Question 1

What type of strategy does Mon Scalper MT4 use?

Accepted Answer

It is a dual-trendline breakout strategy specifically optimized for Gold (XAUUSD) on M15. It uses two trendlines (periods 3 and 6) to confirm strong trends and capitalize on breakout momentum.

Question 2

Is it safe to use?

Accepted Answer

Yes. It strictly avoids Grid and Martingale methods. It uses automatic Stop Loss and Trailing Stop, and limits trading to a maximum of 2 open positions at the same time.

Question 3

What is the risk level?

Accepted Answer

Low to Medium — thanks to the controlled position limit (max 2 orders) and automatic trailing stop. The default 3% risk setting is reasonable, but you can adjust it according to your preference.

Question 4

Why are the trendline periods set to 3 and 6?

Accepted Answer

These short periods are designed to capture fast trend changes and breakouts typical in Gold trading on the M15 timeframe.

Question 5

Can I use fixed lot instead of risk percentage?

Accepted Answer

Yes. You can switch the money management method to Use a fixed trading volume and set your preferred lot size (default 0.01).

Question 6

Is it suitable for beginners?

Accepted Answer

Yes. With its clear dual-trendline logic, automatic risk management, and position limit, it is relatively beginner-friendly for Gold trading. Always test on a demo account first.

Mon Scalper MT4Premium

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