Golden Ratio Scalper EA #002
USD 4,500
One-time Payment
Included
- Golden Ratio Scalper EA #002
- EURUSD, GBPUSD, XAUUSD
- Tmeframe: M30 or H1
More details
- How to Use Golden Ratio Scalper EA
- 1. Applying to Chart
- 1. Choose a trading pair (recommended: EURUSD, GBPUSD, XAUUSD for initial testing)
- 2. Recommended timeframe: M30 or H1
- 3. Drag EA onto the chart → make sure “Allow Algo Trading” is enabled
- 4. Adjust parameters if needed
- 2. Key Parameters
- Moving Averages (Trend Filter)
- • InpFastMAPeriod (default 21) → short-term trend
- • InpSlowMAPeriod (default 55) → long-term trend
- Condition: Fast MA > Slow MA = Buy bias, Fast MA < Slow MA = Sell bias
- Fibonacci Retracement
- • EA finds the most recent swing high/low within InpSwingLookbackBars
- • InpUseFib382 / 500 / 618 → enable which retracement levels to use
- • InpFibTolerancePips (default 5) → tolerance in pips for Fib “touch”
- Pivot Points (Confluence)
- • Uses previous day’s pivots (P, S1–S3, R1–R3)
- • InpPivotProxPips (default 10) → distance from pivot to count as valid
- Risk Management
- • InpUseFixedLot = true → fixed lot size (InpFixedLot)
- • InpUseFixedLot = false → lot size calculated from risk % (InpRiskPercent)
- • InpSLBufferPips (default 5) → extra buffer for stop loss beyond swing
- • InpTP_RR (default 2.0) → target TP = Risk × RR
- Breakeven & Trailing Stop
- • InpEnableBE = true → enable breakeven
- • InpBE_Trigger_RR (default 1.0) → move SL to BE at 1:1 RR
- • InpBE_LockPips (default 2) → lock small profit beyond BE• InpEnableTrail = true → enable trailing stop
- • InpTrailDistancePips (default 15) → trailing distance
- 3. Entry Rules
- 1. Trend Filter:
- o Fast MA > Slow MA = Buy only
- o Fast MA < Slow MA = Sell only
- 2. Price touches a Fibonacci level (382, 500, 618 if enabled)
- 3. Price is near a Pivot Point (S/R) within the set tolerance
- 4. Candle closes above FastMA (for Buy) or below FastMA (for Sell)
- 5. SL is placed beyond the swing ± buffer; TP = Risk × RR
- 4. Best Practices
- • Always Backtest first in MT5 Strategy Tester
- • Start on Demo account before going live
- • Tune InpFibTolerancePips and InpPivotProxPips based on market volatility
- • Works best during London & New York sessions (high volatility)
- • Always keep SL & TP enabled (EA sets automatically)