🧩 What is Gold Fish Scalp EA?
The Gold Fish Scalp EA is a professional Expert Advisor (EA) for MetaTrader 4 (MT4) designed to trade automatically using advanced market analysis algorithms. The configuration in the image reveals that the system is optimized for precision scalping and risk-managed performance.
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⚙️ General Configuration
- Name: The GOLD FISH MT4 Expert Advisor
- Description: “Using complex algorithms for analyzing market data.”
→ This confirms that the EA applies multi-layered analytical models—possibly involving volatility detection and pattern recognition—for decision-making. - Order Comment:
GOLD_FISH
→ Used for easy trade tracking within the MT4 terminal. - Info Panel:
false
→ The visual dashboard is disabled, indicating the user prefers clean chart execution without on-screen data panels.
🎯 Trade Parameters
- Take Profit (TP):
230 points
→ A relatively moderate profit target, suitable for short-term trades that aim to capture quick price movements while avoiding overexposure. - Stop Loss (SL):
100 points
→ A tight stop-loss level enhances capital protection. The TP/SL ratio of approximately 2.3:1 shows that the EA is designed for positive risk-reward. - Trailing Stop:
30 points
→ Once the trade moves in profit, this feature locks in gains, helping preserve profits in volatile markets such as XAUUSD (Gold).
🔢 Money Management
- On/Off Use Risk Percent:
true
→ The EA dynamically adjusts the lot size based on account equity, ensuring risk scaling is consistent across trades. - Percent Risk (%):
1.0
→ The system risks 1% per trade, which is a conservative and professional risk management setting, ideal for long-term sustainability. - Fix Lots if Risk = 0:
0.01
→ In the absence of dynamic risk calculation, the EA defaults to 0.01 lot, which is the safest micro-lot size for smaller accounts. - Max Order Lot:
0.0
→ This setting means no hard cap is defined on the maximum lot size. However, since risk percent is limited to 1%, it remains under control.
🧩 Trade Behavior
- Step Add Order if > 1:
80 points
→ This shows the EA can add positions every 80 points, forming a mild scaling system, but sinceMax Orders = 1, this option is currently inactive. - Max Orders:
1
→ Only one trade at a time is allowed, eliminating grid or martingale behavior — a positive sign for low drawdown and high safety. - Reverse Trend (0–1):
0
→ Indicates the EA trades with the trend rather than countertrend, suitable for volatile markets like Gold.
🧠 Technical Summary
The combination of a tight SL, strong TP, and trailing stop makes Gold Fish EA behave like a smart scalper that focuses on momentum bursts. Its 1% risk model and single-position limitation show that it’s designed with risk-conscious traders in mind.
The disabled Grid and Martingale elements make it prop-firm friendly, meaning it can comply with funding account rules such as maximum drawdown and consistency limits.
✅ Conclusion – Is Gold Fish Scalp EA Worth Using?
The settings reveal that Gold Fish Scalp EA is a low-risk, precision-based scalping robot for MT4.
It combines:
- Dynamic position sizing (1% risk per trade)
- High reward-to-risk ratio (2.3:1)
- Trailing protection
- Single-trade logic (no martingale)
This configuration is ideal for traders who seek consistent growth, capital preservation, and automated performance in volatile instruments like XAUUSD (Gold).
