GTX Scalper

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

Signal: https://www.mql5.com/en/signals/2129200

Advantages:

1. The advisor uses an intelligent system for closing unprofitable orders.
2. There is a news filter and a trading time filter.
3. It is possible to test the news filter in the tester (to do this, contact me and I will send you the news file required for testing).

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 autolot 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.

• News filter settings

Use News filter=false – Enable and disable the news filter.
Medium Impact News=true – Enable or disable the average news filter. When using a filter, it is advisable to activate this option, since the influence of average news is greater than that of important ones.
High Impact News=true – Enable or disable the important news filter.
Pause before News, minutes=35 – A pause before News . Since the advisor opens orders when a new candle opens, a pause of 35 minutes is sufficient.
Pause after News, minutes=35 – A break in opening orders after news.
Draw lines on the chart=true – Enabling or disabling the display of news on the chart.
Close orders before news=false – Activation of the function of closing orders before news. Using this parameter is not recommended because it does not give good results during testing.

• 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 a size 2.5 times larger than the previous orders. Additional orders are opened when a signal about a trend change appears, and their opening is not tied to the distance. Therefore, you need to use the recommended lot size for your leverage. With a leverage of 1:500 and an auto lot of 0.15, the advisor can withstand drawdowns of up to 3000 points or more.