ThunderGold Scalper Source Code V1.40 MT5

Introduction

ThunderGold Scalper Source Code V1.40 MT5 is a MetaTrader 5 Expert Advisor package for automated gold trading. It is built for XAUUSD and GOLD on the M15 timeframe and uses a multi-factor decision engine to find qualified setups instead of trading all the time. The source-code version lets you inspect and compile the EA in MetaEditor, subject to the license on YoForex EA. The official 1.4 line is described as no-grid trading with automatic stop loss, take profit and trailing stop. Results depend on broker conditions, settings and risk. Always demo test before live use.

Key Features

• MetaTrader 5 Expert Advisor with source code
• Designed for XAUUSD and GOLD
• Recommended timeframe: M15
• Fully automated entries and position management
• No grid strategy (publisher claim)
• Automatic stop loss and take profit
• Dynamic trailing stop
• Optional custom SL, TP and trailing points in v1.4
• Risk-percentage or fixed-lot sizing
• Trend, momentum, candle-quality and volume filters
• High-impact news filter (ForexFactory feed in v1.4)
• Holiday and market-closure protection
• Slippage adjustment and daily trade limit / cooldown
• Informational trading panel
• Broker Type input, including Exness point adjustment

Recommended Settings

• Platform: MetaTrader 5
• Pair / symbol: XAUUSD or GOLD
• Timeframe: M15
• Account type: Raw Spread or Raw ECN
• Starting lot: 0.01
• Recommended risk: 0.5% to 1% per trade
• Maximum recommended risk: 2% per trade
• Minimum deposit (publisher): from 100 USD
• Broker Type: Default, or Exness if you trade with Exness
• News filter: enabled; NewsCurrencies default USD (or empty for all)
• Allow WebRequest for the ForexFactory URL if using the v1.4 news filter
• VPS: recommended, close to the broker server; Algo Trading must stay ON

Advantages

• Automates gold execution on MT5 so you are not clicking every M15 scalp
• Defined SL/TP per trade instead of a hidden grid
• Selective filters, news block, holiday protection and daily limits reduce overtrading
• Risk can be set by percentage or fixed lot
• v1.4 adds custom SL/TP/trailing inputs and a ForexFactory high-impact news feed
• Source code can be inspected and compiled if the license allows it
• Publisher lists test environments: TMGM, Vantage, VT Markets

Disadvantages

• Short stop loss on gold can produce several losses in a row
• Sensitive to spread, slippage, latency and symbol specs
• Not for MT4
• News filter needs correct WebRequest setup
• Source code is not a profit guarantee and may not include unrestricted commercial rights
• Wrong custom SL/TP or high risk after losses can increase drawdown
• Backtests and any live signal are historical only; live results will differ by broker
• Needs a stable VPS and continuous Algo Trading

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.