PipsPro Scalper Gold

PipsPro Scalper Gold is an automated trading tool for MetaTrader 5 that works on one instrument only: gold quoted as XAUUSD. It looks for entries that match the rules of a strategy you select and, when a setup appears, opens a trade with a stop loss and take profit already attached.

How it works

The EA scans the XAUUSD chart and applies several market and entry filters. A trade is opened only when the conditions of the selected strategy are satisfied, which means the trade count varies with the market. Some days may pass without a position, and that does not indicate a fault.

Strategy modes

• Strategy 1: the most selective mode. It targets specific setups and is described as producing only a few trades per week, sometimes none.
• Strategy 2: uses a different entry logic to find additional gold opportunities.
• Strategy 3: has its own conditions and entry rules, giving a third independent approach.
• Beast mode: runs all three strategies at once, each with its own entry rules. This can raise the number of trading opportunities, but gains from one strategy are not certain to offset losses from another.

Each trade uses a fixed stop loss and take profit. When you test, check how many positions can be open at the same time and how the mode you picked behaves, so you know what exposure to expect.

Markets and timeframes

The EA is built for XAUUSD on MetaTrader 5 and the suggested chart is M1. It is designed to cope with common broker symbol suffixes and with both 2-digit and 3-digit gold prices. A raw-spread or low-spread account is advised, because scalping logic is sensitive to spread and commission.

Settings

Exact input names and defaults can differ between releases, so open the Inputs tab after attaching the EA and read each field. The table below lists the areas you should expect to review.

The author suggests a minimum deposit of about 200 USD and a balance of 1,000 USD or more. Confirm what suits your broker and risk limits before relying on those figures.

Risk

Gold can move quickly, and spreads can widen around news and at rollover. Slippage and delayed execution can change results compared with a backtest.

Before trading live

1. Backtest the EA on your broker's historical XAUUSD data.
2. Forward-test it on a demo account for a meaningful period.
3. Watch trade frequency and drawdown for the strategy you chose.
4. Choose a lot size that suits your balance and risk tolerance.

Installation

1. Download the package from your account and extract it.
2. In MetaTrader 5, choose File, then Open Data Folder, and open MQL5, then Experts.
3. Copy the EA file into the Experts folder.
4. Restart the terminal or refresh the Navigator panel.
5. Open an XAUUSD chart, set it to M1, and drag the EA onto it.
6. Enable Algo Trading in the toolbar and allow automated trading in the EA's properties.
7. Set your inputs, then confirm that the smiley icon shows in the chart corner.

For continuous operation, consider a stable VPS located close to your broker's server to keep latency low.