About the Scalper Gold EA MT4 Expert Advisor
The winning Scalper Gold EA for Metatrader 4 is designed to trade the XAUUSD (Gold) on the 5-minute chart fully automated.
It combines short-term momentum, dynamic spreads checks, and time-based windows to minimize slippage and avoid trading into major news spikes.
Trade logic is coded for stability, with optional break-even, trailing, and partial close modules, allowing you to tailor the risk profile to your trading style.
The expert advisor opens 3-7 trades a day and analyzes the shorter-term price fluctuations on the Gold chart.
It uses a proprietary trading system that buys the dip in uptrends and sells rallies in downtrends.
The expert advisor achieved a 426.54% gain in just 4 months. So, it’s worth trying it out.
The EA provides some options to further fine-tune it according to your own preferences.
Free Download
Download the “SCALPER GOLD.ex4” expert advisor
Key Features
Tick-Driven Entry Logic
Reads fresh ticks and micro-structure to time entries during short momentum surges, ideal for gold’s characteristic bursts.
Adaptive Spread Filter
Automatically pauses entries when spreads widen, then resumes when conditions normalize to protect average trade quality.
Session & News Awareness
Time windows let you focus on the London/NY overlap, with optional news pause intervals to avoid unpredictable spikes.
Risk Modules Built-In
Fixed or balance-percent position sizing, soft/hard stop loss, trailing stop, and break-even shift for controlled drawdowns.
Trade Management Automation
Partial take-profit and step-based trailing enable smoother equity curves versus all-or-nothing exits.
Clean Reporting & Alerts
On-chart stats, push/email/terminal alerts for entries, exits, and errors help you monitor performance at a glance.
MyFXBook Trading Results
Find below the detailed Scalper Gold EA track record for 4 trading months (click on the picture for full-size view).
Key Points
- Gain: +426.54% (4 months)
- Daily profit: +1.37%
- Monthly profit: +53.91%
- Drawdown: 10.59%
When evaluated on a dedicated XAUUSD account, the EA typically shows a high trade count with modest average pips per trade, relying on tight risk and quick exits.
Expect clusters of small wins interspersed with controlled losses, with performance strongest during liquid hours.
Equity curves generally improve when spread filters and time windows are respected, and when trailing logic is used to lock gains during extended pushes.
Trading Chart
The picture below shows the Scalper Gold EA attached to the XAU/USD M5 trading chart.
How the EA Works
- Scans short timeframes for micro-trend acceleration and confirmation.
- Checks live spread against your maximum threshold before placing orders.
- Applies fixed or percent risk to size positions consistently.
- Sets initial stop loss and take profit, with optional break-even and trailing.
- Manages exits via partial TP or trailing when momentum persists.
- Pauses around defined times or news windows to reduce event risk.
Download Now
Download the “SCALPER GOLD.ex4” EA
Parameters & Settings
- LotSize / RiskPercent (choose fixed or balance-based sizing).
- StopLoss (points), TakeProfit (points), BreakEven (pips), TrailStart / TrailStep.
- MaxSpread (points), Slippage (points), MaxOrders / OneTradePerSymbol.
- TradeSessionStart / TradeSessionEnd, FridayCloseTime, NewsPauseMinutes.
- MagicNumber, Unique ID for multi-chart deployments.
- Alerts: Push, Email, Terminal notifications on entries/exits.
Recommended Trading Setup
- Symbol: XAUUSD with raw/ECN spreads and fast execution.
- Timeframe: M1–M5 for scalping; test M15 if spreads are wider.
- Broker: Low latency, stable connectivity, favorable gold margins.
- Account: ECN/RAW with commissions acceptable for high trade frequency.
- VPS: Proximity to the broker server to reduce slippage.
- Risk: Start at 0.25%–0.5% per trade, scale only after stable results.
FAQ
Does it work on pairs other than gold?
It is optimized for XAUUSD. You can test other metals or pairs, but gold conditions deliver the intended edge.
Which timeframe is best?
M1–M5 captures the strategy’s micro-bursts. If your spreads are higher, consider M5 for fewer but cleaner signals.
Can I run multiple charts?
Yes. Use a unique MagicNumber per chart and ensure your risk is allocated across instances sensibly.
What initial risk settings do you recommend?
Begin small (0.25%–0.5% per trade) until you confirm execution quality and broker conditions.
How do I avoid news spikes?
Use the session filter and news pause minutes to halt trading before and after major events.
Summary
The Scalper Gold EA MT4 is a focused scalping solution built for gold’s fast micro-trends.
With adaptive filters, robust risk modules, and clear monitoring tools, it provides a disciplined pathway to automated trading.
Download it free, forward-test under realistic conditions, and refine parameters to match your broker, VPS, and risk appetite for the best results.
