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SCALPPRIME MT4 – Full Input Settings Analysis
ScalpPrime EA is a highly engineered Expert Advisor for short-term trading of XAUUSD (Gold). It is founded on a professional, rule-based system that combines two complementary approaches: a Fibonacci retracement model in locating high-probability price zones and a volume confirmation system for noise filtering of the market and trade entry confirmation.
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General Information
- EA_Name: ScalpPrime MT4 – EA name.
- Lot: 0.01 – Initial fixed lot size.
- End_Candle_ID: 3.0 – Parameter to determine candle close timing (for trade entry strategy).
- DPS_Volume: 300.0 – Volume parameter for DPS (Dynamic Position Sizing).
- DPT_Volume: 280.0 – Volume parameter for DPT.
- Recovery_Mode: false – Recovery mode is disabled.
- lot_02: 0.01 – Lot size of secondary setup.
SL & TP Settings
- These pip values are used to close trades, potentially for a multi-level TP/SL strategy:
- SL_pips1 → SL_pips4: 500 / 300 / 300 / 500 (pips).
- TP_pips1 → TP_pips4: 360 / 360 / 360 / 360 (pips).
Magic Number & Multi-Trade Settings
- Magic Number: 3882 – Used to recognize unique trade for EA.
- Mult_01 / Mult_02: 0 – Multi-cycle lot multiplier turned off.
- Friday: true – Trading on Fridays.
- Friday_StartHour: 06:00 – Open trading on Friday at 06:00.
- Friday_EndHour: 11:59 – Close trading on Friday before noon.
Risk Mode Levels
- The EA supports several auto lot risk levels:
- Level_4 (Extremely High Risk): On (1).
- Level_3 (High Risk): Off (0).
- Level_2 (Medium Risk): Off (0).
- Level_1 (Low Risk): Off (0).
- Prop Firm Auto Lot: Off (0) – Prop trading mode off.
News Filter Settings
- NEWS_FILTER: false – News filter off.
- NEWS_IMPORTANCE_LOW / MEDIUM / HIGH: false – Does not filter news importance.
- STOP_BEFORE_NEWS: 10 minutes before news.
- START_AFTER_NEWS: 15 minutes after news.
- Currencies_Check: USD – USD-related news only are checked.
- Speech_News_Text: “employment” – Possible keyword for news detection.