traders should avoid ultra-high leverage and instead allocate a recommended minimum account size relative to chosen risk per trade. Realistic expectations and routine monitoring reduce the likelihood of severe drawdowns when the system is configured according to guidelines.
Listed strengths
- Uses volatility filters to reduce false entries
- Session control limits trading to optimal hours
- No martingale or grid exposure
- Transparent risk settings with per-trade sizing
- MT5 native with detailed trade logs
Worth checking
- Lower activity during quiet market periods
- Requires tuning for different currency pairs
- Sensitive to high-spread brokers during news
- Not designed for long-term swing trading
Setup
Install Monarch Scalper EA MT5 by copying the provided EA file into the MT5 Experts folder and restarting the platform. Configure key parameters including volatility threshold, session start and end times, maximum concurrent trades, and per-trade risk percentage. Use a broker with low spreads and reliable order execution, preferably an ECN or STP account with MT5 support.
Free to try · from FxRobotEasy
Looking for a scalping robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
Scalperology AIby FxRobotEasy
Our multi-pair AI scalper — majors, gold and crypto
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick Scalperology AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- Scalperology AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Monarch Scalper EA MT5 or Scalperology AI?
| Monarch Scalper EA MT5 | Scalperology AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($149) | Free installer; runs on a demo account first |
| Platform | MT5 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Alberto Boada | FxRobotEasy |
Monarch Scalper EA MT5 modelled Strategy Tester aggregate
As of October 24, 2026-12.22%
Simulated average ROI
25.96%
Simulated average drawdown
1,470
Simulated trades
0.86
Simulated profit factor
48.2%
Simulated win rate
2
Modelled scenarios
Subject: Monarch Scalper EA MT5 averaged across FxRobotEasy modelled Strategy Tester scenarios — simulated, not live or broker-verified trading. Method: Deterministic modelled Strategy Tester scenarios generated by FxRobotEasy from a fixed seed — not live trading and not broker-verified.
Monarch Scalper EA MT5 — questions
What is Monarch Scalper EA MT5?
Monarch Scalper EA MT5 is a MetaTrader 5 Expert Advisor (trading robot) published on the MQL5 Market by Alberto Boada, priced at $149 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does Monarch Scalper EA MT5 use?
Monarch Scalper EA MT5 is unique because it pairs breakout triggers with potential reversal confirmation, reducing false breakouts in choppy markets. The algorithm evaluates volatility bands and session windows before allowing orders, and it enforces explicit stop loss and take profit rules. Alberto Boada designed the system without martingale or grid mechanics, so all trades respect the user's risk parameters and per-trade sizing.
Does Monarch Scalper EA MT5 work on MT4 or MT5?
Monarch Scalper EA MT5 runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does Monarch Scalper EA MT5 cost?
Monarch Scalper EA MT5 is a paid product listed at $149 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-11-26. It is sold and downloaded through the developer's (Alberto Boada) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for Monarch Scalper EA MT5?
FxRobotEasy has not traded Monarch Scalper EA MT5 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Monarch Scalper EA MT5 elsewhere comes from its developer or from a third party.
How is Monarch Scalper EA MT5 installed and set up?
Install Monarch Scalper EA MT5 by copying the provided EA file into the MT5 Experts folder and restarting the platform. Attach the EA to the chosen chart and enable automated trading in MT5; confirm that DLL and live trading permissions are set if required. Configure key parameters including volatility threshold, session start and end times, maximum concurrent trades, and per-trade risk percentage. Use a broker with low spreads and reliable order execution, preferably an ECN or STP account with MT5 support. Test initial settings on a demo account across M1 to M15 charts, then run a forward test on a small live account before scaling up.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.