M1 Gold Scalper EA

M1 Gold Scalper EA is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) on a one-minute chart. It looks for short breakout moves by placing pending orders on each new bar, and it can optionally use a recovery grid when a trade moves against it.

How it works

At the start of every bar the EA places one buy stop above the current ask and one sell stop below the current bid. The distance is set by an input. When one order fills, the other is cancelled, so only one direction is open at the start. Pending orders expire after a short number of minutes so stale orders are not left on the chart.

Managing an open trade

• A fixed stop loss and take profit can be applied to the first order.
• Break-even moves the stop to a locked level once price has travelled a set number of points.
• An optional trailing stop follows price on single positions and works separately from break-even.

Recovery grid

If enabled, the grid can open additional positions against the first trade and, in a separate arm, add to positions that are moving the right way. Each arm adds at most one step per candle. Lot sizes increase from step to step but are limited by a percentage of balance, so the cap takes priority over the multiplier. While the grid is active, the individual stops and targets are removed and the positions are closed together by a trailing exit based on total floating profit in account currency. This approach can leave you with large open exposure in a strong one-way move, so understand it before enabling it.

Filters and protection

• Trend filter: Bollinger Bands and ADX are read on two higher timeframes and each is classed as sideways, neutral or trending. When the overall reading is trending, new first entries are blocked, while grid management on open trades continues.
• News filter: pauses new entries around high-impact events using the built-in MT5 calendar.
• Trading hours: entries are allowed only between a start and end hour in broker time.
• Spread limit: avoids new entries when the spread is too wide.
• Daily limits: a profit target and a loss limit can close all positions and pause trading until the next broker day.

Markets and timeframes

The EA is meant for XAUUSD on M1 only. It detects whether your broker quotes gold with two or three decimals and adjusts point-based inputs to match. Spreads and execution quality have a large effect on a scalping system, so an ECN or STP account with tight spreads is preferred.

Settings

The inputs are grouped into strategy, trading hours, break-even, trailing, grid, filters and daily limits. The values below are the defaults the developer lists for the first group; confirm them in the inputs window of your copy and test any change before using real money.

Grid multiplier, risk percentage, spread limit, news window and daily limits are also adjustable. Their values are not listed here, so check them in the inputs and review each one.

Dashboard and controls

A compact panel on the chart shows balance, floating profit, spread, today's result, the trend reading for each timeframe and a status message. Buttons let you pause or resume new entries, toggle the trend block and close all positions managed by the EA. Grid state is stored so it survives a terminal restart or an EA reload.

Risk

Installation

1. Open MetaTrader 5 and choose File, then Open Data Folder.
2. Copy the downloaded expert file into MQL5, then Experts, and restart the terminal or refresh the Navigator.
3. Open an XAUUSD chart and set it to M1.
4. Drag the EA onto the chart and tick the option to allow algorithmic trading.
5. Check the inputs, especially the grid, lot and daily limit settings, and confirm that the AutoTrading button is on.

If you plan to use the news filter, confirm that the economic calendar is available in your terminal. If your broker uses a different name for gold, attach the EA to that symbol.