Iron Scalper Xau

IRON SCALPER XAU v1.02 — Expert Advisor for MetaTrader 5

Iron Scalper XAU is an automated Expert Advisor developed exclusively for trading XAU/USD (Gold) on the 5-minute timeframe. It combines three independent signal systems within a grid engine with dynamic risk management, automatic trailing stop, and native netting protection.

How does it work?

The EA integrates three strategies that work simultaneously:

System 1 — Bollinger Bands Grid: detects touches of the upper and lower bands to generate mean reversion buy and sell signals. It also acts as a directional filter for the other two systems, improving the quality of each entry.

System 2 — Hammer Coverage Grid: identifies Hammer candles (long lower wick, small body) as a signal of buying pressure. It operates with a fixed Take Profit to capture profit quickly and reduce market exposure time.

System 3 — Doji Defensive Grid: detects Doji candles (market indecision) and confirms direction with Bollinger Bands. It trades with small lot sizes, wide Stop Losses, and no fixed Take Profit, allowing the trend to run using automatic trailing stops.

Main Features

Pair: XAU/USD — Timeframe: M5
Minimum Recommended Capital: $1,000 USD
No Martingale — No Unlimited Grid — Limited Risk per Trade
Fixed or Dynamic Lot Size by Risk Percentage (Configurable)
Automatic Trailing Stop from 5 pips of profit
Margin Verification Before Each Order
Active Anti-Duplicate Filter
Compatible with Netting and Hedging Accounts
Configurable Maximum Spread Filter
Configurable Trading Hours (Default 01:00 – 23:00)
Recommended Parameters for $1,000 USD

Fixed Lot Size: 0.10 – 0.20 lots
Dynamic Risk: 0.5% per trade
Stop Loss BB: 20 ​​pips / Hammer: 25 pips / Doji: 35 pips
Take Profit Hammer: 30 pips / Doji: Trailing Stop
Maximum Spread: 50 pips
Pending Orders Simultaneous trades: Maximum 5
Requirements

Platform: MetaTrader 5
Broker: ECN/STP with low spread on XAU/USD (ideally less than 30 pips on M5)
Recommended leverage: 1:100 minimum, ideally 1:200 or higher
VPS recommended for continuous trading
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