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Content: Expert: GTX Scalper MT4_1.2_fix.ex4 (Unlocked-Unlimited), NO MANUAL.
Automated High-Accuracy Trading Advisor for EURUSD
Automated High-Accuracy Trading Advisor for EURUSD⚙️ Overview
This automated Expert Advisor (EA) is designed for precision trading on the EURUSD currency pair using the 1-hour (H1) timeframe. Engineered for traders seeking a reliable, hands-off solution, this advisor combines advanced market algorithms with smart risk management to optimize profitability and control drawdowns effectively.
💡 Key Trading Requirements
Trading Pair: EURUSD
Working Timeframe: 1 Hour (H1)
Minimum Deposit: $100
Leverage: Recommended 1:100 or higher
Preferred Account Type: ECN broker accounts with low spreads for optimal performance
🔧 Core Input Settings
| Parameter | Description | Default / Recommended Values |
|---|---|---|
| Magic Number | Unique identifier for EA orders to prevent conflicts | 375 |
| Slippage | Maximum allowed slippage when opening an order | 3 |
| Max Spread | Maximum spread filter; set to 0 if unused | 0 (use only if necessary) |
| Order Comment | Label attached to orders placed by the EA | “GTX” |
| Lot Type | Choose between automatic lot sizing or fixed lot size | AutoLot |
| Lot Size/Percent Lot | Controls auto lot size based on leverage; adjust according to your broker’s leverage | 0.2 (for 1:500 leverage); adjust down accordingly: 0.15 (1:300), 0.07 (1:100), 0.02 (1:30) |
| Take Profit | Target profit in points; default is 0 (disabled) | 0 (disabled) |
| Trailing Stop | Size of trailing stop in points; recommended 19–22 depending on account type | 22 |
| Stop Loss | Stop loss in points; default 0 (disabled), recommended minimum if enabled is 700 points | 0 (disabled) |
| Max Drawdown % | Maximum allowable drawdown; set based on backtest results, typically 3-10% above measured max DD | 0 (set after testing) |
| Trading Time | Time during which the EA will trade | “00:00-23:59” (full day) |
| Trade on Friday | Enable or disable trading on Fridays | true |
🎯 Strategy Highlights
Closing Unprofitable Orders:
The EA uses 1 or 2 additional trades with increased lot sizes to close losing positions safely.First additional order multiplier: 2x lot size
Second additional order multiplier: 1x lot size
These orders trigger upon trend reversal signals, not based on fixed price distance.
Proper lot sizing according to leverage and account size is critical for safe operation.
⚠️ Important Recommendations
Leverage and Lot Size:
Use recommended lot sizes based on your broker’s leverage to minimize risk. For example, at 1:500 leverage, an auto lot of 0.15 is optimal.Drawdown Management:
The EA can handle drawdowns up to 3000 points with recommended settings, but real drawdown depends on market conditions and settings. Always backtest extensively.Broker Choice:
ECN accounts with low spreads are preferred to ensure optimal order execution and minimize slippage.Trading Hours:
Trading is enabled 24/7 by default, but you can restrict Fridays or other times if desired.
📊 Visual & Interface Settings
Color Scheme: Enabled (true)
Show Control Panel: Enabled (true)
Panel Size: 12
Text Size: 11
🛠️ Summary
This EA is a smart solution for automated EURUSD scalping and trend trading on the H1 chart. It incorporates a sophisticated system of order management and risk control, making it suitable for traders with moderate experience and above who want to automate their trading process effectively.
If you want, I can help you create:
Detailed setup instructions with screenshots
Optimization guides for various account sizes
Backtesting and forward testing tips
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