Fast M1 Gold Scalper EA MT4
Original price: $99,99
PLATFORM: MT4
TF: M1
PAIRS: GOLD (XAUUSD)
MIN DEPOSIT: $1000 ECN-0 SPREAD- LOW SPREAD ACCOUNT
HOURS: AROUND THE CLOCK
LEVERAGE: 1:500
IMPORTANT: YOU NEED A BROKER WITH REAL LOW SPREAD- 0 SPREAD (SCALPING) or ECN.
Fast M1 Gold Scalper EA is a highly efficient scalping tool designed specifically for trading XAUUSD (Gold) on the M1 timeframe. It requires a 0 Spread or ECN account with fast execution and a stable internet connection, or alternatively, the use of a VPS.
Unlike other EAs, Fast Gold Scalper EA cannot be backtested due to its unique decision-making process that considers both volatility and volume (through a cross-calculation of strength). This makes it impossible to reproduce the same results in a backtest, as broker commissions and other factors that impact trading cannot be accurately accounted for.
We deposited $1000 into the Roboforex ECN Account.
We activated a robot that began scalping at 17:44 PM.
After two hours, at 19:58 PM, the robot opened and closed its last trade, having already earned more than enough profit.
We decided to deactivate the robot.
The maximum and relative drawdown during the two hours was 3.60%.
The robot made a total of 77 trades, winning 60 and losing 17.
The EA generated a total profit of $240.47 in two hours.
We paid -$61.32 in commissions to the broker. We took into account these necessary fees for executing fast and precise trades in our professional Roboforex ECN account.
Deducting the commissions from the total, the NET PROFIT was…
$179.15
IN 2 HOURS
Now that we’ve seen how much it earns, let’s look at some technical issues:
The EA hides the broker’s SL and TP, as the EA doesn’t even know what the SL and TP are. It always opens a trade with a 2% risk per trade for lot calculation.
If the trade goes in our favor, the EA will trail the price and secure profits until the price turns against us by 5 pips (this is where the SL becomes the TP, close the trade in profits, and that’s why the robot doesn’t have a predefined TP 🙂
If the trade goes against us, the EA will wait for a reasonable amount of pips, calculated based on the volatility and the cross calculation explained earlier. Then, it will open another trade (always with a minimum of 75 pips, which is more than prudent for a M1 timeframe) and then average both trades, closing them in profit. That’s why there’s no way for the broker to know what our SL and TP are (they will appear as 0 in the terminal), as the EA decides at that precise moment, and we can’t modify them manually either.
Inputs parameters: Please DO NOT MODIFY!
There are no preset files since the EA works without modifications to its original configuration.
Our recommendation is to withdraw your profits on a daily basis and limit the EA’s trading time to a few hours.
Additionally, avoid running it during RED NEWS.