This Breakout Scalper is a specialized automated trading tool designed specifically to handle the high volatility of the XAUUSD market. Unlike general-purpose trading robots that attempt to trade multiple currency pairs, this software focuses strictly on the unique price action characteristics of Gold.
By utilizing a specific dual-trendline approach, this Gold Scalper aims to identify momentum shifts while avoiding the high-risk money management systems often found in retail trading tools.
Strategy Overview: How the Breakout Scalper Works
The core logic of Breakout Scalper EA departs from standard lagging indicators (like RSI or MACD) and focuses on market structure.
- Dual-Trendline Analysis – The algorithm simultaneously monitors two distinct trendlines, a long term trendline to establish the macro direction and a short term trendline to gauge immediate volatility.
- Breakout Confirmation – Trades are not executed based on simple support or resistance touches. The EA waits for a specific “breakout alignment” where price action breaches the trend lines, confirming that momentum is strong enough to sustain a move.
- Risk Management – According to the developer specifications, this Gold Scalper does not utilize Grid or Martingale strategies. Every trade is entered with a defined Stop Loss to limit downside exposure.
Recommendations
- Minimum account balance of 100$.
- EA is specially made to work on XAUUSD. (Work on any currency pair)
- It works best on M15. (Work on any TimeFrame)
