Merlin Scalp EA MT4 (Latest version) - Unlimited

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Merlin Scalp EA MT4: Adaptive XAU/USD Scalping with Drawdown Control
Merlin Scalp EA is an automated trading robot specifically designed for XAU/USD (Gold) trading on the MT platform. It uses an adaptive strategy that combines technical indicators and Price Action analysis to maximize profits and minimize risks, while featuring a crucial maximum drawdown control system to protect invested capital.
➡️ Vendor Wedsite: View here
About the Author
This product is compiled by Dmitriq Evgenoeviz Ko. This author has more than +4 years of experience working on MQL5 with many famous products such as Merlin Scalp MT4, Golden Harmony MT4, Infinity Gold Impulse MT4, Pharaoh Gold MT4, Apex Gold MT4 and other advisors. Among them, Merlin Scalp MT4 is his best performing product.
➡️ Delivery time 24h-48h after payment.
➡️ Refund if not delivered.
➡️ You will receive the current version without any limitations (ID+Time).

Merlin Scalp EA MT4 Review
Key Features of Merlin Scalp for MT4
🔹 XAU/USD Specialization: Designed to account for the unique features of gold price behavior, including high volatility and global event sensitivity.
🔹 Adaptive Strategy: Uses a combination of technical indicators and Price Action algorithms to determine optimal entries and exits.
🔹 Drawdown Control System: Includes a maximum drawdown control system alongside SL/TP to reliably protect invested capital.
🔹 Built-in Risk Management: Sets Stop Loss (SL) and Take Profit (TP) for each operation to define boundaries and prevent unexpected losses.
🔹 Customizable Parameters: Allows users to adjust lot size, SL/TP, and indicator parameters for personalization and risk alignment.
What is the Merlin Scalp EA Trading Strategy?
The core strategy is a flexible, adaptive model that continuously monitors the volatile Gold market. By combining technical analysis with Price Action, the EA aims to identify high-probability entry and exit points quickly, ensuring stability and a disciplined approach that flexibly responds to market changes.
🔹 Combined Analysis: The strategy combines technical indicators and Price Action to determine optimal trading conditions and execution points.
🔹 Flexible Market Response: Flexibly responds to changes in market conditions to ensure stable results and continued efficiency.
🔹 Disciplined Execution: Automatically executes trades faster and more accurately than a human, based on pre-set parameters.
Merlin Scalp EA MT4 Review
The Merlin Scalp EA backtest trading results achieved impressive profit performance for 6 consecutive months on the XAUUSD (Gold) pair. The advisor showed the ability to maintain safe stars on the 5-minute chart.
✅ Initial Deposit: $200
✅ Total Net Profit: $98,566.84
✅ Win Rate: 99.37%
✅ Maximum Drawdown: 1.98%

Merlin Scalp EA Backtest Results
Why Choose and Use Merlin Scalp EA?
🔹 24/5 Automated Trading: Operates around the clock, capturing market opportunities at any time without requiring constant trader monitoring.
🔹 Enhanced Safety: Maximum drawdown control adds an extra layer of security for capital protection in highly volatile markets.
🔹 Elimination of Emotion: Eliminates the influence of emotions on decision-making, providing a more disciplined and consistent trading approach.
🔹 Increased Efficiency: Analyzes the market and opens trades faster and more accurately than manual trading, potentially increasing profitability.
🔹 Ease of Use: Features an intuitive interface that makes it easy for even novice traders to install and configure.
Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
Features | Type |
---|---|
Trading platform | MetaTrader 4 (MT4) |
Time frames | M5 (5 minute chart) |
Currency pairs | XAUUSD (Gold) |
Minimum / Recommended deposit | $100 |
Minimum / Recommended leverage | Any |
Account types | Any |
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:
✅ Experts: Merlin Scalp_fix.ex4
Conclusion
In short, Merlin Scalp EA for MT4 delivers precision and control in Gold trading through its adaptive Price Action strategy and powerful drawdown protection system. Designed for XAU/USD, it ensures disciplined, high-accuracy execution while minimizing risk. With automated 24/5 operation, customizable settings, and advanced risk management, Merlin Scalp stands out as a smart, reliable tool for consistent and secure Gold market profits.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What trading platform is Merlin Scalp EA compatible with?
Merlin Scalp EA is built for MetaTrader 4 (MT4) and is specifically optimized for Gold (XAUUSD) trading on the M5 (5-minute) timeframe to capture short-term market opportunities efficiently.
❓ Does Merlin Scalp EA use risky systems like Martingale or Grid?
No. Merlin Scalp EA follows strict capital protection rules and does not use Martingale or Grid trading, making it safer and more stable in volatile gold markets.
❓ What is the core trading strategy of Merlin Scalp EA?
The EA combines technical indicators with Price Action analysis to detect high-probability entry and exit points. It adapts to changing market conditions to maintain consistent and disciplined performance.
❓ How does the Drawdown Control System work?
The built-in Maximum Drawdown Control System monitors trading performance in real time and limits risk exposure to protect the trader’s invested capital, especially during volatile market conditions.
❓ What are the backtest results of Merlin Scalp EA?
With a $200 starting balance, Merlin Scalp EA achieved $98,566.84 in net profit, a 99.37% win rate, and only 1.98% maximum drawdown over a 6-month backtest on XAUUSD (Gold).
❓ Is Merlin Scalp EA suitable for beginners?
Yes. Merlin Scalp EA is user-friendly with an intuitive interface, and its fully automated trading allows even beginners to use it without manual intervention or deep trading experience.
❓ Can traders adjust the settings and risk parameters?
Yes. Users can customize lot sizes, Stop Loss (SL), Take Profit (TP), and indicator parameters to fit their personal trading preferences and risk tolerance.
❓ What are the minimum requirements to run Merlin Scalp EA?
The EA requires a minimum deposit of $100, works with any leverage, and supports any account type, making it flexible for all traders.
❓ How does Merlin Scalp EA ensure emotional-free trading?
It executes trades automatically based on algorithmic rules, eliminating emotional biases and ensuring consistent, logic-based decision-making for improved discipline and efficiency.
❓ Why should traders choose Merlin Scalp EA?
Merlin Scalp EA offers 24/5 automated trading, enhanced drawdown protection, and high precision execution — providing a powerful balance between profitability, safety, and simplicity for Gold traders.
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