Ghost Scalper Source Code V5.20 MT5

Introduction

Ghost Scalper Source Code V5.20 MT5 is an automated Expert Advisor designed for XAUUSD (Gold) trading on the MetaTrader 5 platform. It features four independent trading modules, Ghost A, Ghost B, Ghost C, and Ghost D, allowing traders to configure different trading directions and position-management settings. With editable MQL5 source code, customizable risk controls, and flexible exit options, this EA is suitable for traders interested in automated gold trading and strategy customization.

Key Features

• Four independent trading modules: Ghost A, B, C, and D.
• Automated XAUUSD trading functionality.
• Independent BUY and SELL direction controls.
• Fixed Lot and percentage-based risk options.
• Customizable Stop Loss and Take Profit settings.
• Flexible trailing stop management.
• Optional news and scheduled-event filters.
• Separate magic numbers for individual strategies.
• Editable MQL5 source code.
• Compatible with MetaTrader 5.

Recommended Settings

• Platform: MetaTrader 5 (MT5)
• Recommended Pair: XAUUSD (Gold)
• Recommended Timeframe: H1
• Trading Style: Automated Scalping / Breakout and Momentum
• Lot Size: Start with conservative fixed-lot settings and adjust according to account balance and risk tolerance.
• VPS: Recommended for stable operation.

These are suggested evaluation settings, not guaranteed optimal configurations. Test the EA on a demo account before considering live trading.

Advantages

• Four independently configurable trading strategies.
• Provides editable MQL5 source code for customization.
• Offers flexible position sizing and trade-management options.
• Supports automated trading without constant manual order placement.
• Includes optional news filters and additional risk controls.

Disadvantages

• Designed for MT5 rather than MT4.
• Multiple active strategies can increase combined account exposure.
• Gold market volatility can affect trading results.
• Spread, slippage, and broker execution conditions may influence performance.
• Requires proper configuration, backtesting, and ongoing monitoring.

Support & Disclaimer

Support:

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.