🧩 What is Marlin Scalp EA?
Marlin Scalp EA is an automated scalping Expert advisor (EA) designed primarily for Gold (XAUUSD) and high-volatility instruments. The settings shown reveal a strategy focused on fast entries, controlled risk per trade, and time-restricted trading sessions. Below is a complete breakdown of each parameter and its real-world trading impact.
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🧩 General EA Information
🔹 NameAI: The Gold Expert Advisor
- Confirms the EA is optimized specifically for Gold trading (XAUUSD).
- Gold scalping requires high spread tolerance and fast execution, which aligns with the settings.
🔹 Advisor ID: 7125
- Unique magic number used to manage and track EA trades.
- Prevents conflicts with other EAs or manual orders.
🔹 Comment: Merlin_Scalp
- Helps identify trades in MT4 history, Myfxbook, or broker statements.
🧩 Trade Execution Settings
🔹 TP (Take Profit): -8000
- A negative TP value usually indicates dynamic or internal profit-taking logic.
- The EA may close trades based on price action, trailing logic, or time conditions instead of fixed TP.
🔹 SL (Stop Loss): 980.0
- Wide stop loss, typical for Gold scalping to avoid premature stop-outs.
- Indicates the EA relies more on win rate and micro-profits than tight stops.
🔹 Max Spread: 40
- Allows trading even during relatively high spreads.
- Suitable for XAUUSD, which often experiences spread expansion during volatile sessions.
📌 Insight:
These settings confirm that Marlin Scalp EA prioritizes trade survival and execution frequency over strict stop-loss control.
🧩 Trailing Stop Configuration
🔹 Trail: 10.0
- Activates trailing stop after price moves in profit.
- Locks in gains quickly, essential for scalping strategies.
🔹 TrailStep: 10
- Trailing stop updates every 10 points.
- Helps avoid excessive stop-loss modifications.
🔹 TrailingStart: false
- Trailing begins immediately rather than waiting for a profit threshold.
- Increases protection but may reduce maximum profit potential.
🧩 Time-Based Trading Control
🔹 Start time work: 1.0
- EA begins trading at 01:00 (broker time).
🔹 Work completion time: 23.0
- EA stops trading at 23:00.
- Avoids illiquid rollover periods.
📌 Insight:
This time window covers nearly the full trading day while still excluding the most dangerous market hours.
🧩 Volume & Money Management Settings
🔹 Trade_Volume Section
🔹 Risk %: 0.1
- Extremely conservative risk per trade (0.1%).
- Ideal for long-term account protection and prop firm compliance.
🔹 Fix Lots: 0.01
- Minimum lot size, suitable for small accounts or testing.
- Works as a fallback if risk-based calculation is not triggered.
📌 Key Advantage:
This EA configuration is low-risk by design, making it attractive for cautious traders and funded account challenges.
🧩 Final Verdict – Is Marlin Scalp EA MT4 Safe to Use?
✅ Pros
- Optimized for Gold scalping
- Very low risk per trade (0.1%)
- Wide stop loss suitable for volatile markets
- Trailing stop for profit protection
- Time-restricted trading avoids rollover risk
- Suitable for prop firm rules and small accounts
⚠️ Cons
- No fixed take profit target
- Wide SL may cause large floating drawdown
- Requires low-latency broker for best performance
- Performance highly dependent on spread and execution speed
🧩 Conclusion
Marlin Scalp EA is a conservative, Gold-focused scalping robot designed to generate small, frequent profits while maintaining strong risk control. The combination of low risk percentage, trailing stop logic, and time-filtered execution makes it suitable for disciplined traders who prefer stability over aggressive growth.
👉 Best for:
- XAUUSD scalping.
- Small to medium accounts.
- Prop firm challenges.
- Traders prioritizing drawdown safety.
