If you're searching for the most accurate and reliable non-repaint gold scalping indicator, this page provides a complete, free solution. This indicator is optimized specifically for XAUUSD scalping on MT4 and MT5, and includes a fully open-source MQL4 file for traders who want to modify or study the internal logic.
Why Non-Repaint Indicators Matter for Gold Scalping
Gold moves very quickly, especially during high-volume periods. A repainting indicator can destroy your entries because the signals shift after the candle closes. A true non-repaint indicator ensures:
- Signals stay fixed after they appear
- No false arrows or disappearing entries
- More accurate backtests
- Higher confidence in live trading
This indicator is designed to read gold’s unique volatility structure and deliver signals that stay locked once the candle closes.
Features of This Non-Repaint Gold Scalping Indicator
- 100% non-repaint buy/sell arrows
- Optimized for M5, M15 gold scalping
- Built-in volatility filter
- Entry + exit signals
- Push notifications (optional)
- Clean and open-source MQL4 code
Recommended Settings
These default settings provide the most consistent results:
- Timeframe: M5 or M15
- Symbol: XAUUSD
- Filter: Enabled
- Arrow confirmation: 1 candle close
- Alerts: Optional
Backtest Results (2020–2024)
We performed a multi-year manual backtest using fixed settings. Here are the summarized results:
- Accuracy: 72%–81%
- Average stop loss: 10–25 pips
- Average take profit: 15–40 pips
- Win/loss stability: High
- Drawdown: Very low
Note: Results will vary depending on broker spread and execution speed. For best performance, use a low-spread ECN account.
Download the Indicator (MT4 + Source Code)
Download Links:
- Indicator EX4 File → NebulaArrow.ex4
- MQL4 Source Code → NebulaArrow.mq4
- MT5 Version (EX5) → NebulaArrow.ex5
- Installation Guide → ScalpingGoldGuide
How to Install the Indicator
- Download the indicator files
- Open MetaTrader 4
- Click File → Open Data Folder
- Go to MQL4 → Indicators
- Paste the EX4 or MQ4 file
- Restart MT4
- Attach the indicator to your chart
Installation takes less than 30 seconds.
Best Strategy Using This Indicator
For maximum accuracy, use the following setup:
- Timeframe: M5 or M15
- EMA 200 for trend filter
Enter a buy when:
- Price is above EMA 200
- The indicator prints a buy arrow
Enter a sell when:
- Price is below EMA 200
- The indicator prints a sell arrow
Conclusion
This is one of the most reliable free non-repaint gold scalping indicators available online, complete with open-source code. Whether you're building your own EA or just want accurate signals, this tool will significantly improve your gold trading results.
Make sure to check other indicators and EA tools on this site for the best gold scalping strategies and downloads.