GTX Scalper EA v1.2

$15.00
Save $235

Original price: $250

Content: Expert: GTX Scalper MT4_1.2_fix.ex4 (Unlocked for MT4 Build 1420+), How to install MT4 files.pdf

Automated, highly accurate trading advisor for trading the EURUSD currency pair.

Requirements:

Trading pair: EURUSD
Working timeframe: 1H
Minimum deposit: $100
Leverage: preferably 1:100 or more
Trading conditions: preferably ECN accounts with low spreads.

Inputs:

Trade settings

Magic Number=375 – Unique number of the advisor’s orders.
Slippage=3 – Maximum slippage filter when opening an order.
MaxSpread=0 – Maximum spread filter, use if necessary.
Comment=”GTX” – Comments on the EA’s orders.
Lot Type=AutoLot – Selection of lot type, automatic or fixed.
Lot size/percent Lot=0.2 – Auto lot size, recommended maximum value is 0.2 for a leverage of 1:500, 0.15 for a leverage of 1:300, 0.07 for a leverage of 1:100 and no more than 0.02 for a leverage of 1:30.
Take Profit=0 – Take profit is not used by default, but you can use it if necessary.
TrailingStop=22 – The size of the trailing stop, increasing the parameter is undesirable, sometimes it is even desirable to reduce it to 19 if an ECN account is not used.
Stop Loss=0 – Not used by default, since the loss is controlled by the maximum drawdown. But, if necessary, it can be used. It is recommended to bet at least 700 points.
Max DD,%=0 – Must be set based on test results. Test the advisor in the tester and determine the maximum drawdown, then set the desired drawdown 3-10% higher than the measured one. If you need to reduce the drawdown, this can be done by reducing the auto lot value. For advisors working for brokers with a low spread and an auto lot of 0.2, the average drawdown is about 35%.
Trading Time=”00:00-23:59″ – Set the desired trading time.
Trade on Friday=true – If necessary, you can limit the work of the adviser on Friday.

Strategy 1 – 12 settings

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Visual settings

ColorScheme=true;
ShowPanel=true;
Panel size=12;
Text size=11;

Closing unprofitable orders.

To close unprofitable orders, the advisor uses 1 or 2 additional orders with an increased lot size. By default, a multiplier of 2 is used for the first order, and a multiplier of 1 for the second. Additional orders are opened when a signal about a trend change appears, and their opening is not tied to a distance. For safe operation of the advisor, you need to use the recommended lot size based on the size of your trading leverage. With a trading leverage of 1:500 and an auto lot of 0.15, the advisor can withstand drawdowns of up to 3000 points.