Budget Gold Scalper M1: Automated MT5 XAUUSD Scalping with Verified Performance

This Budget Gold Scalper M1 review in 2026 evaluates performance using both backtests and verified live account statements, offering a transparent analysis of trade outcomes, win rates, and drawdown behavior. The review examines how the EA combines EMA and RSI to filter high-probability oversold setups on the one-minute chart while maintaining disciplined trade management. The developer, N Kishore, positions the EA as a low-cost solution at $99 with a 4.5/5 rating across 100 reviews, and the review cross-references those user reports with server-side trade history on MT5. What makes Budget Gold Scalper M1 unique is its focus on gold only, high trade frequency, and a mathematically controlled averaging grid that only activates under continued adverse movement. The algorithm opens fixed-lot buy positions when the filter criteria align, then layers small averaging trades with preset limits to reduce time in drawdown rather than increase long-term exposure. Market conditions with clear short intraday retracements on XAUUSD and reasonable volatility deliver the best outcomes, while thin liquidity or major news spikes are treated as higher risk. Risk management is central to the design: the EA avoids martingale-style exponential sizing, uses fixed lots, and caps the grid depth and total exposure. Expected performance characteristics include moderate win rates with many small profits, occasional larger winning runs, and short average trade durations. Budget Gold Scalper M1 integrates easily on MT5 and provides configurable parameters for users to align with their account size and risk tolerance.