Gold Scalpin EA V1.60 MT5

Gold Scalpin EA V1.60 MT5 – XAUUSD Scalping EA on M5

The Gold Scalpin EA V1.60 MT5 is a focused, automated Expert Advisor built exclusively for trading gold (XAUUSD) on the M5 timeframe. It uses short-term price-action and breakout logic to detect momentum moves and enter trades when price breaks defined trading structure. This bot automates your scalping strategy while keeping everything simple and fully configurable.

Key Features

• Designed specifically for XAUUSD (GOLD)
• Recommended timeframe: M5
• Automated breakout and momentum-based entries
• Configurable lot size and risk settings
• Stop-loss and take-profit management
• No grid or martingale recovery system
• Built for Strategy Tester and demo testing
• Compatible with MetaTrader 5

Recommended Settings (start with these conservative values)

• Pair: XAUUSD (use the correct symbol provided by your broker – e.g. XAUUSD, XAUUSDm or GOLD)
• Timeframe: M5
• Lot size: Start small (e.g. 0.01 or 0.05) and increase only after demo testing
• Stop-Loss: Set based on your risk tolerance (e.g. 20-50 pips)
• Take-Profit: Set based on your risk/reward (e.g. 30-60 pips)
• Trading permissions: Enable only when ready

Advantages

• Fully automated – no screen time needed
• Consistent execution of your breakout strategy
• Simple and focused (no complicated indicators)
• Full control over risk

Disadvantages

• Drawdown possible during losing streaks
• Performance depends on broker spread, slippage and execution quality
• Requires realistic backtesting first
• Not suitable for traders who dislike any form of drawdown

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.