Wow-what a superb program. I love it. I've read some of the comments about it working in the backtesting but not working with a real account. Well, all I did was to set it to fail in backtesting and in my real small account it works perfectly. I am still testing but its been working for me so far. Thanks for the EA and keep up the good job.
PZ Goldfinch Scalper EA
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.
[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
- Simple input parameters for easier optimization
- Customisable trade management settings
- Trading session selection
- Weekday selection
- Money management
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.
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
- The timeframe of trading is irrelevant
Input Parameters
- 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.
- 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
Support
I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.Author
Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

пусть даже и сливает. это человеческий труд, и его надо уважать!
5+, советник торгует идеально!
развивайте проект дальше!

In all fairness the programmer himself said this system is only intended for backtesting and that slippage destroys profitability when trying to live-trade it. It also has not been updated in six years - which is the case with most PZ systems. I think the one with the best potential is Turtle Trader.

Really awesome EA, please add time of day to trade; I would only prefer to trade HOUR of 14 & 17

Thank you for sharing it, Arturo With my hw/sw and broker, in demo, always at a loss. An EA must be tested over a period of at least 10 years and must have "certain similarity" performances if tested: each tick / checkpoints / only the opening prices (see by example your free EA: PZ Heiken Ashi EA). We must always remember that the Broker makes money when we lose.

I installed it on Saturday and left all the settings at default to test on a demo account with $1 million. On Sunday, when the trades opened, it was super active. By Sunday night at 9pm PST, it was $115k USD. impressive. I waiteda little longer. Monday morning, all the profits made were wiped out. So many -9k losses. They look like all stop losses were triggered. Lots of them. If it wasn't for the stop losses, the trades would've gone much deeper in the draw down, but eventually bounced back up. So really, it is the draw downs that closed off the negatives too soon. so it is a tough call. may be add in Neural or Machine Learning to this for better prediction? Otherwise, you have to sit in front of the damn thing and watch it and close it manually to take profit and minimize losses.

Wow-what a superb program. I love it. I've read some of the comments about it working in the backtesting but not working with a real account. Well, all I did was to set it to fail in backtesting and in my real small account it works perfectly. I am still testing but its been working for me so far. Thanks for the EA and keep up the good job.
This is a beautiful example of how to improve an expert advisor. The author gives it for free and has updated this EA for years. The backtest is a marvel, yet the live trading is all-losses. I truly pray and hope that the seller will someday make this into a profitable EA and then maybe it won't be free. Thank you so much for sharing it, Arturo.

I tested EA on the strategy tester, where the results were amazing. I then tested it on a demo account and the results are absolutely different in the wrong sense. How do I get my money back and my seller can not sell this EA?

with the release of the latest version is much improved , it is best to optimize quality modeling of 99.9 %

Another Backtest Grail. You waste my money, you waste my effort, you waste my time... karma will get you back tenfold to what you've done to me and the others who share the same fate.

Funcionou bem no passado, hoje até mesmo otmizando resultados são ruins.

j expérimente se robot avec une optimisation personnel sur 1 ans et meme 2 ans je le teste en mode demo avec un bon broker
ecn avec faible spread 0.8 pips eur usd voila le lien de mon my fx book :)
http://www.myfxbook.com/members/alonzo83

У автора очень много похожих советников ! На тестере - отличный результат , на реальном счету - убытки !
Он просто программист, но не трейдер ! Мониторинга у него в myfxbook.com нет !

Very sorry but the back testing will give you results you can only dream of but when you come to put it into live trading it is useless.
PZ should remove this file as its clearly a false expectation of how the EA should perform.
Very sorry don't waste your time with this

пусть даже и сливает. это человеческий труд, и его надо уважать!
5+, советник торгует идеально!
развивайте проект дальше!

Broker - Roboforex. It was showing magical results in tester, but suckes on real account. Earn 1-2$ and lose 20-30$ at the same time at 5$ lots. EUR/USD spread = 17.

I've ran this ea for about 3 months; don't even think about using it, even martingale is better. It must perform some kind of magic on the back-test because it is full on shit in practice.

This is great EA, but using default is loser.
Set the parameter Trade Signal above 4.0.

If You backtest this EA you will see magical results and extremly low drawdown, but when You start test it forward You will see mixed results tending into a stable loss day by day. I think this EA works only in a highly theoretical and 100 % optimal environment(constant low spread, zero slippage and enough data thickness) that doesn't exist with any broker.
Just start thinking people !! if this EA were so nice, it wouldn't be FREE.
However I really appreciate Mr Lopez's effort to give this product to us, but noone should use this on a live account.

Backtest looks good. Have some Nice trades on realaccount so far. The problem is that in the current marketconditions the price is too choppy, without big moves one way. In a market With higer volatility I think it will perform much better. I will continue to test it on 8 pairs on a small liveaccount

На ECN не учтена комиссия. Неделю торговал на демке - слив. На стандарте не гонял.
Если разработчик выпустит новую версию с учётом комиссии, возможно будет 0, но пока слив!!!
- Weekdays added
- Sessions added
- Added manual stop loss value
- Added breakeven in pips
- Added trailing step in pips
- Added maximum spread to trade input
- Added stealth exit if SL/TP settings fail
- Added slippage and execution time log entries
- The EA auto-calculates its stoploss now. Stoploss parameter gone.
- Added execution and slippage analysis (expert tab)
- Improved trailing stop function
- Improved stop loss function
- Improved break-even function
Really awesome EA, please add time of day to trade; I would only prefer to trade HOUR of 14 & 17