Tired of chasing gold trades manually, only to see profits slip away? Meet Merlin Scalp EA V1.7, the MT4-based scalping wizard built exclusively for XAU/USD. With markets more volatile than ever, you need an automated edge—coz sitting in front of charts all day just won’t cut it. Merlin Scalp EA steps in with lightning-fast execution, adaptive stop losses, and money-management tweaks that let you capture micro-moves while keeping risk in check. Whether you’re new to automated trading or a seasoned EA veteran, Merlin delivers a hassle-free way to scalp gold, 24/5… no emotions, no second-guessing.


Overview


Merlin Scalp EA V1.7 is designed from the ground up for the MT4 platform, focusing solely on XAU/USD. It leverages a proprietary algorithm that:



  • Scans tick data to pinpoint high-probability scalp entries

  • Adapts dynamically to changing volatility

  • Executes market orders in under 100 ms

  • Manages trades with a blend of fixed and trailing stop-loss strategies


No martingale, no grid, no hidden gimmicks—just pure price-action and intelligent filters. Merlin Scalp EA runs seamlessly on a VPS or your local machine, using minimal CPU so you can keep your rig light and responsive.



Key Features



  • 1–2 Pips Scalping Targets: Designed for tight profit targets, averaging 10–15% monthly gains

  • Adaptive Stop Loss: Dynamically adjusts based on ATR and real-time volatility

  • Fixed & Auto Lot Sizing: Choose static lots or let Merlin calculate optimal position sizes by risk percentage

  • No Martingale: Strict risk control—no doubling down on losers

  • High Execution Speed: Sub-100 ms order execution to minimize slippage

  • Spread & Slippage Filter: Automatically pauses trading when spreads exceed your threshold

  • Time-Based Trading: Operates during peak London and New York overlaps for best liquidity

  • Dashboard Panel: Easy-to-read trade overview and performance metrics

  • VPS-Friendly: Low resource footprint; recommended for uninterrupted 24/5 trading

  • One-Click Mode: Activate emergency close to exit all positions instantly

  • Backtest-Optimized: Pre-configured settings based on extensive historical data

  • Live-Market Verified: Real-account proof for transparency


Backtest & Live Performance


Our backtests span January 2018 through June 2024 on 1,000 micro-lot accounts, with 5 years of tick data and 10 million simulated trades. The equity curve shows a smooth upward climb, with a max drawdown of just 7% and an average win rate of 72%. Over 1,200 backtest trades, Merlin delivered an annualized return of 42%—impressive for a scalper, right?


In real-market conditions (live account monitored since January 2023), Merlin has executed 600+ trades with a 68% win rate, averaging 0.8 pips net profit per trade. Monthly drawdowns stayed below 5%, demonstrating its resilience even during flash crashes and major news events. Charts and dashboards confirm that Merlin adapts its stop-loss bands during spikes, locking in profits and avoiding whipsaws.


How to Install & Configure



  1. Download the MerlinScalpEA_v1.7.ex4 file from your vendor portal.

  2. Open MetaTrader 4 → File → Open Data Folder → MQL4 → Experts.

  3. Paste MerlinScalpEA_v1.7.ex4 into the Experts folder.

  4. Restart MT4 to refresh the Navigator panel.

  5. Drag & Drop “Merlin Scalp EA V1.7” onto a 1-minute XAU/USD chart.

  6. Enable AutoTrading (green play button on MT4 toolbar).

  7. Adjust Inputs (see recommended settings screenshot below).


Strategy & Settings Explained


Merlin’s brain hinges on two pillars: volatility filtering and precision exits. Key settings include:



  • RiskPercent: What percent of equity to risk per trade (default 1.5%).

  • MaxSpread: Spread threshold to pause trading (default 0.6 pips).

  • ATRMultiplier: Controls stop-loss distance based on ATR (default 1.8).

  • TradeStartHour/TradeEndHour: Defines active trading window (default 8–17 server time).

  • Slippage: Maximum slippage allowed in pips (default 2).


Tweak these conservatively at first; run on a demo for one week to see how they mesh with your broker’s execution quality.



Why Choose Merlin Scalp EA?


You might wonder: there are tons of scalp EAs out there—why Merlin?



  • Proven Track Record: Years of real-account data speak louder than backtests.

  • Transparent Development: No hidden code; you get clear logic in the user guide.

  • Regular Updates: V1.7 includes volatility-based stop enhancements—future improvements are free.

  • Dedicated Support: Fast responses via forum or email—coz we know every minute counts in scalping.


Risk Disclaimer & Support


Automated trading carries inherent risks. Past performance isn’t a promise of future gains; drawdowns will happen. Always demo-test Merlin for at least 14 days before deploying on a live account. Use sensible leverage—no more than 1:100 for scalping. Trade responsibly.


Got questions, bugs, or need fine-tuning tips? Reach out to our support team anytime:



Call to Action


Ready to take your XAU/USD scalping to wizard-level? Download Merlin Scalp EA V1.7 MT4 today and see why traders worldwide trust Merlin to navigate gold’s twists and turns. Don’t wait—set up your demo run now and start capturing those micro-moves with confidence!


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Happy Trading