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Stochastic Gold Scalper is an MetaTrader 5 expert advisor that trades candlestick reversal patterns, mainly on gold (XAUUSD) at lower timeframes such as M5. It offers an optional Stochastic filter, a capped grid and several risk controls.
Get one message the moment it launches, with its price.
Stochastic Gold Scalper is an automatic expert advisor for MetaTrader 5. It reads classic candlestick reversal patterns on closed bars, can check them against the Stochastic oscillator, and manages open trades with an optional grid and a set of protective settings.
At the close of each new bar the expert examines the latest candles for one of the supported patterns. The pattern logic is built into the program and does not rely on other indicators. Bullish patterns create buy signals and bearish patterns create sell signals. The Doji is treated as a sign of indecision and does not open a trade by itself.
With the Stochastic filter switched on, a signal is accepted only when the oscillator agrees with it, using the overbought and oversold levels you define. With the filter off, the pattern alone decides. How often it trades is shaped by the spacing between trades, the grid step, the spread limit and the daily trade limit.
The tool is designed for scalping gold (XAUUSD) on lower timeframes, with M5 as the starting point. It can also be attached to forex pairs and indices. Spreads, swaps and contract specifications vary by broker, so check them on your own account before trading.
Exact defaults can vary, so review every input in the terminal before use. The main groups are:
| Group | What it controls |
|---|---|
| Signal | Analysis timeframe and which patterns are enabled |
| Stochastic filter | On or off, K, D and slowing periods, method, price field, overbought and oversold levels |
| Lot | Fixed lot or Smart Risk based on balance |
| Grid | Grid on or off, step in points, maximum orders per direction |
| Direction | Buy only, sell only or both |
| Exits | Stop loss, take profit, trailing stop, break even |
| Filters | Time and distance entry modes, spread limit, daily trade limit |
The expert also shows an information panel with profit statistics and can draw trade history on the chart.
A grid adds positions while price moves against the first entry, so exposure grows as the grid fills. Keep the order limit and lot size modest, and confirm that your account can carry the worst case you allow. Smart Risk reduces volume at each grid level, but it does not remove the risk.
Trading carries risk, and past results do not predict future ones. Test on a demo account and in the Strategy Tester before using real funds, and only trade money you can afford to lose.
For continuous operation, use a stable connection or a VPS, and make sure your broker allows automated scalping on the chosen symbol.
| 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, fully automatic |
| Main market | Gold (XAUUSD); also forex pairs and indices |
| Timeframe | Designed for lower timeframes, M5 by default |
| Trade style | Scalping on candlestick patterns, optional grid |
| Entry filter | Optional Stochastic oscillator confirmation |
| Account types | Netting and hedging |
| Requirements | MT5 terminal, Algo Trading enabled, stable connection or VPS |
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No. It is built for MetaTrader 5 only and will not run on MT4. Check that your broker offers MT5 accounts before buying.
It is aimed at gold (XAUUSD) on lower timeframes such as M5, and can also be applied to forex pairs and indices. Symbol names and contract sizes differ between brokers, so test your own symbol in the Strategy Tester first.
No. The filter is optional and is off by default. With it off, entries rely only on the enabled candlestick patterns and the timing filters. With it on, a signal must also agree with the oscillator levels you set.
Yes. You can turn the grid off, set the distance between levels, and set the maximum number of orders per direction. A grid can still produce large drawdowns, so choose lot sizes carefully and test them before going live.
Yes, it supports both netting and hedging account types. On a netting account positions in the same symbol are merged, so grid behaviour can look different from a hedging account.
No fixed figure is given here. The suitable deposit depends on your broker, lot size, grid settings and leverage. Run demo and tester trials to judge what your account needs.
Stochastic Gold Scalper
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