AI XAU M1 Scalper utilizes a multi-indicator approach combined with Smart Money Concepts, including order blocks, fair value gaps, and liquidity sweeps. The robot calculates a confidence score for entries using EMA trend analysis, RSI, and MACD confirmation. It manages risk through adaptive lot sizing based on confidence levels and protects positions with break-even logic and a time-based trade exit. The EA enforces a one-trade-at-a-time rule and avoids high-risk recovery strategies like martingale or grid.
Read from AI_XAU_M1_Scalper.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
MagicNumber
ulong
777777
AllowBuy
bool
true
AllowSell
bool
true
MinimumConfidence
double
75.0
Lot70
double
0.01
Lot80
double
0.02
Lot90
double
0.05
Lot95
double
0.10
BreakEvenTrigger
double
2.0
BreakEvenOffset
double
0.20
MaximumTradeMinutes
int
5
UseAdaptiveLots
bool
true
Show all 13 inputs
Name
Type
Default
Description
EnableLogs
bool
true
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone shedrigarish/scalping-bot-by-shedrigar from GitHub, and unzip it.
2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
3Copy the filesCopy the .mq5 file into Experts, and any .mqh files into the Include folder the code expects.
4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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