# ScalpEA v2

Detects Fair Value Gaps (FVG) and trades them with various take profit and stop loss strategies.

Canonical: https://prismaticalgos.com/compendium/algo/591-scalpea-v2
Record ID: 591
Catalog rank: 1040 (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/167553
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
- sessions: Not specified
- market_regime: any

## Indicators

- Fair Value Gap Detection: {"gap_duration": 240, "max_gap": 250, "min_gap": 30, "third_candle_conf": "optional"}; applied to: close

## Recorded long-entry rules

- gap detected
- min_gap met
- third_candle_conf met

## Recorded short-entry rules

- gap detected
- min_gap met
- third_candle_conf met

## Recorded exit rules

- trailing TP
- fixed TP
- experimental trailing SL

## Recorded filters

- min_gap 30 points
- max_gap 250 points
- gap_duration 240 minutes
- third_candle_conf optional

## Risk controls

- Stop loss: 3000 points
- Take profit: 300 points (fixed), 200 points (trailing), 50 points (experimental)
- Position sizing: 0.5% risk per trade, dynamic lot sizing