Xauusd M1 Scalper specifically targets the Monday market opening by monitoring price action during the first few minutes of the session to establish a high-low range. The robot enters a buy or sell position when the price breaks out of this established range. Risk management is handled through percentage-based lot sizing, with stop losses placed at the opposite side of the range and take profit levels calculated using a range multiplier.
Read from XAUUSD_M1_Scalper.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
RiskPercent
double
1.0
Risk per trade in %
OpeningRangeMin
int
5
Opening range in minutes
TP_Multiplier
double
1.5
Take Profit as multiple of range
MagicNumber
long
123456
Magic number for orders
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone febrimunan/xauusd-m1-scalper-mql5 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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