Gold Fish Scalp EA MT4

Gold Fish Scalp EA for MT4

Gold Fish Scalp EA is a focused breakout scalper for XAUUSD on the M1–M5 timeframes. It processes market data in real time to deliver clean entry/exit signals, runs single-order by default (Max Orders = 1), and protects every trade with Stop Loss / Take Profit plus trailing. No grid. No martingale. Minimal setup.

🔑 Key Features

• Breakout Logic — combines several proven breakout patterns and custom filters to avoid weak moves.
• Single-Order Execution — by default the EA opens one trade at a time for clean risk control.
• Risk by Percent — optional auto-lot sizing via Percent_Risk with On/Off Use Risk Percent = true.
• SL/TP + Trailing — fixed SL/TP with a trailing module to reduce give-back on winners.
• Low Overhead — lightweight code and clear inputs; suited to 24/5 VPS operation.
• Broker-Agnostic — any account type; ECN/Raw spread recommended.

🧩 How It Works

1. Scan: reads short-term structure on M1–M5 to locate emerging breakouts.
2. Confirm: passes signals through proprietary filters to cut false triggers in chop.
3. Execute: places a market order with SL/TP; trailing can engage as price moves.
4. Manage: trailing trims risk; the trade exits at TP, SL, or via the trailing stop.

⚙️ Inputs for Gold Fish Scalp

• Take Profit: 230 (points)
• Stop Loss: 100 (points)
• Trailing Stop: 30 (points)
• Max Orders: 1 (single-order mode)
• Step add order if > 1: 80 (only relevant if you increase Max Orders)
• Use Risk Percent: true with Percent_Risk (%) = 1.0
• Fix lots if Risk = 0: 0.01 (fallback fixed lot)
• Reverse Trend: 0 (disabled)
• Order Comment: GOLD_FISH

📈 Backtest: XAUUSD (M1, 2023 → 2024)

Model: Every tick. Initial deposit: $50. Leverage: broker default.

• Profit Factor: 3.41
• Win Rate (profit trades): ~80.33%
• Total Trades: 50,942
• Relative Drawdown: ~19.9%

Note: Backtests reflect an optimized parameter set; live results vary with broker spreads, slippage, and latency.

📺 On-Chart View (Live Layout)

The screenshot shows a typical Gold Fish setup on XAUUSD M5: clear SL/TP levels, single active position, and a minimal overlay so the price action remains readable.

🧭 What to Know Before Using

• Past ≠ future: backtests are illustrative; always forward-test on your broker.
• Execution matters: spreads and fills on gold can be volatile; ECN/Raw is best.
• Risk sizing: if you enable auto-lot, start with a small Percent_Risk and adjust only after a full month of live data.

❓ Frequently Asked Questions

What is the minimum deposit required?

From $50 (or equivalent). Use small lots while you validate.

Does it use martingale or grid?

No. It runs single-order by default and does not use step-up multipliers.

Which pairs and timeframes?

XAUUSD on M1–M5.

Is it beginner-friendly?

Yes. Defaults are sensible; the inputs screen is compact and clear.

Do I need a VPS?

Recommended for 24/5 uptime and consistent trailing behaviour.

⭐ Trader Reviews

Leon B. — “Exactly what I wanted for gold: one trade at a time, tight SL/TP, and a trailing stop that actually protects profits.”

Hanna C. — “Setup took minutes. I left Max Orders at 1 and 1% risk — smooth equity with no nasty surprises.”

Omar Z. — “Backtest looked strong, but the real win is how lightweight it is on VPS. Runs all week without a hiccup.”

Viktor P. — “It avoids the grid/marti nonsense. Clean breakout logic, clear exits — I can audit every trade.”

Claudia S. — “On ECN gold, fills are decent and the trailing stop trims drawdown fast. Solid scalper for M1–M5.”

⚙️ Deployment Guidelines

• 🕒 Timeframes: M1–M5
• 💵 Capital: from $50; size lots conservatively
• 📉 Broker: ECN/Raw spread recommended
• 📶 VPS: Recommended for 24/5
• 🛡️ Risk: Single-order; SL/TP + trailing; auto-lot by risk% optional

📦 What You Get

• ✔️ Gold Fish Scalp EA for MT4
• ✔️ Default set for XAUUSD M1–M5
• ✔️ Quick-start guide (inputs explained)
• ✔️ Email support + updates

Conclusion

Gold Fish Scalp EA focuses on what matters for gold scalping: clean breakouts, single-order risk, SL/TP and trailing. Keep risk small, validate on your broker, and let the bot handle the routine while you manage the plan.