PythonX M1 Scalper XAUUSD MT5 v5.0 + Sets (Original version)

PythonX M1 Scalper XAUUSD MT5: Precision Price Action Scalping for Gold

PythonX M1 Scalper XAUUSD is a high-frequency Expert Advisor (EA) specifically tailored for scalping Gold (XAUUSD) on the M1 (1-minute) timeframe. Its core strategy is price action-focused, primarily relying on engulfing candlestick pattern detection for entries. Designed for fast and reactive trading, this EA aims to capture short-term movements in highly volatile sessions while maintaining a controlled risk-reward profile.

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Key Features

🔹Price Action Scalping: Mainly uses engulfing candlestick pattern detection to enter orders with high accuracy, making it highly responsive to instantaneous price movements.
🔹Gold Specialty: Tailored and optimized for gold scalping, taking advantage of the unique volatility and liquidity of XAUUSD.
🔹M1 Timeframe Operation: Designed for 1-minute timeframe, allowing high-frequency trading and quick capture of small price movements.
🔹Defined Take Profit & Stop Loss: Using fixed Take Profit and Stop Loss, ensuring a controlled and balanced risk-reward ratio.
🔹Non-24/7 Trading: Trade only during specific market hours, potentially avoiding periods of low liquidity and high spreads, optimizing order entry quality.

Additional Features

🔹Optional Filtering Mechanism: While initially focused on pure price action, it includes CCI, RSI, EMA and Disabled Volume Filters that can be easily enabled for enhanced filtering and trend/momentum confirmation.
🔹Configurable Indicator Settings: Provides detailed settings for Indicator Periods (CCI, RSI), EMA Periods and Volume Lookback Bars if additional filters are enabled.
🔹Flexible Lot Configuration: Allows Fixed Lot Configuration, suitable for both manual risk adjustment and fixed lot sizes.
🔹High Volatility Session Optimization: Ability to optimize entries during highly liquid market sessions to minimize losses related to slippage and spreads.

PythonX M1 Scalper XAUUSD MT5 Review

PythonX M1 Scalper XAUUSD is a gold-focused Expert Advisor (EA) designed for short-term scalping on the M1 (1-minute) timeframe. According to the backtest report, this EA showcases a blend of consistent growth, moderate drawdown, and high-frequency trading performance over nearly 5 months.

🔹Trading with a capital of $500, performance parameters achieved include:

✅ Initial Deposit: $500
✅ Total Net Profit: $9,300
✅ Drawdown (Max Balance): 18.89%
✅ Drawdown (Max Equity): 20.26%

PythonX M1 Scalper XAUUSD EA Backtest Reuslts

🔹Trading with a capital of $1,000, performance parameters achieved include:

✅ Initial Deposit: $1,000
✅ Total Net Profit: $13,300
✅ Drawdown (Max Balance): 18.31%
✅ Drawdown (Max Equity): 19.64%

PythonX M1 Scalper XAUUSD EA Backtests Reuslts

🔹Trading with a capital of $2,000, performance parameters achieved include:

✅ Initial Deposit: $2,000
✅ Total Net Profit: $34,600
✅ Drawdown (Max Balance): 14.77%
✅ Drawdown (Max Equity): 15.88%

PythonX M1 Scalper XAUUSD Backtest Reuslts

🔹Trading with a capital of $10,000 (Prop Firm), performance parameters achieved include:

✅ Initial Deposit: $10,000
✅ Total Net Profit: $5,300
✅ Drawdown (Max Balance): 5.16%
✅ Drawdown (Max Equity): 5.54%

PythonX M1 Scalper XAUUSD MT5 Backtest Reuslts

Why Use PythonX M1 Scalper XAUUSD EA?

🔹Precision Price Action Entries: By focusing on the powerful engulfing pattern, the EA aims for highly accurate and reactive entries in fast-moving markets.
🔹Controlled Risk-Reward Profile: The defined Take Profit (TP) and Stop Loss (SL) levels ensure a balanced and controlled risk-reward ratio, which is crucial for scalping strategies.
🔹Optimized for Gold’s Volatility: Its specific design for XAUUSD on the M1 timeframe allows it to effectively navigate and profit from Gold’s characteristic high volatility.
🔹Customizable for Advanced Users: The ability to enable additional filters (CCI, RSI, EMA, Volume) provides flexibility for experienced traders to fine-tune the strategy for added precision and confluence.
🔹Simplified & Direct Approach: For traders seeking a simple, direct, and price-action-based scalper, the EA’s default setup offers raw potential without unnecessary complexity.

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

==>> Reviewed by David Easton

Product Download Package?

The download package of the product suite includes:

1. Experts:

✅ PythonX M1 Scalper XAUUSD v5.0_fix.ex5

2. Presets:

✅ Prop_$10K.set
✅ Prop_$20K.set
✅ Prop_$25K.set
✅ Prop_$50K.set
✅ Prop_$100K.set
✅ Gold_$200_Medium Risk.set
✅ Gold_$500_Medium Risk.set
✅ Gold_$1000_Low Risk.set
✅ Gold_$1000_Medium Risk.set
✅ Gold_$1000_High Risk.set

==>> Setting Guide

Conclusion: PythonX M1 Scalper XAUUSD – A Precision Gold Scalping EA for High-Frequency Trading on M1

In short, PythonX M1 Scalper XAUUSD is a cutting-edge, high-frequency Expert Advisor (EA) tailored exclusively for scalping Gold (XAUUSD) on the M1 (1-minute) timeframe. Built on a price-action foundation, it focuses on detecting engulfing candlestick patterns to deliver precise entries in volatile market sessions. With its fixed Stop Loss and Take Profit settings, it ensures disciplined trade management and a well-defined risk-reward ratio, making it ideal for short-term traders aiming for consistent gains.