by 
The Gold Reaper is a multi-strategy expert advisor for MetaTrader 4 and 5. It trades gold pairs using breakout and reversal entries based on fractals and ATR. Trades enter when spread and frequency conditions are met and exit via trailing stops or time-based rules. The EA includes NFP filters to pause during economic e
Trading robot · MT5
Gold Scalper Bot
This MetaTrader 5 expert advisor is designed for aggressive trading on XAUUSD, focusing on the 5-minute and 15-minute timeframes.
High risk
GitHub stars3
Forks1
Last update4 months ago24 Jun 2026
LicenceNone stated
Overview
Gold Scalper Bot utilizes Fibonacci retracements and swing high/low breakouts to identify entries across three selectable modes: scalp, swing, and trend following. The system manages up to three positions simultaneously using an auto-scaling logic with specific distances between entries. Risk management features include a daily loss limit percentage, automated position sizing based on account equity, mandatory stop losses, partial take profits, and an optional trailing stop.
- Three distinct trading modes
- Fibonacci breakout detection
- Daily loss limit protection
- Three-position auto-scaling system
- Interactive on-chart control panel
Details
Author
bigthreeatone on GitHub
Type
Trading robot
Platform
Strategy
Markets
Timeframes
M1-M5, M15-H1
Risk Profile
- Opens a grid of orders: exposure builds up in a trend
EA Files
Input Parameters
Read from GoldScalperBot_v2.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
TradingMode | TRADING_MODE | SCALP_MODE | |
LotSize | double | 0.01 | Base lot size per position |
RiskPercent | double | 1.0 | Risk % per trade (1-2% recommended) |
UseAutoSizing | bool | true | Auto position sizing based on risk |
DailyLossLimitPercent | double | 3.0 | Daily loss limit (3% = $300 on $10K) |
ScalpTakeProfit | int | 5 | TP in pips (2-5) |
ScalpStopLoss | int | 10 | SL in pips |
ScalpFibLevel | double | 0.618 | Fib retracement level |
SwingTakeProfit | int | 15 | TP in pips (10-20) |
SwingStopLoss | int | 25 | SL in pips |
SwingFibLevel | double | 0.50 | Fib retracement level |
TrendTakeProfit | int | 30 | TP in pips (20+) |
Show all 22 inputs
| Name | Type | Default | Description |
|---|---|---|---|
TrendStopLoss | int | 40 | SL in pips |
TrendCandles | int | 20 | Look back for trend |
ScalingDistance | int | 5 | Pips between entries |
PartialTP1 | int | 5 | Close 50% of Position 1 at X pips |
PartialTP2 | int | 10 | Close 50% of Position 2 at X pips |
UseTrailingStop | bool | true | Trailing stop on Position 3 |
TrailingStopPips | int | 10 | Trailing stop distance (pips) |
ShowControlPanel | bool | true | Display control panel on chart |
MagicNumber | int | 123456 | EA identifier |
EnableTrading | bool | true | Master on/off switch |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone bigthreeatone/gold-scalper-bot 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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