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LazyBoy Scrapper Scalper EA is an MT5 expert advisor for gold (XAUUSD) that opens short-term trades on any timeframe. You pick one of several safety levels, and optional switches cover trend trades, long-term entries and a daily profit stop.
Get one message the moment it launches, with its price.
LazyBoy Scrapper Scalper EA is an automated trading tool for MetaTrader 5 that focuses on gold. It aims to take many small, short-lived trades from price movement on XAUUSD rather than from indicator signals.
The EA reads how gold price moves and pulls back, and uses that behaviour to decide when to open and close positions. It does not rely on classic indicator patterns. Because it reacts to price rather than to bars on a particular timeframe, it is described as timeframe independent.
Setup is meant to be simple. You choose a safety level, and the EA applies the matching set of risk parameters. Users who want more control can change a small number of extra switches. The product description also mentions a recovery approach after losing trades, so look carefully at how positions are added or managed when testing, and size your account accordingly.
An on-chart panel shows the current status of the EA so you can check it at a glance.
The EA is built for gold, so use it on your broker's XAUUSD symbol. Symbol names can carry prefixes or suffixes, so confirm the exact name in Market Watch. Scalping depends heavily on spread, commission and execution speed, so test on the account type you plan to use.
Exact input names and defaults can differ, so open the Inputs tab and read each option before running the EA. The main groups are:
| Setting group | Purpose |
|---|---|
| Safety level | Chooses a preset risk profile, from cautious to more aggressive |
| Account management | Controls how lot size is handled; check how it scales with your balance |
| Daily profit stop | Stops trading after a set daily amount is reached |
| Trend switch | Turns trend-following trades on or off |
| Long-term positions | Allows extended positions in specific situations |
| Fixed-price entry | Opens a position at a chosen price and direction |
Trading carries risk, and you can lose some or all of your capital. Past results do not predict future ones. Higher safety levels may reduce exposure but cannot remove it. Test on a demo account first and never trade money you cannot afford to lose.
Start with a demo account, watch several trading days, and check that spreads and execution on your broker suit a scalping style before going live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Gold or XAUUSD, Scalping, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Main market | Gold, XAUUSD |
| Timeframes | Not tied to one timeframe |
| Trade style | Scalping with optional trend mode |
| Entry logic | Price-movement based, not indicator based |
| Risk controls | Safety levels, daily profit stop, account management |
| Requirements | Algo trading enabled; broker with a gold symbol |
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No. It is built for MetaTrader 5 and will not load in MT4. Make sure you have an MT5 terminal and an MT5 trading account before buying.
It is designed for gold, so attach it to your broker's XAUUSD chart. The symbol name can differ between brokers, for example with a suffix. The EA is described as timeframe independent, but check the input settings and test on a demo account before going live.
Copy the EA file into the MQL5/Experts folder via File, Open Data Folder in MT5, then restart the terminal or refresh the Navigator. Drag the EA onto a gold chart and enable Algo Trading. Allow automated trading in the properties window that opens.
This depends on your broker, account type and the safety level you choose. Check the input parameters and your broker's contract specifications for gold, and test with a demo or a small account first.
No automated system removes risk. The safety levels and daily profit stop are there to limit exposure, but gold can move fast and spreads can widen. Monitor the account, and remember that past results do not predict future ones.
It should work with brokers that offer gold on MT5, but spreads, execution speed and commissions strongly affect any scalping strategy. Run it on a demo account with your broker's conditions before trading real money.
LazyBoy Scrapper Scalper EA
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