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GX12 E-SCALP EA MT4 – Full Input Settings Analysis
GX12 E-SCALP EA is a professional automated trading software, or forex trading robot, for use on the MetaTrader 4 (MT4) platform. It performs best with GBPUSD and EURUSD currency pairs but also allows trading with many other pairs. The Expert Advisor (EA) incorporates advanced safety measures and capital management systems, automatically setting Stop Loss (SL) and Take Profit (TP) levels for every transaction. Its primary goal is to protect your account in any market situation with a low level of risk.
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Basic trading settings
- AutoTrade: true
→ Trades automatically. - ECN Broker Setting: false
→ Does not use special ECN broker setting. - OneTrade: OFF
→ Multiple trades can be made; not one trade per time. - Dist_OP: 5 pips
→ Minimum distance between open orders. - MagicID: 12345678
→ Trade identifier opened by this EA. - LOTS: 0.01
→ Default lot size used for trading. - Risk: 10
→ Risk percentage as equity; can be used for dynamic lot size. - MaxTrade: 5
→ Number of trades that can be open at a time.
Order management and trailing stops
- Stop Loss (SL): 50.0 pips
→ Same stop loss of 50 pips for all trades. - Take Profit (TP): 50.0 pips
→ Same take profit of 50 pips for all trades. - Use Trailing Stop: true
→ Enables the use of a trailing stop to lock profit as price goes in the correct direction. - Trailing Start: 30.0 pips
→ Trailing stop is triggered when the trade makes a profit of 30 pips. - Lock Profit: 0.0
→ No profit is locked up — the entire trailing stop follows behind the price.
Transaction time filter
- Use Time Filter: true
→ Turns on the time-based trading filter. - Start Time: 00:00
→ Midday trading begins. - End Time: 15:00
→ Trading stops at 15:00 (server time or GMT, depending on the broker).
Key Takeaways
- Automated Trading: The GX12 E-SCALP EA employs advanced trend analysis to rapidly identify and execute profitable trades.
- Risk Management: Automatically implements Stop Loss (SL) and Take Profit (TP) to protect account.
- Intelligent Features: It adjusts rapidly to market changes, maximizing profit opportunity with precision.