RFP Gold Scalping EA MT4 + Setfiles

RFP Gold Scalping EA – MT4 XAUUSD Scalping Expert Advisor

RFP Gold Scalping EA is a MetaTrader 4 Expert Advisor built by RobotForexPro for short-term automated trading on XAUUSD (gold). A Myfxbook account linked from the developer’s official results page currently tracks a real trading account, showing a +326.24% gain against a 54.93% drawdown – a figure worth studying closely before sizing a live account. This package includes the EA file plus two setfiles for different risk configurations.

⚡ Key Highlights

• 📈 A public Myfxbook account linked from the developer’s results page shows a real BlackBull Markets MT4 account with a +326.24% gain across 208 trades.
• ⚠️ The same account reports a 54.93% drawdown, and Myfxbook community discussion describes drawdowns of 50-80% in some configurations.
• ⚙️ Trades XAUUSD only, using indicator-based entries; a supplied settings example runs on M5 and M15 charts.
• 🔄 A Step Size input and community reports point to grid-style position spacing rather than a single-entry system.
• 🖥️ Low-spread, ECN-style execution is recommended; a supplied configuration caps trading at a 240-point maximum spread.
• 📦 Package includes two setfiles – Auto SL/TP and Auto LowRisk – for different risk profiles.

📊 Performance Results

The strongest available performance evidence is the public Myfxbook account for RFP Gold V5 EA, linked directly from the developer’s official live-results page. It tracks a real BlackBull Markets MT4 account trading at 1:500 leverage. At its most recent update, it showed a +326.24% gain, $1,731.61 balance, $1,506.02 profit on $1,200 deposited, 208 trades, a 2.37 profit factor, and win rates of 64% on longs and 77% on shorts, with an average trade length of 2 hours 18 minutes.

A separate Myfxbook demo account, also linked from the developer’s page, documents an older RoboForex demo running the same EA. It shows a +532.90% gain, 17.88% drawdown, a $68,446.41 balance from a $10,225.01 deposit, across 2,006 trades with a 2.38 profit factor. This account is a demo, not real money, and its last recorded update predates the current live account, so treat it as historical demo evidence rather than current proof.

The 54.93% drawdown on the current real account is a material risk figure that exceeds what many traders can tolerate on a small account. Myfxbook community discussion around this EA describes it as grid-style and reports drawdowns of 50% to 80% during strong one-directional gold moves, when price runs beyond typical retracement levels. Because the supplied configuration trades a fixed 0.01 AutoLot regardless of account size, undercapitalized accounts absorb drawdown faster; community traders suggested allocating meaningfully more capital per 0.01 lot than the EA’s default assumes. Past performance does not guarantee future results.

⚙️ How It Works

Strategy: RFP Gold Scalping EA trades XAUUSD only, using short-term technical rules the developer does not publish in full. It is described as an automated scalping system with adjustable risk and take-profit settings.

Entry: A supplied settings screenshot shows indicator-based entries driven by two period inputs (Period1: 34, Period2: 3), consistent with a moving-average or oscillator-style filter. The exact entry formula is not documented by the developer.

Position / Grid Management: The same configuration includes a 100-pip Step Size input, and Myfxbook community discussion describes the system as grid-based. This suggests the EA can add or manage positions at fixed price intervals rather than trading one position at a time. No evidence confirms a lot-multiplying martingale mechanism.

Exit: In the supplied example, Take Profit is set to 100 pips and Stop Loss to 0.0 (disabled), while the developer’s official page separately lists stop-loss as an adjustable option. Exit behavior depends on which setfile and configuration is active.

Risk Control: The supplied configuration sets AutoLot at 0.01, a Maximum Percent Drawdown input of 100.0, and a Maximum Spread filter of 240 points. Two setfiles ship with this package – RFP_Gold_Auto_SL_TP.set and RFP_Gold_Auto_LowRisk.set – representing different risk presets.

Best Conditions: The developer recommends low-spread, ECN-style execution for gold trading. The 240-point spread filter in the supplied example shows how sensitive entries are to spread widening.

Caution: Grid-style position spacing can accumulate exposure during a sustained one-directional gold move. Community-reported drawdowns of 50-80% in some configurations reflect this risk and should factor into position sizing.

🧩 Technical Specifications

🎯 Who Should Use This EA

Ideal for:

• Traders comfortable running an automated XAUUSD scalper with double-digit percentage drawdown potential.
• Experienced MT4 users who can monitor open positions during volatile gold sessions.
• Traders with access to a low-spread or ECN broker for gold execution.

Best results when:

• Spread stays within the EA’s configured maximum during active trading hours.
• Account capital is sized well above the default 0.01-lot assumption, based on community risk feedback.

Not ideal for: traders who need fully documented entry logic before deployment, or accounts too small to absorb a drawdown in the 50%+ range without breaching risk limits.

📦 Download Package Included

Experts:

• RFP Gold Scalping EA.ex4

SetFiles:

• RFP_Gold_Auto_SL_TP.set
• RFP_Gold_Auto_LowRisk.set

Your download link will be sent to your email address automatically after purchase is confirmed.

❓ Frequently Asked Questions