Scalper XAUUSD EA is a fully automated trading robot crafted specifically for the XAUUSD (GOLD) pair. Given the unique profit potential and risk of trading gold, having the right tool, like this EA, can be essential for maximizing returns.
How Scalper XAUUSD EA Works
This EA employs multiple algorithms, automatically selecting the optimal strategy based on current market conditions. This adaptive approach helps optimize profit across various account sizes. It typically opens 2-6 trades per day and allows flexibility in trading style—either using a fixed lot or an automatic lot adjustment based on user-specified criteria. 
Using a proprietary indicator, Scalper XAUUSD EA can also employ a safe grid method to manage trades that enter negative territory, aiming to close at breakeven. This EA has been developed to yield between 50% and 80% monthly profit on the XAUUSD pair.
Long-Term Strategy and Risk Management
While high returns are possible, long-term use may lead to account blowouts. Periodically withdrawing profits can help reduce risk. After retrieving the initial investment, the strategy can shift to a break-even point, allowing the EA to operate with increased profitability.
Recommended Settings and Requirements
Minimum Account Balance: Recommended $5000 or equivalent in a cent account. Based on testing, it can work with a $100 balance if using a periodic withdrawal approach.
Primary Pair: XAUUSD (GOLD).
Optimal Time Frame: M5, although it can adapt to other time frames.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Broker Selection: A low-spread broker for gold is recommended.
