GTX Scalper EA is an automated trading system tailored for the EURUSD currency pair. Powered by sophisticated algorithms, it seeks to enhance trading performance and manage risk efficiently, aiming for consistent outcomes. The EA includes a news filter and a trading time filter, enabling traders to adjust the robot’s actions based on market news and specific trading hours. Featuring a user-friendly interface and advanced algorithmic features, GTX Scalper EA is designed to offer a competitive advantage in the dynamic Forex market.
Introduction
Category – Expert Advisor (EA Robot )
Version – V1.2
Build – 1420+
Platform – Metatrader
The GTX Scalper EA for MT4 utilizes an advanced scalping strategy on the 1-hour (1H) timeframe. By incorporating powerful technical indicators and accurate input settings, it identifies the best entry and exit points within the EURUSD market, aiming for optimal trading opportunities.
Key Features of GTX Scalper
- Smart Loss Closing System: Utilizes advanced algorithms to strategically close losing trades, helping to manage and reduce risk effectively.
- News Filter and Trading Time Filter: Offers sophisticated filtering options that enhance trading strategies by controlling the impact of news events and specific trading hours.
- News Filter Testing Capability: Allows traders to test the effectiveness of the news filter in a simulated environment, ensuring optimal performance prior to live use.
Settings
Platform: MetaTrader 4 (MT4)
Time Frame: 1-Hour (H1)
Minimum Deposit: $100
Currency Pair: EURUSD
How to Install and Set Up GTX Scalper?
To install and set up GTX Scalper EA on MetaTrader 4 (MT4):
- Download the EA and save the .ex4 file.
- Open MT4, then go to File > Open Data Folder > MQL4 > Experts.
- Paste the EA file into the Experts folder.
- Restart MT4 and go to the Navigator window.
- Drag and drop the EA onto an EURUSD chart.
- Configure settings (lot size, stop loss, etc.).
- Enable Auto Trading by clicking the Auto Trading button.
- Monitor the EA and adjust settings if needed.
Now the EA is ready to trade on EURUSD!
Performance Analysis
Demo Account Testing
Forex is Risky: Always remember that trading in the forex market carries significant risk. It’s important to test your EA thoroughly before trading with real money.
Test on a Demo Account: Start by using the EA on a demo account to observe its behavior and performance without risking real funds.
Open a Real Account: Once you’re comfortable with the EA’s performance and have a solid understanding of its behavior, you can open a real trading account.
Start with Real Money: After gaining confidence from your demo account testing, you can begin trading with real funds. Always start cautiously and manage your risk appropriately.