GTX Scalper

The GTX Scalper is a highly functional automated trading robot designed specifically for the EURUSD currency pair. This automated trading device operates seamlessly both online and in test mode, providing reliable and accurate trading performance for forex traders.

Salient Features of the GTX Scalper

The GTX Scalper boasts a range of features that make it a strong contender in the automated trading arena. It has been optimized and tested using 100% real ticks from 2020 to 2023 across over 20 brokers. This extensive testing ensures its efficacy and reliability in real-world trading scenarios.

One of the standout features of the GTX Scalper is its intelligent system for closing orders during a drawdown. Traders have the option to set the maximum drawdown, thereby maintaining control over potential losses. The forex robot is user-friendly and requires no parameters for optimization, simplifying the trading process for both novice and experienced traders alike.

Additionally, the GTX Scalper comes with a news filter and trading time filter, allowing traders to manage how the robot reacts to market news and trading hours. The news filter can be tested in the tester mode by using a specific news file.

Prerequisites for Using the GTX Scalper

To use the GTX Scalper, certain requirements must be met. These include: a minimum deposit of $200, an ECN with a low spread, and trading on the EURUSD currency pair with an hourly timeframe. The robot works best with brokers such as Roboforex, IceMarkets, TickMill, FBS, XM.COM, and LiteFinance.

Key Input Parameters

Several input parameters are available for customization to suit individual trading strategies. These include the Magic Number, Slippage, MaxSpread, and Comment. The advisor’s order size can be set automatically or manually via the Lot Type and Lot size/percent Lot parameters.

Traders also have the option to set a Take Profit, although this is not used by default. The GTX Scalper utilizes a TrailingStop parameter that can be adjusted according to the trader’s preference. However, it is recommended to use a Stop Loss to control potential losses further.

Furthermore, traders can set a maximum drawdown based on test results. If they wish to reduce the drawdown, this can be achieved by reducing the autolot value. The GTX Scalper also allows traders to set trading hours and decide whether or not to trade on Fridays.

News Filter Settings

The news filter parameters can be enabled or disabled according to the trader’s discretion. These parameters include Medium Impact News, High Impact News, Pause before News, and Pause after News. Additionally, traders can choose to display news on the chart and decide whether or not to close orders before news announcements.

FAQs

Q: Can I see independent testing of the GTX Scalper?

A: Yes, independent testing of this product is available on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.

Q: Who can use the GTX Scalper?

A: The GTX Scalper is designed for any trader who wants to automate their EURUSD currency trading. Both beginner and experienced traders can benefit from its features.

Have you used the GTX Scalper? Share your experience and help others make informed decisions about this product.

Please note: This is an independent product review, and the GTX Scalper is not affiliated with this review in any way.