Gold Hunter Trend Scalper

Gold Hunter Trend Scalper is a trend-following scalping Expert Advisor designed for gold (XAUUSD). It looks for short pullbacks in the direction of the current trend and holds one position at a time. Every position is opened with a stop loss and a take profit, both sized from the Average True Range, so they adapt to the current volatility of gold.

How it works

The EA checks its rules once per closed bar. A trade is opened when the fast EMA crosses the medium EMA in the direction of the trend, the price is on the correct side of the trend EMA, and RSI confirms momentum without being at an extreme level. An optional higher-timeframe EMA filter allows only buys above it and only sells below it. When a trade moves into profit, a trailing stop follows the price.

Risk control

You can trade a fixed lot or a percentage of the balance per trade, cap the maximum lot, set a daily loss limit that pauses trading for the rest of the day, limit trading to chosen hours, and skip entries when the spread is too wide. Before every order the EA checks the free margin and the volume limits of the symbol. The EA does not use martingale, grid or averaging.

Recommended conditions

Symbol: XAUUSD (or GOLD, depending on the broker). Timeframe: M1. Account: low-spread or raw-spread. A VPS is recommended so the EA can run without interruption. Start on a demo account first, then use a small risk per trade.

Input parameters

General: magic number, slippage, trade comment.

Money management: use risk percent, risk per trade (%), fixed lot, maximum lot.

Entry: fast, medium and trend EMA periods, RSI period, RSI buy and sell levels, RSI overbought and oversold levels.

Trend filter: use higher-timeframe trend, its timeframe and EMA period.

Exits: use ATR stops, ATR period, ATR multipliers for stop loss and take profit, fixed stop loss and take profit in pips when ATR is off, trailing start and step in pips.

Filters: max spread in pips, max positions, one entry per bar, trading hours.

Daily limits: use daily limit, max daily loss (%), max daily profit (%).

Display: show status panel.

Risk notice

Trading leveraged products such as gold carries a high level of risk. Results depend on market conditions, broker, spread and settings. Test the EA in the Strategy Tester and on a demo account before using it on a live account.

Support

Please use the product comments or MQL5 private messages for questions.