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.