About the IS Red Scalper Expert Advisor
The IS Red Scalper EA is an advanced scalping robot developed for MetaTrader 4.
It is specifically designed to trade Gold (XAU/USD) on the 1-minute chart, where quick price movements provide frequent trading opportunities.
By using a proprietary scalping strategy, the EA opens and closes trades within very short time frames to capture small but consistent profits.
Unlike grid or martingale systems, the IS Red Scalper EA focuses on a risk-controlled scalping approach, ensuring safer exposure during volatile market sessions.
Traders can expect multiple trades per day, depending on liquidity and volatility conditions.
Free Download
Download the “IS RED EA.ex4” expert advisor
Key Features
High-Frequency Scalping
Designed to execute multiple trades daily, the IS Red Scalper EA focuses on capturing small price movements in the gold market, aiming for consistent profits.
Optimized for M1 Timeframe
While primarily optimized for the M1 timeframe, the EA can be tested on other timeframes to assess its performance under different market conditions.
Proprietary Trading Strategy
The EA employs a unique trading algorithm tailored for the gold market, aiming to identify and capitalize on short-term price fluctuations.
Adjustable Risk Management
Users can customize various risk parameters, including lot size, stop loss, take profit, and volatility settings, to align with their trading preferences.
Broker Compatibility
The IS Red Scalper EA is compatible with any Forex broker that supports MetaTrader 4, providing flexibility in broker selection.
Trading Results
Find below the IS Red Scalper EA track record for the Gold 1-minute chart (click on the picture for full-size view).
Key Points
- Largest profit trade: $5.65
- Largest loss trade: -$0.33
- Total net profit: $3229.52
- Average consecutive wins: 2.75
During the test phase, the IS Red Scalper EA achieved a net profit of $3,229.52 from an initial $100 deposit.
The largest profit trade was $5.65, and the largest loss trade was -$0.33.
The average consecutive wins stood at 2.75, demonstrating the EA’s consistent performance.
Trading Chart
The picture below shows the IS Red Scalper EA attached to the XAUUSD M1 chart.
How the EA Works
- Monitors the gold market for short-term price movements.
- Executes multiple trades daily based on proprietary algorithms.
- Utilizes adjustable risk management settings to control exposure.
- Closes trades promptly to secure profits and minimize losses.
Download Now
Download the “IS RED EA.ex4” EA
Parameters & Settings
- Currency Pair: XAU/USD (Gold)
- Timeframe: M1 (optimized), other timeframes can be tested
- Lot Size: Adjustable based on account balance
- Take Profit: Customizable per user preferences
- Stop Loss: Configurable per user preferences
- Maximum Spread: Adjustable tolerance
- Volatility Settings: Customizable to adapt to market conditions
- Trailing Start: Optional feature to lock in profits
- Magic Number: Unique identifier for trades
Recommended Trading Setup
- Broker: Any MT4-compatible broker
- Account Type: Standard or ECN
- Minimum Account Balance: $250
- Leverage: 1:100 or higher
- VPS: Recommended for 24/5 operation
- Timeframe: M1 (optimized), other timeframes can be tested
FAQ
What is the minimum account balance required?
The recommended minimum account balance is $250 to ensure sufficient margin for trades.
Which currency pair does the EA trade?
The IS Red Scalper EA is designed to trade XAU/USD (Gold).
Can I use this EA on a real account immediately?
It’s advisable to test the EA on a demo account first to understand its performance and settings before using it on a real account.
Is the EA compatible with all brokers?
Yes, the IS Red Scalper EA is designed to work with any Forex broker that supports MetaTrader 4.
Summary
The IS Red Scalper EA offers a robust solution for traders seeking to automate their scalping strategies in the gold market.
With its high-frequency trading approach and customizable settings, it provides a systematic way to capitalize on short-term price movements.
