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Golden Scorpion is an MT5 expert advisor built for gold (XAUUSD). It trades on a time and price approach with three selectable strategy modes and lets you size risk by fixed volume or percent of balance.
Get one message the moment it launches, with its price.
Golden Scorpion is a fully automated expert advisor for MetaTrader 5 that focuses on gold. It looks for price points that it treats as sensitive, based on a time and price approach, and then opens and manages trades without manual input.
The expert watches gold price action together with support and resistance areas and volume, and places orders when its conditions line up. Each trade can carry a stop loss and a take profit. Because the store tags also mention grid, it is sensible to watch on a demo account how many positions the expert holds at the same time under your settings.
Three strategy components can be switched on, each with its own inputs. They are bundled into three modes:
The expert is made for XAUUSD, or the gold symbol your broker provides. It can be attached to any timeframe, and the 1-hour chart is the usual choice for testing. Low spreads matter on gold, so an ECN or low spread account is preferred, and a hedging account type is recommended.
Default settings are the starting point. Check the input tab for the exact names and values in your copy before changing anything.
| Area | What to check |
|---|---|
| Strategy mode | Choose A, B or C according to how much risk you accept |
| Risk method | Fixed volume, or a percentage of account balance |
| Stop loss and take profit | Review the distances for your broker's gold pricing |
| Trailing stop timer | Useful where a prop firm sets timing rules |
Any automated system will have losing trades and losing periods. Gold can move fast and spreads can widen around news, which affects fills and stops. Start with a demo account, use a lot size or risk percentage you can afford, and never trade money you cannot lose.
Trading carries risk, and past results, including back tests, do not predict future ones. Only trade with funds you can afford to lose.
Run it on a VPS if you want it to operate continuously, and check your broker's gold symbol name, digits and leverage before going live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Grid, Support and resistance, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Markets | Gold: XAUUSD or the broker's GOLD symbol |
| Timeframes | Runs on any chart; 1-hour is the suggested test timeframe |
| Trade style | Time and price levels, support and resistance, volume |
| Risk options | Fixed volume or percent of balance |
| Account | Hedging account, low spread or ECN preferred |
| Suggested setup | VPS running 24/5, leverage above 1:100, about 500 USD |
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This listing is the MT5 build and it will only run on MetaTrader 5. A separate MT4 edition exists as a different product, so do not try to load this file into MT4.
It is designed for gold, so attach it to XAUUSD or whatever name your broker uses for gold, such as GOLD. Check that the symbol has 2 or 3 digits and a low spread before you start.
A_MODE runs all three strategy components together and is the most aggressive setting. B_MODE combines two of them and sits in the middle. C_MODE is the most conservative option. Test each one on a demo account to see how it behaves with your broker.
A starting balance of about 500 USD is a common reference point, but the right amount depends on your lot size and risk setting. A hedging account with tight spreads or ECN pricing is preferred. Confirm contract size and margin rules with your broker.
The tool includes a trailing stop timer and percent risk sizing, which are meant to help with prop firm rules. Rules differ between firms, so read your firm's conditions and test on a demo first.
Open the MT5 Strategy Tester, choose the expert, select the gold symbol, set the 1-hour timeframe, enable all three strategy modes and choose your risk method. Use good quality tick data, since gold is sensitive to spread and execution.
Golden Scorpion MT5
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