
Golden Scalping EA is an MT4 expert advisor that trades breakouts of strong price levels on gold (XAUUSD), with a fixed stop loss on every order and an optional trailing stop. Trading carries risk.
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Golden Scalping EA is an expert advisor for MetaTrader 4 that trades gold. It looks for breakouts of strong price levels and opens short-term positions, each with a fixed stop loss attached.
The strategy is based on price breaking through levels that the market has respected. When such a level gives way, the expert advisor opens an order in the direction of the break. Every order is placed with a fixed stop loss, so each position has a defined exit if the move fails. The developer describes the stop as small relative to the target, but you should confirm how this behaves on your own broker's data before trading live.
A trailing stop, measured in points, can be used to follow price once a trade moves in your favour. Because the system is a scalper, it is sensitive to spread, execution speed and the minimum stop distance set by your broker.
The expert advisor has a short list of inputs.
| Input | Purpose |
|---|---|
| Lot Mode | Chooses how the trade volume is selected |
| Stop Loss | Fixed stop loss applied to each order |
| Trail | Trailing stop distance in points |
| Magic | Magic number used to identify the orders placed by this expert advisor |
Brokers quote gold with different numbers of decimal places. If no orders open during testing, the Stop Loss and Trail values may be one digit out for your broker. Try adding or removing a zero in those two inputs and test again. Default values and exact lot options can differ, so review the input tab after attaching the expert advisor.
Scalping gold means short holding times and a high sensitivity to spread and slippage. Wide spreads during news or rollover can change how the strategy behaves. Test on a demo account first, use a lot size that suits your balance, and avoid running other expert advisors with the same magic number.
Trading carries risk, and you can lose some or all of your capital. Past results, including any back-test, do not predict future ones.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Gold or XAUUSD, Scalping |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Instrument | Gold (XAUUSD) |
| Timeframe | H1 |
| Trade style | Scalping on breakouts of strong price levels |
| Account type | ECN or other low-spread, low-stop-level accounts |
| Leverage | 1:100 or higher suggested by the developer |
| Inputs | Lot Mode, Stop Loss, Trail, Magic |
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No. This edition is built for MetaTrader 4 and will not run on MetaTrader 5. If you use MT5, look for a product made for that platform instead.
The developer recommends gold (XAUUSD) on the H1 timeframe. Attach the expert advisor to a single XAUUSD H1 chart. Check how your broker names the gold symbol, since some add a suffix.
Brokers quote gold with a different number of digits. If no orders open during testing, try adding or removing one zero in the Stop Loss and Trail inputs so that the values match your broker's price format.
The developer suggests an ECN or similar account with low spreads and low stop levels, leverage of 1:100 or higher, and a deposit of at least 100 units of account currency. Confirm the conditions with your broker, and size your lots to your own balance and risk tolerance.
The developer states it can be attached to a chart and run with its defaults. You should still test it on a demo account with your own broker's data before using real money, because spreads and digits differ between brokers.
Extract the download, copy the expert advisor file into the MQL4/Experts folder through File > Open Data Folder in MT4, restart the terminal, then drag it onto an XAUUSD H1 chart and enable automated trading.
Golden Scalping EA
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