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Gold Butterfly Scalper Pro is an MetaTrader 4 expert advisor for gold (XAUUSD), built mainly for the M15 chart. It opens market orders with preset stop loss and take profit, and includes a trend filter, time filters and optional trailing.
Get one message the moment it launches, with its price.
Gold Butterfly Scalper Pro is an expert advisor for MetaTrader 4 that trades gold (XAUUSD). It is intended mainly for the M15 chart and combines a trend filter with short-term entries, placing market orders with a stop loss and take profit attached.
The robot looks at the prevailing direction of the market and times entries around volatility, mixing trend-following and counter-trend ideas. Each trade is sent as a market order with a preset stop loss and take profit. You can also switch on a moving average filter, which lets you restrict entries to the direction of a trend measured on a timeframe and period of your choice.
The expert is designed for XAUUSD on M15. Other symbols or timeframes are not what it was built for, so test carefully before trying them. Gold quotes differ between brokers in symbol name, digits, spread and server time, so the trading hours setting should be checked against your broker's server clock.
Default values are meant as a starting point. Exact defaults can differ between releases, so open the inputs tab after attaching the expert and review each value before trading live.
| Setting group | What it controls |
|---|---|
| Lot, Autolot, Risk | Fixed lot size, or automatic sizing based on a risk percentage |
| Magic Number, Trade Comment | Identifies and labels the orders placed by the expert |
| Spread Allowed | Maximum spread at which new trades may open |
| Enable ma, timeframe, periods, price | Moving average trend filter |
| Take Profit, Stop Loss | Exit levels for each order |
| Fixed trading hour options | Custom start and stop time |
| Bars to Close | Time-based exit after a set number of bars |
| Trailing Stop, Start only in Profit, Step | Trailing behaviour in points |
| Recovery mode, Recovery Factor | Raises the lot size to try to recover losses |
Scalping gold can be affected heavily by spread, slippage, news events and execution delay. The recovery mode increases position size after a loss and can enlarge drawdowns quickly, so treat it with great caution. Auto lot sizing also changes exposure as your balance changes.
Trading carries risk, and past results, including backtests, do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
For steady operation, run the terminal on a VPS close to your broker's server. The seller advises keeping latency low, around 100 ms or less. If you run strategy tester checks, use tick-level data of good quality, because results on gold depend heavily on data and spread assumptions.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading robot |
| Main market | Gold (XAUUSD) |
| Main timeframe | M15 |
| Trade style | Scalping with trend and counter-trend elements |
| Order type | Market orders with stop loss and take profit |
| Recommended accounts | ECN, STP or NDD brokers with low gold spreads |
| Requirements | Algo trading enabled; VPS advised for steady uptime |
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No. This version is built for MetaTrader 4 and will not load in MetaTrader 5. If you use MT5, look for a product that is listed for that platform.
It is designed mainly for gold (XAUUSD) on the M15 chart. Your broker may name the symbol differently, for example with a suffix, so check the symbol name in Market Watch before attaching the expert.
Scalping on gold is sensitive to spreads, slippage and execution speed, so accounts with tight spreads and fast execution, such as ECN, STP or NDD, are generally preferred. Use the spread limit setting to stop trades opening when spreads are wide.
Extract the downloaded archive, then in MT4 choose File, Open Data Folder, and copy the expert file into MQL4/Experts. Restart MT4 or refresh the Navigator, open an XAUUSD M15 chart, drag the expert onto it and enable Algo Trading.
The right amount depends on your broker's contract size, leverage and the lot or risk setting you choose. Check the deposit recommended by the seller, test on a demo account first and avoid risking money you cannot afford to lose.
The normal trade logic uses a stop loss and take profit on each order. However, the optional recovery mode multiplies the lot size, which raises risk considerably. Leave it off unless you fully understand the effect on your account.
Gold Butterfly Scalper Pro
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