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PZ Goldfinch Scalper EA MT5

The PZ Goldfinch Expert Advisor is a pure mathematical scalper that trades tick data aggressively. It implements a simple and universal trading strategy which can be applied to any instrument. However, it is recommended to trade only low-spread and liquid forex pairs.

  • It trades EURUSD, GBPUSD or USDJPY and most forex pairs!
  • It has four input parameters (Signal, SL, TS and TP).
  • The EA works better with tight trading parameters.
  • It makes around 85% winning trades.
  • The average profit factor is above 2.5.
  • Minimal drawdown.
  • It is free!


Trading

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. In order to trade this EA, you need the following.

  • A good broker, with low spreads and stop levels.
  • A good Internet connection.
  • A lot of stamina.


Backtesting

The Expert Advisor uses tick data. Please backtest the M15 timeframe in "every tick" mode and play to find the best parameters.

It is recommended to backtest this Expert Advisor on the MetaQuotes demo account.

If your broker can handle a tight trailing stop, the performance will increase.


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Rudolf De Heer
358
2016.09.12 12:09   

Thank you for this free E.A.

Is dll calling mandatory for the Goldfinch E.A.? MQL5 VPS doesn't allow DLL calls.

Rodrigo da Silva Boa
7194
2015.11.19 06:35 
 

Funcionava bem no passado...

Ghostfather
121
2015.06.16 14:04 
 

Very nice work.

Can you insert a new function, that could help to increase the performance.

Maximum Position Duration Time.

I testet it with a self created script acting like a "Scalp Wrapper".

If a position is open longer than the duration time, the position will be closed with loss/profit.

According to different parameters of the TradeSignal, the duration time of position becomes a higher interest.

reforef
55
2015.02.12 20:28   

для mt 4 что то нету ссылки для скачивания . а так отличный тестовик

Gennadiy Sidorov
1463
2014.05.15 07:44 
 

норм

Stefano Giacone
241
2014.04.24 12:46 
 

I tried it for several months on demo, with different settings and risk but it never gains. I'm so sad to say that, this is one of the many EAs that work only in strategy tester (but this is normal for a scalper system, remember: a scalper can't be tested on strategy tester, test it always in live)

Andrey Tsygankov
378
2014.04.05 03:08   

Не работает, не совершает сделки, подскажите почему?

Antonio Nicodemo
330
2014.04.01 16:21 
 

I tried this EA in real (of course with a 1% risk)

The results are worse than the backtest, small profits and big losses

I tried to optimize and modify the parameters but the result no changes

sin

Marie Mire-de-Vie
1668
2014.03.01 21:41 
 

Does not work for me.

Vadim Strelkov
7941
2014.02.12 09:38 
 

+

Johannes Hermann
4443
2014.02.01 14:42 
 

not working...

INC GLOBALIST
124
2013.12.29 14:10 
 

not working .. stu system ...

Nauris Mucenieks
839
2013.12.19 16:41 
 

In my honest opinion - a VERY fine piece of work.

Congratulations, I'll be looking forward for more interesting EA's!

Achmad Hidayat
15760
2013.11.10 14:45 
 

User didn't leave any comment to the rating

travolta741
299
2013.11.10 05:27 
 

User didn't leave any comment to the rating

Christian Beckmann
2342
2013.11.04 19:53 
 

User didn't leave any comment to the rating

Trentano
38
2013.11.02 12:16 
 

User didn't leave any comment to the rating

Version 1.2 - 2013.11.12
- Bug Fixes
- Customizable Order Comments
- Information displayed on the chart
Version 1.1 - 2013.11.01
Bug fixed regarding the initial stop-loss level.