Scraper Gold EA V3.70 MT5

Introduction

Scraper Gold EA V3.70 MT5 is a fully automated breakout Expert Advisor built exclusively for XAUUSD on the MetaTrader 5 platform. It uses four independent breakout engines to identify untested swing highs and lows, place pending stop orders, and enter only when price breaks the level. Every trade is protected by a hard stop loss and take profit from the moment it is opened. The EA does not use grid, martingale, or averaging strategies. Version 3.70 introduced the Fixed Entry profile as the new default, along with improved per-engine control, slippage compensation, and virtual trailing stop.

Key Features

• Four independent breakout engines (Scrap A, Scrap B, Scrap C, Scrap D)
• No grid, no martingale, and no averaging
• Hard stop loss and take profit on every order
• Multiple engine profiles: Fixed Entry (default), Classic, Adaptive Entry, and Wide Exit
• Per-engine trade direction control (Buy & Sell, Buy only, or Sell only)
• Custom exit parameters per engine (SL, TP, trail start, trail distance, trail step)
• Money management options: Fixed Lot, Risk Percent, or Risk per Balance
• Slippage compensation and virtual trailing stop
• Optional high-impact USD news filter
• Daily loss limit and Friday pending-order cleanup
• On-chart PRO Gold dashboard for live monitoring
• Automatic support for 2-decimal and 3-decimal gold quotes

Recommended Settings

• Pair: XAUUSD
• Timeframe: H1
• Account type: RAW / ECN with low spread
• Minimum starting balance: $200 (using 0.01 lot)
• VPS: Recommended, preferably close to the broker server
• Run the EA on one XAUUSD chart only
• Use the latest v3.70 Fixed Entry presets provided by the developer

Advantages

• Fully automated execution removes the need for constant screen watching
• Clear and transparent breakout logic with hard risk limits on every trade
• Flexible multi-engine design allows traders to run all engines or selected ones
• Strong risk controls including stop loss, trailing stop, news filter, and daily loss limit
• Works specifically on XAUUSD H1, a popular setup among gold traders
• Regular updates and free lifetime updates after purchase

Disadvantages

• Performance depends heavily on broker execution quality and spread
• Drawdowns can occur during strong news events or ranging markets
• Requires a stable VPS for reliable 24/5 operation
• Not suitable for traders looking for high trade frequency or multi-pair diversification
• Results vary based on settings, risk level, and market conditions
• Past backtests and live signals do not guarantee future performance

Support & Disclaimer

Support:

If you need help installing or Downloading 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.