Scalping Master XAU

ScalpingMaster XAU EA for MetaTrader 4 (XAUUSD)

Overview

ScalpingMaster XAU is an Expert Advisor (EA) for MetaTrader 4 (MT4) designed for XAUUSD (Gold). It uses trend-based entries and an optional grid-style position management. The EA also provides basket risk controls, including closing all open positions when a basket profit or basket loss level (in account currency) is reached. Trading involves risk and results depend on market conditions, broker execution, and settings.

Main functions

Trend-based entry
The EA evaluates trend direction on the selected timeframe (optionally the chart timeframe) and opens an initial trade when entry conditions are met.

Grid position management (optional)
If price moves against the initial position, the EA can add positions based on configurable grid distance and lot scaling. Limits can be set, including maximum orders and maximum lot size.

Basket close management (account currency)

  • Close all open positions when basket profit reaches a defined target (currency amount).

  • Close all open positions when basket loss reaches a defined limit (currency amount).
    An option is available to stop trading after the basket loss limit is reached or to continue trading.

Breakeven basket exit (optional)
After a defined number of open positions, the EA can close all positions when the basket returns to a small positive profit level. This is an optional recovery exit feature.

Trend reversal protection (optional)
If a trend reversal is detected, the EA can pause further grid additions to reduce exposure. This function does not force-close positions.

Execution reliability
Includes a retry mechanism for common MT4 execution issues (requotes, off quotes, trade context busy) using refresh and repeat attempts.

Trade permissions and options

  • Buy allowed / Sell allowed

  • Optional signal reversal

  • Optional buy and sell simultaneously

Information panel

Displays EA status, trend state, spread, open order count, basket profit/loss, and key parameters. The panel can be shown during visual backtesting.

Example starting settings (M1 / M5 / M15)

These are example values for a conservative start and should be adjusted based on broker conditions and personal risk tolerance.

  • Standard / ECN / Raw / Zero accounts: starting lot 0.01, example balance 6,000 USD

  • Cent accounts: starting lot 0.01, example balance 6,000 cents (≈ 60 USD)

Recommended environment

  • Symbol: XAUUSD

  • Broker: low spread and fast execution

  • Account type: ECN / Raw spread / Zero is commonly used for scalping

  • Leverage: higher leverage may be required due to margin usage in grid strategies
    A VPS can improve execution stability.

Set files and support

Recommended configuration sets can be shared in the Product comments section. Please use a set file that matches your account type (Standard/ECN/Raw/Zero/Cent). Parameters may be adjusted to suit spread, execution speed, and volatility.

Risk notice

This product does not guarantee profits. Grid-based strategies can increase exposure during strong directional moves. Always test on a demo account and use appropriate risk controls before trading on a live account.



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