SafeGold Scalper EA MT4 + Setfiles

SafeGold Scalper EA – XAUUSD Gold Scalping for MT4 and MT5

SafeGold Scalper EA is a XAUUSD-focused scalping and trend-following system for MT4 and MT5, developed by Abhimanyu Hans and listed on MQL5 Market. The only available performance data is a Strategy Tester backtest — no verified live account has been found. Buy with that clearly in mind.

• Vendor website: View here

Key Highlights

• ✅ Covers both MT4 and MT5 — separate versions on MQL5 Market
• ✅ Trades XAUUSD only; accepts broker gold suffix symbols
• ✅ Fixed stop loss and take profit on every trade — no open-ended exposure per the vendor
• ✅ Vendor states no grid or martingale — unverified developer claim
• ✅ Minimum deposit: $700 as documented on MQL5 Market

Performance Results

The only available data is a Strategy Tester backtest covering January 2023 to August 2024 on XAUUSD, using a $1,000 starting balance. The backtest recorded a net profit of $2,063.07, a profit factor of 2.01, and a recovery factor of 7.01 across 206 trades. The win rate was 44.66%, with average winning trades ($44.70) outpacing average losing trades ($17.51) — suggesting the edge comes from trade sizing asymmetry rather than win frequency.

Modeling quality was 68%. At that level, tick simulation is incomplete and reported figures can diverge meaningfully from live execution — particularly for a gold scalper where spread, slippage, and execution speed directly affect entry and exit quality. Treat the profit figure as directional context only.

Max equity drawdown reached 24.38% ($294.33 on a $1,000 balance), with up to 8 consecutive losing trades recorded. At 0.05 lot on $1,000, that sequence is manageable — but scaling lot size without proportionally increasing capital compresses that margin quickly. No live drawdown data exists to confirm how this EA behaves under current market conditions.

Use a broker with spreads consistently under 20 points on XAUUSD, keep lot size proportional to balance, and run a minimum 90-day demo on your specific broker before using real money.

Backtest results may differ substantially from live trading due to spread variation, slippage, and execution latency — particularly at 68% modeling quality.

How It Works

Strategy: Gold scalping and trend-following on XAUUSD. The EA identifies directional impulses in gold price and enters on momentum confirmation using multi-timeframe candlestick pattern analysis.

Entry: Impulse-based trigger with candlestick pattern confirmation across timeframes. A second-chance entry logic re-engages when an initial signal is missed. Exact indicator inputs are not publicly documented.

Exit: Fixed take profit set at 800 points with a fixed stop loss per trade. A loss-cut mechanism triggers at a 20% account loss threshold to limit session-level damage.

Risk Control: Fixed SL and TP on every trade — no floating exits. Vendor-stated 1:1.6 risk/reward ratio. Example lot size 0.05 on $1,000 capital. Max spread filter set to 100 points; slippage tolerance set to 30 in the example configuration.

✅ Best conditions: Low-spread ECN/STP broker on XAUUSD • Spreads consistently under 20 points on gold • VPS with stable low-latency connection • Account balance at or above $700 with conservative lot sizing.

⚠️ Caution: High-spread brokers or variable spread widening during news events • Exness (explicitly excluded by the vendor) • Lot sizes scaled beyond what your balance supports.

Technical Specifications

Who Should Use This EA

✅ Ideal for:

• Traders focused exclusively on XAUUSD who want a pre-configured scalping setup with fixed SL/TP on every trade
• MT4 or MT5 users with access to a low-spread gold broker and a VPS, starting with $700 or more
• Buyers comfortable running extended demo validation before committing live capital — this EA has no public live track record

✅ Best results when:

• Deployed on an ECN broker with consistent gold spreads under 20 points and a stable VPS connection
• Lot size is kept proportional to account balance, starting at 0.05 on $700–$1,000

Traders looking for more Forex EA options or specifically MT4-compatible EAs can browse the full catalogue.

Download Package Included

• ✅ Experts:
  • SafeGold-Scalper-EA-MT4.ex4 (MT4)
• ✅ Presets:
  • Pre-optimized settings

Product download link is sent immediately via email after purchase.

Frequently Asked Questions