ORACLE GOLD SCALPER MT4

Oracle Gold Scalper MT4 — professional scalper built specifically for gold trading (XAUUSD).

🎯 Key Features

• Strategy: High-frequency scalping on gold volatility
• Timeframes: M1, M5 (only)
• Instrument: XAUUSD (Gold)
• Minimum Deposit: $1000
• Risk: High (aggressive trading)

✨ Highlights

✅ Gold specialization — optimized for XAUUSD
✅ Fast trades — average trade duration 15–30 minutes
✅ Smart trailing stop — automatic profit locking
✅ Spread filter — protects against trading during wide spreads

📊 Recommended Settings

• Lot Size: 0.01 (per $1000)
• Max Spread: 25 points (for gold)
• Trading Hours: London + New York sessions
• Max Trades: 3 simultaneously

⚠️ Important

• Requires low spread (up to 20 points)
• A VPS is recommended for stable 24/7 operation
• Do not trade during USD news releases

📖 Resources

• Install an EA in 5 Minutes
• Parameter Optimization
• How to Backtest Scalpers

Free download for MT4. Backtest on historical data before running on a live account.

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❓ Frequently Asked Questions (FAQ)

How do I install Oracle Gold Scalper in MT4?

Installation is straightforward:

1. Download the EA file (.ex4 extension)
2. Open MT4 → File → Open Data Folder
3. Navigate to MQL4 → Experts
4. Copy the EA file there
5. Restart MT4
6. Drag the EA onto the XAUUSD M5 chart

Step-by-step guide with screenshots

What settings should I use for Oracle Gold Scalper?

Optimal settings for gold scalping:

• Lot Size: 0.01 per $1000 (conservative)
• Max Spread: 25 points (for gold)
• Trading Hours: 10:00–22:00 GMT (active sessions)
• Max Trades: 3 simultaneously
• Trailing Stop: Enabled

Detailed parameter setup

Which timeframe does Oracle Gold Scalper use?

M1 or M5 only. This is a scalper — built for short-term trading.

⚠️ Do not use on H1, H4 or D1 — the EA will not work correctly!

What is the minimum deposit for Oracle Gold Scalper?

Minimum: $1000
Recommended: $2000+

Gold scalping requires a capital buffer given the instrument's volatility.

Do I need a VPS for Oracle Gold Scalper?

Yes, a VPS is strongly recommended!

Reasons:
✅ Scalping requires a stable 24/7 connection
✅ Any latency = missed signals
✅ The EA must run continuously during active trading sessions

Without a VPS you could miss out on up to 30–40% of potential profits.

What spread does Oracle Gold Scalper need?

Maximum spread: 20–25 points

Above 30 points, scalping becomes unprofitable. Choose brokers with:

• ECN accounts
• Low spread on gold (from 15 points)
• Fast order execution

Is Oracle Gold Scalper safe?

Oracle Gold Scalper carries a high level of risk due to:

• Frequent trades (up to 20–30 per day)
• Scalping (tight stop losses = possible losing streaks)
• Gold trading (high volatility)

You must:
⚠️ Test on a demo account for at least 1 month
⚠️ Avoid trading during news releases
⚠️ Use the recommended deposit ($2000+)

Safe trading practices

Is Oracle Gold Scalper suitable for beginners?

No — not recommended for beginners.

This EA is for experienced traders who:

• Understand scalping
• Know the specifics of trading gold
• Can manage risk effectively
• Are comfortable with high balance volatility

Beginners may want to start with Black Diamond EA — a more conservative option.

How do I backtest Oracle Gold Scalper?

Backtesting a scalper has specific requirements:

1. Open Strategy Tester → select Oracle Gold Scalper
2. Required: set modelling to "Every Tick" (not "Open Prices Only"!)
3. Period: at least 3 months
4. Symbol: XAUUSD
5. Timeframe: M5
6. Spread: set to a realistic value (20–25 points)

Full guide to backtesting scalpers

Important: After backtesting, always run a forward test on a demo account for at least 2 weeks!