XAUUSD High-Performance Scalping Bot

Objective:
Develop a MetaTrader 5 (MT5) Expert Advisor (EA) that specializes in scalping XAUUSD with the goal of achieving very high monthly returns (50–70%) under strict risk control parameters.

Scope and Goals

• Trading Instrument: XAUUSD only.

• Strategy Type: Scalping (high-frequency short trades).

• Target Monthly Return: 50% to 70% (under optimal conditions).

• Risk Management:

  • Max allowable drawdown: 15% or less.

  • Strict and consistent risk control must be embedded into the EA.

• Main Priority:

  • Maximize safe, consistent, scalable profit over time, without exposing the account to catastrophic risks.

Developer Freedom

• Trading Logic:

  • Developer is free to design the scalping strategy based on their expertise and proven techniques.

  • Developer can combine technical indicators, price action methods, order flow, or any hybrid approach.

• Entry and Exit Rules:

  • Developer decides the optimal timing for entries and exits.

• Risk Controls:

  • Developer chooses the best risk management techniques suitable for scalping.

Mandatory Requirements

1. Scalping Focus

• Trades must aim for small, consistent profits.

• Expected average holding time: few seconds to a few minutes.

• Prefer trading during high liquidity periods.

2. Risk Management

• Fixed Risk Per Trade:

  • Risk a small % of the account per trade (suggested 0.5% or developer’s recommended value).

• Stop Loss Required:

  • Every trade must have a clearly defined stop loss, tight but dynamic if needed.

• Maximum Daily Loss Protection:

  • Bot must stop trading for the day if:

    • A set number of consecutive losses is hit (e.g., 3–5 losses).

    • Or a fixed percentage daily loss limit is reached (e.g., 5%).

3. Take Profit and Trade Closure

• Scalping-style small take profits.

• Use of partial closes, trailing stops, or other smart techniques to maximize winning trades is allowed.

• Hard maximum trade duration (e.g., force close trades after 5 minutes if not already closed).

4. Trading Sessions

• Bot should only trade during favorable trading hours, preferably:

  • London session (03:00 – 06:00 EST)

  • Early New York session (08:00 – 11:00 EST)

• No trading during major high-impact news releases unless logic accounts for it.

5. Lot Sizing and Scaling

• Dynamic lot size based on account balance and pre-defined risk % per trade.

• As the account grows, lot sizes should adjust proportionally.

6. Spread Protection

• Minimum spread condition:

  • Only enter trades if spread is below a specified limit (e.g., 2.5 pips or lower).

Additional Features

Visual Dashboard

• Show:

  • Balance

  • Equity

  • Daily Profit/Loss

  • Total Trades Today

  • Wins and Losses Today

  • Status of Open Trades

  • Session Active or Not

Sounds and Alerts

• Sound alerts when:

  • A trade is opened.

  • A trade is closed.

• Optional mobile push notifications for trade closures.

Settings/Inputs

• Adjustable parameters:

  • Risk per trade (%)

  • Maximum daily loss limit (%)

  • Maximum daily wins/losses

  • Trading hours

  • Take profit (pips)

  • Stop loss (pips)

  • Spread filter

Technical Requirements

• Platform: MetaTrader 5 (MQL5).

• Code must be lightweight, optimized, and fast for low-latency execution.

• Error Handling:

  • Handle connection losses, order errors, and invalid symbol issues safely.

• No external DLLs unless absolutely necessary.

• Provide:

  • Live version (for real trading).

  • Backtest version (with adjustable parameters for optimization).

Performance Expectations

• Focus on stability first, then aggressiveness within controlled risk.

• I am looking for scalable consistent profits.

• Strategy should be tested in both backtests and live demo environment before final delivery.