ScalperM5
- Experts
- Version: 4.0
- Activations: 5
SmartMoney Scalper M5 is a professional scalping Expert Advisor designed specifically for XAUUSD (Gold) on the M5 timeframe.
🔥 Key Features:
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✅ Multi-strategy entry – combines RSI, EMA, Supply/Demand Zones, and FVG for high-probability trades
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✅ Scalper-friendly – 1.5 ATR Stop Loss / 1.0 ATR Take Profit (1:1 risk-reward)
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✅ Smart session filter – trade only during high-volatility hours (London–New York overlap recommended)
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✅ Visual zones & FVG – see Supply/Demand and Fair Value Gaps drawn directly on your chart
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✅ Click to toggle – enable/disable BUY/SELL with one click on chart labels
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✅ Score-based entry system – requires minimum 2 out of 4 signals before opening a trade
📊 Entry Logic (4-Factor Score System):
| Factor | Buy Signal | Sell Signal |
|---|---|---|
| Trend (EMA) | Fast EMA > Slow EMA & Price > Trend EMA | Fast EMA < Slow EMA & Price < Trend EMA |
| RSI | RSI < 38 (Oversold) | RSI > 62 (Overbought) |
| Zone | Near Demand Zone | Near Supply Zone |
| FVG | Near Bullish FVG | Near Bearish FVG |
Minimum score required: 2/4 – reduces false signals while staying active in volatile markets.
🕐 Recommended Trading Session:
This EA performs best during the London–New York overlap session (the "power hours") when Gold volatility and liquidity are at their peak.
Use the built-in session filter to set your own local trading hours.
⚙️ Input Parameters:
| Parameter | Default | Description |
|---|---|---|
| Lot Size | 0.01 | Fixed lot size per trade |
| Max Trades | 1 | Maximum concurrent positions |
| RSI Period | 7 | Fast RSI for M5 scalping |
| RSI Oversold | 38 | Buy signal threshold |
| RSI Overbought | 62 | Sell signal threshold |
| EMA Fast | 8 | Fast trend EMA |
| EMA Slow | 21 | Slow trend EMA |
| EMA Trend | 50 | Trend filter EMA |
| ATR Period | 7 | Volatility measurement |
| ATR SL Multiplier | 1.5 | Stop Loss = ATR × 1.5 |
| RR Ratio | 1.0 | Take Profit = 1:1 |
| Min Score | 2 | Minimum signals required |
| Session Filter | ON | Set your preferred hours |
📈 Recommended Settings:
| Symbol | XAUUSD (Gold) |
|---|---|
| Timeframe | M5 |
| Account Type | Any (Hedging recommended) |
| Broker | ECN/RAW with tight spreads (<10 pips on gold) |
| VPS | Recommended for 24/5 operation |
⚠️ Important Notes:
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Always test on demo account first
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Avoid running during high-impact news (NFP, FOMC, CPI)
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Use a reliable VPS for consistent performance
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Past performance does not guarantee future results
🛠️ Support:
For any questions or issues, feel free to contact me via MQL5 private messages.
💰 Recommended Balance:
| Account Type | Minimum Balance | Recommended |
|---|---|---|
| Cent Account | $10 | $20–$50 |
| Standard Account | $100 | $200–$500 |
"My recommended session works well, but I encourage you to test the EA in different sessions before using it live. Results may vary depending on your broker and time zone."
