What is GTX Scalper EA?
GTX Scalper EA is a fully automated trading system designed for the EURUSD currency pair on MetaTrader 4 (MT4). It employs a scalping strategy using advanced algorithms to enhance trading efficiency and minimize risks. Both live trading and backtest results indicate consistent profit generation with controlled drawdown. This makes GTX Scalper EA a preferred choice for traders looking for stability and performance.
GTX Scalper EA Features
Expert Advisor integrates professional trading features and has proven practical effectiveness:
1. Core trading features:
- Automated Trading: The advisor executes trades automatically based on defined strategies.
- Reversal Point Trading: Trading signals are generated by identifying overbought and oversold zones.
- Multiple Strategies: The advisor uses 16 strategies with customizable parameters to suit different market conditions and brokerage firms.
2. Key features:
- Profit Management:
- Trailing Stop: Automatically adjusts the Stop-loss (SL) level as the price moves favorably.
- Take Profit: Can be used to secure profits at a predefined price level.
- Loss Management:
- Stop Loss: Can be used to limit potential losses.
- Recovery Function: Automatically opens additional orders to average the position and potentially recover losses.
- Risk Management:
- Maximum Drawdown: Limits potential losses by setting a maximum drawdown percentage.
- News Filter: Pauses trading during periods of high market volatility caused by news events.
- Trading Time Filter: Restricts trading to specific timeframes.
- Customization:
- Flexible Parameters: Allows users to fine-tune the advisor's behavior to their specific preferences.
- News Filter Testing: Users can test the news filter's effectiveness in a simulated environment.
- Visual Settings: Enables customization of the advisor's appearance on the trading chart.
GTX Scalper EA Review
GTX Scalper EA is a reliable automated trading tool with a focus on optimizing returns while managing risks. It is well-suited for trading EURUSD, leveraging smart algorithms and customizable settings. Live and backtest results confirm its potential to deliver stable profits while maintaining low risk, making it an excellent tool for both novice and experienced traders.
1. GTX Scalper MT4 live results:
The GTX Scalper EA has demonstrated impressive profit performance on a Real Account with a $500 deposit. The advisor has achieved a remarkable 389% total profit while maintaining a 75.2% drawdown. This indicates a high-risk, high-reward strategy that has been consistently optimized throughout the trading period.
Key Performance Metrics:
- Trading period: 52 consecutive weeks
- Initial deposit: $500
- Total profit: 389%
- Maximum drawdown: 75.2%
2. GTX Scalper MT4 backtest:
GTX Scalper backtest trading results are impressive. The test capital is $10,000 and the total profit when trading with EURUSD is $2.5 million. The risk level is strongly optimized by the advisor with Maximum drawdown: 1.37%.
2. User reviews of GTX Scalper:
Expert Advisor (EA) is highly appreciated by the user community on MQL5 community, which shows that GTX Scalper has proven its real performance and gained the trust of users.
How to Install GTX Scalper EA?
The recommended expert advisor settings by the developer include:
1. Trading pair:
- EUR/USD: The advisor is optimized for the main currency pair traded, the Euro (EUR) against the US Dollar (USD). This pair is one of the most actively traded currency pairs on the forex market due to its high liquidity and volatility.
2. Working timeframe:
- H1 (1-hour chart): This timeframe provides a good balance between short-term price fluctuations and long-term trends. It performs well in real and test trading.
3. Recommended minimum deposit:
- $100: The minimum amount required to open a trading account with the broker.
4. Recommended minimum leverage:
- 1:100 or more: Leverage is a tool that allows traders to control larger positions with a smaller amount of capital.
5. Effective trading account types:
- Low spread ECN account: Provides direct access to the interbank market, offering tighter spreads and faster execution speeds. Low spreads mean traders pay less transaction costs, which can improve profits when trading live.
GTX Scalper EA Download
The download package includes the official version of the advisor:
- Experts: GTX Scalper EA v1.2_fix.ex4
- Presets:
- EURUSD_$100.set
- EURUSD_$500_low risk.set
- EURUSD_$500_medium risk.set
- EURUSD_$500_high risk.set
- EURUSD_1K_high risk.set
- EURUSD_1K_medium risk.set
- EURUSD_1K_low risk.set
- EURUSD_2K_high risk.set
- EURUSD_2K_medium risk.set
- EURUSD_2K_low risk.set
- EURUSD_5K_high risk.set
- EURUSD_5K_medium risk.set
- EURUSD_5K_low risk.set
About the Author
This product is compiled by Vladimir Mametov. This author has more than +9 years of experience working on MQL5 with many famous products such as GTX Scalper EA MT4, Cetus EA and other products. Among them, GTX Scalper EA MT4 is his best performing product in 9 years.
Conclusion
In short, GTX Scalper is an automated trading advisor that provides a powerful solution for trading the EURUSD currency pair. By utilizing a sophisticated strategy based on overbought and oversold zones, it generates accurate reversal signals. The advisor’s versatility is enhanced by 16 custom strategies, allowing it to be optimized for a variety of brokerage environments.
>>> Reviewed by Jason Stap
