Lycan

Lycan is an automated Scalping system optimized for XAUUSD (GOLD) on the MetaTrader platform. The EA does not use grid or martingale recovery methods. It applies volatility-based stop loss protection and rule-based filters (spread, news, and session) to select scalp trade opportunities using confirmed breakout strength, rather than relying on high-frequency or recovery-based entries.

Core Principle: No Grid, No Martingale, Dual Scalp Strategy System
Lycan does not add to losing positions, does not average down, and does not increase lot size to recover previous losses. This approach is a deliberate design choice intended to keep risk exposure predictable per trade.

Must Read:

LYCAN includes built-in margin safety - it automatically checks your free margin and account equity before opening each trade, and will reject or reduce trades if opening them would risk over-leveraging your account. This is why higher Risk % settings may result in fewer simultaneous trades, larger positions use more margin, so the safety system activates sooner to protect your account from dangerous exposure, especially if multiple pending orders were to trigger at once. This is a deliberate safety feature designed to protect your account.

Broker and setup notice:

• I will no longer share signals or results from Non-ECN, high-spread accounts.
• I don't recommend them for this kind of scalping.
• LYCAN works best on a Pure ECN account with low spread.
• Please also use a VPS. Fast, stable execution matters a lot for scalping.

Recommended Settings:

• Symbol: XAUUSD (Gold)
• Timeframe: M5
• Minimum Deposit: 150 USD at 1:200 leverage or higher (Gold's margin requirement means lower leverage will need a proportionally larger deposit - see Notes below)
• Broker type: A low-spread ECN broker is recommended (e.g. IC Markets)
• Account type: Hedging account required (not compatible with netting-only accounts)
• Works best during the New York session, when gold typically sees its highest volume and volatility
  
• A VPS is recommended for more consistent execution

Main Features:

• No Grid / No Martingale
• Dual Scalp Strategy System
• Smart Adaptive TP/SL
• Spread Filter
• News Filter
• Session Filter

A Pro version (LYCUS) with additional features is also available separately on the Market with Discounted price of $49, from $249.

Notes:

The strategy has been tested on historical XAUUSD data under specific market and broker conditions. Past performance and backtest results do not indicate future results. Live results may differ depending on broker conditions, spread levels, slippage, VPS latency, and market volatility. Because Gold's margin requirement is tied to its live price, the exact minimum deposit needed to run both strategies concurrently will vary with your broker's leverage, lower leverage requires a higher deposit for the same trade size.