Our Customer Reviews
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Buy the latest version through CheaperForex, installed the proper way through the MQL5 marketplace. Identical to buying direct, just at a reseller price.
Ghost Scalper MT5 EA
It trades both directions automatically with pending order management and integrated Virtual Trailing, sizing positions by fixed lot or percentage risk. The developer runs four public live signals across four different brokers, which is more real-money transparency than most releases offer.
- ✅ Four independent strategies with separate risk settings — Ghost A, B, C and D each carry their own logic and management, and each can be switched off individually rather than being locked into one bundled behaviour
- ✅ Four public live signals, four different brokers — Vantage, Ultima Markets, TMGM and VT Markets, letting you compare how the same system performs across different execution conditions rather than judging it on one cherry-picked account
- ✅ A listing that does not oversell — no escalating-price countdown, no scarcity claims, no bonus gating, and an explicit statement from the developer that results vary with broker conditions, spread, slippage and execution
A four-strategy XAUUSD system with unusually broad live-signal transparency. Read our editorial review, which is direct about the backtest window and what the live drawdowns actually show, before deciding.
Original price was: $399.00.$229.95Current price is: $229.95.
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Quick Summary:
Ghost Scalper MT5 by Thomas Christoph Lipka is a fully automated XAUUSD (Gold) Expert Advisor built on four independent strategies — Ghost A, Ghost B, Ghost C and Ghost D. Each carries its own logic, its own trade management and its own risk settings, and each can be switched on or off separately. It trades both directions automatically with pending order management and integrated Virtual Trailing, sizing by fixed lot or percentage risk. Four public live signals run across four different brokers.
Official MQL5 Listing:
Ghost Scalper MT5 — MQL5 Marketplace
Developer’s Live Signals:
Vantage · Ultima Markets · TMGM · VT Markets
Why Ghost Scalper MT5
- Four independent strategies in one EA — Ghost A, B, C and D, each with its own trading logic and management
- Separate risk settings per strategy — configure each one individually rather than applying a single blanket setting
- Every strategy can be disabled — narrow the EA to the components you want without abandoning the rest
- Automatic both-direction trading with automatic pending order management
- Integrated Virtual Trailing — trade management handled internally rather than exposed to the broker
- Fixed lot or percentage-based risk sizing
- Four public live signals on four brokers — Vantage, Ultima Markets, TMGM and VT Markets
- Dashboard modes — BIG, SMALL or OFF, so it can be run lean on a VPS
- No hype in the listing — no escalating-price countdown, no scarcity claims, and an explicit note from the developer that results vary with broker conditions
Backtest Overview
- Period: 1 January to 19 August 2026, XAUUSD H1, 100% real ticks
- Profit factor 4.39 across 824 trades at a 78.64% win rate
- Tested max drawdown 2.19% — well below the 16–30% the live accounts show, so plan around the live figures
The monthly spread is consistent rather than carried by one lucky stretch. But the window is a single year, and our review covers what a buyer found when he tested 2024 and 2025 himself.
Four Live Signals, Four Brokers
- Four public signals across Vantage, Ultima Markets, TMGM and VT Markets — real money on four different brokers
- Live win rates 72–76%, sitting sensibly below the backtest’s 78.64%
- Live max drawdowns 16–30% and deposit loads of 26–35%, reflecting up to four strategies holding positions at once
- Accounts hold 100–200 EUR and are weeks old, so they show the logic works rather than how it scales
Running four signals on four brokers is real transparency and lets you compare execution conditions directly. Our review reads all of them individually, including one whose headline growth is affected by a mid-period deposit.
Setup at a Glance
- Platform: MetaTrader 5, algo trading enabled
- Symbol: XAUUSD / Gold
- Recommended chart: H1
- Strategies: Ghost A, B, C and D — individually enabled and individually risk-configured
- Sizing: Fixed lot or percentage-based risk
- Trade management: Integrated Virtual Trailing and automatic pending order management
- Dashboard: BIG, SMALL or OFF — reduce or disable it on a VPS
- VPS: Strongly recommended for prompt pending-order execution
What You Receive
- Ghost Scalper MT5 — Latest Version
- Free updates as the developer releases them
- Developer’s recommended settings, where supplied
Risk Note
The backtest covers only January to August 2026, and a buyer who tested 2024 and 2025 reported the results were not conclusive. Its 2.19% tested drawdown sits far below the 16% to 30% on the developer’s own live accounts — plan around the live figures. Those accounts hold 100 to 200 EUR and are weeks old. Run your own multi-year test first. Full risk analysis in our review →
Full Editorial Review
📖 Read our complete Ghost Scalper MT5 review →
A full editorial breakdown: what a single-year backtest can and cannot tell you, the gap between tested and live drawdown explained, all four signals read honestly, what the four-strategy architecture means for your exposure, and our verdict.
FAQs
What is Ghost Scalper MT5?
A fully automated XAUUSD (Gold) Expert Advisor for MetaTrader 5 by Thomas Christoph Lipka, combining four independent trading strategies called Ghost A, Ghost B, Ghost C and Ghost D. Each has its own trading logic, its own trade management and its own individual risk settings, and each can be enabled or disabled separately. The recommended chart is H1.
What do the four strategies actually give me?
Control and diversification within a single EA. Because each strategy runs its own logic and carries its own risk setting, you are not committed to all four behaving the same way — if one performs poorly in a given market you can disable it without abandoning the others. It also means up to four positions can be open at once, so size your account for the combined exposure rather than for a single trade.
How far back does the backtest go?
Not far, and this is the most important thing to understand before buying. The published backtest covers January to August 2026 — roughly seven and a half months, all within a single year. That window does not span multiple gold market regimes. One buyer who tested it over 2024 and 2025 reported the results were not conclusive for those years, which is worth weighing carefully. Our full review covers what that implies.
What drawdown should I actually expect?
More than the backtest suggests. The published test shows a maximum drawdown of around 2.2%, but the developer’s own live signals show maximum drawdowns between roughly 16% and 30%. Plan around the live figures, not the tested one — and note that maximum deposit loads on those accounts run between 26% and 35%, reflecting several strategies holding positions simultaneously.
Are the live signals real money?
Yes, four of them across four different brokers, and that breadth is genuinely useful for judging how execution conditions affect results. Read them carefully though: the accounts are small, starting at 100 to 200 EUR, and only two to three weeks old at the time of writing. One of them also received a mid-period deposit, which inflates its headline growth figure relative to the capital actually deployed.
What are the setup requirements?
MetaTrader 5 with XAUUSD or your broker’s Gold symbol, on an H1 chart, with algo trading enabled. Position sizing can be fixed lot or percentage-based risk, set separately for each of the four strategies. If you run it on a VPS, the dashboard can be switched to a smaller mode or disabled entirely to reduce graphical load on the terminal.
Do I need a VPS?
Yes. This is a pending-order system on gold, and pending orders need to trigger promptly at the moment structure gives way. A terminal that is offline or on a slow connection will miss or badly fill entries. Use a low-latency VPS near your broker’s server, and switch the dashboard to its reduced mode there.
Why buy from CheaperForex instead of the MQL5 marketplace?
The product is identical — the same EA and the same future updates from the developer. You pay less. Given the backtest covers a single year and the live accounts are small and young, you will want to demo this and validate on your own broker before committing real capital, and paying less makes that evaluation cheaper.
Peter Jones
Frequently Asked Questions
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