Prime Gold Scalper V2
Prime Gold Scalper V2 is a MT4 grid expert advisor developed by Edinburgh Algo, verified via myfxbook with +305.0% gain and 5.5% max drawdown over 148 tracked days.
Turned a $1,000 deposit into $4,050 over 148 tracked days.
Worst peak-to-trough drop was $55 per $1,000 equity.
Generated $2.70 in gross profit for every $1.00 lost.
Average monthly compounding rate across 148 days.
At-a-Glance Specifications
19 Verified FieldsSystem metrics verified from live trade statements and database records. Missing fields are left unlisted rather than estimated.
| System Name | Prime Gold Scalper V2 |
|---|---|
| Developer / Author | Edinburgh Algo |
| Execution Platform | MT4 Robot |
| Algorithmic Strategy | GRID |
| Verification Source | MYFXBOOK |
| Verified Total Gain | +305.0% |
| Monthly Growth Rate | +7.8%/mo |
| Maximum Drawdown | 5.5% |
| Profit Factor | 2.70 |
| Track Record Age | 148 monitored days |
| Live Broker Verification | Yes (Broker Connected) |
| Prop Firm Compatibility | No (Requires Custom Risk Filter) |
| Traded Instruments | GBPUSD |
| AI Trust Score | 71.1/100 (Grade B) |
| License Model | Free / Open Tier |
| Martingale Position Sizing | Disabled (Linear Risk) |
| Grid Position Scaling | Active |
| News Event Filter | Disabled |
| Last Audit Update | 2026-11-06 |
Prime Gold Scalper V2 achieves an AI Trust Score of 71.1/100 (Grade B). A MT4 grid system with a verified 305.0% gain and 5.5% max drawdown over 148 tracked days.
6 Grounded Analytical Pillars
Scoring Methodology →Formula
Live real account verified with external linkFormula
100 - (DD × 2.5) - 15 (Grid penalty)Formula
Calmar proxy (annualized gain ÷ max DD, capped at 6.0)Formula
148 / 730 days (full marks at 2 years)Formula
Normalized Profit Factor (PF 2.0 = 100, PF 1.0 = 0)Formula
Rating weighted by review count (capped at 50 reviews)✓ Cited Strengths (3)
- • Automated order routing on MT4 optimized for GBPUSD. [source: pros[]]
- • Controlled risk management maintaining peak drawdown at 5.5%. [source: pros[]]
- • Positive verified statistical expectancy with a 2.7 profit factor. [source: pros[]]
⚠ Cited Risks & Limits (2)
- • Requires constant low-latency VPS connectivity (<10ms). [source: cons[]]
- • Performance may fluctuate during major central bank interest rate shocks. [source: cons[]]
Trading Regime Suitability
| Deployment Scenario | Suitability | Audit Basis |
|---|---|---|
| Prop Firm Challenges | ◐ Conditional | Evaluated for prop terms (Max DD: 5.5%) |
| Long-Term Portfolio | ✓ Suitable | Grid positioning with linear scaling |
| News Event Trading | ✗ Unfiltered Volatility Risk | Based on news filter status |
| Swing vs Scalp Profile | ◐ Scalping Profile | Timeframe: Discretionary on GBPUSD |
3 Rule-Based Risk Guardrails
Linear or fixed lot sizing protects equity from compounding tail risk.
Broker-connected live telemetry verified via MYFXBOOK.
Drawdown maintained within conservative equity risk limits.
How Prime Gold Scalper V2 Works
Strategy ArchitecturePrime Gold Scalper V2 is an audited algorithmic Expert Advisor on MT4. It delivers +305.0% cumulative gain with a 2.7 profit factor across GBPUSD.
Standard 4-Step Verification & Deployment Protocol
Deploy MetaTrader (MT4) on a dedicated trading VPS close to your broker execution server for sub-5ms order latency.
Copy Prime Gold Scalper V2 file into the MQL Experts folder, restart MetaTrader, and allow automated live trading in options.
Attach to GBPUSD and configure conservative risk sizing (0.01 lot per $1,000 balance).
Confirm the terminal Algo Trading button is active and monitor initial trades via forward demo testing before capital scaling.
Verified Pros & Known Constraints
Pass-Through Audit✓ Verified Strengths (4)
- • Automated order routing on MT4 optimized for GBPUSD.
- • Controlled risk management maintaining peak drawdown at 5.5%.
- • Positive verified statistical expectancy with a 2.7 profit factor.
- • Dynamic trailing stop loss and slippage protection filters.
⚠ Risk Factors & Limitations (2)
- • Requires constant low-latency VPS connectivity (<10ms).
- • Performance may fluctuate during major central bank interest rate shocks.
Frequently Asked Questions
Rule-Based Q&AIs Prime Gold Scalper V2 prop-firm safe? ▼
Prime Gold Scalper V2 is not recommended for prop firm challenges without custom risk limiting, as its historical drawdown of 5.5% may breach standard daily or maximum loss limits.
What timeframe does Prime Gold Scalper V2 work best on? ▼
Prime Gold Scalper V2 operates on GBPUSD, typically evaluated across M5, M15, or H1 charts depending on your broker spread and latency profile.
Does Prime Gold Scalper V2 use high-risk martingale or grid sizing? ▼
Prime Gold Scalper V2 uses grid-based order scaling without aggressive martingale doubling, helping maintain structured position recovery.
How is the performance of Prime Gold Scalper V2 verified? ▼
The track record of Prime Gold Scalper V2 is verified on a live broker account via MYFXBOOK, reporting 305.0% total gain over 148 days.
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StriveAlgo Research Desk
Quantitative research team auditing algorithmic trading systems across Myfxbook, MQL5 Market, and TradingView.