🧩 What is Oracle Gold Scalper EA?
Oracle Gold Scalper EA is an automated trading robot for MetaTrader 4 (MT4), optimized for the highly volatile Gold (XAUUSD) market. The settings indicate a non-martingale, conservative scalping strategy, prioritizing capital protection and long-term stability over aggressive profit generation.
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🧩 Account & License Configuration
- RealAccountNumber / DemoAccountNumber: 0
→ No account binding; EA can run on any MT4 account. - LicenseKey / ClientEmail: Empty
→ License verification not enforced in this configuration.
🧩 Trading Mode & Automation
- Trading Mode: Automatic Trading
→ Fully automated Gold trading without manual intervention. - Manual Direction: None (No Trade Bias)
→ EA independently decides BUY or SELL based on its algorithm.
➡️ Benefit: Ideal for hands-free XAUUSD automated trading.
🧩 Lot Size & Risk Control
- Initial Lot Size: 0.01
→ Extremely safe starting volume, suitable for small accounts. - Martingale Multiplier: 1.0
→ Martingale strategy disabled.
➡️ Key Advantage: This dramatically reduces risk compared to aggressive Gold martingale EAs.
🧩 Order Spacing, Take Profit & Stop Loss
- Open Distance: 350 pips
→ Prevents overtrading in tight Gold ranges. - Take Profit: 450 pips
→ TP larger than order distance, improving trade expectancy. - Stop Loss: 3000 pips
→ Wide SL to handle Gold price spikes and volatility.
➡️ Trading Logic: Designed for volatile XAUUSD conditions with fewer stop-outs.
🧩 Trailing Stop & Profit Limitation
- Trailing Stop: Enabled
- Trailing Stop Distance: 400 pips
- Max Profit Limit: 1000
➡️ Result: Locks in profits during favorable moves and stops trading after reaching a defined profit target, protecting gains.
🧩 Trade Count & Drawdown Protection
- Max Trades: 100
- Max Drawdown Percent: 100%
- Drawdown Mode: Stop EA when limit is reached
➡️ Risk Management Highlight: Built-in emergency stop prevents continuous trading during extreme drawdowns.
🧩 News Filter Protection
- News Filter: Enabled
- Disable Trading 30 Minutes Before News
- Disable Trading 30 Minutes After News
➡️ Importance for Gold Trading: Gold reacts strongly to USD news, interest rates, inflation, and FOMC events. News filtering significantly improves EA stability.
🧩 Trading Sessions & Time Control
- Trading Hours: 00 – 24 (24/7)
- Asian Session: Enabled
- London Session: Enabled
- New York Session: Enabled
➡️ Advantage: Allows Oracle Gold Scalper EA to exploit volatility across all major market sessions.
🧩 Final Conclusion
The Oracle Gold Scalper EA MT4 settings presented here represent a low-risk, conservative Gold scalping strategy. With martingale disabled, small lot sizing, news filtering, and drawdown protection, this EA is well-suited for traders who prioritize account safety and consistency.
✅ Pros
- Non-martingale Gold EA.
- Strong news filter for XAUUSD.
- Trailing stop and profit cap enabled.
- Suitable for small and medium MT4 accounts.
- Full session coverage (Asia, London, New York).
⚠️ Cons
- Wide stop loss may cause floating drawdown.
- Slower profit growth due to conservative settings.
- High max trades requires sufficient margin.
🎯 Best For
- Automated XAUUSD trading on MT4.
- Traders seeking stable, long-term Gold scalping.
- Risk-averse users avoiding aggressive martingale EAs.
