Gem Forex Scalper EA MT5 V1.8 with Setfiles

Gem Forex Scalper EA MT5 Introduction

The Gem Forex Scalper EA MT5 specializes in high-frequency gold (XAUUSD) scalping on the M1 timeframe, delivering ultra-fast trade execution with conservative risk management through minimal lot sizes. Live trading results demonstrate consistent profitability with accounts showing $129.55 profit on $500 deposit and $1,448.19 profit on $1,000 deposit over short trading periods.

Key Findings

• Trading Strategy: High-frequency scalping system targeting rapid price movements on 1-minute charts with distance-based entry filtering to prevent over-trading and maintain disciplined execution

• Core Algorithm: Ultra-fast logic optimized for tight market opportunities using trade spacing mechanism (20 pips between trades) to control frequency and minimize risk exposure

• Specialized Focus: Primarily designed for XAUUSD (Gold) trading with additional support for low-spread pairs like EURUSD and GBPUSD on MT5 platform

• Risk Management Features: Conservative approach using 0.01-0.02 lot sizes, built-in slippage control, and trade distance management to prevent excessive position opening

• Live Performance Data: Multiple accounts showing positive results – $500 account gained $129.55 (25.9% return), $1,000 account gained $1,448.19 (144.8% return), though maximum drawdown and win rate data not provided

• Manual Oversight Required: Requires active trader intervention during high-impact news events (CPI, NFP, FOMC) as EA lacks automated news filtering capabilities

• Broker Dependency Risk: Performance heavily dependent on low-spread ECN accounts and fast execution speeds; high-spread brokers may render strategy unprofitable

Gem Forex Scalper EA MT5 Recommended Setup

• Trading Platform: MetaTrader 5 (MT5) exclusively

• Pairs: Primarily XAUUSD (Gold), also EURUSD, GBPUSD – other pairs may face higher spread costs affecting scalping profitability

• Supported Accounts: ECN/RAW spread accounts essential – standard accounts with wider spreads will significantly impact performance

• Timeframe: M1 (1-minute charts) only – strategy specifically optimized for this ultra-short timeframe

• Trading Time: 24/5 market hours with manual shutdown required during major news releases

• Leverage: Moderate leverage recommended – higher leverage amplifies both potential profits and potential losses, especially critical for scalping strategies

• Minimum Deposit: $500 minimum, though $1,000+ advisable for better risk management given the high-frequency nature and potential drawdown periods

Quick-Start Parameter Guide

Risk Management
• Initial lot size (0.01): Controls position size per trade – keep minimal to limit per-trade risk exposure
• Pips between trades (20): Prevents over-trading by maintaining minimum distance between new positions

Trade Execution
• Magic number (5555): Unique identifier for EA trades – change if running multiple EAs
• Slippage in points (30): Maximum acceptable price deviation during order execution

System Management
• Enable debug logging (true): Provides detailed trade information for monitoring and troubleshooting

Critical Warning: No configurable Stop Loss or Take Profit parameters visible – EA relies on internal exit logic that users cannot directly control or customize

Review of Gem Forex Scalper EA MT5

This Gold-focused scalping EA delivers impressive short-term results but requires active management and optimal broker conditions. Best suited for engaged traders comfortable with high-frequency strategies and manual news filtering. Strong profit potential offset by broker dependency and lack of transparent exit controls.

Live Trading Results:
• Account 1: $500 → $629.55 (25.9% gain) with zero swap/commission costs
• Account 2: $1,000 → $2,248.19 (124.8% gain) after $200 withdrawal

• Account 3: $5,000 → $6,022.74 (20.5% gain) but showed $15.28 swap charges contradicting “no fees” claim

Is Gem Forex Scalper EA MT5 the Right Choice For You?

• Specialized Gold Trading: Offers focused expertise in XAUUSD scalping with proven live results, but limits diversification and requires understanding of gold market volatility patterns

• Conservative Risk Per Trade: Uses minimal lot sizes (0.01-0.02) reducing individual trade risk, though lack of visible SL/TP controls means users cannot set custom risk-reward ratios

• Active Management Required: Eliminates emotional trading decisions through automation, but demands manual oversight during news events making it unsuitable for passive traders

• Broker-Dependent Performance: Shows strong results with proper ECN setup and low spreads, but performance may deteriorate significantly with suboptimal broker conditions

• High-Frequency Strategy: Generates multiple daily opportunities for profit accumulation, though success heavily depends on execution speed and spread costs that vary by broker

Final Verdict

Strong specialized tool for active traders seeking automated gold scalping with proven short-term results. Requires optimal broker setup and manual news management. Ideal for engaged intermediate traders; unsuitable for passive automation seekers.

Gem Forex Scalper EA MT5 Download Contents:

• Link download experts:
  • Gem Forex Scalper EA MT5.ex4