Gold Scalper King EA guide

Gold Scalper King EA is an Expert Advisor designed specifically for XAUUSD, built around equity-based position sizing. The lot size on each trade is calculated as a percentage of the current account equity. As the account grows through profits, the position size increases proportionally with no manual adjustments required. The EA does not use grid, martingale, or averaging techniques. Every trade uses a predefined Stop Loss, Take Profit, and a dynamic Trailing Stop. It is published by the creator of PropKing EA on MQL5 Market. The Strategy (The King Breakout) Gold Scalper King EA identifies swing high and swing low breakout levels using a configurable lookback period. Instead of entering immediately, it places strategic Pending Orders (Buy Stop / Sell Stop) at the breakout level. A short-term EMA on M5 confirms trend direction before any order is placed, and an EMA on H1 confirms the higher timeframe alignment. Both filters must agree before a signal is valid.

• Equity-Based Sizing: The default lot type is percentage of equity at 3% risk per trade. As the balance increases, each trade is automatically sized larger in proportion. If the account experiences a drawdown, position sizes reduce accordingly to limit further losses during difficult periods.
• Risk Guard: The EA monitors daily drawdown and total drawdown from the highest equity peak. If either configured limit is approached, trading pauses automatically. Daily drawdown defaults to 2% and total drawdown defaults to 20%.

Recommended Settings

• Symbol: XAUUSD
• Timeframe: M5
• Leverage: Minimum 1:100
• Deposit: Minimum $100 (higher starting balance compounds more effectively)
• Recommended Brokers: IC Markets, Vantage, Exness, MaziFinance, etc.

Key Features

• Equity-based compounding — lot size scales automatically as account balance grows
• No grid, no martingale, no averaging — fixed stop loss on every trade
• Two-layer trend confirmation: M5 EMA entry filter + H1 EMA direction filter
• Dynamic trailing stop locks in profit as trades develop
• News filter pauses trading before and after high-impact USD events
• Risk guard monitors daily and total drawdown from the equity peak
• Works on any account size from $500

Setup and Risk Management No complex configuration required. Attach to XAUUSD M5, enable AutoTrading, and select your preferred risk level using the RiskPercent input. The default is 3% per trade. Lower values reduce both potential returns and drawdown. Higher values increase both. VPS and Continuous Operation For optimal performance, the EA requires uninterrupted 24/5 operation. Running on a reliable VPS is strongly recommended to ensure no trades are missed during active sessions.

Risk Warning Trading foreign exchange and CFDs on margin carries a high level of risk and may not be suitable for all investors. Past performance and backtested results are not indicative of future results. This EA is a trading tool and does not guarantee profit. Please test on a demo account before using on a live account. After purchase, please send a private message to receive the installation guide and setup instructions.