Merlin Scalp EA MT4 v1.7 + SetFiles (Platform build 1471+)
Subscriptions for Special Plan
- 30 EA package is more economical!
- Special package with 99%
- Download 1 EA/Day
Subscriptions for Premium Membership
- Download Unlimited in 1 Year
- Get 100% Discount
- Get free access to all
Subscriptions for Gold Membership
- 1 Year Membership
- Get 100% Discount
- Access EA+Indicator+Course
Frequently bought together 🎁
Add these products to enhance your purchase
Merlin Scalp EA MT4: Adaptive XAU/USD Scalping with Drawdown Control
Merlin Scalp EA is a professional Expert Advisor (EA) for automated gold trading, designed to combine adaptive market analysis, intelligent indicators and advanced risk management. Focused on XAU/USD stability and precision, the EA uses technical analysis and price action logic to deliver disciplined execution, flexible adaptability and consistent automated trading performance.
🔶 Vendor Wedsite: 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 Merlin Scalp EA 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 products.
Merlin Scalp EA MT4 Review
Key Features of Merlin Scalp for MT4
🔹 Specialized Gold Trading Automation: Optimized specifically for XAU/USD market volatility and behavior.
🔹 Adaptive Market Analysis System: Combines technical indicators with dynamic price action evaluation.
🔹 Integrated Risk Management Protection: Uses Stop Loss (SL), Take Profit (TP) and drawdown control mechanisms.
🔹 Flexible Trading Parameter Settings: Allows customization of lot size and trading risk preferences easily.
🔹 Fully Automated 24/5 Trading Engine: Continuously scans and executes trades without manual intervention.
What is the Merlin Scalp EA Trading Strategy?
🔹 Gold Scalping Execution Logic: Identifies short-term XAU/USD opportunities with precision market timing.
🔹 Price Action And Indicator Confirmation: Combines technical filters with adaptive entry validation logic.
🔹 Dynamic Market Response Framework: Adjusts trading behavior according to volatility and market movement.
🔹 Structured Risk-Controlled Trade Management: Protects positions using predefined Stop Loss and profit targets.
🔹 Fast Automated Opportunity Detection: Executes trades rapidly during active gold market conditions.
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?
🔹 Built For Stable Gold Trading Automation: Prioritizes disciplined execution and controlled market exposure.
🔹 Designed For Changing Market Conditions: Adaptive strategy logic improves flexibility during volatility shifts.
🔹 Professional Risk Management Features: Helps reduce emotional trading and improve capital protection.
🔹 Suitable For Beginners And Professionals: Easy setup with customizable parameters for different risk styles.
🔹 Marketplace-Ready Automated EA Solution: Ideal for traders seeking reliable and resilient gold trading.
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:
1. Experts:
✅ Merlin Scalp EA v1.7_fix.ex4
2. SetFiles:
✅ Gold_Merlin_Scalp_Risk0.1%.set
✅ Gold_Merlin_Scalp_Risk0.2%.set
✅ Gold_Merlin_Scalp_Risk0.3%.set
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.
Marlin Scalp EA MT4 Settings Explained – Complete Setup Guide
Marlin Scalp EA is an automated Forex scalping Expert Advisor designed for the MetaTrader 4 platform. The EA focuses on high-speed market execution, spread control, trailing stop management, and customizable risk settings to help traders automate short-term trading strategies.
Marlin Scalp EA MT4 is especially suitable for traders who prefer flexible lot sizing, controlled drawdown, and continuous market monitoring during active trading sessions.
Marlin Scalp EA MT4 Settings
Marlin Scalp EA MT4 Full Settings Explanation
Below are the details of the parameters in the advisor’s trading system settings table:
Marlin Scalp EA MT4 Settings Panel
General Settings
🔹 NameAI = The Gold Expert Advisor: Displays the internal EA name used by the trading system.
🔹 Trade_set = ====Trade Setting====: Section header that groups all trading-related parameters.
Trade Settings
🔹 TP = -8000: Sets the Take Profit value to -8000 points; depending on EA logic, negative values may indicate dynamic or disabled TP behavior.
🔹 SL = 980.0: Sets the Stop Loss distance to 980.0 points.
🔹 Trail = 10.0: Defines the Trailing stop distance at 10.0 points.
🔹 TralStep = 10: Sets the trailing stop adjustment step to 10 points.
🔹 TralingStart = false: Disables the automatic trailing stop activation feature.
🔹 Max Spread = 40: Allows trading only when the market spread is below 40 points.
🔹 Advisor ID = 7125.0: Unique identifier used by the EA to manage its own trades.
Time Settings
🔹 Time_Volume = ====Time Setting====: Section header for trading session configuration.
🔹 Start timeof work = 1.0: The EA begins trading operations at broker server hour 1.0.
🔹 Work completion time = 23.0: The EA stops opening trades at broker server hour 23.0.
Volume Settings
🔹 Lot_Volume = ====Volume Setting====: Section header for lot sizing and risk management parameters.
🔹 Risk % = 0.1: Risks 0.1% of the trading account balance per trade.
🔹 Fix Lots = 0.01: Uses a fixed trading lot size of 0.01 lots when fixed lot mode is enabled.
Trade Comment Settings
🔹 Coment = Merlin_Scalp: Adds the comment Merlin_Scalp to all trades opened by the EA.
Conclusion
Marlin Scalp EA MT4 is a lightweight and flexible automated scalping system for MetaTrader 4 traders. With configurable stop loss, trailing stop logic, spread filtering, and adjustable trading hours, the EA provides traders with a practical framework for short-term automated trading. Its combination of low-risk lot sizing and session-based trading makes it suitable for both conservative and active Forex traders.
FAQs
❓ What is Marlin Scalp EA MT4?
Marlin Scalp EA MT4 is an automated scalping Expert Advisor developed for the MetaTrader 4 trading platform.
❓ What lot size does Marlin Scalp EA MT4 use?
The EA currently uses a fixed lot size of 0.01 lots.
❓ Does Marlin Scalp EA MT4 support trailing stop?
Yes, the EA includes trailing stop settings with Trail = 10.0 and TralStep = 10.
❓ What is the maximum spread allowed in Marlin Scalp EA MT4?
The EA allows trading only when the spread is below 40 points.
❓ What trading hours are configured in Marlin Scalp EA MT4?
The EA starts trading at 1.0 broker server time and stops at 23.0.
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.
🔥 Get This EA for FREE with Our Membership! 🚀🚀
Unlock access to this EA, premium Indicators, and exclusive trading tools completely FREE with any of our Membership Plans! Thousands of traders already benefit from our VIP library—join them and level up your trading instantly. Choose Your Membership:
- SPECIAL – 1 Month Membership
- GOLD – 1 Year Membership
- PREMIUM – 1 Year Membership
-
Price range: $80.00 through $599.00 -
Price range: $75.00 through $599.00 -
Price range: $75.00 through $599.00 -
Price range: $89.00 through $599.00
-
2Original price was: $1,799.00.$59.00Current price is: $59.00. -
1Original price was: $950.00.$59.00Current price is: $59.00. -
3Original price was: $499.00.$59.00Current price is: $59.00. -
3Original price was: $999.00.$69.00Current price is: $69.00.
There are no reviews yet.