Magpie

One for sorrow, two for joy.

Why "Magpie"? The magpie is famous for one habit: it spots something shiny, grabs it and is gone before anyone reacts. It doesn't stick around to admire the loot. That is scalping in one sentence. An old English rhyme says one magpie brings sorrow and two bring joy, so Magpie runs two.

Magpie is a gold (XAUUSD) scalping Expert Advisor with 2 independent strategies on a single chart. Each strategy has its own entry logic, its own trades and its own risk.

Gold is noisy, fast and full of small opportunities that last minutes, not days. Magpie is built for those moments: it waits for a setup, takes the move and leaves. It doesn't hold trades overnight hoping the market will come back.

Grab the shine. Fly off. Repeat.

How it works

The two strategies read the market differently, so they rarely want the same thing at the same time. When one is quiet, the other may be working. Running both is the point. You don't have to bet everything on a single idea about how gold should move.

Every position opens with a stop-loss. Take-profit, [break-even and trailing] are handled automatically.

The news filter

Magpies are clever birds, and they know when to stay off the ground.

Gold reacts violently to US macro data: NFP, CPI, FOMC and rate decisions. Spreads widen, slippage gets ugly, and a scalper's edge disappears in seconds. Magpie's built-in news filter [pauses new entries X minutes before and after high-impact events / closes open positions / uses the MT5 economic calendar]. It doesn't trade the news. It simply isn't there when the news hits.

What Magpie is not

• Not an AI system. No neural network, no "self-learning gold engine." Two rule-based strategies whose every trade can be traced by hand on a chart.
• No martingale. A loss is a loss. Magpie never doubles down to win it back.
• No grid. No averaging into a losing position.
• No hidden tricks in the backtest. No hard-coded dates and no calendar filters fitted to make history look pretty. The logic in the tester is the logic that runs live.

No tuning. That's the setup.

Strategy parameters are pre-tuned and built in. You choose position size (fixed lot, balance-step lot or risk-percent) and whether the news filter is on. That's it. There's no set-file hunting and no optimization marathon.

Features

• 2 independent pre-tuned scalping strategies on one chart
• Built-in news filter for high-impact USD events
• Real stop-loss on every trade, automatic TP [, break-even, trailing]
• Separate magic number for each strategy for clean reporting
• Money management: fixed lot, balance-step lot or risk-percent
• [Spread filter / max spread protection]
• Attach to any timeframe: the EA uses its own internal working timeframes

Setup

• Symbol: XAUUSD (Gold)
• Timeframe: any ([M15] recommended for a clean chart)
• Recommended deposit: from $100
• Account: low-spread ECN / Raw accounts strongly recommended. Scalping lives and dies by spread and execution.
• VPS recommended for stable 24/5 operation
• Set your lot or risk, enable AutoTrading. Done.

Notes

Scalping results depend on your broker more than most strategies do: spread, commission and execution speed all matter. Test on a demo account with your broker before going live, and start with low risk. Past performance does not guarantee future results.

Two for joy. Real stops.