Goldfinch EA 7.x
This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. 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. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters.
Simple input parameters for easier optimization
Customisable trade management settings
Customizable trading hours
Weekday selection
Money management
Backtesting
The Expert Advisor uses tick data only. Please backtest in “every tick” mode. It does not use HLOC (high – low – open – close) data at all, timeframe of trading is irrelevant.
Beware
Tick scalpers are dangerous because many factors can ruin the payoff. Variable spreads and slippage decrease the mathematical expectancy of the trade, a low tick density from the broker can cause phantom trades, the stop level undermines your ability to secure profits and network lag means requotes. Caution is advised.
When loading the expert to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many, because parameters are grouped into self-explanatory blocks.
Trigger
Price movement needed to fire a trade, in pips. (default = 10)
Min Time Window
Minimum time for the price movement to happen. (default = 3)
Max Time Window
Maximum time for the price movement to happen. (default = 10)
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.
Trading Hours
Enter stard and end hour for trading activity.
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
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