GW AI Scalping
- Experts
- Amer Juabra
- Version: 1.4
- Updated: 29 June 2024
- Activations: 7
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Parameter Overview
GW AI Scalping (Gold Warrior) is a revolutionary trading bot designed to provide a robust and reliable trading strategy for the Gold market. Unlike many other bots that rely on risky grid/martingale systems, GW AI Scalping employs a sophisticated yet straightforward approach based on moving averages, momentum indicators, and Fibonacci levels.
Why Choose GW AI Scalping?
Most Gold trading EAs on the market use dangerous grid/martingale strategies that can lead to significant losses. These strategies might look good in backtests but often result in a margin call and complete account wipeout during live trading.
GW AI Scalping stands out by using a real trading strategy focused on breakouts of daily support and resistance levels, ensuring each trade is calculated, and risk is managed effectively.
Key Features
- EMA Crossover Strategy: Detects market trends using 10-period and 50-period EMAs.
- Momentum Indicator Confirmation: Ensures trades align with market strength.
- Bollinger Bands Validation: Verifies trends with price action against Bollinger Bands.
- Automatic Position Management: Includes stop loss adjustments and partial profit-taking.
- Fibonacci Level-Based Stop Loss: Optimizes risk management.
- Active Market Session Trading: Focuses on European and American sessions.
- Drawdown Protection: Implements strict drawdown limits.
- Adaptive Position Sizing: Adjusts position sizes based on market conditions.
- News Filtering: Filters out high-impact news events to avoid trading during volatile periods.
- Machine Learning Model: Utilizes a machine learning model trained from 2020 to identify chart patterns, making it a highly intelligent trading bot.
Inputs and Parameters
EMA Periods
- ema10Period : Period for the short-term EMA (default: 10)
- ema50Period : Period for the long-term EMA (default: 50)
Bollinger Bands
- bollingerPeriod : Period for Bollinger Bands calculation (default: 20)
- bollingerDeviation : Standard deviation for Bollinger Bands (default: 2)
Momentum Indicator
- momentumPeriod : Period for the momentum indicator (default: 14)
Stop Loss Management
- stopLossInTicks : Stop loss in ticks from the entry price
- trailingStopDistance : Distance for trailing stop (in points)
- fibonacciLevels[] : Array of Fibonacci levels used for stop loss adjustment (e.g., [0.236, 0.382, 0.5, 0.618])
Trading Sessions
- tradingAutoTiming : Enable automatic trading during European and American sessions (default: true)
- tradingStartTime : Custom start time for trading if tradingAutoTiming is disabled
- tradingEndTime : Custom end time for trading if tradingAutoTiming is disabled
Risk Management
- maxDrawdownPercent : Maximum allowable drawdown as a percentage of starting balance (default: 5)
- riskPercentage : Percentage of account balance to risk per trade (default: 1)
Volume and Position Size
- maxMarginPercent : Maximum percentage of account balance to use as margin (default: 10)
- orderBlockPeriod : Period for calculating order blocks (default: 20)
- partialTakeProfitRatio : Ratio for partial profit-taking (default: 50)
Setting Up the EA
Recommended Pair: XAUUSD/GOLD
Timeframe: 1M
Minimum Balance: $250 With 1:10 Minimum leverage OR $2500 With 1:1 Minimum leverage
- Open a gold chart on the 1-minute timeframe.
- Drag the EA to the chart.
- Set the lot size settings. For low balance accounts ($250-$400), it is recommended to increase the used margin due to their lower drawdowns.
- Set the risk per trade, starting with 1% risk. Adjust the risk as you become more comfortable.
Best Default Values:
- StopLossInTicks = 0
- TakeProfitInTicks = 200
- TradingStartTime = 1
- TradingEndTime = 23
- TradingAutoTiming = false
- RiskPerTradePercent = 2
- TrailingStopDistance = 20
- PartialTakeProfitRatio = 50
- OrderBlockPeriod = 1440
- LotSize = 0.01
- MaxDrawdownPercent = 5
- ATR_PERIOD = 14
- EMA_PERIOD = 5
- MaxMarginPercent = 10
- dynamicPositioning = true
- dynamicStopLossAndTakeProfit = true
- UseTrailingStopLoss = true
- YourBrokerFillingMode = FOK
- BB_Period = 20
- BB_Deviation = 2.0
- ATRMultiplier = 1.5
- RSIPeriod = 14
- VolumePeriod = 15
- VolumeThresholdPercent = 50.0
- maxDailyProfit = 0.0
- maxGeneralProfit = 0.0
- TimeZoneOffset = 2
Recommendations
- Backtesting and Demo Trading: It is highly recommended to backtest the EA and start on a demo account to get a feel for its performance during live trading.
- Broker Order Filling Mode: Please check your broker's order filling mode and adjust the input accordingly.
- High Leverage Adjustment: If you want to use very high leverage, please adjust the max drawdown percentage to prevent disabling the trading bot.
- Advanced Risk Strategy: To increase gains, you can increase the risk per trade percentage and the maximum margin from balance usage. Note that this will be riskier and may lead to a higher maximum drawdown of 10% - 15%. This strategy is not suggested for prop firm challenges.
- Prop Firm Challenge: If you plan to use the EA to pass a prop firm challenge account, please keep the default values and use a low-risk strategy to ensure a low maximum drawdown, minimizing the risk of losing the account.
If you have any questions regarding the EA or its setup, please contact me via private message.
Live results will be available soon!