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GoldenScalp is an MT5 expert advisor that trades gold (XAUUSD) with two styles: a single position with a hidden dynamic stop, or a grid of up to three positions. Lot size scales with account balance.
Get one message the moment it launches, with its price.
GoldenScalp is an expert advisor for MetaTrader 5 that trades gold against the US dollar (XAUUSD). It offers two trading styles in one product: a single-position mode with a hidden stop loss, and a grid mode that can open up to three positions.
The expert opens positions on gold and manages each one with several closing rules. The two styles behave quite differently, so it is worth understanding both before you choose.
In this mode only one position is open at a time. Each trade has a hidden stop loss that is worked out individually from the volatility of the last few hours, so the stop distance changes with market conditions. The stop is not visible on the server. If you prefer fixed levels, you can enter your own stop loss and take profit in points using the TakeProfit_Safety and StopLoss_Safety inputs.
This mode has no stop loss. When price moves against the first position, further averaging positions are opened, up to a maximum of three. A grid can look steady for long stretches and then lose heavily in a strong one-way move, so lot size and account size need careful thought.
Defaults depend on the preset you load, so check the values in the input window before trading. The inputs below are the ones that matter most.
| Input | Purpose |
|---|---|
| Funds_for_0,01_of_Lots | Balance required per 0.01 lot. Higher values reduce lot size and exposure. |
| use_MM_recovery | Keeps the lot from falling during drawdowns or after withdrawals when enabled. |
| TakeProfit_Safety | Optional fixed take profit in points. |
| StopLoss_Safety | Optional fixed stop loss in points. |
| GMT_Offset_Manual | Broker winter server time minus GMT, needed for correct backtests. |
The calculated lot size is shown on the chart. If you withdraw funds and want the lot recalculated, change the lot input or re-attach the expert to the chart.
Trading carries risk, and past results do not predict future ones. Gold can move sharply, and grid trading without a stop can produce large losses. Test on a demo account first and use only funds you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (a separate MT4 edition exists) |
| Strategy focus | Gold or XAUUSD, Scalping, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Instrument | Gold, XAUUSD |
| Timeframes | Any; the vendor states behaviour is the same on every timeframe |
| Trade style | Scalping, with a stop-based mode and a grid mode |
| Max open positions | 1 in the dynamic stop mode, 3 in the grid mode |
| Starting balance | Vendor refers to 100 and 200 account units depending on mode; check with your broker |
| Requirements | Algo trading enabled, a broker that offers gold, correct GMT offset input |
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It is designed for gold, quoted as XAUUSD. The vendor says it behaves the same on any timeframe, so the chart period you attach it to is not a key choice. Your broker may name the symbol differently, for example with a suffix, so check the symbol name in Market Watch.
The dynamic stop mode holds at most one position and gives each trade a hidden stop based on recent volatility. The grid mode has no stop loss and can add averaging positions when price moves against the first trade, up to three in total. The grid mode carries a different risk profile, because losing positions are held rather than closed at a fixed stop.
Lot size is based on balance. The input Funds_for_0,01_of_Lots sets how much balance is needed for each 0.01 lot. Raising it gives smaller lots and lower exposure. The stop-based mode has a recovery money management option, use_MM_recovery, that stops the lot from shrinking during a drawdown or after a withdrawal. Re-attach the expert or change the input if you want the lot recalculated.
For correct backtesting you should enter the GMT_Offset_Manual value, which is the difference between your broker's winter server time and GMT. For many brokers this is 2, but confirm it with your broker. In live trading, also check that the expert adjusts its time correctly while the market is open on a weekday.
This listing is for the MT5 edition and will not run on MT4. The vendor offers a separate MT4 edition, which would have to be bought separately.
No. Trading gold with scalping or grid methods carries a high level of risk, and past results do not predict future ones. Test on a demo account and use only money you can afford to lose.
GoldenScalp MT5
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