Gold Fish Scalp EA MT4 V1.13 with SetFiles – XAUUSD Gold Scalper

Full Item Description

Gold Fish Scalp EA V1.13 for MetaTrader 4

Automated XAUUSD Scalping with Dynamic Risk Management

Gold Fish Scalp EA MT4 V1.13 is an automated Expert Advisor developed specifically for short-term XAUUSD (Gold) trading on the M1 timeframe.

Rather than operating across dozens of Forex pairs, Gold Fish Scalp concentrates its trading logic on one highly active market:

XAUUSD / GOLD

The EA analyzes short-term Gold price movements and automatically handles trade entries, exits and position management according to its programmed trading rules.

High-Frequency M1 Gold Scalping

Gold Fish Scalp operates on the:

M1 – 1 Minute Timeframe

Its strategy is built around capturing relatively small short-term movements in Gold rather than holding positions for large long-term trends.

The automated process can be summarized as:

Market Analysis → Entry Detection → Automated Order → TP/SL Management → Trailing Stop → Exit

Because this is a short-term scalping strategy, broker execution, spreads, slippage and VPS latency can have a significant effect on results.

Built-In Stop Loss & Take Profit

Gold Fish Scalp uses predefined protective and target levels for its positions.

The documented default configuration shows:

Take Profit: 230 points
Stop Loss: 100 points
Trailing Stop: 30 points

The EA therefore doesn’t simply open positions and leave them without defined trade-management parameters.

Automatic Risk-Based Lot Calculation

One of the useful features of Gold Fish Scalp is its built-in percentage-based money management.

Instead of requiring a fixed lot size, the EA can calculate position size according to the selected risk percentage.

The documented configuration includes:

Risk Percent: 1.0%

as well as the possibility of using a:

Fixed Lot: 0.01

when percentage-based risk is disabled.

This gives traders two approaches:

AUTO RISK

Position sizing adjusts according to the configured percentage.

FIXED LOT

The trader manually determines the trading lot size.

Three Risk SetFiles Included

The available V1.13 package is supplied with three different risk configurations:

✓ GFS_Risk1%_SLTP_LowRisk.set

✓ GFS_Risk2%_SLTP_MediumRisk.set

✓ GFS_Risk5%_SLTP_HighRisk.set

This is a particularly good selling point for your listing because the customer doesn’t have to start configuring everything from zero.

They can select a configuration according to their preferred level of exposure.

1% → Lower Risk

2% → Medium Risk

5% → Higher Risk

Higher settings can significantly increase both potential gains and drawdown, so they should not be interpreted as recommendations.

Trailing Stop Trade Management

Gold Fish Scalp also incorporates a Trailing Stop system.

When market movement develops in the desired direction, the trailing mechanism can progressively adjust the protective level according to its programmed settings.

This provides another layer of automated position management alongside the initial Stop Loss and Take Profit.

Designed for XAUUSD Execution Conditions

Because the strategy targets relatively small M1 movements, execution quality becomes particularly important.

The product documentation recommends:

ECN/STP Broker

Low XAUUSD Spread

Fast Execution

Low-Latency VPS

Stable MT4 Connection

The source recommends spreads below 2 pips, leverage of at least 1:100, and states that a VPS is required for continuous operation.

Recommended Capital

The published specifications list:

Minimum Deposit: $50 – High Risk

but recommend approximately:

$500–$1,000

for more appropriate risk management.

I would not advertise $50 prominently on your product page. For Gold M1 scalping, that could encourage customers to use an inadequately funded account.

I’d present $500–$1,000 as the vendor-recommended range and mention $50 only as the stated minimum/high-risk configuration.

Backtest Information

The supplied product page publishes a historical MT4 backtest covering:

January 3, 2023 – November 29, 2024

with 50,942 trades, a reported 80.33% winning-trade rate, 3.41 Profit Factor and 25.51% maximum drawdown.

These figures are backtest results, not live-performance guarantees.

I deliberately wouldn’t put the source’s spectacular $50 → $9.5 million result into your normal sales copy. That is based on a simulation and could give customers a completely unrealistic expectation of live performance.

Key Features

• Gold Fish Scalp EA V1.13
• MetaTrader 4 Expert Advisor
• XAUUSD / Gold Only
• M1 Scalping Strategy
• Fully Automated Trading
• Automatic Entry & Exit
• Built-In Stop Loss
• Built-In Take Profit
• Trailing Stop Management
• Percentage-Based Risk Management
• Optional Fixed Lot Trading
• Multiple Risk Configurations
• 3 SetFiles Included
• Designed for ECN/STP Execution
• VPS Recommended/Required for Continuous Operation
• $500–$1,000 Vendor-Recommended Capital Range

Product Specifications

Specifications and default parameters are based on the current product documentation.

What’s Included?

✓ Gold Fish Scalp EA V1.13 MT4 (.ex4)
✓ Low Risk 1% SetFile
✓ Medium Risk 2% SetFile
✓ High Risk 5% SetFile

One discrepancy: the page you sent only explicitly lists the EA file and installation/configuration guide in its “Download Package,” while another current distributor explicitly lists the three SetFiles above. Since your actual product is named “with SetFiles,” I’d keep the three SetFiles in your description only if those files are indeed in the package you have.

Risk Disclaimer

Gold Fish Scalp EA uses an automated scalping strategy, but automated trading does not guarantee profitability. M1 Gold strategies can be particularly sensitive to spread, slippage, latency and sudden XAUUSD volatility.

Backtest results are hypothetical and can differ substantially from live trading. Demo testing under the intended broker conditions is recommended before using the EA with real capital.