MT4XAUUSD (GOLD) · M1 & M5Updated 19 May 2026

Gold Fish Scalp EA MT4 v1.13 + SetFiles (Unlimited) | Available

Gold Fish Scalp EA is a robot built for trading XAUUSD (Gold). Real trading profit performance has been verified by real accounts.

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Will it work for me?

Trading platform

MetaTrader 4 (MT4)

Time frames

M1 & M5

Currency pairs

XAUUSD (GOLD)

Minimum / Recommended deposit

$50

Minimum / Recommended leverage

Any

Account types

Any (ECN/Raw spread)

Product type

NoDLL / Unlimited / Unlocked

Additional services

Unlock and Decompile

Recommended brokers

Exness Broker, Icmarkets Broker

Recommended VPS

MyfxVPS.com (Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months.

What you get

In the download

COMGold Fish Scalp EA MT4 by eafxstore.com

Optimize Settings

Recommended settings for Gold Fish Scalp EA MT4 v1.13

Gold Fish Scalp EA MT4 Settings Explained – Full Configuration Guide

Gold Fish Scalp EA is an automated scalping Expert Advisor (EA) developed for MetaTrader 4 traders who want fast trade execution, dynamic risk management and optimized market entry strategies.

The EA uses advanced market analysis algorithms combined with trailing stop systems, multi-order management and percentage-based risk controls to improve trading efficiency.

Gold Fish Scalp EA is especially suitable for forex and gold scalping traders looking for a lightweight yet flexible automated trading solution.

Gold Fish Scalp EA MT4 Full Settings Explanation

Below are the details of the parameters in the advisor’s trading system settings table:

General Settings

🔹 Name = The GOLD FISH MT4 Expert Advisor: Displays the official Expert Advisor name as The GOLD FISH MT4 Expert Advisor.

🔹 Desc = Using complex algorithms for analyzing market data.: Short description explaining that the EA uses complex market analysis algorithms.

🔹 Configuration = ==== General setting ====: Section header for the main EA configuration settings.

🔹 Order Comment = GOLD_FISH: Sets the trade comment label to GOLD_FISH.

🔹 Info Panel = false: Disables the on-chart information panel display.

Trade Management Settings

🔹 Take Profit = 230: Sets the take profit target to 230 points.

🔹 Stop Loss = 100: Sets the stop loss level to 100 points.

🔹 Magic Number, kind of… = 2025: Unique magic number identifier set to 2025.

🔹 Step add order if > 1 = 80: Opens additional orders every 80 points when more than one order is active.

🔹 Max Orders = 1: Limits the maximum number of simultaneous orders to 1.

🔹 Trailing Stop = 30: Activates trailing stop functionality with a trailing distance of 30 points.

Lot Size & Risk Management Settings

🔹 Fix lots if Risk =0 = 0.01: Uses a fixed lot size of 0.01 when risk percentage is disabled or set to 0.

🔹 On/Off Use Risk Percent = true: Enables percentage-based risk management.

🔹 Percent_Risk (%) = 1.0: Risks 1.0% of account balance per trade.

🔹 Max Order Lot = 0.0: Maximum order lot size is set to 0.0, which may indicate unlimited or broker-controlled sizing.

Trend Settings

🔹 Reverse Trend: 0-1 = 0: Disables reverse trend trading mode with value 0.

Conclusion

Gold Fish Scalp EA MT4 is a compact and efficient scalping Expert Advisor designed for traders seeking automated execution with controlled risk management. The EA combines take profit, stop loss, trailing stop, and percentage-based risk settings into a simple but flexible trading system.

With customizable order management and trend control options, Gold Fish Scalp EA MT4 can be adapted for both conservative and aggressive scalping strategies on forex and gold markets.

FAQs

❓ What is Gold Fish Scalp EA MT4?
Gold Fish Scalp EA MT4 is an automated scalping Expert Advisor for MetaTrader 4 designed for forex and gold trading.

❓ Does Gold Fish Scalp EA MT4 support risk-based lot sizing?
Yes, the EA includes percentage-based risk management through the Percent_Risk (%) setting.

❓ Can Gold Fish Scalp EA MT4 use trailing stop?
Yes, the EA includes a trailing stop feature set to 30 points by default.

❓ What is the default lot size in Gold Fish Scalp EA MT4?
The default fixed lot size is 0.01 when risk percentage mode is disabled.

❓ Is Gold Fish Scalp EA MT4 suitable for beginners?
Yes, the EA includes simple settings and automated trading functions suitable for beginner and experienced traders alike.

Full review

What is Gold Fish Scalp EA MT4?

Gold Fish Scalp EA is an intelligent Expert Advisor (EA) designed for automated gold trading with adaptive indicators, breakout analysis and advanced risk management. Built for stability and flexibility, the EA combines trend-following logic, real-time market adaptation, and protective trading systems to optimize XAUUSD performance in changing market conditions.

🔶 Vendor Website: View here

About the Author

This product is compiled by Dmitriq Evgenoeviz Ko. This author has more than +5 years of experience working on MQL5 with many famous products such as Gold Fish Scalp MT4, Gold x25 MT4, Golden Harmony MT4, Infinity Gold Impulse MT4, Pharaoh Gold MT4 and other advisors. Among them, Gold Fish Scalp EA is his best performing products.

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Key Features of Gold Fish Scalp EA for MT4

🔹 Advanced Breakout Trading Logic: Detects profitable gold market breakouts with adaptive filtering.
🔹 Real-Time Market Adaptation: Adjusts trading behavior dynamically during changing volatility phases.
🔹 Integrated Risk Management System: Uses Stop Loss (SL) and protective controls for safer execution.
🔹 Optimized For XAUUSD Scalping: Designed specifically for fast-paced gold trading environments.
🔹 Fully Automated Trading Process: Provides hands-free execution with minimal setup requirements.

What is the Gold Fish Scalp EA trading strategy?

🔹 Multi-Strategy Breakout Analysis: Combines several breakout methods to improve trade accuracy.
🔹 Trend-Following Execution Logic: Identifies and follows strong market momentum movements.
🔹 False Signal Reduction Filters: Uses adaptive indicators to avoid unstable market entries.
🔹 Scalping And Trend Adaptability: Performs efficiently in trending and sideways conditions.
🔹 Protective Stop Loss Management: Applies structured risk controls on every open position.

Gold Fish Scalp EA MT4 Review

The Gold Fish Scalp EA backtest trading results achieved impressive profit performance for 11 consecutive months on the XAUUSD (Gold) pair. The advisor showed the ability to maintain safe stars on the 1-minute chart.

✅ Initial Deposit: $50
✅ Total Net Profit: $95.35 million
✅ Win Rate: 80.33%
✅ Maximum Drawdown: 2.51%

Why Choose and Use Gold Fish Scalp EA?

🔹 Built For Stable Gold Trading: Focuses on consistency and controlled automated execution.
🔹 No Grid Or Martingale Systems: Uses disciplined trading without dangerous recovery methods.
🔹 Professional Risk Control Features: Includes stop loss and adaptive volatility protection tools.
🔹 Flexible For All Experience Levels: Suitable for beginners and advanced automated traders.
🔹 Ideal For Marketplace Trading: Designed for reliable XAUUSD automation and long-term use.

Recommended settings

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

Features	Type
Trading platform	MetaTrader 4 (MT4)
Time frames	M1 & M5
Currency pairs	XAUUSD (GOLD)
Minimum / Recommended deposit	$50
Minimum / Recommended leverage	Any
Account types	Any (ECN/Raw spread)
Product type	NoDLL / Unlimited / Unlocked
Additional services	Unlock and Decompile
Recommended brokers	Exness Broker, Icmarkets Broker
Recommended VPS	MyfxVPS.com (Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months.

➡️ Reviewed by David Easton

Product Download Package?

The download package of the product suite includes:

1. Experts:

✅ Gold Fish Scalp EA v1.13_fix.ex4

2. SetFiles:

✅ GFS_Risk1%_SLTP_LowRisk.set
✅ GFS_Risk2%_SLTP_MediumRisk.set
✅ GFS_Risk5%_SLTP_HighRisk.set

Conclusion

In short, Gold Fish Scalp EA for MT4 is a specialized, fully automated system built for XAUUSD trading, combining breakout precision with adaptive market analysis. With guaranteed Stop Loss protection, zero risky strategies, and exceptional backtest results, it ensures stability and profitability on low timeframes. Gold Fish Scalp proves that smart automation turns every market move into golden trading opportunities.

Questions about Gold Fish Scalp EA MT4 v1.13

❓ What is Gold Fish Scalp EA and how does it work?

Gold Fish Scalp EA is a fully automated Expert Advisor (EA) for MetaTrader 4 (MT4), designed specifically to scalp Gold (XAU/USD) on the M1 to M5 timeframes. It uses multiple built-in breakout formulas and real-time data analysis to detect short-term price opportunities and execute trades automatically.

❓ Does Gold Fish Scalp EA use Martingale or Grid strategies?

No. Gold Fish Scalp EA strictly avoids high-risk strategies such as Martingale and Grid trading. It relies on a disciplined approach with a guaranteed Stop Loss for every trade, ensuring safety and consistent performance even during volatile market conditions.

❓ Which currency pairs and timeframes does the EA work best on?

Gold Fish Scalp EA is optimized for XAU/USD (Gold) only and performs best on M1 (1-minute) and M5 (5-minute) charts. These low timeframes allow the EA to capture quick price movements typical in gold trading.

❓ What is the minimum deposit required to run Gold Fish Scalp EA?

The minimum recommended deposit is $50, making it extremely accessible to all types of traders. However, higher deposits (e.g., $200–$500) are recommended for smoother trade execution and better drawdown management.

❓ What kind of trading strategy does Gold Fish Scalp EA use?

The EA combines multiple breakout strategies and trend-following techniques. It filters out false signals through an unconventional filtering method and adapts dynamically to both trending and sideways markets for consistent, low-risk performance.

❓ How does the EA protect trades and control risk?

Gold Fish Scalp EA includes a guaranteed Stop Loss on every position, ensuring no open trades are left unprotected. It uses strict risk management rules without averaging, martingale, or hedging — making it ideal for traders focused on capital preservation.

❓ What kind of performance has been shown in backtests?

In backtests over 11 consecutive months on the XAU/USD pair, the EA achieved: ✅ Initial Deposit: $50 ✅ Total Net Profit: $95.35 million ✅ Win Rate: 80.33% ✅ Maximum Drawdown: 2.51% These results demonstrate outstanding profitability with minimal risk exposure.

❓ Is Gold Fish Scalp EA suitable for beginners?

Yes. The EA is very beginner-friendly, thanks to its plug-and-play automation. It requires minimal setup, runs 24/7, and can be used even by those with little technical trading experience.

❓ Can Gold Fish Scalp EA work with any broker or account type?

Absolutely. The EA is compatible with all broker types and account categories, including Standard, ECN, and Raw Spread accounts. For best execution speed and spread quality, an ECN or Raw Spread account is recommended.

❓ What makes Gold Fish Scalp EA different from other gold scalping robots?

Gold Fish Scalp EA stands out for its real-time data processing, unique breakout filtering system, and strict no-risky-strategy rule. It combines precision, safety, and accessibility — offering a balance between high accuracy and capital protection in fast gold markets.