Mon Scalper EA V1.0 MT4

Mon Scalper EA V1.0 MT4 – Complete Guide for Gold Scalping on M15

Scalping the gold market requires precision, speed, and consistency. Many traders struggle to identify the right entries during fast-moving gold trends, especially when market volatility increases around news events. Mon Scalper EA V1.0 MT4 is designed specifically to address this challenge by combining trendline breakouts, micro-scalping logic, and automated risk control.
Built for XAUUSD on the M15 timeframe, this EA offers a structured way to capture frequent intraday moves without constant manual monitoring.

This guide explains everything you need to know about the EA, including its strategy, working principles, features, recommended settings, and real-world advantages for gold traders.

What Is Mon Scalper EA V1.0 MT4?

Mon Scalper EA V1.0 MT4 is an automated trading system developed exclusively for MetaTrader 4 users who specialize in gold trading. The EA focuses on short-term price movements and uses a dual-trendline breakout strategy, where two different trendlines confirm the same directional setup before a trade is allowed.

This dual-filter approach helps reduce false entries, especially during consolidation phases, making the EA well-suited for market conditions where gold frequently reverses direction.

The EA is ideal for:

Gold scalpers
Day traders
Risk-controlled automated trading
Traders who want hands-free entry execution

Whether you monitor the chart full-day or rely on complete automation, Mon Scalper EA is designed to find clear, technical entries based on trendline behavior.

Target Market and Trading Conditions

The EA is built specifically for:

Symbol: XAUUSD
Timeframe: M15
Trading Style: Intraday scalping
Risk Type: Medium (adjustable based on lot size and account size)

Gold is known for its sharp swings and liquidity, which makes scalping an attractive strategy for experienced traders. With Mon Scalper EA, the goal is to automate those quick entries using a disciplined and repeatable system.

How the Dual-Trendline Strategy Works

The EA uses two specific trendline structures:

1. Long-Term Trendline

This trendline identifies the major directional bias. It filters out trades that go against the primary movement of the market.
If price respects the long-term trendline and shows a breakout, the EA confirms a potential trend continuation setup.

2. Short-Term Trendline

This is drawn on smaller market swings. It identifies immediate setups and helps time the exact entry moment.
When the short-term trendline aligns with the long-term trend direction, the EA considers the setup to be valid.

Breakout Confirmation

Once both trendlines agree:

The price breaks out above resistance (for buys)
The price breaks below support (for sells)

The EA executes a position with predefined risk management.

This synergy between long-term and short-term technical signals significantly improves the consistency of the trades, especially during high-momentum sessions like London and New York.

Recommended Account Requirements

Minimum Deposit

$450 is the minimum recommended balance.
$600 is ideal for more stable performance and to allow multiple setups.

Lot Size Recommendation

0.01 lot is recommended for small accounts.
Higher lot sizes require a proportional increase in account balance.

Leverage

Any leverage is supported.
However, gold is volatile:
- Higher leverage increases risk
- Proper position sizing is essential

For safest results, traders usually choose leverage between 1:200 – 1:500.

Broker Requirements

The EA is compatible with all broker types:

ECN
STP
Raw / Zero Spread Accounts
Market Maker accounts

Execution speed is important for scalping, so traders are encouraged to:

Use a low-spread broker
Prefer raw or ECN accounts
Avoid brokers with slow order execution during high volatility

A VPS is strongly recommended for uninterrupted performance and 24/7 operation.

Key Features of Mon Scalper EA V1.0 MT4

1. Dual-Trendline Logic

This is the core of the strategy, ensuring multiple confirmations before entering a trade.

2. Fast Scalping Engine

Designed to enter trades rapidly when a breakout occurs.
The EA reacts instantly to chart changes, which is crucial for gold markets.

3. Automated Stop Loss and Take Profit

Mon Scalper EA uses predefined levels based on volatility conditions.
It protects trades using:

Stop Loss (SL)
Take Profit (TP)
Break-even shifting
Partial profits (if enabled)

4. Smart Recovery System

If enabled, the EA can adjust positions during strong trends to recover losing trades.
This feature is best used by experienced traders.

5. Spread and Slippage Protection

The EA checks real-time spread values:

If spreads exceed the safe range, trades are not executed
This prevents costly entries during news spikes

6. Works on Any MT4 Broker

Since the code follows universal MT4 standards, installation and usage are straightforward.

How the EA Enters and Exits Trades

Entry Conditions

The EA waits for:

Both trendlines pointing in the same direction
Price touching and breaking the short-term trendline
Long-term trendline support for the breakout
Spread and volatility checks
Trade volume validation

Only after these conditions are met does the EA trigger a Buy or Sell order.

Exit Conditions

The EA exits trades using:

Targeted TP levels
Volatility-based trailing stops
Break-even shift
Reversal signal detection

The dynamic exit logic ensures that profitable trades are locked while minimizing losses during unpredictable price action.

Why Gold Traders Prefer This EA

1. Focused Specialization

The EA is not a multi-pair system.
It specializes in XAUUSD, meaning the logic is optimized for gold behavior.

2. Works on M15 for Intraday Scalping

The M15 timeframe strikes a balance:

Enough entries
Lower noise
Good risk-to-reward potential

3. Avoids Over-Trading

Unlike many scalping robots that open dozens of trades daily, Mon Scalper EA focuses only on high-quality setups.

4. Excellent for Busy Traders

If you cannot monitor the chart all day, the EA takes responsibility for:

Identifying setups
Executing orders
Managing risk

Best Trading Sessions for This EA

The EA performs exceptionally well during:

London Session
New York Session
Overlaps between both
High volume movement periods

Avoid using it during extremely low volatility periods (late Asian session).

Risk Management Guidelines

To protect your account, follow these guidelines:

Do not exceed 0.01 lot per $600
Do not use very high leverage unless you understand margin risk
Disable the recovery system on small accounts
Always use a VPS to avoid disconnects
Never use the EA during major news without proper configuration

Installation Guide

Open MetaTrader 4
Click File → Open Data Folder
Navigate to MQL4 → Experts
Paste the EA file
Restart MT4
Attach the EA to the XAUUSD M15 chart
Enable AutoTrading

After installation, adjust your risk settings and start trading.

Is Mon Scalper EA V1.0 MT4 Good for Beginners?

Yes.
It is designed with simple settings and automated execution.
Beginners can use default settings, while advanced traders can customize:

Lot sizes
Stop Loss / Take Profit
Recovery mode
Trendline sensitivity
Spread filters

The EA’s structure gives new traders a consistent method to follow without emotional trading.

Final Verdict

Mon Scalper EA V1.0 MT4 is a powerful, disciplined, and well-structured gold trading robot built for the M15 timeframe. With its dual-trendline confirmation system, spread protection, and automated management, the EA offers a reliable approach to capturing gold’s intraday opportunities.

For traders who want a focused, precise, and hands-free M15 scalper for XAUUSD, Mon Scalper EA is a strong choice with well-balanced risk and performance.