GTX Scalper Expert Version: 2.8
"The finest instrument ever engineered."
GTX is Forex trading advisor is specifically designed for trading the EURUSD currency pair. This high-precision tool analyzes the market using pivot points based on overbought and oversold zones. Equipped with 18 customizable strategies, it offers flexible optimization to suit various brokers.
Key Features
Multi-Strategy System:
18 unique strategies fully customizable to meet your needs.
Flexible Settings:
Options to use Trailing Stop, Take Profit, Stop Loss, or a Recovery function.
Intelligent Recovery Function:
Opens up to 2 additional averaging orders to minimize losses, with fully adjustable parameters.
Capital Protection:
A maximum drawdown parameter limits losses and safeguards your deposit.
Ready-to-Use:
Works out-of-the-box with pre-configured settings suitable for most brokers.
There is a news filter and a trading time filter.
Advanced Optimization:
Based on this advisor, we've developed an improved product, Cetus, which opens orders 40% more frequently while maintaining the same signal precision.
Live Performance Showcase:
See real-world trading results from an actual user displayed on this page.
How It Works
Analyzes overbought and oversold zones in the market.
Generates entry signals based on pivot points.
Manages orders using Trailing Stop or Take Profit.
Limits losses with Stop Loss or an intelligent recovery function.
Setup Guide
The advisor comes with pre-configured settings optimized for most brokers. For users looking to tailor it to their specific conditions, the following parameters are available:
Levels for Take Profit and Stop Loss.
Depth of the recovery function.
Customization for each of the 18 strategies.
Limits for maximum drawdown.
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;