Mon Scalper EA V1.00 MT4

Introduction

Mon Scalper EA V1.00 MT4 is an automated Expert Advisor designed exclusively for MetaTrader 4. It specializes in gold trading using a dual-trendline breakout strategy. The EA combines longer-term and shorter-term trendline analysis to identify high-probability entries on XAUUSD and executes trades automatically with built-in risk controls.

Key Features

• Dual-trendline breakout strategy for clearer entry confirmation
• Optimized specifically for XAUUSD (Gold)
• Fully automated trade entry, management and exit
• Built-in stop loss and take profit on every trade
• Spread and slippage protection filters
• No martingale or grid trading methods
• Break-even and trailing stop options
• Compatible with most MT4 brokers

Recommended Settings

• Pair: XAUUSD
• Timeframe: M15
• Minimum deposit: $450 (recommended $600+ for 0.01 lot)
• Lot size: Start with 0.01 per $500–$600 equity
• Account type: ECN or Raw spread preferred
• VPS: Strongly recommended for 24/7 operation
• Leverage: Any (higher leverage increases risk)

Advantages

• Focused specialization on gold improves parameter optimization
• Dual-trendline logic helps filter false breakouts
• Fully automated operation reduces emotional decision-making
• No high-risk recovery systems such as martingale or grid
• Simple installation and straightforward risk settings
• Suitable for both beginners (default settings) and experienced traders (custom filters)

Disadvantages

• Works only on XAUUSD – not a multi-pair EA
• Limited to MT4 platform
• Requires stable low-spread broker and preferably a VPS
• Performance depends heavily on gold volatility and market conditions
• Not suitable for traders seeking swing or long-term strategies
• Past results do not guarantee future performance

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.