Array X Gold Scalp Signal
- Indicators
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Kantachart Bangngoen
EMAiCloud — automated trading software - Version: 1.0
- Activations: 10
Array X Gold Scalp Signal — see where our gold scalp strategy waits, when it enters and how each trade ends, right on your chart.
This indicator shows the signals of Array Breakout X Gold Scalp (https://www.mql5.com/en/market/product/202398), our gold scalping EA, so you can trade them by hand with your own plan. It trades nothing itself: it draws, counts and alerts.
What you see on the chart
✔ The waiting orders: a BUY STOP and a SELL STOP line with their stop loss and take profit, the same prices the EA would place.
✔ Every entry as an arrow, every exit as a mark (✔ profit / ✘ loss) with a line from entry to exit.
✔ A status box: what each side is doing now, a news pause notice, and the results of the signals over the last 365 and 30 days — trades, won, lost, net, average win and loss, profit factor and maximum drawdown in USD on 0.01 lot.
✔ The box folds away with one click.
The heart of it: the entry
What this indicator does best is find the entry: the high or low the price has to break, worked out the same way as in our EA. The stop loss and take profit that come with it are only a starting point.
Your trade plan
The default plan is a basic setting: the EA's own stop, target and trailing, tested on real ticks from 2016 to 2026. Treat it as the base, not the last word. Run the indicator in the Strategy Tester, study how the trades behave after the entry, and set the stop loss and take profit that fit your capital and your style - this is where good money management makes the biggest difference to the result. Because you trade by hand, you decide:
- stop loss and take profit (in price units: 1.00 = 1 USD on 0.01 lot of gold)
- the trailing stop, on or off
- break-even: at a profit you choose, a mark tells you to move the stop to entry
- add-on: each time the trade is a set amount further in profit, an ADD arrow shows where to add a position (never against the trade, never martingale)
- the pause around major US news, on or off
The results in the box are worked out with the plan you set, so you see at once what your changes would have done.
Alerts
Pop-up with sound and push notifications to the MetaTrader app for: a new or moved stop, an entry, break-even, add-on and every exit.
Test it before you buy
Download the free demo and run the indicator yourself in the Strategy Tester in visual mode ("Every tick based on real ticks") on XAUUSD. Watch the stops appear, the entries and exits happen and the box count the results - you see with your own eyes that it works, before you pay anything. Change the trade plan in the inputs and run it again to compare.
Good to know
- Gold only (XAUUSD, GOLD and other names of gold). Any chart timeframe.
- The results use real ticks where your terminal holds them, and the price bars further back; the box says which share was worked out on real ticks.
- Prefer it fully automatic? The same strategy trades by itself in Array Breakout X Gold Scalp: https://www.mql5.com/en/market/product/202398
Live signal of the EA: https://www.mql5.com/en/signals/2396258
Risk warning
Trading gold on margin carries a high level of risk. Signals and backtest results, including the results shown by this indicator, do not guarantee future results. This indicator is a software tool; it is not investment advice. Test it on a demo account first and trade only money you can afford to lose.
