Gold Scalping Manual
Gold Scalping Manual
Available here:
MT4: https://www.mql5.com/en/market/product/124890?source=Site+Profile+Seller#
1. Strategy:
Gold Scalping Expert is a very intelligent smart algorithm which exploits the reaction of gold
during various high-impact events like geo-political news, pandemics, and economic changes.
This system trades breakouts using the popular zig-zag indicator by placing pending orders at
the turning points and when the price breaks out beyond these levels the orders will get
triggered. The EA is using a very smart trailing stop and dynamic stop loss to protect your
account and manage the risk properly without using martingale techniques.
The EA will wait for a new m15 candle before it puts buy pending orders at the top of the zig-
zag 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.
2. Best pair:
XAUUSD
a) Install the EA:
Log into Community in Metatrader terminal
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For mt5 you can open the “Market” tab on the menu top left and search for EA
c) Search for the EA that you want to buy by clicking on “Experts” tab
d) Click on the EA picture and click on “Buy” and choose the payment option and
complete the process
f) You will see a message in the “Journal tab” that the EA has been downloaded and the
EA will appear in the list of Expert Advisors
g) You will see the EA under Expert Advisors\Market – it is the same for mt4 and mt5
h) Now you can drag the EA on the xauusd m15 chart and load the set file.
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For Mt4: Go to “File”; “Open Data folder”; MQL4; “Presets” and drop your set files
there
4. Open the xauusd m15 chart, load the set file by clicking on the EA face top right for
mt4 or hat for mt5 and open up the settings and click on “Load” and select the set file
in the presets folder.
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5. Explanation of EA settings:
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▪ Open new series -on / off beginning of a new series of orders.
▪ Trade Buy -allow the adviser to buy.
▪ Trade Sell -allow the adviser to sell.
▪ Support manual orders true/false – allow EA to control manual orders
▪ Max Market Orders – maximum market orders allowed
▪ Max Pending Orders – maximum pending orders allowed
▪ Use Money Management – true/false - use of automatic lot calculation
▪ Autolot. Free margin for each 0.01 lot - the amount of free margin for opening every
0.01 lots.
▪ TP - take profit in points.
▪ Trail Start, points - activation of a trailing stop
▪ Trail Step - distance from the price when activating trailing stop.
▪ Close from reverse signal true/false – close all when signal reverses
▪ Start hour – starting time when opening the first order.
▪ End hour – time to stop trading
▪ Draw on-off – draw of profit tags on chart
▪ Next is Font settings
▪ Background color Result – color of background
▪ Magic EA – unique magic number of EA
▪ Next are settings of ZigZag indicator
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“Trade Buy”: if you click this button and it goes red the
EA will not allow buy orders in new series but the EA will
still handle open buy orders or open new buy orders
until it hits Take Profit of current series. After hitting
profit it will not open a buy again.
“Trade Sell”: if you click this button and it goes red the
EA will not allow sell orders in new series but the EA will
still handle open sell orders or open new sell orders until
it hits Take Profit of current series. After hitting profit it
will not open a sell again.
“Pause Buy”: if you click this button and it goes red all
buy positions will be paused and EA won’t add more
until you click it again and it goes green then it will add
again, the EA will always control the open trades.
“Pause Sell”: if you click this button and it goes red all
sell positions will be paused and EA won’t add more
until you click it again and it goes green, the EA will
always control the open trades.
7. MONEY MANAGEMENT
It is recommended that you use the following lot sizes:
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Medium Risk: Minimum of $600, use initial lot of 0.01
High Risk: Minimum of of $300 use initial lot of 0.01
8. SPECIAL OFFERS
a) Roboforex:
Get all EA’s for free!!
Please send me the account number The EA will be coded for your TWDS account number and will only
work on that account number, not on any other account (also not on a demo, you may request for a
demo).
c) Fusion Markets (Also available for European traders and can deposit and withdraw in crypto)
https://fusionmarkets.com/?refcode=83064
d) IC Markets (Also available for European traders and can deposit and withdraw in crypto)
https://icmarkets.com/?camp=62611
AFTER OPENING AN ACCOUNT WITH AFFILIATE BROKERS DO THE FOLLOWING:
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Send me a list of the EA's you want, take note that these EA's are martingale and it is better to use a cents
account as you need about 3000 per chart but for Network you can start with $500 and Gold Scalper
Expert with $300 minimum
Let me know if it is mt4 or mt5
(Please remember that author will first check if your account number is on his affiliate list. It takes time to
code every EA for your specific account number and if you open an account with $500 then obviously it
will be impossible to run every EA’s on that account. So think about this and plan your system before
making your request.
Risk Warning:
Trading Forex involves significant risk and can result in the loss of your invested capital. You should not invest more than
you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may
not be suitable for all investors. Before trading, please take into consideration your level of experience, investment
objectives and seek independent financial advice if necessary. Make sure that you fully understand the risks before you
make any trading decisions.
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