Welcome to the Gapscalper AI Set up Guide!
This information will stroll you thru the obtain, set up, and configuration of the Knowledgeable Advisor (EA) step-by-step. Moreover, we’ll clarify all key parameters and options, guaranteeing you will have a transparent understanding of find out how to optimize the EA on 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 lots 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 holding danger underneath 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, perfect 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 advisable
- ✅ Dealer: Any dealer (ideally with low unfold) – See our advisable dealer
- ✅ Account Sort: Any (Uncooked/ECN advisable)
- ✅ Leverage: Minimal 1:20 advisable
- ✅ VPS: Really useful for 24/7 uninterrupted buying and selling (MQL5 VPS additionally potential)
After you have ensured that your buying and selling atmosphere meets these necessities, you’ll be able to proceed with the set up.
Set up
Putting in Gapscalper AI is fast and simple. Observe these steps to make sure a clean setup:
Step 1: Downloading the Knowledgeable 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 checklist 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 underneath Knowledgeable Advisors.
- Drag and drop the EA onto your XAUUSD chart window.
Step 4: Configuring the Knowledgeable Advisor
As soon as the EA is connected to the chart, a settings window will seem with two tabs:
1. Frequent Tab:
- ✔ Verify “Permit Algo Buying and selling” to allow automated buying and selling for this Knowledgeable Advisor.
2. Inputs Tab:
- This part incorporates all configurable parameters to customise the buying and selling technique.
- Check with the following part for an in depth clarification of every parameter.
Step 5: Verifying the Set up
- ✔ If the EA is put in accurately, an information panel will seem on the chart.
- ✔ Be sure that it shows “Dwell Buying and selling”, indicating that the EA is lively and prepared.
Further Sources
If that is your first time putting in an Knowledgeable Advisor, chances are you’ll check with the official MQL5 information for buying and putting in an EA in MetaTrader:
🔗 How one can Buy and Set up an Knowledgeable Advisor
Enter Parameters
Cash Administration
Cash administration is a necessary a part of buying and selling and must be adjusted primarily based in your private danger preferences.
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Lot Measurement Technique
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 (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 Measurement
This parameter defines the bottom lot measurement for buying and selling. Its habits relies on the Lot Measurement Technique:
- Fastened Lot Measurement: Each commerce will use the precise lot measurement specified on this discipline.
- Dynamic Lot Measurement: The lot measurement is calculated primarily based in your stability or fairness.
Lot Measurement Calculation
- If Dynamic (Steadiness/Fairness) is chosen, the lot measurement is calculated as the desired Lot Measurement per $1,000 of stability or fairness.
- Instance: If Lot Measurement is about 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 exterior this vary, it will likely 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 information panel underneath “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 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, bettering 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: Allows or disables buying and selling on Fridays.
- Max Unfold (factors): Units the utmost unfold at which the EA is allowed to open trades.
Vital: 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.
- How one can Verify? 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 better shedding 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 on.
- Restoration Revenue Goal (pips): Ensures a revenue when recovering trades by setting take revenue above the break-even value.
- 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 whole 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 accurately.
- Most Account Drawdown (%): Defines the whole 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 under the agency’s precise restrict.
Instance: If the agency permits 10%, setting it to 9.5% reduces the danger 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 necessary financial occasions. Restoration trades are not affected by the filter.
- Information Filter: Allows or disables the news-based buying and selling filter.
- Occasion Impression Filter: Choose which occasions to filter primarily based on their affect 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 singular identifier for the Knowledgeable Advisor. If you’re working 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 connected to every commerce and displayed within the buying and selling historical past.
- Person Interface: Allows or disables the information panel. It’s routinely turned off throughout non-visual backtesting to enhance computation pace.
- Person Interface Font Measurement: Modify this if the information panel textual content seems too small or too massive in your chart.
💡 Tip: Protecting the information panel enabled throughout reside buying and selling offers priceless insights into the EA’s present state and subsequent commerce settings.
Data Panel Overview
The Data Panel offers key real-time knowledge in regards to the EA’s standing, buying and selling situations, and necessary occasions. Beneath is a breakdown of every part:
Principal Panel
- Pip / Level Worth: Verify 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, equivalent to unfold limits and buying and selling filters, will likely be outlined right here.
💡 EA Standing Messages:
- ✅ “Dwell Buying and selling” – The EA is accurately 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 Knowledgeable!” – Allow Algo Buying and selling within the Knowledgeable 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 may 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 day by day drawdown and whole account drawdown.
- Exhibits 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)
- Impression stage (low, medium, excessive)
- Occasion identify
- You too can view extra particulars within the “Calendar” part of your MetaTrader terminal.
Honest Worth Gaps (FVG) Panel
- Shows lively FVGs (whole, bullish, bearish).
- Exhibits whether or not the final closed bar interacted with an FVG:
- Absolutely crossed an FVG
- Crossed inside or exterior an FVG
- Peaked inside or exterior an FVG
- Fully inside an FVG
- The EA’s AI mannequin makes use of this info, together with lots of of different technical knowledge factors, to find out high-probability trades.
Commerce Overview Panel (Backside Panel)
- Variety of open trades and image
- Complete open lot measurement
- Operating Revenue/Loss (P/L)
- Take Revenue value (is probably not seen on the trades themselves if utilizing a trailing take revenue)
- Subsequent entry value for restoration trades
- Lot measurement of the following commerce
🔹 Tip: The information panel offers important buying and selling insights—repeatedly 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 tremendously recognize your assist. In case you have any questions that aren’t lined on this handbook or want additional help with organising the EA, please don’t hesitate to contact us straight at any time. We try 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 comparable conditions or can supply priceless insights:
👉 Be a part of the Neighborhood Chat
🎯 Good luck along with your buying and selling! 🚀
