SM Gold Scalping is an Expert Advisor (EA) for MetaTrader 4, designed to trade with fast trends and its own proprietary strategies. Its approach is extreme scalping, with orders opened and closed in durations of 5 to 10 minutes, or even 30 seconds, repeating the process several times a day.
Main Settings (only 2 parameters):
| Parameter | Description | Recommendation |
|---|---|---|
| RISK | Every 0.1 = 1 dollar per pip (lot 0.01). For lot 0.02, use 0.2; for 0.03, use 0.3, and so on. | Adjust according to your risk management. |
| Order Opening Strength | Defines the strength and duration with which the robot keeps orders active. | Default: 2.1. Do not use values lower than 2. For greater safety, use 4. |
All backtests were performed with the robot's default settings.
Recommended Timeframe: M15 or H1. H1 offers greater safety and better order modeling.
How to Combine the Two Tools
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Analysis before execution: Use ExpertFX School's daily analyses to identify key levels, invalidation zones, and the macro context for gold.
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Automation with context: With the scenario mapped out, activate SM Gold Scalping on the recommended timeframe (H1 for greater safety) and let it execute the short-term scalps.
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Risk management: Set the RISK parameter according to the day's volatility, as informed by the analyses.
Availability
SM Gold Scalping is available on the MQL5 Market. ExpertFX School offers free content on its official website.
Links:
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SM Gold Scalping (MQL5 Market): https://www.mql5.com/en/market/product/111774
Disclosure: The author of this post has no commercial affiliation with SM Gold Scalping or ExpertFX School. This is a resource recommendation for traders looking to combine analysis and automation in gold.
