MosquitoBite EA V1.1 MT4: Dual-Order Forex Scalper


Introduction


Tired of one-size-fits-all EAs that promise the moon but barely clear the horizon? Meet MosquitoBite EA V1.1 for MT4—a nimble, dual-order scalper designed to adapt on the fly. It’s free from fancy martingale fiddles or grid gymnastics; instead, it leans on tried-and-true indicators and a smart order-management trick. You’ll get both buy and sell orders stacked strategically, a time filter to keep it trading only when the juice is worth the squeeze, and an auto-trawl feature that closes positions opened by the adviser. Sound intriguing? Let’s dive in.


Strategy Overview


At its core, MosquitoBite EA exploits short-term price swings by combining Bill Williams’ Alligator indicator with a 120-period Moving Average (MA). When the Alligator’s green line crosses above its blue line and both cross the MA120 upwards, you’ve got a buy signal; reverse that for sells. But here’s the twist: as soon as a new signal flips direction, the EA adds opposing orders beneath (for buy) or above (for sell) your initial position. This dual-order mechanic aims to capture momentum shifts and lock in profits on quick reversals. No need for manual hedging—MosquitoBite does it for you.


MosquitoBite EA V1.1 MT4


How MosquitoBite EA Works


Indicator Combo: Alligator Meets MA120


The Alligator indicator, with its three smoothed moving averages, filters out noise and highlights emerging trends. MosquitoBite zeroes in on two of those lines: the green (lips) and blue (teeth). Once these two cross—and subsequently cross the MA120—the EA kicks off a trade. Why MA120? It’s long enough to smooth out spikes yet responsive enough for scalping. The combo gives you both trend-confirmation and momentum detection in one neat package.


Dual-Order Execution Logic


Here’s where MosquitoBite stands out. Suppose it opens a buy trade at your preset lot size. The moment a sell signal triggers, the EA automatically places a sell order below your buy entry. If markets rebound, that sell order can lock in profit; if not, your original buy is still in play. And vice versa for initial sell trades opening buys above. You basically get a built-in counter-trade hedge—without the confusion of manual order timing.


Time Window & Trawl Function


Worried about erratic midnight spikes or low-liquidity sessions? MosquitoBite lets you define a trading window—say, 03:00 to 10:00 server time—so it only fires orders when volatility’s optimal. Beyond that, there’s the “trawl” setting: think of it like a trailing filter that keeps the EA active in your chosen terminal or currency pair until your exit criteria hit. And remember—it auto-closes any positions it opened, so no stray trades cluttering your account overnight.


Key Features



  • Alligator & MA120 crossover – filters noise, pinpoints momentum

  • Dual-order execution – automatic counter-trade placement

  • Configurable time filter – trade only during peak hours

  • Auto-trawl – stays active in terminal/pair until exit signal

  • Self-managed exits – closes EA-opened trades, avoids manual clean-up

  • No martingale/grid – risk-averse scaling, consistent lot sizing

  • Customizable parameters – tweak MA period, Alligator settings, lots

  • Light CPU footprint – runs smoothly on any MT4 build


MosquitoBite EA V1.1 MT4Installation & Configuration



  1. Download the MosquitoBite_EA_v1.1.mq4 file from your source.

  2. Copy it into MQL4/Experts under your MT4 data folder (File → Open Data Folder).

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

  4. Drag MosquitoBite EA onto your chart (EURUSD or any supported pair).

  5. Adjust inputs:



  • Alligator_Lips & Teeth periods (default = standard settings)

  • MA_Period = 120 (can be tuned)

  • Allow_Trading_Hour_Start & End (03:00–10:00 by default)

  • Enable_Trawl = true/false


     6. Enable AutoTrading and click “OK.”


     7. Watch as MosquitoBite takes care of entries, hedges, and exits.


Tips & Best Practices



  • Demo first: Always test on a demo account to fine-tune time windows and lot sizes.

  • Pair selection: Best on EURUSD, GBPUSD, XAUUSD—liquid markets yield cleaner signals.

  • News filters: Consider an external news filter—EA doesn’t pause around major releases.

  • Risk management: Stick to 1–2% of equity per trade; dual orders can double exposure.

  • Monitor equity drawdown: If drawdown exceeds your comfort zone, pause trading.


Conclusion


MosquitoBite EA V1.1 MT4 isn’t about flashy gimmicks or complex grid ladders; it’s a straight-ahead scalp tool that marries classic indicators with smart order logic. You define when it trades, it handles the rest—placing buys, layering sells, and cleaning up after itself. Ready to give it a whirl? Load MosquitoBite on your MT4, tweak a few settings, and let it hunt pips while you grab a coffee. Trade responsibly, demo first, and remember: no EA’s perfect, but MosquitoBite just might get you closer.


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