GMG Scalper
- Experts
- Version: 1.1
- Activations: 5
GMG Scalper is an intraday breakout Expert Advisor designed to capture short-term momentum in the market.
The strategy focuses on price movements that occur when the market breaks the previous H1 range and confirms direction using a configurable signal timeframe.
The Expert Advisor includes multiple safety filters and automated trade management tools to help control risk while participating in strong market movements.
GMG Scalper also provides a professional dashboard displaying trading conditions and account statistics directly on the chart.
Launch PriceGMG Scalper is currently available at a special launch price of $99.
The price will increase progressively as more licenses are sold.
Pricing plan:
• First 10 licenses — $99
• Next 10 licenses — $199
• Next 10 licenses — $299
The price will continue to increase as the product develops and new versions are released.
Early users receive the lowest price and all future updates.
GMG Scalper – Settings Guide https://www.mql5.com/en/blogs/post/767939
The strategy is based on a structured breakout approach.
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The EA calculates the high and low of the previous H1 candle.
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When price breaks this range and confirmation conditions are met on the selected signal timeframe, a trade may be opened.
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Stop loss is placed beyond the signal candle.
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Take profit is calculated using a configurable risk-reward ratio.
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Positions can be protected using break-even and trailing stop.
• Previous H1 breakout strategy
• Configurable signal timeframe
• Automatic stop loss and take profit
• Risk-reward based trade management
• Break-even protection
• Trailing stop management
• Spread filter
• Trading session filter
• Built-in dashboard
• Works on multiple symbols
The default parameters of GMG Scalper are optimized for FP Markets XAUUSD (Gold) on the M1 timeframe.
For best results it is recommended to start with:
Symbol: XAUUSD
Chart timeframe: M1
The EA can also be used on other instruments such as indices or major Forex pairs, but parameter optimization may be required depending on market conditions and broker specifications.
The EA is designed for active intraday trading and may open multiple trades during volatile market sessions.
Recommended InstrumentsThe EA can be used on multiple instruments.
Examples:
XAUUSD
UK100
GER40
NAS100
Major Forex pairs
The EA can be attached to any chart timeframe.
Signal timeframe is configurable and commonly used values include:
M1
M5
M15
Risk Management
• Fixed lot or risk-based lot
• Risk percentage per trade
Signal Settings
• Signal timeframe selection
• Breakout filters
• Candle range filters
Trade Filters
• Spread filter
• Trading session filter
Trade Management
• Break-even
• Trailing stop
• Risk-reward ratio
GMG Scalper includes an integrated dashboard showing:
• Balance
• Equity
• Floating profit
• Spread
• Previous H1 range
• Signal status
• Trade statistics
• Position information
The dashboard can be disabled if needed to speed up backtesting.
VersionVersion 1.00 — Initial Release
Future versions will include improvements and additional features.
AuthorGeorgi Grozdev
Risk WarningTrading financial markets involves risk. Past performance does not guarantee future results. Always test the Expert Advisor on a demo account before using it on a live account.
