๐งฉ What is GOLD Scalper PRO?
The provided configuration of GOLD Scalper PRO for MetaTrader 5 (MT5) shows a conservative scalping setup for XAUUSD (Gold), focused on manual risk control, fixed lot sizing, tight take profit, and high stop loss tolerance to survive market noise. Grid, Martingale and aggressive recovery systems are intentionally disabled, making this setup more suitable for low-risk, non-grid scalping strategies.
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๐งฉ Risk Management Settings
๐ถ Key Parameters
- RecoveryMode:
false - FixedLots:
0.01 - AutoMM:
1.0 - AutoMM_Max:
5.0
๐ถ Analysis
- The EA uses a fixed lot size (0.01), ideal for small accounts or testing environments.
- Recovery mode is disabled, meaning no loss-chasing behavior.
- Although AutoMM exists, the fixed lot overrides dynamic scaling.
โ Conclusion: This configuration prioritizes capital preservation over profit acceleration.
๐งฉ General Trading Settings
๐ถ Key Parameters
- LongTrades:
true - ShortTrades:
true - MaxSpread:
40 - Slippage:
30 - StealthMode:
true - CloseOnlyOnProfit:
false - NFA / No Hedge:
false - EmergencyStopDist:
1500
๐ถ Analysis
- Trades are allowed in both directions, increasing opportunity coverage.
- High spread and slippage tolerance confirms suitability for volatile gold sessions.
- Stealth mode hides SL/TP from brokers (advanced feature).
- Large emergency stop distance prevents forced liquidation during spikes.
โ ๏ธ Risk Note: High spread tolerance can expose the trader during low-liquidity periods.
๐งฉ Trading Logic Settings
๐ถ Key Parameters
- StopLoss:
1400 - TakeProfit:
400 - Profit:
160 - TREND_STR:
210
๐ถ Analysis
- Risk-to-reward ratio is asymmetric (large SL, small TP).
- Designed for high win-rate scalping, not trend following.
- Strong trend filter reduces overtrading during ranging markets.
๐ Best Use Case: AsianโLondon overlap with stable volatility.
๐งฉ ATR Dynamic Stop & Take Profit (Disabled)
๐ถ Key Parameters
- Use_ATR_Profit:
false - Use_ATR_Stop:
false
๐ถ Analysis
- ATR-based dynamic stops are fully disabled.
- EA relies on fixed pip logic, ensuring predictable trade behavior.
โ Suitable for traders who prefer consistency over adaptability.
๐งฉ Notifications
- Email Notification:
false - Push Notification:
false
๐ Ideal for VPS-based fully automated trading.
๐งฉ GMT & News Filter Settings
๐ถ Key Parameters
- GMT_Offset:
2 - Calculate_DST:
true - Avoid_News:
false - Wait Before/After News:
30 minutes
๐ถ Analysis
- News filter is disabled โ EA trades through high-impact events.
- This increases profit potential but also drawdown risk during FOMC or NFP.
โ ๏ธ Recommendation: Enable news filter for real accounts.
๐งฉ Time Management Settings
๐ถ Trading Days
- Monday โ Friday:
true - Saturday / Sunday:
true
๐ถ Hour Restrictions
- AllowedHour_ForBacktest:
-1 - FridayExit:
false - LastTradeHour:
19 - ExitHour:
21
๐ถ Analysis
- Trades are allowed almost 24/7.
- No forced Friday exit โ positions may carry over weekend gaps.
โ ๏ธ Risk Warning: Weekend trading on Gold can be dangerous due to gaps.
๐งฉ Grid & Martingale System (Fully Disabled)
๐ถ Key Parameters
- Grid_System:
false - Grid_Martingale:
false - Grid_Max_Trades:
0
๐ถ Analysis
- This is NOT a grid EA setup.
- No averaging down or lot multiplication.
- Much safer for regulated brokers and prop firms.
โ Strong advantage for risk-conscious traders.
๐งฉ Final Conclusion: Is This a Safe GOLD Scalper PRO Setup?
๐ถ Strengths
โ Fixed low lot size
โ No martingale or grid
โ High stop-loss buffer for gold volatility
โ Trend filtering enabled
โ Broker-safe stealth mode
๐ถ Weaknesses
โ Small take profit limits growth
โ News filter disabled
โ Weekend trading enabled
โ Riskโreward ratio heavily skewed
๐ถ Overall Verdict
โญ Rating: 7.8 / 10
This GOLD Scalper PRO MT5 configuration is defensive, conservative, and suitable for beginners or small accounts, especially those who want steady scalping without grid or martingale risks. However, for long-term real-money trading, news filtering and weekend protection should be enabled to reduce unexpected drawdowns.
