The IS Red Scalper EA expert advisor for Metatrader 4 is a profitable scalper robot especially designed to trade the Gold 1-minute chart.
However, you can test this trading robot on other time frames as well.
The robot scalps Gold for small profits multiple times a day using a proprietary trading strategy.
The IS Red Scalper EA for Gold trading made $3229.52 profit from an initial $100 deposit during the test phase.
This fully automated trading robot should work with any Forex broker of your preference.
As always, please use this EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Strategy Tester Report
Find below the IS Red Scalper EA track record for the Gold 1-minute chart (click on the picture for full size view).
- Largest profit trade: $5.65
- Largest loss trade: -$0.33
- Total net profit: $3229.52
- Average consecutive wins: 2.75
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Recommendations & Specifications
- Trading instruments: Gold (XAU/USD)
- Time frames: M1, other time frames should work too
- Minimum account balance: $250
- Demo account: Yes
- Real account: Yes
- Trading platform: Metatrader 4
The picture below shows the IS Red Scalper EA attached to the XAUUSD M1 chart.
Input Parameters & Settings
The following input parameter values can be modified by accessing the EA’s “Inputs” tab:
Risk, default lot, maximum spread, stop loss, take profit, volatility settings, volatility multiplier, volatility limit, maximum execution, trailing start
How to install and run the IS Red Scalper EA Robot?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the IS RED EA.ex4 file here
- Then close and restart the MT4 platform
- Attach the expert advisor to the chart
Now, you are ready to start using the IS Red Scalper EA!