Tired of overpriced EAs that promise the moon but leave you hanging? Let’s be real—finding a reliable gold scalper that won’t cost you an arm and a leg is a pain, right? Well, Merlin Scalp EA V1.7 flips the script. This free MT4 expert advisor, crafted and rigorously back-tested by the YoForex team, aims to deliver steady profits while keeping drawdowns in check. No magic tricks, no hidden fees… just a straightforward gold scalper EA you can trust. Whether you’re a rookie who’s still figuring out support and resistance or a seasoned trader hunting for that extra edge, Merlin Scalp EA V1.7 might just be the game-changer you’ve been waiting for.

Overview

Merlin Scalp EA V1.7 is built exclusively for XAU/USD on the MetaTrader 4 platform. Unlike one-size-fits-all robots, it hones in on gold’s unique volatility patterns, executing high-probability scalp trades in real time. The core algorithm analyzes tick data across multiple timeframes, identifying micro-trends and momentum bursts. What sets this gold scalper EA apart is its dynamic risk management—adjusting lot sizes per your account balance and market volatility, without resorting to martingale or grid gambits.

Back-testing ran from January 2018 through June 2025 on 99.9% tick data, and live-market verification has been ongoing since early 2024. All parameters come pre-optimized by YoForex, though you can tweak your own risk settings if you’d like. Best of all? It’s 100% free on MQL5.software—no subscription, no trial-expiration panic.

For more free MT4 tools, check out Galaxy Gold Scalper V3.0 or brush up with our Beginner Trading Strategies Guide for extra context.

Key Features

• +1–2% daily profit targets on average
• Max drawdown capped at 5%
• No martingale, no grid—pure price-action scalp logic
• Adaptive lot sizing based on balance and ATR
• Multi-timeframe analysis: M1, M5, M15 for precision
• Built-in spread filter—skips choppy markets
• 150 orders/day capacity, auto-pause on abnormal slippage
• One-click risk adjustment: define % per trade
• Fully automated, 24/5 operation
• Easy to set up—plug-and-play for MT4

Backtest Results & Proof

From Jan 2018–Jun 2025, Merlin Scalp EA V1.7 ran on tick-accurate XAUUSD data, delivering a compounded equity growth of +1,200% with an average monthly return of +12%. Maximum drawdown stayed below 5%, proving the robustness of its risk controls. Sample size: over 8,500 trades, sharpe ratio 1.8, and profit factor 1.75.

How to Install & Configure

  1. Download the EA from MQL5.software:
    Merlin Scalp EA V1.7 – Download
  2. Copy MerlinScalpEA.ex4 into your MT4 Experts folder.
  3. Restart MT4 and open the Navigator pane.
  4. Drag & drop Merlin Scalp EA onto an XAUUSD M5 chart.
  5. Apply recommended settings:
  • Risk % per trade: 1.0
  • Max Spread: 20 pips
  • Trading Hours: 00:00–23:59

    6. Enable AutoTrading and “Allow DLL imports.”

    7. Save your template for future use.

Why Choose YoForex-Powered Tools?

YoForex has been empowering traders worldwide since 2019, offering 100% free, battle-tested EAs and indicators on MQL5.software. We believe trading shouldn’t cost a fortune—so every tool, like Merlin Scalp EA V1.7, gets ongoing updates at zero cost. Our in-house quant team runs continuous optimizations, ensuring your EA adapts as market regimes shift. Curious about our journey? Learn more on our About Us page.

Support & Disclaimer

Got a bug or need config help? Ping us instantly on WhatsApp:

https://wa.me/+443300272265
Or join our Telegram group for live support:
https://t.me/yoforexrobot

Disclaimer: Past performance is not a guarantee of future results. Trading involves risk—use a demo account first, adjust risk parameters, and never trade money you can’t afford to lose.

Call to Action

Ready to level up your gold trading? Grab your free copy of Merlin Scalp EA V1.7 now on MQL5.software and start scalping smarter, not harder. Unlimited support awaits—download, attach, and press “AutoTrading” to see what the buzz is all about.

YoForex – empowering traders worldwide, one free tool at a time

Happy Trading