This MetaTrader 5 expert advisor is a multi-timeframe scalping robot designed for the forex market. It utilizes a Currency Strength Meter (CSM) combined with a technical indicator suite including RSI, MACD, and ADX to identify entry signals across various periods from M1 to H4. The system incorporates comprehensive ris
Trading robot · MT5
Scalp Gold EA
Scalp Gold EA is a MetaTrader 5 robot primarily optimized for XAUUSD and major forex pairs.
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Last update4 months ago7 May 2026
LicenceNone stated
Overview
Scalp Gold EA employs a multi-tiered entry system that selects risk levels based on setup confluence and H4 trend alignment via moving averages. Entries are further filtered by ADX momentum and volatility checks. The EA manages risk with an equity guard, weekend gap protection, and a lot-sizing mechanism that scales down after consecutive losses. It also features a high-risk challenge mode for aggressive account growth. The provided README contains unrelated personal biographical information.
- Hierarchical entry levels with confluence-based risk allocation
- H4 trend alignment using EMA 50 and 200 filters
- Integrated equity guard and drawdown circuit breaker
- Automatic parameter adjustment for gold and forex symbols
- Consecutive loss risk scaler and weekend gap protection
Details
Author
wechuck on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Trend following, Scalping, Multi-strategy
Markets
Gold, Forex
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.
Input parameters
Read from SCALP GOLDEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpRiskLevel1 | double | 2.0 | Level 1: Daily HFT Scalping |
InpRiskLevel2 | double | 5.0 | Level 2: Sniper Trade (HTF Aligned) |
InpRiskLevel3 | double | 10.0 | Level 3: God-Tier Trade (Perfect Confluence) |
InpRiskLevel4 | double | 15.0 | Level 4: Elite Sniper (~95% win rate setup) |
InpHTF | ENUM_TIMEFRAMES | PERIOD_H4 | Higher Timeframe for 100% setup |
InpHTF_FastEMA | int | 50 | HTF Fast Trend |
InpHTF_SlowEMA | int | 200 | HTF Macro Trend |
InpStopLossPips | double | 80.0 | Increased SL for Gold Volatility (80 pips) |
InpTakeProfitPips | double | 550.0 | Extended TP for runners (550 pips) |
InpPartialTPPips | double | 40.0 | TP1: Close 50% here to lock profit |
InpPipMultiplier | double | 10.0 | Points per Pip (10 for Gold) |
InpBETriggerPips | double | 45.0 | Wait for 45 pips before moving to BE |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpBELockPips | double | 10.0 | Lock 10 pips (covers spread + small gain) |
InpTrailDistPips | double | 65.0 | Wider trail to let Gold breathe |
InpTrailStepPips | double | 20.0 | Larger steps to avoid micro-stops |
InpMaxTradesDay | int | 10 | Strict max 10 trades per day |
InpMagic | int | 7772028 | HFT Magic Number |
InpMaxSpread | int | 45 | More realistic for Gold (45 points) |
InpMaxSlippage | int | 30 | Realistic Slippage for Gold HFT |
InpUseVolFilter | bool | true | Dynamic Trend-Expansion Filter |
InpUseADXConfirmation | bool | true | Check ADX Slope (Increasing Momentum) |
InpHourStart | int | 1 | Start HFT |
InpHourEnd | int | 22 | Pause before Asian consolidation |
InpChallengeMode | bool | true | Enable $20→$40k Challenge Mode |
InpChallengeRisk | double | 30.0 | Risk per trade in Challenge (%) |
InpChallengeSL | double | 80.0 | Stop Loss in Challenge (pips) |
InpChallengeTP_Early | double | 500.0 | TP when balance < threshold (pips) |
InpChallengeTP_Late | double | 20.0 | TP when balance >= threshold (pips) |
InpChallengeThreshold | double | 300.0 | Balance threshold: switch from Early to Late TP ($) |
InpADXDelayMin | double | 18.0 | ADX < this: delay entry, not reject |
InpPendingExpireBars | int | 5 | Bars before a delayed signal expires |
InpLargeBodyMult | double | 2.0 | Body > N×ATR: wait for pullback before entry |
InpEnableReentry | bool | true | Allow one re-entry attempt after SL hit |
InpL23WeeklyCap | int | 3 | Max combined L2+L3 trades per week |
InpL23DailyCap | int | 1 | Max combined L2+L3 trades per day |
InpL3CooldownHours | int | 48 | Min hours between consecutive L3 trades |
InpL23LossCooldownH | int | 72 | Hours L2/L3 frozen after any L2/L3 loss |
InpSniperADXStrong | double | 28.0 | ADX must exceed this for any L2/L3 entry |
InpSniperADXSpikeBars | int | 5 | Look-back bars for fake-breakout ADX spike |
InpSniperADXSpikeMin | double | 16.0 | If ADX was below this N bars ago → suspect spike |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone wechuck/wechuck 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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