WE HAVE DISABLED THE ADD TO CART BUTTON, BECAUSE THIS EXPERT ADVISOR IS NO LONGER WORKING, PLEASE SEARCH FOR ( TESTED ON 1420 ) IN THE MENU, THOSE ARE THE ONLY EAS CURRENTLY WORKING FOR MT4. ANYWAY WE ARE WORKING TO RECOMPILE AND MAKE THEM WORK AGAIN SOON.
GerFX Density Scalper MT4 is a mean reversion system during the quiet hours of the day. It is similar to QuantFlow Scalper but optimized in a few ways to reduce slippage. For example, the entry logic was reduced to make the calculation faster and the exit is done via take profit orders, which can even lead to positive slippage.
Additionally, it offers various paramters for optimization of entry conditions and other improvements.
It does not use martingale or grid and has a stop loss for every position.
Symbols
EURUSD
GBPUSD
EURCHF
USDCHF
USDCAD
EURCAD
EURAUD
AUDUSD
AUDNZD
AUDCAD
CHFJPY
Experimental
USDJPY
EURJPY
EURGBP
EURNZD
GBPAUD
NZDUSD
NZDCAD
Time frame M5
Max. drawdown in 16 year backtest: $35-50 per 0.01 (depending on number of pairs)
If GMT auto settings are used, the EA will automatically try to detect the GMT offset. Best double check it manually when used the first time.
The EA should run on a VPS continuously without interruption (also Friday evening) to store the historic data.
Please allow web requests to the following URLs for the calendar news filter and automatic GMT offset calculation:
http://fxdata.cc
http://backup.fxdata.cc
http://breaking.fxdata.cc (only needed if you use the breaking news filter)
Ideally, backtests should be done with Tick Data Suite GMT+2 with US DST.
It is important to use real spread in backtesting and not some fixed spread. But be aware that the spread can be very different between brokers at that time.
The EA should be turned off on days of important events, for example general elections in UK, US or Europe.
General Trade Settings
dailyEquityStop Percentage
orderComment – Each trade will show this comment in history tab.
magicNumber – individual magic number. The EA will only manage position of the chart symbol with this magic number.
lotType – “fixed” or “increasing”, where the lot size is calculated automatically.
fixLots – fixed lot size in case lotType = fixed.
lotStep – how much the lot size should be increased every equityPerStep (if lotType = increasing).
equityHardStop – if the equity falls below that level the EA will close open positions (only of this strategy) and will not open any new positions.
pipInPoints – for 5-digit brokers, this should be 10, for 4-digit brokers 1.
maxSpreadPips – maximum spread allowed for entry. If smaller 0, auto settings will be used, which are different for each currency pair.
Time Settings
startHourGMT – when to start trading (GMT).
endHourGMT – when to stop trading (GMT).
waitMinutes Between Same Side Entry – After a buy position another buy position will only be allowed after the given time. Same for sell positions. If you are sleeping during the trading hours you could limit the potential total risk with this parameter. If the last hour was a loss the EA will automatically increase waitMinutesBetweenEntries by 15 minutes.
autoGMT – whether to determine GMT offset automatically.
manual GMT offset Winter – manual GMT offset in winter (if autoGMT=false or in Tester)
manual GMT offset Summer – manual GMT offset in summer (if autoGMT=false or in Tester)
Brand
EA MT4
Refund
Refund and Replacement Policy
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3. Defective Products: In the rare event that you receive a defective product, we are committed to addressing the issue promptly and professionally. If you encounter a problem, such as technical glitches or errors on our part, please contact our Customer Support team within [number of days, e.g., 14 days] from the purchase date.
4. Replacement or Refund for Defective Products: Upon verification of a legitimate defect, we offer the option to either replace the faulty product with another one of your choice or initiate a refund. Your satisfaction is our priority, and we strive to resolve issues related to product defects in a fair and efficient manner.
5. Technical Issues: If you face technical challenges hindering your access to or use of the purchased digital product, please reach out to our Customer Support team for assistance. We are dedicated to resolving technical issues promptly to ensure your satisfaction.
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Install
The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).
This is the easiest type of installation for Expert Advisors.
This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.
Copy the EA folder content from your product to the EA folder of your MT4 installation.
Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.
Responsability
Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.
Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.
Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.
A crucial reminder: Always conduct thorough backtesting before deploying any strategy with a live trading account.
Kindly refrain from requesting recommendations for an EA; base your purchase decisions on the available information.
admin (store manager) –
Great Ea, recommended