The Goat Scalper

The Goat Scalper EA: Your Key to Capitalizing on Market Movements

Overview: The Goat is a cutting-edge scalper Expert Advisor (EA) designed to harness significant market movements with precision. Unlike other EAs that rely on risky strategies like hedging, martingale, grid, or arbitrage, The Goat employs breakout strategies based on key supply and demand levels.

Key Features:

• Risk Management:

  • Stop Loss Protection: Every open position is protected by a Stop Loss to minimize potential losses.
  • Trailing Stop: This feature allows the EA to secure profits by trailing the market, maximizing gains while reducing risk exposure.

• Performance:

  • Stable Results: The Goat consistently delivers stable and verifiable results, avoiding manipulated backtests and unrealistic performance figures.

• Settings:

  • Timeframe Optimization: Specifically designed for the H1 timeframe.
  • Preset Configurations: Use the preset settings found in the comments (refer to Comment #2: PRESET) for optimal performance. Future updates will include customizations for additional currency pairs.

Technical Requirements:

• Account Specifications:

  • ECN Account: Recommended for best performance.
  • Low Spreads: Ensure your account has low spreads and no restrictions on stop/limit levels.

• Execution Environment:

  • VPS with Low Latency: A Virtual Private Server (VPS) with latency below 10-15 ms is recommended to significantly improve performance.
  • Stable Connection: Reliable connectivity to your broker’s server is essential for optimal results.

• Data and Testing:

  • EVERY TICK Data: The EA is modeled using EVERY TICK data, ensuring high accuracy.
  • High Modeling Quality: A minimum of 99.0% modeling quality is required for effective testing.

Recommendations:

• Timeframe:

  • H1 Timeframe: Best results are achieved on the H1 timeframe.
  • M5 Timeframe: Use this aggressive mode for more dynamic trading.

• Currency Pairs:

  • Optimal Performance: Excels with XAUUSD.
  • Additional Pairs: Also performs well with GBPUSD and EURUSD.

• Risk Parameters:

  • Customizable Risk Levels: Adjustable via the "RiskLevel" parameter to match your trading preferences.

Embrace the power of The Goat Scalper EA to navigate and capitalize on market movements with confidence and precision. For best results, follow the recommended settings and ensure your trading environment meets the specified requirements.

Testing Differences:

1. Every Tick:

   • Data Generation: Generates both OHLC (Open, High, Low, Close) and intermediate data for each M1 (one minute) candle. This can result in up to 12 data points per candle.
   • Accuracy: This method is highly accurate when real tick data is unavailable, as it provides a comprehensive simulation of market conditions. However, it is time-consuming because of the large amount of data generated and processed.

2. Every Tick Based on Real Ticks:

   • Data Usage: Utilizes actual tick data provided by the broker, which makes it the most accurate method for reflecting true market conditions.
   • Dependence on Data: The accuracy of this method depends heavily on the availability and completeness of historical tick data from the broker. If the broker provides comprehensive and sufficient historical data, this method will yield the most realistic testing results.

Conclusion:

• General Recommendation: For most scenarios, using "Every Tick" is the most effective approach when real tick data is unavailable or incomplete. It ensures a high level of accuracy in testing despite being more time-intensive.
• Optimal Scenario: If you have access to complete and comprehensive real tick data from an external provider or broker, "Every Tick Based on Real Ticks" would be preferable due to its ability to replicate real market conditions more accurately.

This information aligns with the detailed insights from MetaTrader 5's strategy optimization and testing documentation, as well as discussions from MQL5 forums where experts elaborate on the differences and applications of these testing methods​ (MetaTrader)​​ (MQL5 Community)​​ (MetaTrader)