Overview
A third‑party reviewer with long experience in automated trading evaluates the new Gold Scalper PRO v2.0 release from FXAutomater. This update focuses on performance, safety, and usability for retail traders and funded account holders.
Key Improvements
- Two independent systems: Core System 1 (refined decision logic) and System 2 (pending orders with SL/TP/Trailing Stop).
- Higher trading frequency: System 1 shows ~50% more trades; combined systems report over 300% increase.
- Profitability uplift: Core system backtests indicate ~70% profit increase; combined setup claims dramatic gains.
- Drawdown Protection: New configurable protection tailored for funded and Prop Firms rules.
- Cleaner EA: Removed grid and redundant panel buttons; automatic GMT offset detection added.
Why it matters for traders
- Risk control: Built‑in drawdown guard helps meet strict funded account rules (e.g., FTMO).
- Reproducible backtests: Results are based on long-term backtests; users can verify on their platform.
- Ease of setup: Automatic GMT detection and simplified parameters reduce configuration errors.
Practical checklist before live deployment
- Run your own backtests with default and custom settings.
- Test on a demo with the broker you use (add IC Markets if relevant).
- Configure Drawdown Protection to match your funded account rules.
- Start with conservative risk (e.g., 1% per trade) and monitor performance.
Setup tips and caveats
- Ensure MT4/MT5 WebRequest includes https://www.fxautomater.com in terminal settings.
- Verify spread and slippage on your broker; higher spreads reduce scalper edge.
- Disable unnecessary features only if you understand their prior role.
Final verdict (expert reviewer)
Gold Scalper PRO v2.0 is a meaningful evolution: cleaner code, two complementary systems, and practical drawdown protection. It’s promising for traders seeking automated scalping with funded account compatibility, but independent verification and cautious sizing remain essential.
