EA Name: Advanced Gold Scalper
1. Link on MQL5 Market
MT4: https://www.mql5.com/en/market/product/77878
MT5: https://www.mql5.com/en/market/product/80653
2. Recommend and Set file:
Advanced Gold Scalper is an EA optimized for scalper gold. Therefore, I would recommend trading only gold as a priority.
Pairs: XAUUSD
How to Set Up EA correct:
+ First, you will need set up News Filter before attach EA on chart. More details at here
+ Second, you will need load this set file below. Please choose what set file suit with your trading style
CAUTION: News Filter can not back testing. This will cause back testing results to be inaccurate, because News Filter will help EA remove bad trades to limit Drawdown. You can read How News Filter protect your deposit here
A little explanation on how to open and close an order of Advanced Gold Scalper for everyone to understand and control it better:
1. Open trades: The EA will open an order when there is a signal along with the first order signal. For example, the first order is a Buy order, then when there is a signal to open the next Buy order (based on the price action of the candle), the EA will continue to open a Buy order and form a chain of many orders. It is different from Grid strategy, when the EA will open orders only according to an available distance and combine with martingale. Opening orders according to Price Action helps the EA not to use martingale to close the order chain.
Pay attention to the “Dynamic” setting in the Setting, as that is the parameter that allows the EA to open orders. The higher the Dynamic, the more difficult the condition for opening orders according to the signal. And vice versa, if you do not want to wait, adjust the Dynamic low. In the current M5 file set, I’m setting Dynamic = 55 (2 digits), and 550(3 digits). You can base it up or down depending on what you want.
2. Close trades: EA will close orders according to 3 parameters Take Profit, Trail Step and Trail Start. Sometimes the EA has opened multiple orders on price action signals and you feel satisfied with a positive profit. Let’s reduce Take Profit in half to help the EA close orders faster without waiting to reach the original Take Profit level. This is up to your preferences, account size and wishes: Want to keep the order series for more profit or want the EA to close orders quickly to open new orders
Set file:
From Advanced Gold Scalper 4.0, i recommend to use Default Setting:
+ Time Frame: M15
+ Minimum Deposit: $200/0.01 lot
+ Recommend Deposit: $500/0.01 lot for Autolot
Default setting will suit with all brokers and any GOLD digits.Note that don’t load the old set file for this new version
3. FAQ
– What is Gold Digits ?
Digits means the number of digits after the decimal point. Example: If gold is 1935,492 means 3 digits, gold is 1935.49 means 2 digits
– Why is EA not running ?
First, you should check that is News Filter working well ?
Second, if News Filter work well. You need to see if the EA is pause because of the news filter by looking at the information in News Info. I encourage us to stop EA only before High Impact News
For my contact:
You should first send me a friend request on MQL5, this will make it easier for me to connect and best support you with technical issues: https://www.mql5.com/en/users/tuanthang
– Join our Telegram Channel for new updating: https://t.me/forexeatradingchannel
– Recommended ECN Broker for EA – Tickmill: https://bit.ly/AdvancedTickmill
– Recommended Cent/Micro Account Broker for EA – Roboforex: https://bit.ly/AdvancedRoboforex
– To use an EA you need a VPS. Recommended VPS for EA – Chocoping: https://bit.ly/AdvancedVPS. When you open the account type in the discount code to get 10% off: THANGEA10
– If you want to ask me any question or join our private group chat for traders. Please contact me through Telegram: https://t.me/thangforex
