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Ghost Scalper MT5 is a fully automated Expert Advisor developed for XAUUSD / Gold on MetaTrader 5.
Ghost is designed for selective breakout and momentum movements in the Gold market. The EA waits for its internal market conditions and does not continuously open trades.
Ghost combines four independent trading strategies:
Each strategy has its own entries, trade management and separate risk settings. Every strategy can trade independently and can be enabled or disabled individually.
Ghost offers three different position-sizing methods:
Risk settings can be configured separately for each Ghost strategy. Multiple strategies may trade at the same time, which should be considered when selecting the total risk.
Pending orders are automatically managed and removed before the weekend.
Ghost uses an advanced trailing and protection system. In addition to the broker-side Stop Loss, an internal protection logic continues to monitor the position.
The system considers Stop Levels, Freeze Levels, slippage, rejected Stop Loss modifications, fast market movements and execution problems.
If a Stop Loss adjustment cannot temporarily be performed by the broker, the internal protection logic remains active.
Ghost includes an integrated News Filter for important USD economic news.
New entries can automatically be blocked around relevant events such as NFP, CPI, PCE, FOMC and important US labor-market data.
The News Filter is optional and can be disabled. Risk can also be reduced during particularly volatile news weeks.
Ghost monitors the actual quality of broker execution.
The rating is not based on ping or latency alone. It considers actual Execution Time, Slippage, Spread and broker responses.
Detailed technical diagnostics are recorded in the MT5 Journal.
BIG displays the main trading, risk and broker information. OFF reduces graphical load and is especially useful for VPS systems running multiple MT5 terminals.
Symbol: XAUUSD / Gold
Timeframe: H1
Algo Trading: ON
VPS: preferably close to the broker server
Ghost may remain without a trade for extended periods. Every strategy waits for its own internal market conditions.
Wait for the setup. Do not force trades.
Different brokers can produce different results even with identical trading logic. Spread, Slippage, Execution Time, liquidity, account type, server location and XAUUSD contract specifications can influence live results.
Low ping alone does not guarantee good execution. Ghost therefore measures actual Execution and Slippage during trading.
Trading Forex and CFDs on margin involves a high level of risk and may not be suitable for every investor.
Past performance, including backtest results and live signals, is not a reliable indication of future results.
Ghost Scalper MT5 does not guarantee profits. Market conditions, broker execution, spread, slippage and other factors can affect actual results. The user is responsible for the selected settings, lot size and risk.
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