Merlin Scalp EA v1.7 (MT4) — Gold-Focused Scalper with Built-In Risk Controls

Merlin Scalp is an MT4 Expert Advisor specialized for XAUUSD (Gold). The current Market build is v1.7 (published 3 July 2025; list price $876). It combines technical-indicator signals with price-action logic and configurable money management—aiming to trade gold’s volatility with disciplined, rule-based entries and exits.

🔑 Key Features

• Gold-Only Focus: Tuned specifically for XAUUSD behavior and volatility.

• Adaptive Strategy: Uses indicators + PA filters to time entries/exists as conditions change.

• Risk First: SL/TP on every trade with max-drawdown controls to protect capital.

• Configurable: Adjust lot size, SL/TP, and indicator parameters to fit your risk profile.

• Ease of Use: Streamlined setup for newer traders; fully automated 24/5.

📈 How It Trades

Merlin Scalp analyzes short-term momentum on gold, then fires single, clean entries with predefined SL/TP. The strategy adapts to changing regimes (calm vs. volatile sessions) to avoid chasing noise and to keep risk quantified.

⚙️ Recommended Setup

• Platform: MetaTrader 4

• Symbol/TF: XAUUSD on intraday timeframes (e.g., M5–M15), forward-test to match your broker

• Account: ECN/RAW spreads; low-latency VPS recommended for fill quality (scalper best practice)

🎛️ Key Inputs (at a glance)

• Position sizing (fixed lot / % risk)

• SL/TP levels (points) and optional trailing

• Indicator thresholds / PA sensitivity

• Daily loss limit / protection settings

📦 What You Get

• Merlin Scalp EA v1.7 (MT4) with Unlimited activations  and product documentation on the page.

⚠️ Risk Notice

Trading gold/CFDs involves risk. Backtests and examples do not guarantee future performance—demo-test first and size positions responsibly. (The vendor also recommends demo testing before live use.)

Key facts (price, version, date, gold focus, feature set) are taken from the official MQL5 product page for Merlin Scalp.