Gold Scalper EA Version 4 GFv4 (by MellotoneSignals) Quick Stats
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Gold Scalper EA Version 4 GFv4 Discussion
MellotoneSignals

Member Since Jun 24, 2019  37 posts Mellotone (MellotoneSignals) Oct 01 at 19:09
Make sure you read the text files when downloaded

To get hold of the EA contact me @Ronwillson via telegram or via email Mellotonesignals@gmail.com
direct link: https://mellotonesignals.fetchapp.com/sell/23f679eb
EA costs $125 price will increase later

Trade like a sir; live like a sir
MellotoneSignals

Member Since Jun 24, 2019  37 posts Mellotone (MellotoneSignals) Oct 01 at 19:09
Absolute Minimum Deposit is 20 usd per running preset - Best spreads 20 or lower through the day
This EA is only made to trade on XAUUSD - GOLD
This set is 5x risk so it risks alot per position so be careful and i recommend not exceeding an initial deposit of 200 USD with 5x risk and once you make 100%
on a 50 USD deposit or more withdraw your initial deposit while using 5x risk although this EA has never blown the account with these settings (furthest i can backtest)

About this EA:
This EA uses ticks so it works on any timeframe it scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and
Tries to capitalize of inertia in price movement after a sudden price acceleration it's best to run on a vps
the EA doesn't require one but for the best results have a connection below 20ms delay i have tested this on high delays and it's still profitable so it should survive either way.
The best brokers to use are ECN enviroments like pepperstone razor accounts or icmarkets


Breakeven: Pips in profit to perform the break-even. Zero means disabled.
Breakeven Behavior: Choose either
a) Move the SL to open price or
b) Secure half the profits of the trade

Trailing Stop: Trailing stop for trades expressed in % of the trade profit at the time

Trailing Step: Minimum increment in the stop-loss order.

Stop Loss: Stop-loss in pips, must have value.

Take Profit: Take-profit in pips. Zero means disabled.

Session Settings: Enable/Disable trading on asian / america / europe sessions

Weekday Settings: Enable/Disable trading on weekdays

Money Management Behavior: Choose either

a) Auto-calculate lotsize for each trade or

b) Trade a manual lotsize on each trade

Risk Per trade: Risk per trade expressed as % of the account balance

Manual Lot Size: Manual lot for the trades

NFA/FIFO Compliant: Enable to trade this EA on US Brokers

Custom Comment: Custom order comment for the trades

Magic Number: Number used by the EA to sign and recognize its trades

Slippage: Maximum deviation in filling prices, in points.

Manual Pip Value: Override the value of a pip for this symbol, if needed

Trade like a sir; live like a sir
sirius1fx

Member Since Oct 23, 2012  344 posts sirius1fx (sirius1fx) Oct 02 at 16:19
this here wont work unless you got FIX API connection, too much slippage..

if you follow the flock like sheep you always end up stepping in shit!
MellotoneSignals

Member Since Jun 24, 2019  37 posts Mellotone (MellotoneSignals) Oct 02 at 21:30
@sirius1fx you need a vps with low delay 20ms or less will perform best

Trade like a sir; live like a sir
Afron

Member Since Aug 09, 2019  13 posts Afron Oct 03 at 06:39
What's wrong with your account? Update account is stop.

https://www.myfxbook.com/members/MellotoneSignals/gold-scalper-real-mt4/3526666

jamesgwyther

Member Since Aug 05, 2017  262 posts jamesgwyther Oct 04 at 15:59
MellotoneSignals posted:
Make sure you read the text files when downloaded

To get hold of the EA contact me @Ronwillson via telegram or via email Mellotonesignals@gmail.com
direct link: https://mellotonesignals.fetchapp.com/sell/23f679eb
EA costs $125 price will increase later


Is this doing well?

Penhali

Member Since Sep 04, 2019  2 posts Penhali Oct 07 at 08:33
can't see any performance, any update?

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.