Quick Summary:
ThunderGold Scalper EA MT4 by Jorge Luiz Guimaraes De Araujo Dias brings his gold scalping system to MetaTrader 4, trading XAUUSD or GOLD on the M15 chart. A multi-factor engine weighs market structure, trend, candle quality, volume and momentum before committing to a trade, and holds off when those conditions do not qualify. Each position is bounded from the outset by an automatic stop loss and take profit with a dynamic trailing stop — no grid, no averaging. Around the strategy sits a full environmental layer: news blocking, holiday and closure protection, slippage adjustment, and a daily trade cap with cooldown. Supplied as a standalone file for MT4.
Official MQL5 Listing:
ThunderGold Scalper MT4 — MQL5 Marketplace
Developer’s Live Signal:
ThunderGold Scalper — MQL5 live signal (TMGM)

Why the MT4 Build
- Stay on the platform you already use — a dedicated MetaTrader 4 build, with no migration and no second terminal to maintain
- Gold specialist on M15 — written for XAUUSD and GOLD symbols rather than adapted from a forex system
- Bounded trades only — automatic stop loss and take profit on entry, plus a dynamic trailing stop as the trade develops
- No grid, no averaging — losing positions are cut, never added to
- Selective by construction — market structure, trend, candle quality, volume and momentum must all qualify before an order goes in
- News blocking — configurable windows either side of high-impact releases, with selectable currencies
- Holiday and closure protection — avoids thin, erratic sessions
- Slippage adjustment — matters on gold, where fill quality feeds straight into a scalper’s edge
- Daily trade cap and cooldown — curbs overtrading after an active stretch
- Modest entry requirements — $100 minimum recommended deposit, 0.01 starting lot
Live Signal Snapshot

- Broker and leverage: TMGM at 1:500, around 11 weeks tracked
- Verifiable record: $100 opening balance to roughly $191.90 — about $91.90 profit, with nothing deposited or withdrawn
- Profit trades: 76.8%, against a realistic 23.2% losing
- Max drawdown: 12.2%
- Traded on: XAUUSD, M15
Nothing here needs unpicking — no capital was added or taken out, so the figure reflects trading alone. What it does not show is scale or endurance: this is a $100 balance over eleven weeks. It demonstrates the system works; it does not yet demonstrate how it copes at size or over a longer stretch of gold conditions.
Backtest Overview

Run on real tick data across 167 trades, the test returns a profit factor of 6.80 and an 87.43% win rate. The figures worth attention are the drawdowns: around 6% relative on both balance and equity. Those are the deepest-percentage readings rather than a flattering headline, and they are genuinely low. Gross profit against gross loss also implies wins and losses of broadly similar size, so the win rate is not being propped up by holding oversized losers. Read the compounded total as aggressive rather than expected, and note the window covers roughly seven months.
Information Panel

Requirements
- Platform: MetaTrader 4 (standalone file installation)
- Symbol: XAUUSD or GOLD
- Chart: M15
- Account: Raw Spread or Raw ECN strongly advised
- Tested brokers: TMGM, Vantage, VT Markets — select the Exness broker type if trading with Exness
- Minimum recommended deposit: $100
- Starting volume: 0.01 lot
- Risk: 0.5%–1% recommended, 2% stated as the ceiling
- Hosting: A VPS close to your broker’s trading server
What You Receive
- ThunderGold Scalper EA for MetaTrader 4, supplied as a standalone file
- New releases from the developer passed on as soon as practically possible
- Developer’s recommended settings, where supplied
Risk Note
The stop is deliberately short, and the developer states outright that consecutive stop losses will occur in poor conditions — that is the design working, not breaking, and lot size must never be raised to win losses back. Execution quality matters heavily here: spread and fill speed feed directly into a scalper’s results. The public record is honest but small, a $100 balance over eleven weeks. Begin on demo at 0.01 lot. Full risk analysis in our review →
Full Editorial Review (MT4 + MT5)
📖 Read our complete ThunderGold Scalper review →
One review covering both builds: what a short stop does to your equity curve, why this backtest survives scrutiny that others fail, the live account weighed honestly, how the MT4 and MT5 editions differ, and how it compares to TwisterPro Scalper.