GOLD Scalper Pro

• WinLargeFonts: true/false - use "true" to adjust the robot information box display in case you are using the Windows Large Fonts.
• UseSystem1: true/false - enables/disables the trading of System1
• UseSystem2: true/false - enables/disables the trading of System2

==== General Settings ====

• LongTrades -
• ShortTrades -
• EA_Comment - text which will be added as a comment to each trade opened by GOLD Scalper PRO.
• MaxSpread - maximal allowed spread for position opening.
• Slippage - maximal allowed slippage for position opening.
• StealthMode - true/false - conceal stop loss and take profit levels in program logic making them invisible to brokers. If you use this mode, the stop loss and take profit orders are not located in the trading server.
• CloseOnlyOnProfit - true/false - when this mode is enabled, positions will be closed only on profit or where stop loss is reached. When CloseOnlyOnProfit=false /default/, positions will be closed according to the system logic.
• NFA - true/false - set "true" if your broker is NFA regulated.
• No_Hedge - true/false - set "true" if you wish to cancel all hedge trades.
• EmergencyStopDist - second level of protection, when StealthMode is used. At values greater than zero, it activates a second level of true (Emergency) StopLoss on a greater distance than the virtual hidden StopLoss is located. In such case, the value of the new emergency StopLoss will be the sum of the EmergencyStopDist value plus the value of the hidden StopLoss.

==== System 1 Risk Management ====

• RecoveryMode1 - this parameter activates the loss recovery of System 1. Recovery Mode is an advanced system for loss recovery. When enabled the EA will increase the lot size with small amounts after each loss until all previous losses are compensated successfully. Works when AutoMM1 > 0.
• FixedLots1 - fixed trading volume for System 1 (works if AutoMM1=0).
• AutoMM1 - automatic risk management for System 1 activates at values greater than zero. When you set a value greater than 0 (zero) the EA will calculate the volume based on your account free margin and AutoMM1 value in percent.
• AutoMM_Max1 - maximal allowed risk when RecoveryMode1 is enabled.

Example 1: at AutoMM1 = 1, Forex GOLD Investor System 1 opens positions equal to 0.1 lots on $10000 account.

Example 2: at AutoMM1 = 0.5, Forex GOLD Investor System 1 opens positions equal to 0.05 lots on $10000 account.

==== System 2 Risk Management ====

• RecoveryMode2 - this parameter activates the loss recovery of System 2. Recovery Mode is an advanced system for loss recovery. When enabled the EA will increase the lot size with small amounts after each loss until all previous losses are compensated successfully. Works when AutoMM2 > 0.
• FixedLots2 - fixed trading volume for System 2 (works if AutoMM2=0).
• AutoMM2 - automatic risk management for System 2 activates at values greater than zero. When you set a value greater than 0 (zero) the EA will calculate the volume based on your account free margin and AutoMM2 value in percent.
• AutoMM_Max2 - maximal allowed risk when RecoveryMode2 is enabled.

Example 1: at AutoMM2 = 1, Forex GOLD Investor System 2 opens positions equal to 0.1 lots on $10000 account.

Example 2: at AutoMM2 = 0.5, Forex GOLD Investor System 2 opens positions equal to 0.05 lots on $10000 account.

==== System 1 Settings ====

• Magic1 - unique magic number for System 1
• StopLoss1 - stop loss value for System 1
• TakeProfit1 - take profit value for System 1
• Profit - the profit on which the position will be closed in case a short-term reversal pattern is detected.
• SecureProfit1 - minimum profit to be guaranteed when the current profit of the position is equal to the value of the SecureProfitTrigger1 parameter.
• SecureProfitTrigger1 - the current profit of the position (in pips) that would guarantee a minimum profit equal to the value of the SecureProfit1 parameter.

==== Dynamic SL & TP ====

• Use_ATR_Profit - activates the ATR based exit profit algorithm.
• ATR_Profit_Factor - the ATR value multiplier for calculating the new take profit value.
• Use_ATR_Stop - activates the ATR based Stop Loss algorithm.
• ATR_SL_Factor - the ATR value multiplier for calculating the Stop Loss value.
• ATR_TF_SL - the timeframe on which the ATR indicator is calculated – default 1440 (D1).
• ATR_Per_SL - the period of the ATR indicator – default 1.

==== System 2 Settings ====

• Magic2 - unique magic number for System 2
• StopLoss2 - stop loss value for System 2
• TakeProfit2 - take profit value for System 2
• SecureProfit2 - minimum profit to be guaranteed when the current profit of the position is equal to the value of the SecureProfitTrigger2 parameter. This is a trailing stop.
• SecureProfitStep2 - the step in pips for moving the trailing stop level. The idea is to move the trailing stop when position profit increases.
• SecureProfitTrigger2 - the current profit of the position (in pips) that would guarantee a minimum profit equal to the value of the SecureProfit2 parameter.
• PendingPlaceHour - time in GMT +0 for placing pending trades which are the core of the System 2.
• PendingTF - by default, System 2 places pending trades based on daily bar close price.
• PendingExpireIn - expiration time of pending trades in minutes.
• PendingMax - max number of pending trades.

==== Notifications ====

• EMAIL_Notification - true/false - enable/disable email notifications.
• PUSH_Notification - true/false – enable/disable push notifications to mobile phones.

==== GMT Settings ====

• AutoGMT_Offset - true/false - Change to false only if you want to use the ManualGMT_Offset in your live trading. In this case, please ensure that you have used the correct ManualGMT_Offset for your broker. Auto GMT works only if our website url is added on your terminal "Allow WebRequest for listed URL" configuration. To configure this: Go to MT4/MT5 Terminal → Tools → Options → Expert Advisors tab → "Allow WebRequests for listed URL" and add: https://www.fxautomater.com
• ManualGMT_Offset - For this parameter you have to set the winter GMT offset of your broker. This parameter is very important in case that you have disabled the AutoGMT_Offset=false and when you backtest the EA. If you set wrong value, then you may get unexpected results.
• DST_Usage - This parameter is one of the most important parameters because it tells to GOLD Scalper PRO how to deal with the GMT offset. You can set 3 different values on this parameter. Actually, it is a drop-down list and you only need to choose the correct value for your broker. Check below:

- If your broker has one GMT offset year-round (your broker never switches to summer/winter time) you must select DST_Usage=NONE.

- If your broker switch to summer/winter time based on EU DST (summer time from last Sunday of March till last Sunday of October) then set it DST_Usage=EU_DST.

- If your broker switch to summer/winter time based on US DST (summer time from second Sunday of March till first Sunday of November) then set it DST_Usage=US_DST.

==== News Filter Settings ====

The News Filter function is disabled by default. It is your personal choice whether, or not to activate this function. The News Filter function can increase the profit factor of the system and reduce the drawdown, but also can reduce the number of the trades and the total profit.

• Avoid_News - true/false – use or not the News Filter.
• Include_Medium_News - true/false – include, or not the medium impact news. The high impact news are included by default.
• Filter_NFP_FOMC_ONLY - true/false - when true the news filter will stop trading only during NFP and FOMC news.
• Wait_Before_News - the amount of minutes, before the news release, when the trading will be disabled.
• Wait_After_News - the amount of minutes, after the news release, when the trading will be enabled.

Configure MT4 terminal to allow WEB Requests to the following urls: http://www.fxautomater.com and https://www.fxautomater.com Only this way the news filter will be able to work properly!

You can find it in: MT4 terminal -> Tools -> Options -> Expert Advisors -> Allow WebRequests for listed URL (check the image below):

The same way you can set up for MT5 terminals.

==== Time Management Settings ====

These settings have been specially developed to help traders avoid certain hour periods during the trading week when the Forex market behaves more unpredictable.

• AllowedHour_ForBacktest - this parameter is only for backtesting! It helps optimizing the Time Management system. Here is how you can use it. During the optimization set start value 0, end value 23 and the step 1. You can optimize only one day per optimization. For example you want to optimize the forbidden hours for Monday, you have to disable other days bay settings TuesdayTrading=false ... to ... FridayTrading=false. At the end of the optimization the tester will show you the best hours for trading on Monday. You can add the bad hours in the parameter MondayForbiddenHours separated by comma, for example: 1,4,6.
• MondayTrading - true/false - enable or disable trading on Monday
• MondayHoursForbidden - forbidden trading hours for Monday (applies only when MondayTrading is enabled). You can set several values between 0 and 23 separated with commas. For example, if you set MondayHoursForbidden=9,10,11 the EA will not trade from 9:00 till 11:59. The hour values for this parameter are related to your broker’s server time (the Market Watch)!
• TuesdayTrading - true/false - enable or disable trading on Tuesday
• TuesdayHoursForbidden - forbidden trading hours for Tuesday (applies only when TuesdayTrading is enabled). You can set several values between 0 and 23 separated with commas. For example, if you set TuesdayHoursForbidden=9,10,11 the EA will not trade from 9:00 till 11:59. The hour values for this parameter are related to your broker’s server time (the Market Watch)!
• WednesdayTrading - true/false - enable or disable trading on Wednesday
• WednesdayHoursForbidden - forbidden trading hours for Wednesday (applies only when WednesdayTrading is enabled). You can set several values between 0 and 23 separated with commas. For example, if you set WednesdayHoursForbidden=9,10,11 the EA will not trade from 9:00 till 11:59. The hour values for this parameter are related to your broker’s server time (the Market Watch)!
• ThursdayTrading - true/false - enable or disable trading on Thursday
• ThursdayHoursForbidden - forbidden trading hours for Thursday (applies only when ThursdayTrading is enabled). You can set several values between 0 and 23 separated with commas. For example, if you set ThursdayHoursForbidden=9,10,11 the EA will not trade from 9:00 till 11:59. The hour values for this parameter are related to your broker’s server time (the Market Watch)!
• FridayTrading - true/false - enable or disable trading on Friday
• FridayHoursForbidden - forbidden trading hours for Friday (applies only when FridayTrading is enabled). You can set several values between 0 and 23 separated with commas. For example, if you set FridayHoursForbidden=9,10,11 the EA will not trade from 9:00 till 11:59. The hour values for this parameter are related to your broker’s server time (the Market Watch)!
• SaturdayTrading and SundayTrading - true/false - enable or disable trading during Saturday and Sunday respectively. Due to big GMT offset, some brokers trade during weekends and for that reason we added these parameters as well.

Example: MondayHoursForbidden = "9,10,11,12,13,14,15,16";

==== Friday Exit ====

• FridayExit - true/false - if you wish to close all trades on Friday, you should use FridayExit=true.
• ExitHour - the robot will close all open positions at this hour on Friday.
• LastTradeHour - the robot can trade until the end of this hour on Friday (including this hour).

If you decide to use the "FridayExit" option you should set LastTradeHour and ExitHour several hours before the market closing of your broker on Friday.

==== Protection Settings ====

• Max open lots - The total allowed lot size for all open trades.
• Maximum daily loss (currency) - Set a maximum limit on the amount you can lose in a single day to protect your capital.
• Maximum daily drawdown % - Define the maximum percentage of your balance that can be lost in one day.
• Daily reset hour (terminal) - Daily reset hour. This is usually 00:00 but if your broker has different reset hour then you can set any hour. Have in mind that if you change the hour directly on the control panel it will be effective after the new hour is reached!
• Minimum Equity (currency) - Establish a minimum equity level that, when reached, triggers protective measures.
• Maximum Equity drawdown % - Limit the maximum percentage drawdown of your total equity to prevent significant losses.
• Maximum Equity (currency) - Set an upper limit on your equity to help manage gains and protect from volatile shifts.