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Diamond Scalper is an MT5 expert advisor built for XAUUSD (gold). It combines one trend-following and two breakout modules with eleven risk modes, a news filter, Friday close and account-level loss limits.
Get one message the moment it launches, with its price.
Diamond Scalper is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) only. It bundles three separate strategy modules, a choice of eleven risk and stop profiles, and several protective controls, so you can run rule-based automation on one chart.
The EA combines one trend-following module with two breakout modules. Each can be enabled or disabled on its own, so you may run a single strategy, two, or all three. The exact entry logic is not disclosed, so this page describes behaviour and controls rather than signals.
Once a position is open, the same trailing-stop engine manages it, whichever module opened the trade. This keeps exit handling consistent across the strategies.
Use it on XAUUSD only, on an M1 chart. Each strategy works on its own internal timeframe, so the chart period is simply the one specified for setup. Gold can move fast and spreads can widen around news and at rollover, so check your broker's typical spread and symbol naming.
The exact default values come from the set file for XAUUSD, so check them in the inputs window rather than relying on this page. The main groups are listed below.
| Group | What it controls |
|---|---|
| Strategy switches | Turns the trend module and the two breakout modules on or off |
| Trading mode | Selects one of eleven stop and target profiles |
| Money management | Fixed volume, fixed risk as a percentage of balance, or custom balance-stepped lots |
| Account protection | Max daily loss and max drawdown percentages; pause new trades and optionally close everything |
| News filter | Pause around high-impact or medium and high-impact news, with minutes before and after |
| Friday close | Closes or cancels EA trades ahead of the weekend gap |
| Spread limit | Blocks new entries when the spread is above your chosen value |
The design avoids martingale, grid and hedging, and the account limits are meant to cap exposure. They do not remove risk. Gold can gap, slip and widen spreads, and stops may fill at worse prices than requested.
Trading carries risk, and past or simulated results do not predict future ones. Only trade with money you can afford to lose, and test on a demo account before going live.
For a backtest, open the Strategy Tester, pick the EA, XAUUSD and M1, and use real tick data where your broker offers it. Poor tick data or wrong settings can hide problems that only show up live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Market | XAUUSD (gold) only |
| Chart timeframe | M1; each strategy uses its own internal timeframe |
| Trade style | Scalping and day trading, trend-following plus breakout |
| Money management | Fixed volume, fixed risk (% of balance) or custom risk |
| Account protection | Max daily loss %, max drawdown %, spread limit |
| Requirements | Algo trading enabled, set file for XAUUSD, stable connection or VPS |
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It is made for XAUUSD only. Attach it to one XAUUSD chart set to M1. The strategies work on their own internal timeframes, so you do not need to change the chart period to match them. Check that your broker's gold symbol name and suffix are accepted by the EA.
No. This version is an MT5 expert advisor and will not run on MT4. You need a MetaTrader 5 terminal and an account that allows automated trading on gold.
Yes, the setup relies on one set file for XAUUSD. Check whether it is included with your download. If it is not, contact the seller to obtain it before you trade live, because correct configuration matters for how the EA behaves.
The design avoids martingale, grid and hedging, so lot size is not raised to recover losses and entries are not stacked at fixed intervals against an open position. You should still confirm lot-size behaviour in your own settings and on a demo account.
Choose a money-management method and risk level that suit your balance, then set the max daily loss and max drawdown limits. You can also enable the spread limit, news filter and Friday close. Test every combination on a demo account first.
Yes, in the MT5 Strategy Tester. Select XAUUSD, period M1 and, where your broker provides real tick history for gold, the model based on real ticks. A backtest depends on data quality and does not predict future results.
Diamond Scalper MT5
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