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PZ Goldfinch Scalper EA

0.00

This is the latest iteration of my famous scalper, Goldfinch EA, first published almost ten years ago. He scalps the market at a
sudden increase in volatility that occurs in short periods of time: he assumes and tries to benefit from the
inertia of price movement after a sudden acceleration of the price. This new version has been simplified to allow the trader to easily use
the tester optimization feature to find the best trading parameters. [

Installation Guide |
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  • Simple input parameters for easier optimization
  • Customizable Trade Management settings
  • Choosing a trading session
  • Choosing the day of the week
  • Money Management

Scalpers from ticks are dangerous because many factors can destroy the result. Variable spreads and slippage reduce the mathematical
expectation of a trade, a low density of ticks from a broker can lead to phantom trades, the stop level undermines your ability to make
a profit, and network latency means requotes. Caution is recommended.

  • The EA uses only tick data. Please test in the “every tick” mode.
  • It doesn’t use HLOC (high – low – open – close) data at all
  • The timing of trading does not matter

[spoiler title=”Read More…”]

  • Trigger: The price movement required to open a trade, in pips. (default = 10)
  • Min Time Window: minimum time for price movement. (default = 3)
  • Maximum time window: maximum time for price movement. (default = 10)
  • Breakeven: Pips in profit to break even. Zero means disabled.
  • Break-even behavior: Choose either
    a) Move the SL to open the price or
    b) Provide half
    profits from trading
  • Trailing Stop: Trailing stop for trades expressed as% of trading profit at that time
  • Trailing step: minimum increment in the stop loss order.
  • Stop Loss: Stop loss in pips should matter.
  • Take Profit: Take profit in pips. Zero means disabled.
  • Session Settings: enable/disable trading in Asian/American/European sessions
  • Day of the week settings: enable/disable trading on weekdays
  • Money Management behavior: choose any
    a) Automatic calculation of the lot size for each transaction or

    b) trade a manual lot for each transaction
  • Transaction risk: transaction risk expressed as% of the account balance
  • Manual Lot Size: manual lot for transactions
  • Complies with NFA / FIFO: allow trading this Expert Advisor on American brokers
  • User Comment: User comment on transactions
  • Magic Number: The number used by the Expert Advisor to sign and recognize their trades.
  • Slippage: maximum deviation in filling prices, in points.
  • Manual pip value: redefine the pip value for this symbol if necessary

[/spoiler]

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