What results can I expect with Mon Scalper MT4? +

Live tracking shows 464% growth over 43 weeks with 88.5% win rate on verified IC Markets account. Performance depends on broker spreads (ECN under 2.0 pips optimal), capital size ($500+ recommended), and settings (fixed 0.01 lot safer than percentage risk). Backtest results show 10-18% typical drawdown with conservative settings, extending to 28.7% during aggressive trending phases. Expect 2-4 week recovery periods during drawdown as trendline alignment improves. Gold volatility cycles and session timing (London/NY overlap strongest) significantly impact monthly returns.

What makes Mon Scalper different from other gold EAs? +

Mon Scalper uses dual-trendline confirmation requiring both long-period (6-bar) and short-period (3-bar) trendlines to align before entry, filtering 60-70% of potential signals. This explains the 88.5% win rate compared to single-indicator systems. The EA is gold-exclusive (XAUUSD only) with parameters optimized for M15 breakout patterns, not generic multi-pair logic. Avoids grid strategies and martingale completely—uses fixed lots or percentage-based risk with mandatory 1500-point stop loss on every trade. Optional support/resistance filter adds second confirmation layer.

Does Mon Scalper work on demo accounts? +

Yes, Mon Scalper functions identically on demo and live accounts—no detection or behavior changes. Demo testing mandatory 60+ days minimum to validate trendline breakout accuracy on your specific broker's execution model. Gold spreads vary significantly (1.5-3.5 pips typical), and slippage during breakouts directly impacts profitability. Test during major volatility events (NFP, FOMC) to observe worst-case drawdown behavior. If demo results deviate significantly from backtest metrics after 60 days, contact developer before live deployment—spread environment likely incompatible.

What capital do I need to run this EA safely? +

Minimum tested: $300 with fixed 0.01 lot sizing on 1:500 leverage. This provides basic margin coverage but limited drawdown tolerance during 10-18% typical DD periods. Recommended: $500-1,000 for safer operation—allows 0.01-0.02 lot range with comfortable margin buffer during 28.7% maximum drawdown scenarios. Below $300 risks margin calls during consecutive losses (5 max observed). If using percentage-based risk (3% default), minimum $1,000 capital required to prevent overleveraging during multi-position phases. Gold margin requirements are higher than forex pairs—undercapitalization forces premature stop-outs before recovery.

What are the main risks and how do I manage them? +

Primary risk is 19.40% equity drawdown occurring during extended trending phases when breakout signals increase consecutive position exposure over 2-4 weeks. Use $500+ capital minimum with fixed 0.01 lot sizing to absorb typical 10-18% DD without margin stress. Set stop loss to 1500 points (default) and avoid percentage-based risk above 3% unless capital exceeds $1,000. Enable the Friday close feature (hour 15 server time) to exit before weekend gaps. During major news events (NFP, FOMC), manually pause EA 30 minutes before release—breakouts during high volatility cause slippage beyond backtested ranges. Expect 2-4 week recovery as trendline alignment improves post-drawdown. Conservative fixed-lot approach reduces growth speed but prevents aggressive compounding losses.

Which brokers work best with this EA? +

ECN or RAW spread brokers with average gold spread under 2.0 pips essential for scalping profitability. Verified performance used IC Markets (1:500 leverage)—Pepperstone, FP Markets, and Tickmill also recommended for tight XAUUSD execution. Requires fast execution (under 50ms average)—breakout entries time-sensitive, slippage above 1.5 pips erodes edge. Avoid market maker brokers with fixed 3+ pip spreads or requote behavior during volatility. Test order execution quality during London/NY overlap (highest volume)—if consistent 2+ pip slippage occurs, broker incompatible regardless of advertised spreads. Minimum 1:500 leverage needed for $300-500 capital range.

Can I use Mon Scalper for prop firm challenges? +

Yes, the 28.7% maximum drawdown fits most prop firm rules (FTMO 10% daily/20% total, MFF 12% daily/25% total when using conservative settings). Use fixed 0.01 lot sizing (not percentage risk) during evaluation phases to prevent compounding losses. The 88.5% win rate helps maintain consistency targets, but disable trading during major news events to avoid volatility-based failures. Test strategy 60+ days on demo matching prop firm's server/spread conditions—execution differences cause significant variance. Enable Friday close feature if prop firm penalizes weekend gap exposure. Some firms restrict gold trading or impose tighter spreads—verify XAUUSD eligibility and spread conditions before challenge start.

What support do I get after purchase? +

You get direct support from our team through Telegram (t.me/besteaforex6868) and email ([email protected]). We typically respond within 2-4 hours during business hours (GMT+0). Our support covers: EA installation guidance, settings optimization for your broker, and troubleshooting technical issues. When contacting us, please include: your email, order ID, and screenshots of any error messages for faster resolution.