Gold Trend Scalping MT4 v1.4

Gold Trend Scalping is the first EA I designed specifically for gold.

The EA uses a following trend trading strategy based on larger time frames.

It employs a super trend to detect the main trend of the larger time frame and then opens trades on smaller time frames.

The EA always uses a fixed stop loss for each trade, set at 100 pips.

It also incorporates a trailing stop to secure profits.

The EA does NOT use risky strategies such as martingale or grid.

Setup:

– Currency Pair: XAU

– Timeframe: M15

– Minimum Deposit: Any (depending on your broker’s requirements)

– Account Type: Any; Live signal is using Standard Account, spread = 5-15 (2 digits)

Characteristics:

– Trades on XAU.

– Does not use Grid, Hedge, or multiple open trades.

– Each trade is protected by a Stop Loss.

– Built-in automatic lot sizing function.

– Very easy to install; no need to change settings; default settings are suitable for most brokers.

– Use a VPS to keep the EA running 24/7 (highly recommended).