Gold Scalper FX EA V1.0 MT5

Introduction

Gold Scalper FX EA V1.0 MT5 is a MetaTrader 5 Expert Advisor designed for automated trading on XAUUSD. It is built on the author’s indicators combined with levels and price action. The EA opens only one order at a time, always applies a Stop Loss and Take Profit, and targets a 1:3 risk-reward ratio. It avoids martingale and other high-risk methods, making it suitable for traders who want rule-based gold trading with defined risk controls.

Key Features

• Platform: MetaTrader 5
• Trading Instrument: XAUUSD
• Timeframe: Any (multitimeframe support)
• Strategy: Indicators + Levels + Price Action
• Order Management: Only 1 open order at a time
• Risk Control: Stop Loss and Take Profit on every trade
• Risk-Reward Ratio: 1:3
• No Martingale or dangerous recovery methods
• Broker Compatibility: Works with any broker (low-spread preferred)
• VPS: Highly recommended for continuous operation
• Installation: Simple and straightforward

Recommended Settings

Pair: XAUUSD
Timeframe: Any (multitimeframe)
Minimum Deposit: $100 (recommended $500)
Leverage: 1:500
Account Type: Any
Broker: Any broker with low spread preferred
VPS: Strongly recommended for stable performance

Advantages

• No martingale or high-risk recovery systems
• Stop Loss and Take Profit applied on every position
• Fixed 1:3 risk-reward ratio for structured risk management
• Only one order open at a time, limiting overall exposure
• Works on any timeframe for XAUUSD
• Compatible with most brokers and account types
• Easy installation process
• Designed for consistent rule-based execution

Disadvantages

• Limited to XAUUSD only
• Performance depends on broker spread, slippage and execution quality
• Requires a reliable VPS for uninterrupted running
• Backtest results are historical and do not guarantee future performance
• Needs proper testing on demo before live use
• Market gaps on gold can still affect Stop Loss levels
• Not suitable for traders seeking multi-pair or multi-order systems

Support & Disclaimer

Support:

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

Telegram Group:  Join our community

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.