Welcome to the Gapscalper AI Set up Guide!
This information will stroll you thru the obtain, set up, and configuration of the Skilled Advisor (EA) step-by-step. Moreover, we’ll clarify all key parameters and options, making certain you could have a transparent understanding of the way to optimize the EA in your buying and selling technique.
Introduction
Gapscalper AI is a complicated AI-powered buying and selling system designed to capitalize on Honest Worth Gaps (FVGs). It integrates tons of of technical indicators with real-time FVG detection to evaluate whether or not the value is prone to bounce off an FVG or break by it.
The EA makes use of an AI mannequin educated with reinforcement studying, enabling it to acknowledge high-probability commerce setups primarily based on market construction, liquidity imbalances, and historic patterns. It applies each normal and inverse FVG buying and selling methods, maximizing commerce effectivity whereas conserving danger beneath management.
By combining AI-driven decision-making, technical evaluation, and market construction analysis, Gapscalper AI provides a highly effective, data-driven buying and selling strategy, ideally suited for merchants trying to exploit market inefficiencies by automation.
Earlier than You Start – Key Necessities
Earlier than putting in Gapscalper AI, make sure that your buying and selling setup meets the next necessities:
- ✅ Image: XAUUSD (Gold)
- ✅ Timeframe: Any
- ✅ Capital: Minimal $100 beneficial
- ✅ Dealer: Any dealer (ideally with low unfold) – See our beneficial dealer
- ✅ Account Kind: Any (Uncooked/ECN beneficial)
- ✅ Leverage: Minimal 1:20 beneficial
- ✅ VPS: Really useful for 24/7 uninterrupted buying and selling (MQL5 VPS additionally potential)
After getting ensured that your buying and selling surroundings meets these necessities, you may proceed with the set up.
Set up
Putting in Gapscalper AI is fast and straightforward. Observe these steps to make sure a easy setup:
Step 1: Downloading the Skilled Advisor
- Log in to your MQL5 account inside your MetaTrader platform.
- Open the Navigator window and go to the “Purchases” part.
- Find Gapscalper AI in your bought merchandise listing and click on Obtain to put in it.
Step 2: Getting ready Your Buying and selling Chart
- Log in to your brokerage account.
- Open a brand new XAUUSD (Gold) chart:
- File → New Chart → XAUUSD
Step 3: Enabling Algo Buying and selling
- In MetaTrader, ensure Algo Buying and selling is enabled:
- Click on “Algo Buying and selling” within the prime toolbar (it ought to flip inexperienced).
- Within the Navigator window, find Gapscalper AI beneath Skilled Advisors.
- Drag and drop the EA onto your XAUUSD chart window.
Step 4: Configuring the Skilled Advisor
As soon as the EA is hooked up to the chart, a settings window will seem with two tabs:
1. Widespread Tab:
- ✔ Examine “Enable Algo Buying and selling” to allow automated buying and selling for this Skilled Advisor.
2. Inputs Tab:
- This part accommodates all configurable parameters to customise the buying and selling technique.
- Seek advice from the subsequent part for an in depth rationalization of every parameter.
Step 5: Verifying the Set up
- ✔ If the EA is put in appropriately, an information panel will seem on the chart.
- ✔ Be certain that it shows “Stay Buying and selling”, indicating that the EA is lively and prepared.
Further Assets
If that is your first time putting in an Skilled Advisor, it’s possible you’ll consult with the official MQL5 information for buying and putting in an EA in MetaTrader:
🔗 Buy and Set up an Skilled Advisor
Enter Parameters
Cash Administration
Cash administration is an important a part of buying and selling and needs to be adjusted primarily based in your private danger preferences.
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Lot Dimension Methodology
This parameter determines how the lot measurement is calculated for every commerce. You may select from three choices:
- Mounted Lot Dimension: Makes use of a set lot measurement for every commerce, as outlined within the Lot Dimension parameter.
- Dynamic (Steadiness): Adjusts the lot measurement dynamically primarily based in your account stability.
- Dynamic (Fairness): Adjusts the lot measurement dynamically primarily based in your account fairness.
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Lot Dimension
This parameter defines the bottom lot measurement for buying and selling. Its conduct will depend on the Lot Dimension Methodology:
- Mounted Lot Dimension: Each commerce will use the precise lot measurement specified on this area.
- Dynamic Lot Dimension: The lot measurement is calculated primarily based in your stability or fairness.
Lot Dimension Calculation
- If Dynamic (Steadiness/Fairness) is chosen, the lot measurement is calculated as the desired Lot Dimension per $1,000 of stability or fairness.
- Instance: If Lot Dimension is ready to 0.5 and your stability is $1,200, the EA will calculate:
- 0.5 tons per $1,000 → With a stability of $1,200, the lot measurement shall be 0.5 × (1,200 ÷ 1,000) = 0.6 tons.
Brokerage Lot Dimension Limits
Brokers set minimal and most lot measurement limits. If the calculated lot measurement is exterior this vary, will probably be mechanically adjusted.
- Instance: In case your calculated lot measurement is 0.005, however your dealer’s minimal lot measurement is 0.01, your lot measurement shall be elevated to 0.01.
You may examine the lot measurement of your subsequent commerce within the information panel beneath “Subsequent Tons” (backside proper of the panel).
Buying and selling Settings
- Take Revenue Kind: Select between Mounted or Trailing.
- Take Revenue (pips): Units the take revenue stage in pips.
- Trailing Take Revenue (pips): Strikes the cease loss to this distance as soon as the take revenue is reached, trailing the value to maximise positive factors.
- Cease Loss (pips): Units the preliminary cease loss in pips.
- Trailing Entry (pips): The EA locations trailing pending orders at this distance, enhancing entry if the value pulls again earlier than execution.
- No New Trades Earlier than Session Shut: Prevents opening new trades in the previous couple of minutes of the session.
- Commerce on Friday: Permits or disables buying and selling on Fridays.
- Max Unfold (factors): Units the utmost unfold at which the EA is allowed to open trades.
Essential: Dealer-Particular Pip/Level Settings
Some brokers use completely different decimal locations for XAUUSD (Gold). The EA assumes a level worth of 0.01. In case your dealer makes use of 0.001, regulate your settings accordingly.
- Examine? Confirm within the information panel in your chart.
- Instance Adjustment: In case your dealer makes use of 0.001, enhance the default Max Unfold from 60 to 600.
Honest Worth Hole (FVG) Settings
Gapscalper AI screens FVGs on the H1 timeframe no matter your chart’s timeframe.
- FVG Expiry Time (minutes): Defines how lengthy an FVG stays legitimate earlier than being ignored.
- Minimal Hole for FVG (factors): Units the minimal FVG measurement required for buying and selling.
Restoration System
The restoration system helps get well shedding positions by strategically including trades when the market strikes towards the preliminary place.
- Max Restoration Trades: Units the utmost variety of restoration trades. Set to 0 to disable.
- Restoration Trades Distance (pips): Defines the spacing between restoration trades. Instance: If set to 300 pips, restoration trades shall be positioned at -300 pips, -600 pips, and so on.
- Restoration Revenue Goal (pips): Ensures a revenue when recovering trades by setting take revenue above the break-even worth.
- Restoration Lot Multiplier: Will increase lot measurement for every restoration commerce. Instance: If the primary commerce is 0.2 tons and the multiplier is 1.5, the primary restoration commerce is 0.3 tons, the second 0.45 tons, and so forth.
Prop Agency Settings
When buying and selling on a prop agency account, there are often strict most complete drawdown and each day drawdown limits. These settings assist mechanically shut all trades earlier than exceeding these limits.
- Drawdown Limiter: Permits or disables drawdown safety.
- Preliminary Account Dimension: Set the beginning stability of your prop agency account to calculate drawdown appropriately.
- Most Account Drawdown (%): Defines the complete drawdown restrict at which all positions shall be closed.
- Most Every day Drawdown (%): Units the each day drawdown restrict at which all positions shall be closed.
💡 Tip: Set your drawdown restrict barely under the agency’s precise restrict.
Instance: If the agency permits 10%, setting it to 9.5% reduces the danger of exceeding it because of execution delays.
As soon as the restrict is reached, all open positions shall be mechanically closed.
Information Filter Settings
These settings assist keep away from opening new positions throughout essential financial occasions. Restoration trades are not affected by the filter.
- Information Filter: Permits or disables the news-based buying and selling filter.
- Occasion Influence Filter: Choose which occasions to filter primarily based on their influence stage (Excessive, Medium, or Low).
- Filter Trades n Minutes Earlier than Occasion: Units what number of minutes earlier than an occasion the EA ought to cease opening new trades.
- Filter Trades n Minutes After Occasion: Units what number of minutes after an occasion the EA ought to resume regular buying and selling.
Normal Settings
- Magic Quantity: A novel identifier for the Skilled Advisor. If you’re operating a number of EAs in the identical terminal, make sure that every EA has a distinct Magic Quantity to keep away from conflicts.
- Commerce Remark: A customizable textual content that’s hooked up to every commerce and displayed within the buying and selling historical past.
- Person Interface: Permits or disables the information panel. It’s mechanically turned off throughout non-visual backtesting to enhance computation pace.
- Person Interface Font Dimension: Modify this if the information panel textual content seems too small or too massive in your chart.
💡 Tip: Protecting the information panel enabled throughout stay buying and selling offers useful insights into the EA’s present state and subsequent commerce settings.
Information Panel Overview
The Information Panel offers key real-time information in regards to the EA’s standing, buying and selling circumstances, and essential occasions. Under is a breakdown of every part:
Predominant Panel
- Pip / Level Worth: Examine this worth to make sure it matches your dealer’s settings. If wanted, regulate parameters accordingly (see description above).
- Displayed Settings: A few of your chosen settings, comparable to unfold limits and buying and selling filters, shall be outlined right here.
💡 EA Standing Messages:
- ✅ “Stay Buying and selling” – The EA is appropriately arrange and buying and selling.
- ❌ “ERROR: Automated buying and selling is disabled for this Terminal!” – Allow Algo Buying and selling for the Metatrader Terminal (prime bar).
- ❌ “ERROR: Automated buying and selling is disabled for this Skilled!” – Allow Algo Buying and selling within the Skilled Advisor’s settings (Widespread tab).
- ❌ “ERROR: Buying and selling is disabled for this Image!” – Your dealer doesn’t enable buying and selling this instrument. Contact your dealer for clarification.
- ❌ “ERROR: Dealer disabled Buying and selling for this Account!” – Your dealer restricted buying and selling on this account. This will occur in case your stability is zero or if the account kind has limitations.
- ❌ “ERROR: Dealer disabled Automated Buying and selling!” – The dealer doesn’t allow automated buying and selling methods. Contact them for extra particulars.
Drawdown Limits Panel
- Shows each day drawdown and complete account drawdown.
- Reveals an account well being indicator – when it reaches 0%, all open positions shall be closed.
Upcoming Monetary Occasions Panel
- Shows the subsequent 5 main financial occasions, together with:
- Time of the occasion
- Countdown (hours/minutes from now)
- Influence stage (low, medium, excessive)
- Occasion identify
- You can even view extra particulars within the “Calendar” part of your MetaTrader terminal.
Honest Worth Gaps (FVG) Panel
- Shows lively FVGs (complete, bullish, bearish).
- Reveals whether or not the final closed bar interacted with an FVG:
- Totally crossed an FVG
- Crossed inside or exterior an FVG
- Peaked inside or exterior an FVG
- Utterly inside an FVG
- The EA’s AI mannequin makes use of this info, together with tons of of different technical information factors, to find out high-probability trades.
Commerce Overview Panel (Backside Panel)
- Variety of open trades and image
- Whole open lot measurement
- Operating Revenue/Loss (P/L)
- Take Revenue worth (might not be seen on the trades themselves if utilizing a trailing take revenue)
- Subsequent entry worth for restoration trades
- Lot measurement of the subsequent commerce
🔹 Tip: The information panel offers important buying and selling insights—frequently monitor it to remain up to date in your EA’s efficiency!
Closing Notes
Thanks for selecting Gapscalper AI and for putting your belief in us! We significantly admire your help. In case you have any questions that aren’t lined on this guide or want additional help with organising the EA, please don’t hesitate to contact us straight at any time. We attempt to reply as rapidly as potential:
👉 Contact Us
Moreover, you might also wish to publish your query in the neighborhood chat group, the place different customers might have encountered related conditions or can provide useful insights:
👉 Be part of the Neighborhood Chat
🎯 Good luck along with your buying and selling! 🚀
