KenKem Gold Scalper
- Experts
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Do Ba Duc
Computer scientist, Software Developer experienced in various fields ranging from SaaS to quant trading bot development. - Version: 1.8
- Activations: 5
Overview
KenKem Gold Scalper is an Expert Advisor designed specifically for XAUUSD (Gold) scalping on MetaTrader 5. It combines multiple entry strategies with layered risk management and adapts to changing market conditions while maintaining strict capital protection protocols.
The EA employs a multi-timeframe analysis approach with four distinct entry strategies, each optimized for different market phases. All trading decisions are based on technical analysis with clear entry and exit rules.
All screenshots in this listing show MetaTrader 5 Strategy Tester results. The EA does not yet have sufficient live or demo account trading history to present at this stage.
Key Features
Multi-Strategy Entry System
- New Trend Detection: Identifies early trend formations using EMA alignment and ADX momentum
- Pullback Entries: Catches retracements in established trends toward key moving average zones
- Counter-Trend Entries: Detects potential exhaustion points with reduced position sizing
- Ichimoku Cloud Cross: Early trend confirmation using cloud-based indicators
Risk Management
- Configurable risk percentage per trade (default 2%)
- Daily loss limit protection with automatic trading pause
- Maximum drawdown protection with progressive position reduction
- Aggregate position risk monitoring
- Recovery mode with gradual position size restoration
- Winning streak cooldown to prevent overexposure
Trade Management
- Dynamic stop loss based on market structure and ATR
- Breakeven protection after profit threshold
- Multi-stage trailing stop system
- Partial profit-taking at configurable levels
- Early exit on momentum deterioration
- TP extension for trending moves
Session-Based Trading
- Configurable session times (Tokyo, London, New York)
- Session-specific volatility adjustments
- End-of-session position handling
- News event avoidance (optional)
Quality Filtering
- Trend quality scoring system
- Conviction scoring for entry validation
- Sideways market detection and entry blocking
- Spread monitoring and high-spread filtering
- Black swan volatility spike protection
Technical Specifications
- Platform: MetaTrader 5
- Primary Symbol: XAUUSD (Gold)
- Additional Symbols: Major forex pairs supported
- Recommended Timeframe: M1 or M3 chart
- Minimum Deposit: Consult broker minimum lot requirements
- Leverage: 1:100 or higher recommended
Parameters Overview
The EA provides extensive configuration options organized into logical groups:
Account Settings
- Initial balance reference
- Leverage configuration
- Standard lot size
Risk Settings
- Risk per trade percentage
- Daily loss limit ratio
- Maximum concurrent positions
- Drawdown protection thresholds
Entry Type Configuration
- Enable/disable each entry strategy
- Risk-reward targets per strategy
- Quality thresholds per strategy
Trade Management
- Partial profit trigger levels
- Trailing stop configuration
- Breakeven protection settings
Session Settings
- Trading session times
- End-of-session behavior
- News avoidance windows
How It Works
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Market Analysis: The EA continuously analyzes multiple timeframes using EMAs, ADX, RSI, and Ichimoku indicators
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Entry Detection: When conditions align for one of the four entry strategies, the EA validates against quality filters
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Risk Calculation: Position size is calculated based on account balance, risk percentage, and stop loss distance
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Trade Execution: If all filters pass, the trade is executed with predefined SL and TP levels
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Active Management: The EA monitors open positions, adjusting stops, taking partial profits, and managing extensions
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Exit Execution: Positions close via target hit, stop hit, trailing stop, or early exit based on market conditions
Backtesting Recommendations
- Use quality historical data (tick data recommended for scalping)
- Test individual entry types separately to understand characteristics
- Forward test on demo account before live trading
- Adjust parameters gradually based on results
- Account for spread and commission in realistic conditions
Support
For questions and technical support, please use the built-in MQL5 chat system. We respond to inquiries promptly and provide ongoing assistance to all users.
Important Notice
Trading foreign exchange and gold carries significant risk. This EA is a trading tool designed to assist analysis and execution. It does not predict market movements and cannot eliminate trading risk. Past performance in backtesting does not indicate future results. Only trade with capital you can afford to lose. Please review all parameters and test thoroughly before live trading.

