Ghost Scalper Source Code V4.00 MT5

Introduction

Ghost Scalper Source Code V4.00 MT5 is a full MQL5 source-code package of the Ghost Scalper Expert Advisor for MetaTrader 5. It is built for XAUUSD (Gold) and uses selective breakout and momentum conditions instead of opening trades on every candle. Four independent strategies (Ghost A, B, C and D) can run in one EA, each with its own direction, trailing profile and risk settings. Version 4.0 adds three trailing profiles, Auto Offset V1 on Dynamic Fast Trail, broker and VPS quality monitoring, and extra dashboard analysis. The source files let you inspect the logic, compile your own .ex5 and adjust modules. Results depend on broker execution, spread, slippage and combined risk. There is no guaranteed profit.

Key Features

• Full MQL5 source code for MetaTrader 5
• Designed for XAUUSD / Gold
• Four independent strategies: Ghost A, Ghost B, Ghost C and Ghost D
• Each strategy can be enabled or disabled with its own lot or risk
• Selective breakout and momentum entries with pending orders
• Three trailing profiles: Old Trail, Dynamic Fast Trail and Dynamic Wide Trail
• Auto Offset V1 on Dynamic Fast Trail only
• Fixed lot, risk percent or risk-per-balance money management
• Stop Loss, Take Profit and hybrid broker-side plus virtual protection
• Optional USD news filter and News Week Risk Mode
• Weekend pending-order block (Friday 22:00 to Monday 00:00 broker time)
• Broker Quality and VPS Quality monitoring
• Dashboard modes: BIG, SMALL and OFF
• Live Optimizer for analysis (does not auto-change strategy parameters)

Recommended Settings

Pair: XAUUSD (Gold)
Timeframe: H1
Platform: MetaTrader 5
Algo Trading: ON
Account: Low-spread ECN-style MT5 account
VPS: Stable VPS close to the broker server
News filter: Allow WebRequest in MT5 if the news filter is used
Risk: Start conservative; set risk separately for Ghost A–D and watch combined exposure
Trailing: Dynamic Fast Trail is the default in version 4.0; confirm in your source inputs before live use
Testing: Compile the .mq5, attach to XAUUSD H1 on demo, wait for valid setups and do not force trades

Default-style inputs on earlier Ghost guides included Magic Number 2101, Allow Buy/Sell true, Check Margin true and a maximum spread example of 3.0 pips. Always verify the exact inputs inside the V4.00 source before you trade.

Advantages

• Source code ownership: inspect, edit and compile the EA yourself
• Four modules in one chart instead of a single locked strategy
• Selective entries reduce constant overtrading on gold
• Per-strategy risk, direction and trailing control
• Virtual fallback can still protect a trade if the broker rejects an SL modify
• News window and weekend pending cleanup add operational control
• Dashboard shows execution quality, slippage and per-strategy results
• Lower screen time on H1 gold after a correct setup

Disadvantages

• Gold-only focus; not a multi-pair system
• Four strategies can stack risk if all run at once
• Breakout/momentum logic can struggle in long ranging markets
• Live results change with spread, slippage, rejects and contract specs
• News filter fails if WebRequest is not allowed
• Needs a reliable VPS; a dead terminal leaves trades unmanaged except for any broker SL already placed
• Backtests and live signals are not future performance
• You must compile, store and update the source yourself
• Poor fit for complete beginners or anyone expecting guaranteed returns