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Godzilla Scalper

The expert is a combination of two strategies , working hand in hand , one complementing the other.

The default settings are optimized for the EurUsd pair M5 Timeframe and the expert can be easily optimized using just "Open Price" mode because the opening and closing of trades take place only on new candle open (can be modified by setting "Trade On New Candle" parameter to "false" ).

Lot zise can be fixed (manual) or auto , calculated by the size of the account balance . If auto -lot size is used , the lot size is not lowered if "Keep Higher Lot" parameter is set to "true" .

If Auto_Lot feature is used Risk parameters should be lowered from 5 to 3 for lower leverage accounts . 

Profit and loss factor are calculated in accordance with lot size .

The expert has also a built-in safety feature if drawdown gets larger than a certain percent (input by user-preset to 50%) of the account balance .

If one of the two strategies starts opening orders , the other one waits until all orders are closed .

Godzilla Scalper is made up by 2 strategies , but using the same parameters .  If Auto Lot is set to true , then the first "Lots" parameter is disregarded , if Auto Lot is set to "false" then "Lots" is used for both strategies .
Lot size calculation : if "Risk S1" (risk set 1) is set to 20 and you have a 1000 $ account , then the computed lot size will be 0.20 lots , same calculation is applied to strategy 2 , if "Risk S2" = 10 , on a 1000 $ account , lot size will be 0.1 lots and it is diplayed on chart as a comment so that you know the size of the next lot size .

Then come the settings for the first strategy , which you can use or not use by setting "Use Set 1" to true or false .
By setting "Trade Long" or "Trade Short" parameters to true or false you can enable or disable longs or shorts on the first strategy .
The expert displays the red and blue lines as sell or buy levels of the 2 strategies and the trades are executed only if the candle closes above or bellow them , if the price just touches the line and returns quickly , trade is canceled .

Sell OffSet and BuyOffSet places the lines above or bellow the trade level calculated by the "Level" parameter . If the "Level" parameter is set to 350 for example , it calculates the highest and the lowest price of the last 350 candles from the chart. If you set the SellOffSet and BuyOffSet to zero you will see the actual trade levesl calculated by the "Level" parameter .
I made the offset parameters so that the trade levels can be optimized . BuyOffSet and SellOffSet can take both positive and negative values and they are set in points .

Stochastic Period , is used within the stochastic indicator so that the expert can change trade levels . the lower it is the faster it changes .

Profit factor and Loss factor are dependent on lot size , if profit factor is set to 2 and you use a 0.02 lot size , then the profit will be (if achieved) 0.02lots*100 *2profit factor = 4 $ ( or another currency). Calculation for Loss Factor is the same .

The second strategy has the same parameters , but different presets , in order to be able to work hand in hand with the first strategy .


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Blessing04
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Blessing04 2022.03.05 15:50 
 

what is the minimum deposit required in a real account?

Constantin Eduard Stefan
908
Reply from developer Constantin Eduard Stefan 2022.03.05 18:38
1000 USD/EURO
Reply to review
Version 1.2 2022.01.14
Corrected chart comment , not displaying right .
Version 1.1 2022.01.12
Added parameter for lot size multiplication : "Progressive Lot" . If true , next lot size will be , input lot size multiplied by the number of orders open .