GerFX Density Scalper EA

Overview

The GerFX Density Scalper EA, developed by Exler Consulting GmbH, is a sophisticated algorithmic trading tool designed specifically for the quiet hours of the trading day. This Expert Advisor employs a mean reversion strategy that capitalizes on price movements during less volatile market periods. Unlike many other scalping systems, GerFX Density Scalper prioritizes risk management by avoiding high-risk strategies such as martingale or grid trading methods. Instead, it focuses on precise entry and exit points with defined stop-loss levels for every position, making it a more controlled approach to automated trading.

How It Works

LIVE MQL5 SIGNAL

The GerFX Density Scalper operates on the principle of mean reversion during low-volatility periods. This strategy is based on the observation that during quiet market hours, price tends to return to an average value after deviating from it. The EA has been optimized to reduce slippage, with streamlined entry logic for faster calculations and exits primarily through take-profit orders.

The system runs on the M5 (5-minute) timeframe and monitors market conditions according to user-defined parameters. Once it identifies a suitable entry point based on its mean reversion algorithms, it places trades with predetermined stop-loss and take-profit levels. The EA is designed to operate continuously, particularly during nighttime hours when market volatility is typically lower.

A notable feature is its ability to automatically adjust to different market conditions and timeframes. The EA will also pause trading during high-impact news events by connecting to external news sources, protecting accounts from unpredictable volatility.

Don’t forget to set the News Filter. That’s how you can do it:

• Open Tools – Options – Expert Advisors.
• Check the option “Allow WebRequests for listed URL”
• Add the following:
  • http://fxdata.cc
  • http://backup.fxdata.cc
  • http://breaking.fxdata.cc (only needed if you use the breaking news filter) and press OK.
• The EA will get all the news from these websites.

Key Features

• Compatible Primary pairs: EURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURCAD, EURAUD, AUDUSD, AUDNZD, AUDCAD, CHFJPY.
• Experimental Pairs: USDJPY, EURJPY, EURGBP, EURNZD, GBPAUD, NZDUSD, NZDCAD
• Timeframe: M5 (5-minute charts)
• Maximum Historical Drawdown: $35-50 per 0.01 lot (based on 16-year backtest)
• Proven Effectiveness: $59967 profit since 2003 and low drawdown (less than 3%)
• Customizable lot sizes (fixed or increasing based on equity)
• Equity hard stop to prevent excessive losses
• Customizable spread filter for entry conditions
• Low Risk Strategy: No martingale or grid strategies
• Risk Management: Every trade protected by stop-loss orders

The download package of the product includes 2 versions of the product:

• Experts: (Version 1) Momentum Capture V3.1 EA.ex4 and (Version 2) GerFX Density Scalper_nodll_fix.ex4
• Presets: (Version 1) MomentumCaptureEA_selectedSymbols.set and (Version 2) AUDCAD.set, AUDNZD.set, AUDUSD.set, CHFJPY.set, EURAUD.set, EURCAD.set, EURCHF.set, EURUSD.set, GBPUSD.set, USDCAD.set, USDCHF.set
• Installation Guide from forex-hacked.com

Conclusion

The GerFX Density Scalper EA represents a thoughtful approach to automated night scalping that prioritizes risk management. By focusing on mean reversion during quiet market hours and incorporating multiple safety mechanisms, this EA aims to provide consistent results while minimizing exposure to sudden market movements.

Contact me: trent@trentbaxter.com

After the payment the download button for this software will automatically appear in your personal account. All your downloads can be always accessed via this link: https://forex-hacked.com/my-account/

If you can’t find the link, email me at trent@trentbaxter.com and I will send it to you directly.