How to Use Golden Ratio Scalper EA
1. Applying to Chart
1. Choose a trading pair (recommended: EURUSD, GBPUSD, XAUUSD for initial testing)
2. Recommended timeframe: M30 or H1
3. Drag EA onto the chart → make sure “Allow Algo Trading” is enabled
4. Adjust parameters if needed
2. Key Parameters
Moving Averages (Trend Filter)
• InpFastMAPeriod (default 21) → short-term trend
• InpSlowMAPeriod (default 55) → long-term trend
Condition: Fast MA > Slow MA = Buy bias, Fast MA < Slow MA = Sell bias
Fibonacci Retracement
• EA finds the most recent swing high/low within InpSwingLookbackBars
• InpUseFib382 / 500 / 618 → enable which retracement levels to use
• InpFibTolerancePips (default 5) → tolerance in pips for Fib “touch”
Pivot Points (Confluence)
• Uses previous day’s pivots (P, S1–S3, R1–R3)
• InpPivotProxPips (default 10) → distance from pivot to count as valid
Risk Management
• InpUseFixedLot = true → fixed lot size (InpFixedLot)
• InpUseFixedLot = false → lot size calculated from risk % (InpRiskPercent)
• InpSLBufferPips (default 5) → extra buffer for stop loss beyond swing
• InpTP_RR (default 2.0) → target TP = Risk × RR
Breakeven & Trailing Stop
• InpEnableBE = true → enable breakeven
• InpBE_Trigger_RR (default 1.0) → move SL to BE at 1:1 RR
• InpBE_LockPips (default 2) → lock small profit beyond BE• InpEnableTrail = true → enable trailing stop
• InpTrailDistancePips (default 15) → trailing distance
3. Entry Rules
1. Trend Filter:
o Fast MA > Slow MA = Buy only
o Fast MA < Slow MA = Sell only
2. Price touches a Fibonacci level (382, 500, 618 if enabled)
3. Price is near a Pivot Point (S/R) within the set tolerance
4. Candle closes above FastMA (for Buy) or below FastMA (for Sell)
5. SL is placed beyond the swing ± buffer; TP = Risk × RR
4. Best Practices
• Always Backtest first in MT5 Strategy Tester
• Start on Demo account before going live
• Tune InpFibTolerancePips and InpPivotProxPips based on market volatility
• Works best during London & New York sessions (high volatility)
• Always keep SL & TP enabled (EA sets automatically)