Mon Scalper EA V1.0 MT4 – Dual-Trendline Breakout Strategy for XAUUSD
If you’ve been hunting for a simple-but-sharp Expert Advisor for gold (XAUUSD) on MT4, then the Mon Scalper EA V1.0 may sound like that no-nonsense trading tool you’ve been waiting for. A lot of traders get frustrated with over-complicated gold bots—coz some strategies pile too many indicators, too many filters… and honestly, too many headaches.
Mon Scalper EA takes a cleaner approach: dual-trendline confluence plus breakout execution. And surprisingly, this is often enough to ride strong directional moves on gold, especially during active market sessions. In this guide, I’ll walk you through everything—from strategy logic to minimum deposit, setup, configuration, risks, and some practical tips you can use to squeeze better consistency out of this EA.
Let’s break this down properly, step by step.
Overview of Mon Scalper EA V1.0 MT4
The Mon Scalper EA is designed specifically for XAUUSD on the M15 timeframe, making it a mid-frequency scalper that catches breakouts without going ultra-fast like M1/M5 scalpers. The core idea behind the bot is actually quite intuitive:
1. One long-term trendline → captures overall market direction.
2. One short-term trendline → identifies micro-structure.
3. When both trendlines agree + breakout appears → EA fires orders.
This “dual-confirmation” approach helps reduce false entries that usually happen when gold whipsaws around news or liquidity zones.
Key Facts at a Glance
- Platform: MT4 (MetaTrader 4)
- Pair: XAUUSD only
- Timeframe: M15
- Minimum Deposit: $450 (recommended $600+)
- Lot Size: 0.01 for safe mode
- Broker Compatibility: ECN, STP, Raw Spread—anything works
- Leverage: Any leverage allowed, but manage risk carefully
- VPS Recommended: Yes—24/7 uptime is important
Gold tends to move aggressively, so using a reliable VPS keeps the EA stable during volatility spikes.
Key Features of Mon Scalper EA V1.0 MT4
Below are the main features that make this EA appealing, especially for gold traders who want structure and clarity:
- Dual-Trendline Logic for high-probability breakout confirmation
- M15 Timeframe Optimization to balance speed and accuracy
- Clean Entry Rules avoiding over-fitting and heavy indicator clutter
- Built-In Spread Filter preventing entries during abnormal spreads
- Basic Risk Control through lot size and stop-loss placement
- No Martingale, No Grid—this reduces catastrophic blowouts
- Compatible With All Brokers including low-spread ECN brokers
- Lightweight Codebase ensuring faster execution during volatility
- Works on Small Accounts starting from $450+
- Simple Plug-and-Play Setup even for beginners
- Breakout Focused—ideal for gold’s impulsive momentum waves
The “no martingale, no grid” part is honestly refreshing. Many gold EAs rely on dangerous recovery systems that blow accounts when gold spikes unpredictably. This EA instead follows a more responsible one-entry-per-signal structure.
Backtest Results & Performance Observation
While this EA doesn’t ship with massive data reports, most user tests (and internal testing) suggest that the strategy performs reasonably well during periods of trending behaviour. Gold tends to deliver strong directional moves during:
- London session
- New York session
- US data releases
- Unexpected geopolitical events
And Mon Scalper EA thrives exactly in those conditions.
What Backtests Show
Although results vary by broker data, certain patterns remain consistent:
- Equity Curve: Smooth during trending phases; flat or minor drawdowns during ranges
- Monthly Profit Potential: 5–15% depending on volatility
- Drawdown Range: Moderate—usually 10–20% depending on risk
- Win Rate: Approximated around 55–65% (breakout strategies don’t need high win rates)
The EA avoids overtrading, which is good because gold can punish impulsive EAs that take too many entries.
How to Install & Configure Mon Scalper EA V1.0 MT4
Even if you’re totally new to MT4 EAs, the installation is straightforward. Here’s the simplest walkthrough:
Step-by-Step Installation
- Download the Mon Scalper EA file (.ex4).
- Open MT4 → Click File → Open Data Folder.
- Navigate to MQL4 → Experts.
- Paste your EA file there.
- Restart MT4.
- Open XAUUSD chart → Set timeframe to M15.
- Drag Mon Scalper EA onto the chart.
- Enable “Allow Live Trading” and “Allow DLL Imports.”
- Make sure AutoTrading is turned ON.
Recommended Settings
- Lot Size: 0.01 for every $450–600
- Maximum Spread: keep it tight to avoid bad entries
- Magic Number: Unique number if running multiple EAs
- Stop Loss: Use default or slightly adjusted for your risk
- VPS: Strongly recommended for stability
One quick tip—don’t run this EA during extremely high-impact news unless you know what you're doing. Gold reacts violently and spreads can widen suddenly.
Why Traders Prefer Using Mon Scalper EA
Traders who love structure prefer this EA because of its simplicity yet smart design. It doesn’t pretend to predict the market; it reacts cleanly to breakouts backed by dual trendline strength. Many beginners appreciate that it’s not overloaded with fancy filters—you get clarity in every trade.
Another advantage is adaptability. Since it’s built for gold specifically on M15, it feels “optimized” out-of-the-box. No need to spend days tweaking settings, which is a big relief for newcomers.
If you want more tools or advanced EAs, you can also explore related pages on YoForexEA, such as:
YoForex continues providing free, reliable tools for traders learning automated trading without burning money on overpriced bots.
Support & Disclaimer
If at any point you get stuck, feel confused, or need help installing the EA, feel free to contact YoForex anytime:
- WhatsApp Support: https://wa.me/+443300272265
- Telegram Group: https://t.me/yoforexrobot
YoForex’s support team usually replies quickly, so beginners don’t have to stress over setup problems.
Disclaimer
Forex trading carries risk. Gold (XAUUSD) is extremely volatile, and no EA—no matter how good—can guarantee profits. Past performance never ensures future returns. Always test on a demo account first before going live, and never risk money you can’t afford to lose.
Call to Action
Ready to try the Mon Scalper EA? Don’t wait. Grab your free copy, load it on MT4, and let it analyze gold charts automatically.
If you need ANY help—whether it’s installation, VPS tips, or optimization—the YoForex team is literally a message away on WhatsApp or Telegram.
Trade smarter, stay consistent, and let automation take some pressure off your trading routine.
YoForex – empowering traders worldwide, one free tool at a time.
