Gem Forex Scalper EA MT5 v1.8 Original Ver

What is Gem Forex Scalper EA MT5?

Gem Forex Scalper EA is a fast Expert Advisor (EA) built for high-frequency scalping on Gold (XAUUSD) using the ultra-quick M1 timeframe. Designed for traders chasing rapid, intraday gains, it opens multiple small-lot trades to capture tight market moves. With a focus on speed, precision, and low risk, it works best on low-spread ECN or RAW accounts—perfect for those wanting simple, plug-and-play gold scalping.

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

🔹 Fast Gold Scalping – Optimized for high-frequency trading on the M1 timeframe, capturing quick, frequent profits.
🔹 Low Lot, Low Risk – Starts with very small lot sizes, perfect for micro-trading, testing, and reducing initial exposure.
🔹 Trade Spacing Control – Uses the “Pip Between Trades” setting to keep a safe distance between orders, avoiding over-trading.
🔹 Smart Slippage Handling – Allows moderate price deviation for better execution in fast markets without sacrificing accuracy.

Gem Forex Scalper EA MT5 Review

With strong profit potential, quick payback, and controlled risk, Gem Forex Scalper EA is perfect for traders who love the scalping style. Highly effective on XAUUSD, it has proven capable of doubling accounts in a short time.

✅ Main trading pair: XAUUSD (gold), volume 0.01–0.02 lots.
✅ Strategy: Short-term scalping with very short holding time (a few minutes).
✅ High win rate: Most orders bring profits from 0.5 – 10 USD/order.
✅ No swap or commission fees: Maximize net profit.
✅ Main trading time: Focus from 13:00–18:00 and 06:00.

Gem Forex Scalper EA MT5 Setting

1. Parameters Overview

1. Initial lot size (0.01)

   • Defines the starting lot size for all trades.

   • Tip: Start with a small lot size for risk control, especially when testing.

2. Pips between trades (20)

   • Minimum distance in pips between new trades.

   • Helps prevent over-trading during volatile market conditions.

3. Magic number (5555)

   • A unique identifier for the EA’s trades.

   • Ensure this is different if running multiple EAs on the same account to avoid trade management conflicts.

4. Slippage in points (30)

   • Maximum price deviation allowed during trade execution.

   • Higher values can improve order filling speed in fast-moving markets but may increase entry price differences.

5. Enable debug logging (true)

   • When enabled, the EA will write detailed logs for troubleshooting and performance review.

   • Useful for testing and optimization.

2. Recommended Usage

• Timeframe: M1 (1-minute chart)

• Pair: XAUUSD (Gold)

• Account type: Low-spread ECN or RAW accounts for best performance.

• Trading hours: Works best during high volatility sessions (London & New York).

3. How to Set Up

1. Open your MT4 platform and attach the EA to an XAUUSD M1 chart.

2. In the Inputs tab, adjust parameters according to your risk preference.

3. Enable AutoTrading in MT4.

4. Monitor performance and adjust lot size or pip distance if needed.

4. Risk Management Tips

• Start with a demo account before going live.

• Use small lot sizes initially to understand EA behavior.

• Avoid running the EA during major news events unless specifically tested for it.

In the Downloads folder, there are:

✅ Experts: Gem Forex Scalper.ex5

>>> Reviewed by Micheal Elliot

Conclusion

Gem Forex Scalper EA MT5 is a fast, fully automated scalping tool built for XAUUSD (Gold) on the M1 timeframe. It’s perfect for traders who want quick, consistent intraday profits. With ultra-fast execution and low-risk trade settings, it keeps drawdowns small and makes the most of your capital.