GT Scalper EA signals are formed by reversal points based on overbought and oversold zones. Profitable orders are closed using Trailing, but it is also possible to use Take Profit. To close unprofitable orders, it is possible to use Stop Loss or the recovery function. The recovery function opens one or a maximum of 2 additional averaging orders using an intelligent algorithm.

Attention!!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication.Also, please note that the name of the adviser has been changed, you can find the original name of the adviser in our telegram channel https://t.me/FX_VIP/2312

Backtesting:

Backtesting was not carried out as there are account signals from the author, detailed statistics

Settings:

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;

Conclusion:

The advisor’s trading monitoring looks impressive, there are also many good reviews on the official page where EA is sold, I haven’t yet had time to believe how it trades and decided to immediately publish it for your consideration, dear fellow traders.
In general, according to the description, this is a fairly stable scalper that does not use dangerous trading methods, such as martingale grid, etc. In addition, to test its work, a large deposit is not required, $ 100 will be enough for a start, if the advisor brings profit and having studied how it trades, you will see adequacy, then you can add funds to the deposit.

Functionality tested, in build 1420 working.

Reminder: As with every trading system, always remember that forex trading can be risky.  Don’t trade with money that you can not afford to lose.  It is always best to test EA’s first on demo accounts, or live accounts running low lotsize.  You can always increase risk later!

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