PythonX M1 Scalper XAUUSD EA MT5

🐍 PythonX M1 Scalper XAUUSD EA for MT5 by PythonX Trading Technologies

⚠️ Free to Download — Use at Your Own Risk.
This EA is completely free on CheaperForex.com. While it’s not officially recommended or endorsed by us due to limited strategy control and questionable consistency, you’re welcome to experiment on a demo or low-risk cent account.

🧠 Introduction to PythonX M1 Scalper

PythonX M1 Scalper XAUUSD EA is a plug-and-play scalping robot designed to trade Gold (XAUUSD) on the M1 timeframe. It uses fixed stop loss and take profit levels combined with a basic bullish/bearish engulfing candle pattern as its core entry logic.

The EA includes optional filters such as RSI, CCI, EMA trend filtering, and volume spike logic—but all are turned off by default.

Its strategy is simplistic, fast, and aggressive—ideal for traders who enjoy tinkering with high-frequency systems.

🔑 Key Features

• ✅ Designed specifically for XAUUSD M1

• ✅ Uses Engulfing Pattern logic for entries

• ✅ Fixed SL (145 pips) and TP (170 pips)

• ✅ Optional filters: RSI, CCI, EMA, Volume (disabled by default)

• ✅ No Martingale or Grid

• ✅ Lightweight and easy to configure

• ✅ Autolot not available — fixed lot sizing only

📈 Proof of Results

Backtest Period: Jan 2024 – May 2025
Initial Deposit: $500
Net Profit: $9,303.80
Drawdown:

• Balance Drawdown Max: 18.89%

• Equity Drawdown Max: 20.26%
  Total Trades: 501
  Profit Factor: 1.40
  Win Rate: ~54.69%

🔍 Summary:
Backtest shows steady growth but moderate risk and inconsistent win rate. It’s not a premium-level performer, but it does show it can scale if you’re willing to tweak or optimize it further.

⚙️ Default Settings Snapshot

• Use Engulfing Pattern: true

• Use RSI / CCI / EMA / Volume: false

• Take Profit: 170 pips

• Stop Loss: 145 pips

• Lot Step Config: 0.50, 0.01

• 24-Hour Trading: disabled

⚠️ Why We Don’t Recommend It

While the EA is functional, it’s a basic template bot and not intended for serious capital deployment. We’ve seen:

• Limited real-world adaptability

• No capital protection logic

• No prop firm-safe features

• Fixed lots only — no risk-adjusted sizing

You’re free to try it and build from it—but it’s not one of our proven systems.

❓ Frequently Asked Questions

Does it use martingale or grid?

No. PythonX uses fixed lot size and a simple entry/exit method. No doubling or trade stacking.

Can I use it on prop firms?

We don’t recommend it. No daily drawdown protection or risk limitation.

Can I enable RSI or EMA filters?

Yes, you can turn them on in the settings. But they are off by default.

Will you update or support this EA?

No official support or updates are offered. This is a free and open-use EA.

🔚 Conclusion

PythonX M1 Scalper XAUUSD EA is a basic but functional scalper that works straight out of the box on Gold M1 charts. It won’t compete with top-tier EAs in stability or strategy depth, but it may suit tinkerers, testers, or anyone exploring fast-paced scalping techniques.

✅ Download it FREE at CheaperForex.com
🚫 Not officially supported or recommended
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