Tired of struggling with manual gold trades and unpredictable market swings? Enter Merlin Scalp EA V1.7 MT4, your new go-to gold scalping EA that’s all about maximum profit and minimal fuss. Built specifically for XAU/USD on MetaTrader 4, Merlin Scalp EA brings the power of automated scalping to your fingertips. No more staring at charts for hours… no more second-guessing entries. Just clean, precision-driven trades designed to capture tiny, consistent moves in the gold market. Whether you’re a seasoned trader or just dipping your toes into automated systems, Merlin Scalp EA keeps things simple yet potent.


Overview


At its core, Merlin Scalp EA is a no-nonsense MT4 expert advisor engineered to exploit short-term price action in the gold market. Version 1.7 packs in refined algorithms that adapt on the fly to volatility spikes, while maintaining strict risk controls. Under the hood, it combines trend detection with mean-reversion checks, so trades aren’t thrown at every wobble… only the most promising setups make the cut.


What sets Merlin Scalp EA apart? First, it’s tailor-made for XAU/USD, taking into account gold’s unique ticks and spreads. Second, the system’s auto-tune feature adjusts position sizing dynamically, balancing profit potential with drawdown limits. And finally, this EA is user-friendly: install in minutes, use default settings if you want, or tweak entry/exit filters for your personal style.



Key Features



  • 1–2% Daily Profit Target – Optimized for realistic, consistent returns, so you don’t blow up your account chasing unicorns.

  • Max Drawdown 5% – Built-in safety cap to preserve capital during choppy conditions.

  • No Martingale – Pure scalping logic, no doubling down on losses.

  • Auto-Lot Sizing – Adjusts trade size based on your risk settings and account balance.

  • Spread & Slippage Filter – Blocks trades when conditions aren’t ideal, reducing order rejections.

  • Session Timer – Customizable trading hours to avoid low-liquidity windows.

  • Break-Even & Trailing Stop – Locks in profits and lets winners run.

  • One-Click Stop Loss/Take Profit – Pre-set parameters for quick configuration.

  • VPS-Friendly – Works flawlessly on a low-latency server, tho you can run it locally if you prefer.

  • Detailed Trade Log – Record of each entry and exit for performance review.


Backtest Results & Proof


Merlin Scalp EA V1.7 underwent an extensive backtest on a 5-year XAU/USD dataset, using tick-by-tick simulation on MT4. The equity curve shows a smooth upward slope, generating an average annual return of 120% with a maximum drawdown of just 4.8%. Over 3,500 closed trades, the win rate hovered around 68%, with an average risk-reward ratio of 1:1.2.


In live-demo conditions, the EA maintained similar performance, proving that it’s not just curve-fitted to historical data. Real-account tests on IC Markets (raw spreads) delivered steady profits, even through unexpected gold rallies and geopolitical shocks.


How to Install & Configure



  1. Download the EA from our site:
    https://yoforexea.com/download-merlin-scalp-ea

  2. Copy MerlinScalpEA.ex4 into your MT4 Experts folder.

  3. Restart MetaTrader 4 so it recognizes the new EA.

  4. Attach the EA to an XAUUSD M1 chart.

  5. Open the “Inputs” tab and set your risk parameters (default is safe for most accounts).

  6. Enable AutoTrading and hit OK.


That’s it – you’re live! Feel free to tweak the MaxSpread, Slippage, and session timer to suit your broker and time zone.


Why Choose Merlin Scalp EA


You’ll find plenty of gold scalping EAs out there, but few match Merlin’s balance of simplicity and performance. Coz it’s built by traders, for traders: no hidden parameters, no secret sauce. Just open code, clear logic, and ongoing updates from the YoForex development team. Plus, it’s lightweight on your CPU, so you can run multiple pairs or EAs side by side without lag.


Support & Disclaimer


If you hit any bug or need a hand, ping us on WhatsApp or Telegram:



Remember, past performance is no guarantee of future results. Even the best gold scalping EA can face losing streaks. Always demo-test before going live, trade responsibly, and never risk more than you can afford to lose.


Call to Action


Ready to turbo-charge your gold trading? Grab your copy of Merlin Scalp EA V1.7 now and start scalping smarter, not harder. Download today, set it up in under five minutes, and watch those tiny moves add up.


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Happy Trading