What is Gold Scalping Expert?

The Gold Scalping Expert is a cutting-edge trading system crafted to harness the dynamic price movements of gold during pivotal moments, including geopolitical events, economic shifts, and global uncertainties. Designed for the MetaTrader 4 platform, this Expert Advisor employs an innovative breakout strategy powered by the renowned Zig-Zag indicator. By strategically placing pending orders at crucial price pivot points, it seizes opportunities when these levels are breached, triggering precise and timely trades. With a focus on safeguarding your account, the system integrates an intelligent trailing stop and adaptive stop-loss mechanism, delivering robust risk management without resorting to high-risk tactics like martingale.

• Vendor website: https://www.mql5.com/en/market/product/124890

Forex EAs Mall price: $21

Highlighted Features:

The Gold Scalping Expert is an innovative trading algorithm designed to harness gold’s price volatility during high-impact market events. By leveraging a breakout strategy guided by the Zig-Zag indicator, it identifies and executes precise trading opportunities. With a focus on safety, this Expert Advisor integrates an intelligent trailing stop and adaptive stop-loss mechanism, avoiding risky tactics like martingale.

Optimized for the MetaTrader 4 platform, the Gold Scalping Expert specializes in the XAUUSD pair, operating on the M15 timeframe for sharper accuracy. To ensure seamless performance and rapid execution, it is highly recommended to pair this EA with a reliable VPS. Perfect for traders aiming to capitalize on gold’s dynamic movements with a robust, risk-conscious approach!

• Optimized for XAUUSD (Gold): Tailored specifically for scalping gold, ensuring precise and efficient trading.
• Smart Entry and Exit Points: Utilizes advanced algorithms to identify optimal entry and exit points for maximum profitability.
• Scalping on Short Timeframes: Operates on lower timeframes (e.g., M1 or M5), taking advantage of small price movements.
• Risk Management Tools: Includes stop-loss, take-profit, and trailing stop features to manage risk effectively.
• Single Order Approach: Avoids the risks of martingale or grid strategies by handling one trade at a time.
• Dynamic Market Analysis: Incorporates real-time market analysis to adapt to changing conditions.
• Low Latency Trading: Designed to perform best with a VPS setup, ensuring fast and accurate trade execution.
• Ease of Use: Offers simple installation and pre-configured settings for quick deployment.
• Customizable Parameters: Allows traders to adjust settings such as lot size, risk percentage, and trading hours.
• 24/7 Scalping: Fully automated system, capable of operating continuously without manual intervention.

About The Author

This Expert Advisor is developed by Vasiliy Strukov, who brings over 9 years of experience in MQL5 to the table. He has worked on several notable products, including Prop Firm Edge, Grizzly, Network AI, EA Gold Stuff and the highly successful Gold Scalping Expert, which stands out as his top-performing creation.

How Gold Scalping Expert Works:

• Used on platform: MetaTrader 4
• Curency pairs: XAUUSD (Gold).
• Time frame: M15
• Minimum deposit: 300$.
• EA no use Martingale.
• Expert Advisor trading automated 100%.
• This system trades breakouts using the popular zig-zag indicator.
• EA is using a very smart trailing stop and dynamic stop loss.

Gold Scalping Expert Reviews

• “Reliable Performance”
  “The Gold Scalping Expert has consistently delivered solid results. Its breakout strategy during volatile market events is spot-on, and I appreciate the smart trailing stop feature for managing risk effectively.”
• “Perfect for Gold Traders”
  “If you’re trading XAUUSD, this EA is a game-changer. The Zig-Zag-based strategy and precise entry points make it a standout tool for gold scalping on the M15 timeframe.”
• “Safe and Smart”
  “Unlike many EAs, this one avoids martingale, which is a huge plus for me. The risk management tools are exceptional, giving me confidence in every trade.”
• “Highly Customizable and User-Friendly”
  “The Gold Scalping Expert was easy to set up, and the customization options let me fine-tune it to match my trading style. With a VPS, its performance is seamless.”
• “Great for Volatile Markets”
  “This EA really shines during high-impact news events. It adapts quickly to market changes, capturing profitable opportunities without overtrading.”

Experts Advisor on RoboForex-Pro account 1:2000 profit 202%

Maximum drawdown: 9.5%

Max deposit load: 3.1%

Trading activity: 14.6%

Loss Trades: 13%

Profit Trades: 87%

Algo trading: 100%

Signal EA on RoboForex-Pro account link: Click to view

Gold Scalping Expert Strategy

The Gold Scalping Expert employs a well-crafted approach to capitalize on gold price movements, particularly during volatile market conditions and high-impact events. Here’s a breakdown of its strategy:

1. Core Methodology: Breakout Trading

• Utilizes a breakout strategy to capture price movements when gold (XAUUSD) breaks key levels of support or resistance.
• The breakout is identified using the Zig-Zag indicator, which pinpoints price trends, retracements, and turning points with precision.

2. Entry and Exit Points

• Entry: Trades are initiated when the Zig-Zag indicator signals a breakout, ensuring high-probability trades during market surges.
• Exit: Trades are closed based on dynamic stop-loss and take-profit mechanisms, designed to secure profits and minimize losses efficiently.

3. Smart Risk Management

• Incorporates a dynamic stop-loss system to adjust protection levels based on market conditions.
• Uses a smart trailing stop feature to lock in profits while allowing trades to run as long as the trend remains favorable.
• Avoids high-risk strategies like martingale or grid trading, ensuring a conservative approach to account preservation.

4. Timeframe Optimization

• Operates on the M15 timeframe, striking a balance between frequent trade opportunities and reduced noise compared to shorter timeframes.

5. News-Driven Scalping

• Performs exceptionally well during high-impact news events, leveraging the increased volatility in gold prices to identify lucrative breakout opportunities.

6. Automation for Precision

• Fully automated on the MetaTrader 4 platform, ensuring consistent execution without manual intervention.
• Designed to execute trades with speed and accuracy, critical for scalping in fast-moving markets.

7. Complementary Tools

• Recommends using a VPS for low-latency trading, ensuring swift execution, especially during volatile periods.
• Works best with an ECN broker offering tight spreads and fast order processing.

Experts Advisor will wait for a new m15 candle before it puts buy pending orders at the top of the zigzag indicator and sell pending orders at the bottom of the zig-zag indicator. The amount of pending orders can be adjusted according to your settings. The EA has a smart stop loss and will close open negative orders automatically in a loss using the zig-zag indicator if market breaks out to the opposite.

Money Management

It is recommended that you use the following lot sizes:

• Low Risk: Minimum of $1000, use initial lot of 0.01
• Medium Risk: Minimum of $600, use initial lot of 0.01
• High Risk: Minimum of of $300 use initial lot of 0.01

Recommended Settings for Gold Scalping Expert

Trading Instrument:

• Focus on XAUUSD (Gold) exclusively for optimal performance.

Timeframe:

• Set the chart to M15 for precise scalping and breakout strategies.

Account Requirements:

• Minimum Deposit: $500 for standard accounts or $50 for cent accounts.
• Leverage: 1:100 or higher is recommended for better margin efficiency.

Risk Management:

• Lot Size: Start with 0.01 lots for every $1000 in your account balance.
• Risk Percentage: Use a maximum of 2-3% per trade.
• Stop-Loss and Take-Profit: Enabled by default, dynamically adjusted based on market conditions.

VPS Setup:

• Use a low-latency VPS to ensure faster trade execution during volatile market events.

Trading Hours:

• Avoid low-liquidity hours, such as during the rollover period.
• Focus on high-impact news events for breakout opportunities.

Broker Selection:

• Choose an ECN broker with tight spreads and fast order execution for the best results.

Trailing Stop:

• Ensure the smart trailing stop is enabled to lock in profits as the market moves in your favor.

Zig-Zag Indicator Settings:

• Default values are optimized for this EA; adjust only if you are experienced with the indicator.

Additional Tips:

• Regularly monitor high-impact news schedules to align trading with volatile market conditions.
• Perform periodic backtesting to fine-tune parameters if needed.

How to install and run the Gold Scalping Expert Trading Bot in Metatrader 4?

Step 1: Download the Expert Advisor (EA)

1. Obtain the Gold Scalping Expert EA file in .ex4 format from the official source or your download link.
2. Save the file in an easily accessible folder on your computer.

Step 2: Install the EA in MetaTrader 4

1. Open your MetaTrader 4
2. Go to the File menu and select Open Data Folder.
3. Navigate to:
   MQL4 > Experts
4. Copy the downloaded EA file (.ex4) into the Experts
5. Close and restart MetaTrader 4 to ensure the EA is loaded.

Step 3: Attach the EA to a Chart

1. Select the XAUUSD (Gold) currency pair from the Market Watch panel.
2. Open a chart and set the timeframe to M15 (15-minute).
3. In the Navigator window, locate the Gold Scalping Expert under the Expert Advisors
4. Drag and drop the EA onto the XAUUSD chart.

Step 4: Configure Settings

1. In the EA settings window that appears:
   • Enable Allow live trading by checking the box under the Common
   • Verify that Auto Trading is enabled (green icon in the toolbar).
2. Under the Inputs tab, customize parameters such as lot size, risk percentage, and trading hours if desired. Use the recommended settings for optimal performance.

Step 5: Activate the EA

1. Ensure the Auto Trading button on the toolbar is turned on.
2. Confirm the EA is running by checking for a smiling face in the top-right corner of the chart.

Step 6: Optimize Performance

1. Use a VPS for low-latency trading, especially during high-impact news events.
2. Periodically review the EA’s performance in the Strategy Tester to fine-tune its settings.

Step 7: Monitor Trades

1. Check the EA’s activity in the Trade tab to monitor open and closed trades.
2. Keep an eye on market conditions to ensure the EA performs effectively during volatile periods.

By following these steps, you can effectively install and run the Gold Scalping Expert trading bot on MetaTrader 4. Let me know if you need assistance with specific settings or troubleshooting!

If you encounter any problems or need detailed instructions, please refer to the documentation provided with the Gold Scalping Expert or contact us directly for the fastest support.

Gold Scalping Expert Downloads

Link download Gold Scalping Expert v2.5 MT4 BONUS Setfiles will be sent to your email after purchase.

+ Expert :

• Gold Scalping Expert v2.5.ex4
• Unlimited / NoDLL / Presets / PDF Manual / Build New
• Free 1 Year Updates

Payment

PayPal, Card: Our website checkout system automated.

Memo: Your email + EA name

EA will be send to your email ASAP.

More payment methods please contact us.

You can learn more about other EAs at: Forex Eas Mall