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GodFather Scalper

GodFather Bot Scalper: The Ultimate Trading Companion

Greetings, fellow traders and enthusiasts! Welcome to the dynamic world of "GodFather Bot Scalper." In this detailed exposition, we will navigate through the intricate features of this extraordinary Expert Advisor (EA), carefully designed for the MetaTrader 4 (MT4) trading platform.


RECOMMENDED PAIR : 

EUR/USD

RECOMMENDED TIMEFRAME: 

5 MINUTES


Special Limited-Time Opportunity:

Seize the moment! Be among the first 5 (Buying 0/5) to take advantage of this unique opportunity, and not only will you acquire a top-notch trading algorithm, but you'll also enjoy an exclusive discount. Don't hesitate; this could be your key to trading success with just a few clicks. Grab it now and get ready to elevate your trading experience! Note: This offer is exclusively available for the first 5 buyers. Don't miss out on this unique opportunity!

Enhance Your Strategy with Price Action Trading:

"GodFather Bot Scalper" goes beyond being just an Expert Advisor; it's a reliable companion on your journey to trading success. With a well-defined strategy, precise risk management, and robust trailing stop functionality, this EA is designed to assist you in achieving your financial goals in the trading world. Take control of your trading with "GodFather Bot Scalper" and explore the potential you've always sought.


A notable feature of "GodFather Bot Scalper" is its focus on risk management. The EA allows you to set your desired risk level and automatically calculates lot size based on your capital and risk profile, giving you full control over your capital and protecting it from market fluctuations. (In the next Upgrade)


Discover Opportunities in Trending and Expansive Markets:

The mission of "GodFather Bot Scalper" is clear: to optimize trading results and minimize losses. This EA adopts a dynamic approach to identify trading opportunities (Tick Scalper), using specific criteria for opening and closing positions. The primary goal is to ensure that each trade is executed with care and precision, eliminating uncertainties.


INPUT PARAMETERS


Configuration:

  • ReverseTrade: If TRUE, trades in the opposite direction.
  • Magic: If set to a number less than 0, calculates MagicNumber automatically.
  • OrderCmt: Trade comments that appear in the Trade and Account History tab.
  • ECN_Mode: True for brokers that don't accept SL and TP to be sent at the same time as the order.
  • Debug: Prints huge log files with info, only for debugging purposes.
  • Verbose: Additional information printed in the chart.

Trading Settings:

  • MaxSpread: Max allowed spread in points (1 / 10 pip).
  • MaxExecution: Max allowed average execution time in ms (0 means no restrictions).
  • MaxExecutionMinutes: How often in minutes fake orders are sent to measure execution speed.
  • StopLoss: StopLoss in points. Default 60 (= 6 pips).
  • TakeProfit: TakeProfit in points. Default 100 (= 10 pip).
  • AddPriceGap: Additional price gap in points added to SL and TP .
  • TrailingStart: Start trailing profit in pips. Default 23.
  • Commission: Some broker accounts charge commission in USD per 1.0 lot. Commission in dollar.
  • Slippage: Maximum allowed Slippage in points.
  • MinimumUseStopLevel: Minimum stop level.

Volatility Settings:

  • UseDynamicVolatilityLimit: Calculate VolatilityLimit .
  • VolatilityMultiplier: Dynamic value, used if UseDynamicVolatilityLimit is set to TRUE.
  • VolatilityLimit: Fix value, used if UseDynamicVolatilityLimit is set to FALSE.
  • UseVolatilityPercentage: If true, price must break out more than a specific percentage.
  • VolatilityPercentageLimit: Percentage of how much iHigh-iLow difference must differ from VolatilityLimit.

Indicator Settings:

  • UseIndicatorSwitch: Switch User indicators.
  • Indicatorperiod: Period in bars for indicators.
  • BBDeviation: Deviation for the iBands indicator.
  • EnvelopesDeviation: Deviation for the iEnvelopes indicator.

Money Management:

  • MoneyManagement: If TRUE, calculates lot size automatically based on Risk. If FALSE, uses ManualLotsize.
  • MinLots: Minimum lot size to trade with.
  • MaxLots: Maximum allowed lot size to trade with.
  • Risk: Risk associated with lot sizes (percentage of own capital).
  • ManualLotsize: Manual lot size to trade with if MoneyManagement is set to FALSE.
  • MinMarginLevel: Lowest allowed Margin level for new positions to be opened.

Other:

  • TakeShots: Save screen shots on STOP orders?
  • DelayTicks: Delay so many ticks after a new bar.
  • ShotsPerBar: How many screen shots per bar.
  • DisplayGraphics: Colors for sub_Display at upper left.
  • Heading_Size/Text_Size: Font size for headlines and texts.
  • Color_Heading/Color_Section1/Color_Section2/Color_Section3/Color_Section4: Colors for text lines.

Recommended Brokers:


We highly recommend using regulated brokers to ensure a safe and reliable trading environment.

"GodFather Bot Scalper" is compatible with various brokers; we strongly recommend brokers with low spreads and reduced slippage.


Recommended VPS:


To ensure uninterrupted operation of your Expert Advisor, we highly recommend using a Virtual Private Server (VPS) service. These services allow your algorithm to run 24/7, ensuring a stable connection and reduced latency. It's a reliable choice for traders seeking quality VPS hosting based on compatibility with their broker.

"GodFather Bot Scalper" is an incredibly intuitive Expert Advisor (EA), suitable for lower timeframes with various strategies.


Note: Prior to using any EA, it’s crucial to fully comprehend its logic, thoroughly test it on a demo account, and evaluate its performance for informed trading decisions. Trading carries inherent risks, and past results do not guarantee future outcomes. Ensure you understand the risks associated with trading before using any Expert Advisor.



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