Mon Scalper EA V1.0 MT4

Mon Scalper EA V1.0 MT4 – Dual-Trendline Gold Scalping Strategy Explained

If you’ve been trying to scalp gold on MT4 but keep getting caught in fake breakouts or sudden trend shifts, you’re not alone. Gold is fast… almost too fast at times. Many traders end up making emotional entries, coz they don’t have a proper structure-based approach. That’s exactly where Mon Scalper EA V1.0 MT4 steps in — a compact, disciplined, dual-trendline Expert Advisor crafted specifically for XAUUSD.

This bot has one job: identify when short-term momentum lines up perfectly with long-term structure, and take advantage of those breakout moments. Instead of chasing random spikes or guessing direction, it waits patiently for the breakout along both trendlines. And honestly, that alone makes it way more reliable than many “instant fast scalpers” floating around.

In this guide, I’ll walk you through everything you need to know — the strategy, settings, backtest behavior, risk rules, and the best way to install & run the bot safely. So if you’re curious whether Mon Scalper EA fits your trading style or not, this breakdown will definitely help.

What is Mon Scalper EA V1.0 MT4?

Mon Scalper EA is an MT4-based automated trading system tailored exclusively for gold (XAUUSD). It operates on the M15 timeframe, balancing between fast entries and stable trend confirmation. Instead of heavy indicators or lagging oscillators, the EA uses a dual-trendline approach:

One long-term trendline capturing macro direction

One short-term trendline identifying immediate momentum

The EA triggers trades only when the breakout aligns across both trendlines. This reduces noise and filters out random moves that often trap manual scalpers.

Who is it made for?

This EA works best for:

Beginner traders who struggle with emotional scalping

Gold scalpers tired of false breakouts

Traders who prefer technical, structure-based entries

MT4 users wanting a simple plug-and-play gold bot

It does NOT use martingale, grid, hedging, or other risky strategies. The logic stays clean and manageable.

Key Features of Mon Scalper EA

Here’s what makes this EA stand out:

Dual-trendline entry filtering

Works exclusively on XAUUSD for higher accuracy

Operates on M15 timeframe (balanced scalping speed)

Doesn’t use martingale or grid

Simple parameters — beginner-friendly

Optimized for breakout continuation trades

Suitable for ECN, STP, or any broker type

VPS recommended for uninterrupted execution

Handles high-volatility sessions effectively

Designed for 0.01 lots with small capital

Follows strict stop-loss & take-profit logic

Reduces emotional bias in gold scalping

The best part? It avoids over-trading. Many EAs open 20–30 trades a day on gold, but Mon Scalper prefers precision over frequency.

Trading Conditions & Requirements

To run the EA smoothly, here’s what you need:

Symbol: XAUUSD (Gold)

Platform: MetaTrader 4

Timeframe: M15

Minimum Deposit: $450 (recommended $600 for safer buffer)

Lot Size: 0.01 starting

Account Type: Any (ECN, STP, Raw Spread)

Leverage: Any leverage works, though proper risk control is essential

VPS: Strongly recommended

Even tho the EA doesn’t require ultra-tight spreads, choosing a broker with decent execution will improve performance.

How the Dual-Trendline Strategy Works

Mon Scalper EA uses structural logic instead of indicator tricks. Here’s the breakdown:

1. Long-Term Trendline Check This trendline establishes the macro direction. If the price is above the long-term line, the EA only looks for buys. If below, only sells.

2. Short-Term Trendline Check This line captures recent price pressure. When price breaks it with momentum, the EA prepares a signal.

3. Breakout Alignment The EA triggers a trade ONLY when:

Short-term breakout

Confirms with long-term trend direction

Volatility is stable

The candle closes beyond the breakout

This is why the bot avoids false signals.

4. SL & TP Placement Stop-loss levels are placed near structural points, reducing random whipsaws. Take profit uses fixed or dynamic targets based on volatility.

Backtest & Performance Insights

While backtests vary depending on broker data and spreads, most users reported consistent behavior like:

Fewer high-quality trades rather than spammy entries

Stronger performance during London and New York sessions

Better win rate when volatility is stable

Moderate drawdown due to no grid or martingale

Typical backtest patterns show:

Win rate: 60–75% under normal conditions

DD range: 10–20% depending on settings

Monthly returns: Highly variable, often 5–12% with safe risk

Mon Scalper EA’s strength lies in picking structurally strong breakouts. It’s not meant to flip accounts overnight; instead, it focuses on steady accuracy.

How to Install & Run Mon Scalper EA

Here’s a simple step-by-step setup guide:

Step 1: Download the EA Use the download link provided above or from your YoForex-related resources.

Step 2: Add to MT4 - Open MT4 - Go to **File → Open Data Folder** - Navigate to **MQL4 → Experts** - Paste the EA file - Restart MT4

Step 3: Attach to Chart - Open **XAUUSD** - Set timeframe to **M15** - Drag the EA onto the chart - Enable “Allow Live Trading”

Step 4: Configure Inputs Most default inputs work fine, but you may adjust:

Lot size

TP/SL levels

Risk per trade

Max trades

Sessions

Step 5: Keep Your VPS Running A VPS ensures 24/7 operation even if your local PC shuts down.

Risk Management Tips

Trading gold requires respect. Here are simple but effective tips:

Use 0.01 lots until you trust the performance

Keep at least $450–$600 in the account

Avoid using oversized leverage to chase quick profits

Don’t interrupt trades manually unless absolutely needed

Backtest your preferred settings before going live

Is Mon Scalper EA Worth Using?

If you’re looking for:

Clean breakout entries

A scalper that doesn’t spam trades

A gold-focused EA

No martingale/grid risks

A simple but effective trendline model

…then yes, Mon Scalper EA is absolutely worth testing. It gives you structured, logical entries without unnecessary complexity.

But like any EA, it’s not magic — market conditions matter. Good risk control + stable spreads + VPS = best performance.

Conclusion

Mon Scalper EA V1.0 MT4 is a refreshing change from the overloaded indicator bots out there. Its dual-trendline approach brings structure, clarity, and stability to gold scalping. Whether you're a beginner or an intermediate trader wanting more accuracy in breakouts, this EA is a solid choice.