Goldfinch EA 7.x

Metatrader Expert Advisor (MT4/MT5)

  • Overview

    This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters.

    • Simple input parameters for easier optimization
    • Customisable trade management settings
    • Customizable trading hours
    • Weekday selection
    • Money management


    The Expert Advisor uses tick data only. Please backtest in "every tick" mode. It does not use HLOC (high - low - open - close) data at all, timeframe of trading is irrelevant.


    Tick scalpers are dangerous because many factors can ruin the payoff. Variable spreads and slippage decrease the mathematical expectancy of the trade, a low tick density from the broker can cause phantom trades, the stop level undermines your ability to secure profits and network lag means requotes. Caution is advised.

  • Input parameters

    When loading the expert to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    Price movement needed to fire a trade, in pips. (default = 10)
    Min Time Window
    Minimum time for the price movement to happen. (default = 3)
    Max Time Window
    Maximum time for the price movement to happen. (default = 10)
    Pips in profit to perform the break-even. Zero means disabled.
    Breakeven Behavior
    Choose either a) Move the SL to open price or b) Secure half the profits of the trade
    Trailing Stop
    Trailing stop for trades expressed in % of the trade profit at the time
    Trailing Step
    Minimum increment in the stop-loss order.
    Stop Loss
    Stop-loss in pips, must have value.
    Take Profit
    Take-profit in pips. Zero means disabled.
    Trading Hours
    Enter stard and end hour for trading activity.
    Weekday Settings
    Enable/Disable trading on weekdays
    Money Management Behavior
    Choose either a) Auto-calculate lotsize for each trade or b) Trade a manual lotsize on each trade
    Risk Per trade
    Risk per trade expressed as % of the account balance
    Manual Lot Size
    Manual lot for the trades
    NFA/FIFO Compliant
    Enable to trade this EA on US Brokers
    Custom Comment
    Custom order comment for the trades
    Magic Number
    Number used by the EA to sign and recognize its trades
    Maximum deviation in filling prices, in points.
    Manual Pip Value
    Override the value of a pip for this symbol, if needed
  • ? FAQ
    Is the EA NFA/FIFO Compliant?
    It can trade NFA/FIFO Compliant, make sure to enable FIFO in inputs.
    Do I need a VPS to run the EA?
    You probably do, unless you want to trade just a few hours a day.


Goldfinch EA EA for Metatrader
Goldfinch EA EA for Metatrader
Goldfinch EA EA for Metatrader