Gold Trend Scalping V5.1 MT4

🔍 What it is: An Expert Advisor (EA) for MetaTrader 5 designed specifically to trade XAU/USD (Gold).

⚙️ Core logic: Uses a trend-following approach—it determines the main direction on higher timeframes with a SuperTrend filter, then places trades on smaller timeframes to catch entries aligned with that trend.

⏱️ Recommended charts: Optimized to run on M15 (also documented for M12).

🛡️ Risk controls built-in: Every position is protected by a fixed Stop Loss (100 pips) and the EA uses a trailing stop to lock in profits as price moves.

🚫 No risky methods: No martingale, no grid, no hedging, and no multiple simultaneous trades—the design emphasizes safety and long-term use.

📈 Position sizing & setup: Includes automatic lot sizing, ships with ready-to-use defaults suited to most brokers, and the author recommends a VPS for 24/7 operation.

🗓️ What’s new in V5.1: Adds a Friday safety filter—closes all pending orders on Friday.

📊 Transparency: The developer provides a live trading signal you can monitor to see real-time performance behavior.

⚠️ Author’s guidance: No claims of 100% win rate; backtests are optimized and past results don’t guarantee future performance. Loss periods are possible, and users should evaluate over 3–6 months.