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Price Action Scalper is an MT5 expert advisor that trades price action setups on gold and other liquid pairs, using scalping entries with optional grid or pyramid position expansion. It suits M5 to H1 charts and accounts with ample margin.
Get one message the moment it launches, with its price.
Price Action Scalper is an expert advisor for MetaTrader 5 that looks for short-term setups based on price action and trades them with a scalping approach. It is aimed mainly at gold (XAUUSD) and can also be used on other liquid pairs.
The advisor reads recent price behaviour on the chart and opens positions when its entry conditions are met. Rather than relying on a long list of lagging indicators, it focuses on how price moves around recent levels. Trades are intended to be short in duration, in the style of scalping.
The system can add to positions through grid or pyramid expansion. This can increase the size of the exposure when the market moves against the first entry, so it needs plenty of free margin and careful monitoring. Traders who are not comfortable with this style of position management should look at other tools.
The intended range is M5 to H1, which balances signal quality against how often trades appear. XAUUSD is the primary market. Other major pairs may be tried, but each symbol has different spreads and volatility, so test them on a demo account before using real funds.
An ECN or low-spread account with high leverage is preferred, since scalping is sensitive to spread and execution speed.
Exact input names and default values can differ between releases, so open the inputs tab after attaching the advisor and read each field. The table below lists the areas you should check.
| Area | What to check |
|---|---|
| Lot size | Fixed or risk-based sizing; start with the smallest lot your broker allows |
| Stop loss and take profit | Distances must respect your broker's minimum stop level |
| Grid or pyramid expansion | Number of added positions, spacing and total volume cap |
| Account risk limit | The level at which the advisor closes positions |
| Magic number | Use a unique value if other advisors run on the same account |
Grid and pyramid methods can produce large drawdowns, and the developer has warned of deep drawdowns in testing. Use only capital you can afford to lose, and keep an eye on the account during high-impact news releases.
Trading carries risk, and past results do not predict future ones. Test on a demo account first and do not rely on any backtest as an indication of live performance.
For continuous operation, run the terminal on a VPS and confirm that your broker permits automated trading and scalping strategies.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Signals, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Main market | Gold (XAUUSD); other liquid major pairs |
| Timeframes | M5 to H1 |
| Trade style | Price action scalping with grid or pyramid expansion |
| Account type | ECN or low-spread account with high leverage preferred |
| Capital | Developer suggests about 300 USD for 0.01 lots; confirm with your broker |
| Operation | 24/5 on a VPS is recommended |
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No. This product is built for MetaTrader 5 and will not run on MetaTrader 4. Check that your broker offers an MT5 account before buying.
It is aimed at XAUUSD first, with other liquid major pairs as an option. The M5 to H1 range is the intended window. Test any other symbol on a demo account first, as spreads and behaviour differ between markets.
The developer suggests roughly 300 USD for the smallest lot size, but grid or pyramid expansion can use much more margin during adverse moves. Check contract size, leverage and margin rules with your broker and size positions conservatively.
A VPS is recommended because the expert advisor is meant to run continuously during market hours. A stable connection and low latency also help when trading short-term setups.
Copy the expert advisor file into the MQL5/Experts folder via File, Open Data Folder in MT5, then restart the terminal or refresh the Navigator. Drag it onto a chart and enable algorithmic trading.
No. Start on a demo account and review the behaviour, spreads and drawdown under your broker's conditions. Trading carries risk and past results do not predict future ones.
Price Action Scalper MT5
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