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PARAMOUR GODFATHER EA MT4 – Full Input Settings Analysis
Paramour Godfather EA is a Forex Expert Advisor developed for MetaTrader 4. It employs a scalping strategy to quickly trade by taking advantage of small price changes in the market. It is applied on all currency pairs and also Gold on the M1 timeframe and is characterized by its advanced news filters. The take profit is particularly tailored for each pair, with the EA adjusting automatically when required.
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Capital management & order entry strategy
- Take Profit: 10 points – Very tight target, best suited for scalping.
- Stop Loss: 10 points – Quick stop to keep low risk per trade.
- Fix Lot: 0.01 lots – Uses fixed lot size unless using %‑based risk.
- Lot Risk %: 2.0 – Risks 2% of account capital on first trade (if using %‑based risk).
- Max Orders: 5 – EA makes a maximum of 5 trades at once.
- Max Spread: 5 – Only executes when the spread is below 5 pips.
- Profit Ratio: 50 – Closes all the orders once 50% of the target profit is reached.
- Distance Between Orders: 0 – There must be no minimum distance; trades may be launched one after another.
Martingale Strategy
- Lot Multiplier: 1.1 – This increases the lot size of the next trade marginally (by 10%) if the previous trade was a loss.
- Distance Between Martingale: 1000 points – Martingale trades are only placed if the market moves 100 pips against the position.
News Filtering
- Weak News: Permitted – Ceases trading 10 minutes before and after the event.
- Medium News: Permitted – Closes trading 20 minutes before and after the event.
- Strong News: Permitted – Closes trading 40 minutes before and after the event.
- Non‑Farm Payroll (NFP): Permitted – Closes trading 60 minutes before and after the event.
Display & sub options
- Show News on Chart: true – Displays news events on the trading chart.
- Filter News by Symbol: true – Shows only news related to the trading pair that is being traded currently.
- Draw News Forecast: true – Places on display future upcoming news events.