Golden Cream Scalper
- Experts
- Andrii Soma
- Version: 1.0
- Activations: 10
The Golden Cream Scalper EA is a robust trading strategy designed to capitalize on daily market movements. It works exceptionally well with Gold (XAUUSD) but can be optimized for other symbols.
Performance and Pricing:
Starting Price: $99
Price Increment: The price will increase monthly by $100 in case of positive profits.
Max Price: $999
Works on standard account (no ECN needed)
Backtest Monthly Average Gain: 13%
Backtest Maximum Drawdown: Approximately 30% with default settings, ensuring a balanced risk-to-reward ratio.
It was optimized on a small amount of data (7 months of 2024), but the backtest shows great results on a long backtest run using real ticks.
Please contact me to get the set file or download from google drive.
Signal Link: Signal Link
How the Strategy Works:
- Order Placement:
- The strategy leverages market calmness before the US session to place two pending limit orders based on the day's high and low prices. This method ensures precise entry points and efficient profit management.
- Pending Orders:
- A Buy Limit order is placed at the low of the day.
- A Sell Limit order is placed at the high of the day.
- Trade Management:
- Each trade is protected with a Stop Loss (SL) to manage risk.
- When a pending order is triggered and the trade moves into profit, a trailing stop loss is applied to lock in profits.
- No more than two trades are executed per day, ensuring controlled and strategic trading.
- Closing Orders:
- Pending orders that are not triggered are automatically closed after a specified number of hours.
- All positions are closed at a predefined time to avoid overnight risk. (this is disabled in default settings by setting 24th hour, that will never comes. Change it to 23 if you want)
- TP, SL, Trailing TP calculation:
- All Take Profits (TPs) and Stop Losses (SLs) are based on the percentage of the gold price, ensuring that backtests with prices 2-3 times lower perform just as well as with current prices.
- If the gold price increases significantly, the input parameters remain effective and do not require adjustments.
Backtesting:
Simply run on XAUUSD using provided set file settings. Timeframe of the chart doesn’t matter.
Setup:
Attach the EA on XAUUSD chart provided set file. Timeframe of the chart doesn’t matter.
(!) ADJUST THE START HOUR IF YOUR BROKER TIMEZONE IS NOT GMT+2 (!)
Inputs Explained:
| Input | Description |
|---|---|
| Buy Position SL Percentage | Stop Loss percentage for Buy positions. |
| Buy Position TP Percentage | Take Profit percentage for Buy positions. |
| Sell Position SL Percentage | Stop Loss percentage for Sell positions. |
| Sell Position TP Percentage | Take Profit percentage for Sell positions. |
| Gap Percentage for Order Placement | Additional gap percentage for order placement between price extremums and pending orders. |
| Start Hour for Placing Orders | Hour to start placing orders. |
| Start Minute for Placing Orders | Minute to start placing orders. |
| Expiration Time in Hours for Pending Orders | Number of hours after which pending orders expire. |
| Hour to Close Open Positions | Hour to close open positions. |
| Minute to Close Open Positions | Minute to close open positions. |
| Magic Number | Unique identifier for the EA's orders. |
| Trailing Stop Loss Trigger Percentage | Percentage to trigger trailing stop loss. |
| Trailing Stop Loss Percentage | Trailing stop loss percentage. |
| Lot Size Calculation Method | Method for lot size calculation. |
| Fixed Lot Size | Fixed lot size. |
| Lot Size Step Value per 0.01 lot | Account balance step value for lot size calculation. Foe example, by default for each $100 of balance lot size is 0.01, i.e. 0.1 for $1000 |
| Only Up | If set to Yes, lot size does not decrease after a drawdown. |
| Delete Pending Orders After Execution | Whether to delete the 2nd pending order after execution of one of them. |
