EA Scalper XAUUSD is an automated trading research project for MetaTrader 5 focused on gold. It employs a multifaceted entry strategy using Smart Money Concepts like order blocks and liquidity sweeps, alongside moving average crossovers and Fibonacci zones. The EA includes a self-learning module designed to adapt to di
Trading robot · MT5
Draco Bot
Draco Bot is an automated trading system for MetaTrader 5, specifically designed for trading gold (XAUUSD).
GitHub stars1
Forks0
Last update1 year ago11 Jul 2025
LicenceNone stated
Overview
Draco Bot utilizes Smart Money Concepts to identify market entries and exits. The expert advisor includes integrated risk management tools, such as percentage-based lot sizing and a fixed risk-to-reward ratio. It executes trades with defined stop loss and take profit levels to manage account exposure. The repository includes two variations of the strategy, including a scalping version, although the documentation is minimal and primarily contained within the source code comments.
- Percentage-based risk management
- Fixed risk-reward ratio logic
- Automated lot size calculation
- Smart Money Concept logic for XAUUSD
- Configurable signal timeframe
Details
Author
Dracobot-1 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
SMC / ICT / price action, Scalping
Markets
Gold
Timeframes
M1-M5, M15-H1
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from DracoBot.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RiskPercent | double | 5.0 | Risk per trade in % |
Slippage | int | 3 | Max slippage |
MagicNumber | int | 777 | Unique ID for the bot |
RRRatio | double | 2.0 | Risk-Reward Ratio |
SignalTF | ENUM_TIMEFRAMES | PERIOD_H1 | Timeframe for signal |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Dracobot-1/Draco-Project-001 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.
- 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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