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 are going to clarify all key parameters and options, making certain you’ve got a transparent understanding of optimize the EA to your buying and selling technique.
Introduction
Gapscalper AI is a complicated AI-powered buying and selling system designed to capitalize on Truthful 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 way of 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 preserving threat below 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, ultimate for merchants trying to exploit market inefficiencies by way of 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 really useful
- ✅ Dealer: Any dealer (ideally with low unfold) – See our really useful dealer
- ✅ Account Sort: Any (Uncooked/ECN really useful)
- ✅ Leverage: Minimal 1:20 really useful
- ✅ VPS: Beneficial for 24/7 uninterrupted buying and selling (MQL5 VPS additionally attainable)
After you have ensured that your buying and selling surroundings meets these necessities, you possibly can 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 record and click on Obtain to put in it.
Step 2: Making 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, be certain 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 below 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. Frequent Tab:
- ✔ Examine “Enable Algo Buying and selling” to allow automated buying and selling for this Skilled Advisor.
2. Inputs Tab:
- This part comprises all configurable parameters to customise the buying and selling technique.
- Seek advice from the following part for an in depth clarification of every parameter.
Step 5: Verifying the Set up
- ✔ If the EA is put in appropriately, an data panel will seem on the chart.
- ✔ Be certain that it shows “Reside Buying and selling”, indicating that the EA is lively and prepared.
Extra Sources
If that is your first time putting in an Skilled Advisor, you could check with the official MQL5 information for buying and putting in an EA in MetaTrader:
🔗 The right way to Buy and Set up an Skilled Advisor
Enter Parameters
Cash Administration
Cash administration is a necessary a part of buying and selling and needs to be adjusted primarily based in your private threat preferences.
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Lot Measurement Methodology
This parameter determines how the lot measurement is calculated for every commerce. You possibly can select from three choices:
- Fastened Lot Measurement: Makes use of a set lot measurement for every commerce, as outlined within the Lot Measurement parameter.
- Dynamic (Stability): 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 Measurement
This parameter defines the bottom lot measurement for buying and selling. Its conduct depends upon the Lot Measurement Methodology:
- Fastened Lot Measurement: Each commerce will use the precise lot measurement specified on this subject.
- Dynamic Lot Measurement: The lot measurement is calculated primarily based in your stability or fairness.
Lot Measurement Calculation
- If Dynamic (Stability/Fairness) is chosen, the lot measurement is calculated as the required Lot Measurement per $1,000 of stability or fairness.
- Instance: If Lot Measurement 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 will likely be 0.5 × (1,200 ÷ 1,000) = 0.6 tons.
Brokerage Lot Measurement Limits
Brokers set minimal and most lot measurement limits. If the calculated lot measurement is outdoors this vary, it is going to be routinely adjusted.
- Instance: In case your calculated lot measurement is 0.005, however your dealer’s minimal lot measurement is 0.01, your lot measurement will likely be elevated to 0.01.
You possibly can test the lot measurement of your subsequent commerce within the data panel below “Subsequent Tons” (backside proper of the panel).
Buying and selling Settings
- Take Revenue Sort: Select between Fastened or Trailing.
- Take Revenue (pips): Units the take revenue degree 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 features.
- 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 few minutes of the session.
- Commerce on Friday: Allows 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, alter your settings accordingly.
- The right way to Examine? Confirm within the data panel in your chart.
- Instance Adjustment: In case your dealer makes use of 0.001, enhance the default Max Unfold from 60 to 600.
Truthful Worth Hole (FVG) Settings
Gapscalper AI displays 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 dropping positions by strategically including trades when the market strikes in opposition to 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 will likely be positioned at -300 pips, -600 pips, and so forth.
- 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 normally strict most complete drawdown and day by day drawdown limits. These settings assist routinely shut all trades earlier than exceeding these limits.
- Drawdown Limiter: Allows or disables drawdown safety.
- Preliminary Account Measurement: 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 will likely be closed.
- Most Every day Drawdown (%): Units the day by day drawdown restrict at which all positions will likely be closed.
💡 Tip: Set your drawdown restrict barely beneath the agency’s precise restrict.
Instance: If the agency permits 10%, setting it to 9.5% reduces the chance of exceeding it on account of execution delays.
As soon as the restrict is reached, all open positions will likely be routinely closed.
Information Filter Settings
These settings assist keep away from opening new positions throughout vital financial occasions. Restoration trades are not affected by the filter.
- Information Filter: Allows or disables the news-based buying and selling filter.
- Occasion Affect Filter: Choose which occasions to filter primarily based on their affect degree (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. In case you are operating a number of EAs in the identical terminal, make sure that every EA has a unique 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: Allows or disables the data panel. It’s routinely turned off throughout non-visual backtesting to enhance computation velocity.
- Person Interface Font Measurement: Alter this if the data panel textual content seems too small or too massive in your chart.
💡 Tip: Holding the data panel enabled throughout dwell buying and selling offers worthwhile insights into the EA’s present state and subsequent commerce settings.
Information Panel Overview
The Information Panel offers key real-time information concerning the EA’s standing, buying and selling situations, and vital occasions. Beneath is a breakdown of every part:
Most important Panel
- Pip / Level Worth: Examine this worth to make sure it matches your dealer’s settings. If wanted, alter parameters accordingly (see description above).
- Displayed Settings: A few of your chosen settings, similar to unfold limits and buying and selling filters, will likely be outlined right here.
💡 EA Standing Messages:
- ✅ “Reside 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 (Frequent 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 sort 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 day by day drawdown and complete account drawdown.
- Reveals an account well being indicator – when it reaches 0%, all open positions will likely be closed.
Upcoming Monetary Occasions Panel
- Shows the following 5 main financial occasions, together with:
- Time of the occasion
- Countdown (hours/minutes from now)
- Affect degree (low, medium, excessive)
- Occasion title
- You can even view extra particulars within the “Calendar” part of your MetaTrader terminal.
Truthful Worth Gaps (FVG) Panel
- Shows lively FVGs (complete, bullish, bearish).
- Reveals whether or not the final closed bar interacted with an FVG:
- Absolutely crossed an FVG
- Crossed inside or outdoors an FVG
- Peaked inside or outdoors an FVG
- Utterly inside an FVG
- The EA’s AI mannequin makes use of this data, 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
- Working 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 following commerce
🔹 Tip: The data panel offers important buying and selling insights—repeatedly monitor it to remain up to date in your EA’s efficiency!
Ultimate Notes
Thanks for selecting Gapscalper AI and for putting your belief in us! We vastly respect your help. In case you have any questions that aren’t coated on this guide or want additional help with establishing the EA, please don’t hesitate to contact us instantly at any time. We attempt to reply as shortly as attainable:
👉 Contact Us
Moreover, you may additionally wish to put up your query locally chat group, the place different customers might have encountered comparable conditions or can supply worthwhile insights:
👉 Be a part of the Group Chat
🎯 Good luck together with your buying and selling! 🚀