Description
Goldfinch EA is the newest iteration of a proven scalper first released nearly ten years ago. It is designed to exploit price inertia after sudden price accelerations, commonly known as volatility spikes. By detecting sharp price movements within a defined time window, the EA opens trades expecting continued momentum. This version has been simplified to enable traders to perform effective parameter optimization using MetaTrader’s built-in tester.
Key Features
- Detects sudden price movements and capitalizes on short-term inertia
- Simple and optimized input structure for easy backtesting and tuning
- Customizable break-even, trailing, SL and TP controls
- Adjustable trading hours and weekday filters
- Built-in money management with fixed or auto lot sizing
- Fully compliant with NFA/FIFO regulations if needed
- Designed for low-latency, tight-spread environments
Backtesting Guidelines
- Backtest in "Every Tick" mode only**
- The EA uses only tick data; it does not rely on OHLC data
- The timeframe is irrelevant for its internal logic
- Run cloud optimizations per symbol for best performance
Important Notes on Tick Scalping
Scalping on ticks is inherently risky. Results can be negatively impacted by:
- Variable spreads and slippage reducing positive expectancy
- Low tick density causing missed or false trades
- Stop level constraints limiting execution control
- Network latency and requotes causing entry/exit errors
- Always test with realistic broker conditions and deploy cautiously.
Input Parameters
- Trigger – Price movement needed to fire a trade, in pips. Default: 10
- Min Time Window – Minimum time for the price movement to occur, in seconds. Default: 3
- Max Time Window – Maximum time for the price movement to occur, in seconds. Default: 10
These three inputs together define the trade trigger condition: "If price moves X pips in between Y and Z seconds, open a trade." - Breakeven – Pips in profit required to trigger breakeven. 0 disables the feature
- Breakeven Behavior – Choose one: (a) Move stop-loss to the open price or (b) Secure half of the profits by adjusting SL accordingly
- Trailing Stop – Trailing stop in percentage of the trade profit at the time
- Trailing Step – Minimum increment (in pips) to modify SL in a trailing setup
- Stop Loss – Hard stop loss in pips (required)
- Take Profit – Target profit in pips. 0 disables TP
- Trading Hours – Define start and end hours for trading (24h format)
- Weekday Settings – Enable or disable trading on specific weekdays
- Money Management Behavior – Choose one: (a) Auto-calculate lot size per trade based on risk or (b) Use a manual lot size
- Risk Per Trade – If auto-lot is selected, risk per trade as % of account balance
- Manual Lot Size – If manual lot is selected, fixed lot size to use
- NFA/FIFO Compliant – Enable this to comply with U.S. FIFO rules
- Custom Comment – Enter a string to label the trades made by the EA
- Magic Number – Identifier to tag and distinguish the EA's trades
- Slippage – Maximum allowable slippage in points (1 pip = 10 points)
- Manual Pip Value – Override pip value for current symbol if broker requires it
Disclaimer
This Expert Advisor (Robot) is a tool for automated trading and is designed to execute trades based on predefined rules. It does not constitute financial advice, investment recommendation, or any guarantee of profits.
Automated trading involves a high risk of loss and can result in the loss of your entire capital. Factors such as slippage, technical failures, changing market conditions, and broker execution can significantly affect performance. Past performance is not indicative of future results. No robot is foolproof.
Use this Expert Advisor at your own risk and only with money you can afford to lose.
For complete details, please read our Terms and Conditions.
