Gold sculper
- Experts
-
Robert Davis Waweru Mugure
experienced algo trader .. 4 years of experience coding my own EAs and using them for myself. Found it wise to share some of my best EAs at a small token of appreciation .
also Washignton Accorded MECHATRONICS ENGINEER. - Versione: 1.0
- Attivazioni: 5
GoldScalper is a simple, reliable Expert Advisor (EA) for MetaTrader. It is a Pure Price Action Mean-Reversion Scalper made especially for XAUUSD on the M1 timeframe, but it works safely on any symbol.
Advantages (Why traders love it)
- Pure price action only – no lagging indicators, no complicated settings. It reads the previous candle and waits for a clean pullback.
- Exact $2 risk & $2 profit every trade – fixed dollar risk/reward (1:1). You always know exactly how much you can lose or win.
- Super safe & error-proof – automatically avoids high spread, bad trading hours, low margin, and broker stop-level errors.
- One trade at a time – never doubles up or over-trades.
- Fast scalping – designed for quick 1-minute moves in Gold.
- Beginner-friendly – just attach it and let it work. Very few inputs to change.
- Market-ready – fully tested and validated for the MQL5 Market.
Key Features
- Trades only on new bars (clean logic, no spam).
- Requires a strong previous candle before it considers a trade.
- Mean-reversion style: waits for a deep pullback then enters against the previous candle direction.
- Built-in spread filter, trading hours filter, and margin check.
- Automatically adjusts lot size and stop/take-profit distances for any symbol or account currency.
- Prints clear messages in the Experts log so you always know what it is doing.
Input Parameters (adjustible)
- LotSize – Fixed lot size (the EA auto-normalizes it for any symbol). Default = 0.01
- FixedRiskUSD – Exact risk per trade in USD. Default = 2.0
- FixedProfitUSD – Exact profit target in USD . Default = 2.0
- MagicNumber – Unique number to identify the EA’s trades.
- MaxSpread_Points – Maximum allowed spread before trading stops. Default = 35
TRADING HOURS FILTER
- UseHoursFilter – Turn the time filter on or off. Default = true
- StartHour – Trading starts at this server hour. Default = 1
- EndHour – Trading ends at this server hour (24 = end of day). Default = 24
MEAN REVERSION FILTERS
I highly recomend forward testing as backtesting sometimes may give deceiving results.
