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- Dec 16, 2024
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Gold Scalper Trading EA is an Expert Advisor (EA) for MetaTrader 4 (MT4) designed specifically for trading gold (XAUUSD).
It uses a high-frequency scalping strategy to profit from short-term price movements without requiring manual monitoring. After testing it in various market conditions, I found its precision and risk management effective in delivering consistent profits.
During periods of high volatility (e.g., major news events), performance can vary. To address this, the EA’s news filter automatically pauses trading, protecting capital during unpredictable market movements.
While drawdowns can occur during volatility, they are typically brief and well-managed. The combination of risk management and the news filter ensures quick recovery, allowing the EA to resume profitable trading when the market stabilizes.
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It uses a high-frequency scalping strategy to profit from short-term price movements without requiring manual monitoring. After testing it in various market conditions, I found its precision and risk management effective in delivering consistent profits.
Recommended Settings
To get the best results, use these settings:- Platform: MetaTrader 4 (MT4)
- Timeframes: M1, M5
- Pair: XAUUSD (Gold)
- Minimum Deposit: $1,000
Key Features
- High-Frequency Scalping: Executes multiple trades daily to capture small price movements for steady profits.
- Risk Management: Includes stop-loss and take-profit settings to control risk.
- Advanced News Filter: Stops trading during major news events to avoid unexpected volatility.
Strategy
Gold Scalper EA focuses on short-term trades, performing best during low to moderate volatility periods, such as the Asian session. It uses technical indicators like moving averages and oscillators to identify overbought or oversold conditions. Trades are executed quickly with tight stop-loss levels, minimizing losses and securing small, consistent gains.During periods of high volatility (e.g., major news events), performance can vary. To address this, the EA’s news filter automatically pauses trading, protecting capital during unpredictable market movements.
Performance and Drawdowns
Testing shows that Gold Scalper EA delivers steady account growth with controlled drawdowns. Its high-frequency trades capitalize on small opportunities throughout the day, maintaining a smooth equity curve under stable market conditions.While drawdowns can occur during volatility, they are typically brief and well-managed. The combination of risk management and the news filter ensures quick recovery, allowing the EA to resume profitable trading when the market stabilizes.
FREE Download