What is Merlin Scalp EA MT4?

Merlin Scalp EA MT4 is a professional automated trading robot developed exclusively for XAU/USD (Gold) on the MetaTrader 4 platform. The EA is engineered to handle Gold’s extreme volatility using an adaptive scalping strategy, integrating technical indicators, Price Action analysis, and advanced risk control mechanisms.

Unlike generic scalping EAs, Merlin Scalp focuses on capital safety, featuring a maximum drawdown protection system that works alongside Stop Loss and Take Profit to safeguard trader funds during unstable market conditions.

➡️ Vendor Website: Available on the official product page | MQL5
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Key Features of Merlin Scalp EA MT4

✔️ XAU/USD Specialization
Optimized exclusively for Gold trading, accounting for high volatility, liquidity spikes, and news-driven movements.

✔️ Adaptive Scalping Strategy
Combines technical indicators with real-time Price Action signals to find high-probability entries and exits.

✔️ Maximum Drawdown Control System
Automatically limits risk exposure by controlling overall drawdown in addition to SL/TP.

✔️ Built-in Risk Management
Each trade includes predefined Stop Loss and Take Profit levels for disciplined execution.

✔️ Customizable Parameters
Users can adjust:

• Lot size

• Risk percentage

• SL / TP

• Strategy sensitivity

✔️ No DLL / Fully Unlocked
Safe to use on any broker and VPS environment.

Merlin Scalp EA MT4 Review

Merlin Scalp EA is designed for traders who want precision scalping on Gold without emotional interference. Its adaptive logic continuously evaluates price behavior and volatility, allowing the EA to adjust execution dynamically rather than relying on fixed market conditions.

The inclusion of maximum drawdown control makes this EA particularly attractive for conservative and medium-risk traders looking to protect capital while still targeting consistent returns.

Backtest Summary (XAUUSD – M5):

✅ Initial Deposit: $200
✅ Total Net Profit: $98,566.84
✅ Win Rate: 99.37%
✅ Maximum Drawdown: 1.98%
✅ Duration: 6 consecutive months

These results demonstrate the EA’s ability to maintain controlled drawdown while executing high-frequency scalping strategies efficiently.

Trading Strategy Explained

The core of Merlin Scalp EA is a flexible and adaptive Gold scalping model.

Strategy Components:

• Technical indicator confirmation

• Price Action pattern recognition

• Volatility filtering

• Time-based execution logic

Execution Benefits:

• Fast trade entries on M5 timeframe

• Reduced emotional bias

• Consistent rule-based trading

• Stable performance across changing market conditions

Why Choose Merlin Scalp EA MT4?

🔹 24/5 Fully Automated Trading
Designed to operate around the clock, Merlin Scalp EA trades continuously without the need for manual monitoring, ensuring no trading opportunities are missed.

🔹 Enhanced Capital Safety
With a built-in maximum drawdown control system, the EA actively protects your account balance during periods of high Gold market volatility.

🔹 Emotion-Free Trading
By relying entirely on algorithmic logic, the EA removes emotional decision-making such as fear, greed, and over-trading, resulting in a more disciplined approach.

🔹 High Execution Speed
Thanks to its automated execution engine, trades are opened and closed faster and more accurately than manual trading methods.

🔹 Beginner-Friendly Setup
Simple installation steps and pre-configured set files make Merlin Scalp EA easy to use, even for traders with limited technical experience.

Recommended Settings & System Requirements

Final Conclusion

Merlin Scalp EA MT4 is a precision-engineered Gold scalping robot designed for traders who prioritize risk control, automation, and consistency. With its adaptive Price Action strategy, maximum drawdown protection, and professional-grade execution logic, it stands out as a reliable MT4 solution for XAU/USD trading.

Whether you are a beginner or an experienced trader, Merlin Scalp EA offers a balanced approach to automated Gold trading with long-term sustainability in mind.

About the Developer

Author: Dmitriq Evgenoeviz Ko
Experience: 5+ years on MQL5 Market

The developer behind Merlin Scalp EA is a well-established MQL5 author with multiple successful Gold trading products, including:

• Merlin Scalp EA MT4

• Golden Harmony MT4

• Infinity Gold Impulse MT4

• Pharaoh Gold MT4

• Apex Gold MT4

Among all released advisors, Merlin Scalp MT4 stands out as his best-performing and most refined product, focusing on long-term stability and controlled growth.

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