This Scalping EA is developed specifically for Gold trading! It utilizes an EMA Crossover strategy (EMA Fast: 5, EMA Slow: 25) as its main trend indicator, enhanced with Doji Pattern analysis for even greater entry precision. The EA looks for Dojis with long wicks that confirm a trend's reversal or continuation.
Its standout features include a "For Train Mode" for continuous profit-running with a 10-pip Trailing Stop, and a robust "Reverse Train Mode" for trade recovery. This enhanced recovery system waits for a candlestick reversal signal before opening a recovery trade, all while systematically increasing the lot size.
A 5-year, 9-month backtest on EU/USD (5M timeframe) showed a profit of over 300%, but with a Max Drawdown of 65.4%. The creator recommends increasing the initial capital or adjusting parameters to mitigate risk.