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GoldFish Scalper is an MT5 expert advisor that trades gold (XAUUSD) breakouts. It places pending orders just outside the recent range, can use VWAP as a filter, and puts a stop loss on every trade.
Get one message the moment it launches, with its price.
GoldFish Scalper is an expert advisor for MetaTrader 5 that trades breakouts on gold (XAUUSD). It studies the most recent high and low, places pending orders just beyond that range, and lets price decide whether either order is triggered.
The EA watches a recent block of price bars and marks the highest high and lowest low. It then places a pending buy order above the range and a pending sell order below it. If price pushes through one of those levels, the order fills and the trade is managed by the EA. Every trade carries a stop loss, and the system does not use martingale, averaging down or a recovery grid.
The EA can also check a volume weighted average price (VWAP) before it accepts a setup. The number of bars used in that calculation is adjustable. This acts as a filter, so some breakouts that would otherwise be traded may be skipped.
A breakout setup does not stay valid forever. If price fails to break out within roughly a day, the pending orders are cleared and the EA looks for a fresh setup based on current conditions. This keeps old levels from lingering after the market has moved on.
A compact panel on the chart shows status information so you can see at a glance what the EA is doing.
The EA is built for gold, normally quoted as XAUUSD. Symbol names differ between brokers, so confirm the exact name and digit count on your account. The timeframe logic is handled inside the EA, so check which chart period it expects before you start testing and keep it consistent between your tests and live use.
The set of inputs is deliberately short. The names shown in your terminal may differ slightly from the descriptions below, so read the Inputs tab after loading the EA.
| Input | Purpose | What to check |
|---|---|---|
| Range bar input | Number of recent bars used to find the high and low for the breakout levels | The core parameter; test several values on your own data |
| VWAP bars | Number of bars used for the VWAP calculation, if the filter is used | Adjust only if you rely on the VWAP confirmation |
| Lot size and stop loss | Position size and protective stop distance | Confirm against your balance and the margin your broker requires |
Set files are broker dependent because spreads, execution speed and price data differ. Build, optimise and validate your own settings in the Strategy Tester, then run them on a demo account before using real funds. Optimised values can fit past data without holding up in the future, so avoid over-tuning.
Trading carries risk and you can lose some or all of your capital. Past results, including tester results, do not predict future ones. Breakout systems on gold can suffer from wide spreads, slippage and sudden moves around news releases. Test on a demo account first.
The source code is not included, so the logic cannot be edited. Use the Strategy Tester to learn how the inputs behave before you trade it live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Support and resistance, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Market | Gold, XAUUSD |
| Trade style | Scalping with breakout pending orders |
| Strategy tags | Support and resistance, breakout, VWAP filter |
| Timeframe | Set inside the EA logic; check the inputs after loading |
| Money management | Stop loss on each trade; no martingale |
| Source code | Not included (compiled EX5 file) |
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It is an MT5 expert advisor. It will not load in MetaTrader 4, so make sure your broker account is an MT5 account before buying.
It is designed for gold, normally quoted as XAUUSD. Broker symbol names vary (for example with a suffix), so attach it to your broker's gold chart and confirm the symbol is available in Market Watch. The default settings were prepared with a 3-digit gold quote in mind, so check how many digits your broker uses.
The main inputs are the bar count used to define the recent range and, if you use the VWAP filter, the number of bars for the VWAP calculation. Good values depend on your broker, spread and the period tested, so run your own tests in the Strategy Tester and on a demo account before going live.
Do not assume so. Settings that work on one broker or account type may behave differently on another because of spreads, execution and data. Plan to build and validate your own settings.
No. It places pending breakout orders with a stop loss on each trade and does not add to losing positions. That does not remove risk, and losing trades and drawdowns will still occur.
The minimum depends on your broker, contract size, lot settings and the stop distance in use. Check the lot size input and the stop loss in the settings, and confirm the margin required on a demo account first rather than relying on a general figure.
GoldFish Scalper
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