PythonX M1 Scalper XAUUSD MT5 v5.0 vs Sets (Original version)

What is PythonX M1 Scalper XAUUSD?

PythonX M1 Scalper XAUUSD is a fast, high-frequency trading Expert Advisor EA built for scalping Gold on the 1-minute chart. It uses price action and engulfing candle patterns to time entries, targeting quick moves in volatile sessions while keeping risk under control.

Version: New Version
The Right Platform: Meta Trader 5 (MT5)
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Key Features

🔹 Price Action Scalping – Uses engulfing candlestick patterns for precise entries, reacting instantly to market moves.
🔹 Gold Focused – Specially optimized for XAUUSD, leveraging its volatility and liquidity.
🔹 M1 Timeframe – Operates on the 1-minute chart for high-frequency trades and quick profits.
🔹 Risk Control – Fixed Take Profit and Stop Loss ensure a stable risk-reward balance.
🔹 Smart Trading Hours – Trades only during active sessions, avoiding low-liquidity, high-spread periods.

PythonX M1 Scalper XAUUSD Review

PythonX M1 Scalper XAUUSD is a high-frequency EA built for scalping gold on the 1-minute chart. Using price action and engulfing candlestick patterns, it delivers precise entries during volatile sessions. With fixed Stop Loss and Take Profit levels, it keeps risk controlled and trade management disciplined—perfect for short-term traders seeking steady results.

🔹Trading with a capital of $500, performance parameters achieved include:

✅ Initial Deposit: $500
✅ Total Net Profit: $9,300
✅ Drawdown (Max Balance): 18.89%
✅ Drawdown (Max Equity): 20.26%

🔹Trading with a capital of $1,000, performance parameters achieved include:

✅ Initial Deposit: $1,000
✅ Total Net Profit: $13,300
✅ Drawdown (Max Balance): 18.31%
✅ Drawdown (Max Equity): 19.64%

🔹Trading with a capital of $2,000, performance parameters achieved include:

✅ Initial Deposit: $2,000
✅ Total Net Profit: $34,600
✅ Drawdown (Max Balance): 14.77%
✅ Drawdown (Max Equity): 15.88%

🔹Trading with a capital of $10,000 (Prop Firm), performance parameters achieved include:

✅ Initial Deposit: $10,000
✅ Total Net Profit: $5,300
✅ Drawdown (Max Balance): 5.16%
✅ Drawdown (Max Equity): 5.54%

PythonX M1 Scalper XAUUSD Setting

1. Overview

PythonX M1 Scalper XAUUSD is a high-frequency Expert Advisor (EA) built for Gold (XAUUSD) trading on the M1 (1-minute) timeframe. It uses engulfing candlestick patterns combined with multiple optional filters to generate precise entries. With fixed Stop Loss and Take Profit levels, it provides disciplined trade management and consistent short-term trading performance.

2. Recommended Setup

• Symbol: XAUUSD (Gold)

• Timeframe: M1 (1-minute chart)

• Account Type: ECN / Raw Spread recommended

• Leverage: Minimum 1:500 for optimal performance

• Broker: Choose a broker with low spreads and fast execution

3. Input Parameters

Here’s what each setting means:

Entry Filters

• Use Engulfing Pattern (true/false):
  Enables engulfing candlestick detection (main entry signal).

• Use CCI Filter (true/false):
  Adds Commodity Channel Index filter for confirmation.

• Use EMA Trend Filter (true/false):
  Trades only in the direction of the EMA trend.

• Use RSI Confirmation (true/false):
  Adds RSI confirmation before entering trades.

• Use Volume Spike Filter (true/false):
  Confirms trades only when a volume spike is detected.

Indicator Settings

• Period for CCI: Default = 14

• Period for RSI: Default = 14

• Period for EMA: Default = 50

• Lookback Bars For Volume Comparison: Default = 20

Money Management

• Lot Step Configuration (Constant): Example = 0.50, 0.01
  (Sets initial lot size and increment step).

Trade Management

• Take Profit (Pips): Default = 170

• Stop Loss (Pips): Default = 145

• Enable 24-Hour Trading (true/false):
  If set to false, the EA will only trade during specific active sessions (recommended).

4. Usage Instructions

1. Open XAUUSD M1 chart in your MT4/MT5 platform.

2. Attach PythonX M1 Scalper EA to the chart.

3. Configure input parameters according to your preference (or use default for recommended settings).

4. Ensure AutoTrading is enabled.

5. Allow the EA to run—trades will be placed automatically.

5. Best Practices

• Use a VPS for low latency and uninterrupted trading.

• Avoid using very high lot sizes; follow money management rules.

• Backtest and forward test with demo before going live.

• Recommended trading hours: London & New York sessions (high volatility).

6. Risk Disclaimer

Trading Gold (XAUUSD) on a 1-minute chart is highly volatile. While this EA is optimized for scalping, no strategy guarantees profits. Use proper risk management and only trade capital you can afford to lose.

In the Downloads folder, there are:

1. Experts:

✅ PythonX M1 Scalper XAUUSD v5.0_fix.ex5

2. Presets:

✅ Prop_$10K.set
✅ Prop_$20K.set
✅ Prop_$25K.set
✅ Prop_$50K.set
✅ Prop_$100K.set
✅ Gold_$200_Medium Risk.set
✅ Gold_$500_Medium Risk.set
✅ Gold_$1000_Low Risk.set
✅ Gold_$1000_Medium Risk.set
✅ Gold_$1000_High Risk.set

>>> Reviewed by Micheal Elliot

Conclusion

PythonX M1 Scalper XAUUSD is a gold-focused Expert Advisor built for 1-minute scalping. Backtests show steady growth, controlled drawdown, and strong high-frequency performance over nearly 5 months.