Golden Scalper EA
- Experts
- Vladimir Shumikhin
- Version: 5.1
- Updated: 19 January 2025
- Activations: 10
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Golden Scalper EA is a fully automated trading advisor for MetaTrader 5, designed to maximize efficiency with minimal risks. It utilizes advanced algorithms for analyzing candlestick patterns and filtering signals through a moving average (MA). Golden Scalper EA combines powerful analytics with flexible settings, making it an indispensable tool for traders of all experience levels.
Advantages of Golden Scalper EA
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Powerful Candlestick Pattern Analysis
Recognizes 11 popular candlestick patterns:- Bullish Engulfing
- Bearish Engulfing
- Hammer
- Hanging Man
- Shooting Star
- Inverted Hammer
- Doji
- Morning Star
- Evening Star
- Piercing Line
- Dark Cloud Cover
Each pattern can be enabled or disabled to fit your strategy.
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MA Filter: Signal Filtering for Maximum Accuracy
- Buy Signal: Closing price is above the MA.
- Sell Signal: Closing price is below the MA.
Flexible Settings: Customize period, method (SMA, EMA), and price type.
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Reliable Risk Management
- Fixed lot size, balance percentage, or monetary equivalent.
- Trade limits and maximum drawdown control.
- Automatic margin checks.
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Profit-Enhancing Tools
- Trailing Stop and BreakEven to secure profits and minimize losses.
- Precise StopLoss and TakeProfit Levels for flexibility.
- Time and distance filters to prevent overtrading.
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Versatility and Simplicity
- Works on any asset: currency pairs (e.g., EURUSD, GBPUSD), gold (XAUUSD), metals, and CFDs.
- Recommended for timeframes M5 and above.
- User-friendly interface suitable for all traders.
Parameter Description
General Settings
- TimeFrame: Timeframe for analysis.
- MagicNumber: Unique trade identifier.
- OrderComment: Order comment.
- MainLogicPauseSec: Pause between signals.
Risk Management
- MaxDrawdownPercent: Maximum allowable drawdown (%).
- CloseAllOnDrawdown: Auto-close trades if drawdown limit is exceeded.
Filters
- MinDistanceBetweenOrders: Minimum distance between trades.
- MinTimeBetweenOrders: Minimum time interval between trades.
- MaxFilteredOrders: Max number of filtered trades.
StopLoss and TakeProfit
- StopLossPoints: StopLoss level (points).
- TakeProfitPoints: TakeProfit level (points).
Trailing Stop and BreakEven
- EnableTrailingStop: Activate trailing stop.
- TrailingStartPoints: Minimum profit for activation.
- EnableBreakEven: Move trade to breakeven.
Moving Average Filter
- MAPeriod: Moving average period.
- MAMethod: Calculation method (SMA, EMA).
- MAPrice: Price type used.
Limitations and Recommendations
- Demo Account Testing: Test the advisor thoroughly.
- Parameter Optimization: Customize settings such as StopLoss, TakeProfit, MA filters, and risk management.
- Risk Control: Keep risk per trade at 1-2% of account balance.
Golden Scalper EA is a professional trading tool to help you achieve financial goals with minimal effort.
Note: Test on historical data and demo accounts before live trading.