GodFather Bot Scalping

GodFather Bot Scalper: The Ultimate Trading Companion

Greetings, fellow traders and enthusiasts! Welcome to the dynamic world of "GodFather Bot Scalper." In this detailed exposition, we will navigate through the intricate features of this extraordinary Expert Advisor (EA), carefully designed for the MetaTrader 4 (MT4) trading platform.

RECOMMENDED PAIR : 

EUR/USD

RECOMMENDED TIMEFRAME: 

5 MINUTES

Special Limited-Time Opportunity:

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Enhance Your Strategy with Price Action Trading:

"GodFather Bot Scalper" goes beyond being just an Expert Advisor; it's a reliable companion on your journey to trading success. With a well-defined strategy, precise risk management, and robust trailing stop functionality, this EA is designed to assist you in achieving your financial goals in the trading world. Take control of your trading with "GodFather Bot Scalper" and explore the potential you've always sought.

A notable feature of "GodFather Bot Scalper" is its focus on risk management. The EA allows you to set your desired risk level and automatically calculates lot size based on your capital and risk profile, giving you full control over your capital and protecting it from market fluctuations. (In the next Upgrade)

Discover Opportunities in Trending and Expansive Markets:

The mission of "GodFather Bot Scalper" is clear: to optimize trading results and minimize losses. This EA adopts a dynamic approach to identify trading opportunities (Tick Scalper), using specific criteria for opening and closing positions. The primary goal is to ensure that each trade is executed with care and precision, eliminating uncertainties.

INPUT PARAMETERS

Configuration:

• ReverseTrade: If TRUE, trades in the opposite direction.

• Magic: If set to a number less than 0, calculates MagicNumber automatically.

• OrderCmt: Trade comments that appear in the Trade and Account History tab.

• ECN_Mode: True for brokers that don't accept SL and TP to be sent at the same time as the order.

• Debug: Prints huge log files with info, only for debugging purposes.

• Verbose: Additional information printed in the chart.

Trading Settings:

• MaxSpread: Max allowed spread in points (1 / 10 pip).

• MaxExecution: Max allowed average execution time in ms (0 means no restrictions).

• MaxExecutionMinutes: How often in minutes fake orders are sent to measure execution speed.

• StopLoss: StopLoss in points. Default 60 (= 6 pips).

• TakeProfit: TakeProfit in points. Default 100 (= 10 pip).

• AddPriceGap: Additional price gap in points added to SL and TP .

• TrailingStart: Start trailing profit in pips. Default 23.

• Commission: Some broker accounts charge commission in USD per 1.0 lot. Commission in dollar.

• Slippage: Maximum allowed Slippage in points.

• MinimumUseStopLevel: Minimum stop level.

Volatility Settings:

• UseDynamicVolatilityLimit: Calculate VolatilityLimit .

• VolatilityMultiplier: Dynamic value, used if UseDynamicVolatilityLimit is set to TRUE.

• VolatilityLimit: Fix value, used if UseDynamicVolatilityLimit is set to FALSE.

• UseVolatilityPercentage: If true, price must break out more than a specific percentage.

• VolatilityPercentageLimit: Percentage of how much iHigh-iLow difference must differ from VolatilityLimit.

Indicator Settings:

• UseIndicatorSwitch: Switch User indicators.

• Indicatorperiod: Period in bars for indicators.

• BBDeviation: Deviation for the iBands indicator.

• EnvelopesDeviation: Deviation for the iEnvelopes indicator.

Money Management:

• MoneyManagement: If TRUE, calculates lot size automatically based on Risk. If FALSE, uses ManualLotsize.

• MinLots: Minimum lot size to trade with.

• MaxLots: Maximum allowed lot size to trade with.

• Risk: Risk associated with lot sizes (percentage of own capital).

• ManualLotsize: Manual lot size to trade with if MoneyManagement is set to FALSE.

• MinMarginLevel: Lowest allowed Margin level for new positions to be opened.

Other:

• TakeShots: Save screen shots on STOP orders?

• DelayTicks: Delay so many ticks after a new bar.

• ShotsPerBar: How many screen shots per bar.

• DisplayGraphics: Colors for sub_Display at upper left.

• Heading_Size/Text_Size: Font size for headlines and texts.

• Color_Heading/Color_Section1/Color_Section2/Color_Section3/Color_Section4: Colors for text lines.