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H4 Gold Scalper is an MT5 expert advisor built for XAUUSD on the H4 chart. It offers several lot sizing methods, a spread filter, a trailing stop and a fakeout filter, with a selectable trade frequency profile.
Get one message the moment it launches, with its price.
H4 Gold Scalper is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) on the H4 timeframe. It automates entries, position sizing and trailing exits, so you mainly decide how much risk the account should carry.
The EA runs on a single XAUUSD chart and manages its own orders. Before opening a trade it applies a set of filters: a spread limit, a margin check and a fakeout filter that tries to skip weak breakout signals. Once a position is open, a trailing stop based on recent highs and lows moves the exit as price develops.
The store tags list scalping and grid, while the product's own description says it avoids grid and loss-recovery lot increases. Because these two statements differ, check the real behaviour yourself in the strategy tester and on a demo account before trusting it with live funds.
You can base calculations on equity instead of balance. A trade frequency profile lets you move between more conservative and more active behaviour.
The EA is built for XAUUSD on H4. Brokers name gold differently, so confirm that the symbol is in your Market Watch and that contract size, digits and trading hours match what you expect. Gold spreads can widen sharply around news and at rollover, which is why the spread filter matters.
Exact input names can differ in the inputs window, so read each field description and keep defaults until you have tested them. The main groups are listed below.
| Setting group | Purpose |
|---|---|
| Lot sizing method | Choose fixed lot, maximum drawdown or risk percentage |
| Risk value | The drawdown or risk percentage used for sizing |
| Equity or balance | Selects which figure is used in lot calculations |
| Spread limit | Pauses new entries when spread exceeds the limit |
| HL trailing | Trailing stop built on recent highs and lows |
| Fakeout filter | Adjustable intensity for filtering weak signals |
| Trade frequency profile | Sets how often the EA looks to trade |
Gold is volatile and can gap or move fast during news. Stated guidance is a deposit of about 500 USD or more and leverage of 1:100 or higher, but check these figures against your broker and your own tolerance. Test on a demo account first and use a risk level you can afford.
Trading carries risk, and you can lose some or all of your capital. Backtest and past results do not predict future ones. Nothing here is financial advice.
For continuous operation, run the terminal on a VPS and check regularly that it stays connected.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor, .ex5) |
| Strategy focus | Gold or XAUUSD, Scalping, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Market | Gold (XAUUSD) |
| Timeframe | H4 |
| Trade style | Short-term entries with trailing exits on gold |
| Lot sizing | Fixed lot, maximum drawdown or risk percentage |
| Account types | ECN/Raw or Standard with controlled spread |
| Requirements | Algo trading enabled; VPS recommended for continuous running |
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No. This is an MT5 expert advisor and will not load in MetaTrader 4. You need a MetaTrader 5 terminal and an account that offers gold.
It is designed for XAUUSD on the H4 timeframe. Broker symbol names vary, for example a suffix may be added, so confirm that your broker's gold symbol is available in Market Watch before attaching the EA.
The product is described as suited to an account of around 500 USD or more with leverage of 1:100 or higher. These are only guidelines. Test on a demo account first and choose a risk level you can afford to lose.
The store's strategy tags and the product's own description differ on grid behaviour, so do not rely on either. Run it in the strategy tester and on a demo account, watch how many positions open at once, and check whether lot size changes after losing trades before going live.
A VPS is recommended because the EA needs the terminal to stay open and connected during market hours. A stable computer with a reliable connection can also work, but interruptions may affect trade management.
Copy the file into the Experts folder via File, Open Data Folder in MetaTrader 5, then refresh the Navigator or restart the terminal. Attach it to an XAUUSD chart and enable Algo Trading. The full steps are in the installation section above.
H4 Gold Scalper
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