GTX Scalper MT4: Highly Accurate Trading Advisor for EURUSD

Live Signal: GTX Scalper Signal

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 identifier for 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 values are 0.2 for leverage of 1:500, 0.15 for leverage of 1:300, 0.07 for leverage of 1:100, and no more than 0.02 for leverage of 1:30.
• Take Profit: 0 – Not used by default, but can be set if necessary.
• TrailingStop: 22 – Size of the trailing stop, reducing it to 19 may be preferable if not using an ECN account.
• Stop Loss: 0 – Not used by default, loss is controlled by maximum drawdown. Recommended setting is at least 700 points if used.
• Max DD,%: 0 – Set based on test results. Test the advisor to determine maximum drawdown, then set desired drawdown 3-10% higher. Reduce drawdown by lowering the auto lot value. Average drawdown for brokers with low spread and auto lot of 0.2 is about 35%.
• Trading Time: “00:00-23:59” – Set the desired trading time.
• Trade on Friday: true – Limit advisor’s activity on Fridays if necessary.

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 increased lot sizes. 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 trend change signal appears, not based on distance. For safe operation, use the recommended lot size based on your trading leverage. With a leverage of 1:500 and an auto lot of 0.15, the advisor can withstand drawdowns of up to 3000 points.