# ScalpEA v2

Detects Fair Value Gap (FVG) zones and places pending orders based on specific filters and conditions.

Canonical: https://prismaticalgos.com/compendium/algo/408-scalpea-v2
Record ID: 408
Catalog rank: 274 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Price Action & Market Structure (E)
Source: https://www.mql5.com/en/market/product/170822
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: XAUUSD
- timeframes: H1, M30
- sessions: Not specified
- market_regime: any

## Indicators

- EMA: {"period": 200}; applied to: close

## Recorded long-entry rules

- third candle closes above the first candle's top wick
- third candle confirmation
- all three candles confirmation
- middle candle wick check
- EMA(200) trend filter

## Recorded short-entry rules

- third candle closes below the first candle's bottom wick
- third candle confirmation
- all three candles confirmation
- middle candle wick check
- EMA(200) trend filter

## Recorded exit rules

- take profit fixed at 500 pips
- stop loss at 200 pips for buy trades, intentionally high
- SELL trade settings with independent TP and SL

## Recorded filters

- duplicate detection
- candle direction filters
- EMA(200) trend filter
- gap size filters
- distance from current price
- zone age
- spread limit
- margin and volume validation
- STOPS_LEVEL compliance

## Risk controls

- Stop loss: 200 pips for buy trades, intentionally high
- Take profit: 500 pips
- Position sizing: fixed lot size or dynamic based on account balance, risk percentage, and stop loss distance