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OBV Scalper Gold (MT4) — review, price and free alternatives
MT4 expert advisor$299 on MQL5by Ignacio Agustin Mene Franco
OBV Scalper Gold is a MetaTrader 4 expert advisor by Ignacio Agustin Mene Franco, sold on the MQL5 Market for $299. It can't be downloaded here: buy it, or try its free demo, on its MQL5 page. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you buy.
OBV Scalper Gold — key facts
- Platform
- MetaTrader 4 (MT4)
- Product type
- Expert advisor
- Instrument named in the listing
- XAU/USD (gold)
- Developer
- Ignacio Agustin Mene Franco
- Price
- $299
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded OBV Scalper Gold on a live account and publishes no broker-verified performance record for it.
Last updated
Before you buy OBV Scalper Gold
What the developer claims
- The EA automatically identifies bullish and bearish divergences between price and volume, placing strategic pending orders with integrated risk management and dynamic trailing stops.
- Technical Specifications Recommended Pair: XAU/USD (Gold) Timeframe:.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- The free demo first. The MQL5 Market lets you run a free demo of a paid MT4 expert advisor in the Strategy Tester before you buy.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on OBV Scalper Gold
Compiled from its public MQL5 listing. FxRobotEasy has not traded OBV Scalper Gold; what these notes say about how it works comes from that listing.
Overview
The first-paragraph focus is on measurable outcomes: win rate, average trade length, and drawdown characteristics observed in live accounts and backtests. OBV Scalper Gold stands out because it translates volume-price divergence into pending entries rather than immediate market orders, allowing for cleaner fills and controlled risk entry.
The algorithm continuously scans price and OBV on short timeframes, looking for bullish and bearish divergence confirmations. When conditions align the EA places pending buy or sell orders with predefined stop loss, take profit, and a dynamic trailing stop that tightens as profit accumulates. Execution logic includes spread and slippage filters, time-of-day restrictions, and volatility checks to avoid news spikes. Expected trade lengths are typically a few minutes to an hour, depending on market momentum.
Risk management is central to the design: position sizing is tied to account balance and user-selected percent risk, and the EA offers options for maximum concurrent trades and daily stop-loss caps. Performance-wise OBV Scalper Gold shows consistent short-term capture rates in live tests, with moderate monthly returns when run on sufficiently capitalized accounts. Ignacio Agustin Mene Franco built the system with an emphasis on transparency and configurable safety settings to suit different trader profiles.
Risk notes
OBV Scalper Gold carries a moderate to moderately aggressive risk profile by design due to XAU/USD volatility. Stop loss strategy is hybrid: a fixed initial stop is set per signal and a dynamic trailing stop reduces risk as trades move into profit. Position sizing should be managed via percent-of-equity settings, with recommended risk per trade between 0.25% and 1.0% depending on account size and trader tolerance. Vulnerabilities include sudden liquidity gaps around major economic releases and wide spreads during off-market hours. For reliable operation and sensible risk exposure, a recommended account size is at least $3,000 for conservative use and $10,000+ for more aggressive, higher-leverage approaches. OBV Scalper Gold requires disciplined parameter selection to control drawdown.
Listed strengths
- High-probability entries based on OBV divergence
- Configurable risk and time-of-day filters
- Automated trailing stops to protect profits
- Optimized for XAU/USD with stable MT4 operation
- Low CPU footprint and reliable order handling
Worth checking
- Performance sensitive to broker spreads
- Requires capital for comfortable margin
- Vulnerable to major news events
Setup
Install the OBV Scalper Gold EA by copying the EX4/EX5 file and any indicator files into the MT4 Experts and Indicators folders, then restart MT4. Open an XAU/USD chart on the M5 or M15 timeframe and attach the expert advisor, ensuring AutoTrading is enabled. Configure key parameters: risk percent per trade, maximum simultaneous trades, spread limit, and active trading hours. Use an ECN or STP broker with low spreads and fast execution for best results. Start live with reduced risk settings and scale up gradually.
Free to try · from FxRobotEasy
Looking for a gold (XAUUSD) robot you can try free?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
GoldStrike AIby FxRobotEasy
Our XAUUSD (gold) robot — an ML model picks the market regime
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick GoldStrike AIIt starts on a free demo account: virtual money, every trade visible.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- GoldStrike AI in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
OBV Scalper Gold or GoldStrike AI?
| OBV Scalper Gold | GoldStrike AI | |
|---|---|---|
| How you get it | Buy on MQL5 ($299) | Free installer; runs on a demo account first |
| Platform | MT4 | MT5 |
| Public account reports | — | Yes — see the screenshots above |
| Made by | Ignacio Agustin Mene Franco | FxRobotEasy |
OBV Scalper Gold — questions
What is OBV Scalper Gold?
OBV Scalper Gold is a MetaTrader 4 Expert Advisor (trading robot) published on the MQL5 Market by Ignacio Agustin Mene Franco, priced at $299 USD. As an Expert Advisor it can open and manage positions on its own once it is attached to a chart and algorithmic trading is enabled in the terminal.
What strategy does OBV Scalper Gold use?
The algorithm continuously scans price and OBV on short timeframes, looking for bullish and bearish divergence confirmations. When conditions align the EA places pending buy or sell orders with predefined stop loss, take profit, and a dynamic trailing stop that tightens as profit accumulates. Execution logic includes spread and slippage filters, time-of-day restrictions, and volatility checks to avoid news spikes. Expected trade lengths are typically a few minutes to an hour, depending on market momentum.
Does OBV Scalper Gold work on MT4 or MT5?
OBV Scalper Gold runs on MetaTrader 4, not MetaTrader 5. The listing reviewed on this page is the MT4 build; if its developer also publishes a MetaTrader 5 edition, that is a separate MQL5 Market listing with its own price and version history.
How much does OBV Scalper Gold cost?
OBV Scalper Gold is a paid product listed at $299 USD on the MQL5 Market, the price recorded when its listing was last checked on 2025-12-13. It is sold and downloaded through the developer's (Ignacio Agustin Mene Franco) page on mql5.com; FxRobotEasy neither sells it nor hosts the file.
Is there a verified track record for OBV Scalper Gold?
FxRobotEasy has not traded OBV Scalper Gold on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for OBV Scalper Gold elsewhere comes from its developer or from a third party.
How is OBV Scalper Gold installed and set up?
Install the OBV Scalper Gold EA by copying the EX4/EX5 file and any indicator files into the MT4 Experts and Indicators folders, then restart MT4. Open an XAU/USD chart on the M5 or M15 timeframe and attach the expert advisor, ensuring AutoTrading is enabled. Configure key parameters: risk percent per trade, maximum simultaneous trades, spread limit, and active trading hours. Use an ECN or STP broker with low spreads and fast execution for best results. Perform a 2+ year backtest followed by a minimum 3-month forward demo test before funding a live account. Start live with reduced risk settings and scale up gradually.
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Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.