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EA Smart Scalper is an MT4 expert advisor built mainly for gold (XAUUSD) on the M1 chart. It combines internal indicators, support and resistance levels, trend direction, an optional grid and a news filter.
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EA Smart Scalper is an automated trading tool for MetaTrader 4, designed mainly for short-term trading of gold on the one-minute chart. It uses built-in indicators together with support and resistance levels, and it can follow the prevailing trend and optionally add grid orders.
The EA opens trades based on signals from indicators that are built into it, including gold-specific and scalping-specific logic. These signals are combined with horizontal support and resistance levels, and with a buy or sell trend bias, so that entries are meant to follow the direction the market is currently moving.
The product can be run with a grid, where further orders are placed at set distances if price moves against the first position. Grids can recover small pullbacks, but they also increase exposure and margin use when the market trends hard in one direction. Treat the grid settings with care and never assume the basket will always close in profit.
A news filter is included. You choose whether to pause trading around light, medium or heavy impact events, and the EA then stops and resumes trading automatically. The filter needs web access from the terminal, so the news calendar address must be allowed in MT4 first.
Do not run the EA on its default inputs. Load a suitable set file for your quote format and then review the values below. Exact values depend on your broker and balance, so check them rather than copying them blindly.
| Setting | Purpose | What to check |
|---|---|---|
| Start lot size | Volume of the first order | Keep it small relative to your balance |
| Grid options | Controls additional orders | Match the set file to your 2-digit or 3-digit gold quote |
| Spread value | Spread limit used before trading starts | Read the seller's guidance and confirm behaviour on demo |
| News impact level | Light, medium or heavy event filter | WebRequest must be allowed in MT4 |
| Use Smart Scalper | Enables the companion indicator | Indicator must be in MQL4/Indicators |
Trading carries risk, and past results do not predict future ones. Scalping and grid methods can lose quickly during fast gold moves, wide spreads or news spikes. Test on a demo account first and only trade with money you can afford to lose.
For continuous operation, many users run the terminal on a VPS. Check your broker's spread, execution speed and stop level before going live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Gold or XAUUSD, Scalping, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Main market | Gold (XAUUSD); other pairs may be possible, test first |
| Timeframe | M1 |
| Trade style | Scalping with trend filter and optional grid |
| Entry logic | Internal indicators plus support and resistance levels |
| News filter | Built in, needs WebRequest permission in MT4 |
| Requirements | Low-spread broker, stable connection or VPS, correct set file |
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No. This product is an MT4 expert advisor and will not run on MetaTrader 5. Make sure your broker account is on MT4 before buying.
The default inputs are generally not the intended way to run it on gold. Load a set file that matches your broker's gold quote format (2-digit or 3-digit), then check lot size, spread and news options against your account size before going live.
Only if you enable the option in the EA inputs that uses the Smart Scalper indicator. In that case the indicator file must be placed in the MQL4/Indicators folder of your terminal, and the platform restarted, before you attach the EA.
Open Tools, then Options, then the Expert Advisors tab. Tick the option to allow WebRequest for listed URLs and add the news calendar address given in the product instructions. Then choose the news impact level you want in the EA inputs.
The seller's guidance points to a modest deposit for 0.01 lots on a single pair, but you should confirm the figure and its assumptions yourself. Grid trading can need considerably more margin in adverse moves, so test on a demo account first.
Pick a broker with tight gold spreads, fast execution and a quote format that matches the set file. Check how the EA behaves with your broker's spread, commission and stop level on a demo account.
EA Smart Scalper
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