IRON SCALPER LIVE is an advanced algorithmic trading bot designed for scalping in forex and precious metals markets, specifically optimized for pairs such as XAU/USD (Gold), EUR/USD, GBP/USD, USD/JPY, and EUR/JPY. It operates primarily on short timeframes including M1, M5 for pure scalping, and M15 for moderate scalping.

The bot integrates multiple technical indicators—EMA crossover for trend direction, RSI for momentum and overbought/oversold conditions, and Bollinger Bands for volatility and breakout detection. A confirmation system requires at least two out of three indicator signals to align before executing trades.

Risk management features include dynamic stop loss for capital protection, smart trailing stops to lock in profits, spread filters to avoid unfavorable market conditions, and daily trade limits to prevent overtrading. Scalping parameters are optimized with an 8-pip take profit, 15-pip stop loss, and a maximum spread of 12 pips, alongside controlled position sizing.

Users should import the bot into cTrader, configure parameters to their trading style, and test on a demo account before live deployment. The bot may delay trade execution while waiting for optimal market conditions based on its strategy parameters. Trading involves risk, and past performance does not guarantee future results.