M1 Gold Scalper EA
- Experts
- Achmad Benny
- Versione: 1.0
- Attivazioni: 10
M1 Gold Scalper EA is a professional-grade automated trading system specifically designed for the XAUUSD (Gold) market on the M1 timeframe. It utilizes a dynamic breakout strategy based on multi-bar high/low detection, ensuring that you enter the market only when momentum is confirmed.
Equipped with a built-in risk management engine and an on-screen dashboard, this EA provides both beginners and experienced traders with a robust tool for gold scalping.
Key Advantages:
- Dynamic Price Action: Automatically detects local support and resistance levels over a user-defined period to place pending orders at breakout points.
- Built-in Trailing Stop: Protects your profits by automatically moving the Stop Loss as the trade moves in your favor.
- Safety First: Features a "Global Close" function that exits all trades once a specific USD profit target is reached, and an "Auto-Cancel" feature for orders that are no longer relevant.
- Real-Time Dashboard: Monitor your account balance, floating PnL, and active trade count directly on your chart.
- Sophisticated Lot Calculation: Automatically calculates lot sizes based on your account balance to maintain consistent risk per trade.
Features:
- Fully Automated: From detection to execution and management.
- No Martingale/Grid: Uses a single-shot approach with fixed risk-per-trade logic.
- Optimized for Gold: Specifically tuned for the unique volatility of XAUUSD.
Input Parameters
Strategy Settings:
- High/Low detection: The number of bars used to calculate the recent high and low for breakout entries.
- Trade Volume: Percentage of your account balance to risk for the initial lot size calculation.
- Stop Loss (% of Balance): Sets the Stop Loss distance based on a percentage of the entry price.
- Take Profit (% of Balance): Sets the Take Profit target based on a percentage of the entry price.
- Expert Magic Number: Unique ID for the EA to manage its own trades without interfering with other EAs.
Trailing & Safety:
- Trailing Distance in Points: The distance (in points) the price must move before the trailing stop activates.
- Maximum Total Trades: Limits the total number of open positions and pending orders at one time.
- Maximum Distance in Points: Automatically deletes pending orders if the current market price moves too far away from the entry level.
- Global Close in USD: An emergency or target exit; closes all trades when the total floating profit reaches this dollar amount.
Safety & Time:
- Start Hour: The hour the EA should begin looking for entries.
- End Hour: The hour the EA should stop placing new orders.
Recommendations:
- Platform: MetaTrader 5 (MT5)
- Trade Volume: Percentage of your account balance to risk for the initial lot size calculation.
- Timeframe: M1 (1 Minutes)
- Account Type: ECN or Low Spread accounts are highly recommended for scalping.
- Balance: Min $500 ($1000 Recomended)
Note:
- Always test on a demo account first to familiarize yourself with the EA’s behavior and the volatility of Gold.
- Use a Cent account if you don't have a lot of funds.
- Let's discuss and develop together by joining our community at https://t.me/m1goldscalper
