🔍 From subscriber‼️
🤖 EA name: PARAMOUR Godfather
📦 Version: P1
💻 Platform: MT4
🛠Vendor/Source: –
📈 Strategy: Scalping/Overstayer
⏰ Timeframe: m5
🌍 Currency pairs: XAUUSD
🌓 Trading time: Day trading session
⚠️ Attention: The test will not be performed before 2023
⚠️ Attention: Recommended best VPS, BROker
📊 Monitorings found: –
🔬Monitoring by ea_forexlab: –
⏳ Test period: 2023.01.01 – 2024.04.29
🏛 Tick Data Provider: Darwinex (TDSv2)
🧭 GMT: +2; DST: US
Real spread: ✅
Slippage: ❌
In order to download an adviser with tests, go to our telegram channel 👇
PARAMOUR Godfather EA is a sophisticated Expert Advisor (EA) for MetaTrader 4, designed for day trading on the XAUUSD (gold) market. Operating on the M5 timeframe, this EA combines a scalping strategy with an overstayer approach, allowing it to adapt to both rapid price movements and longer trends when conditions are favorable. Tailored for the unique dynamics of the XAUUSD pair, PARAMOUR Godfather EA is built to deliver consistent performance throughout the day trading session, leveraging both short-term and extended trading strategies.
Scalping and Overstayer Hybrid Strategy
PARAMOUR Godfather EA utilizes a dual approach that combines scalping with an overstaying technique. This hybrid strategy is specifically designed to adapt to the unique behavior of XAUUSD, making it highly effective in different market environments.
- Scalping: The EA focuses on quick entries and exits to capture small, frequent profits. Using the M5 timeframe, PARAMOUR Godfather EA identifies short-term opportunities, executing trades with precision to take advantage of minor price changes. This approach is ideal for day trading sessions when liquidity and volatility provide multiple entry points.
- Overstayer: In addition to scalping, PARAMOUR Godfather EA incorporates an overstayer component. When the EA detects strong trends, it holds positions longer than typical scalping trades, aiming to maximize gains from significant price moves. This dual strategy allows the EA to dynamically adjust to favorable trends, ensuring it doesn’t miss larger profit opportunities when the market conditions align.
Optimized for Day Trading on XAUUSD
PARAMOUR Godfather EA is tailored for the day trading session on XAUUSD, which is known for its high liquidity and volatility. By focusing on XAUUSD specifically, the EA can optimize its strategy for the unique price action and trading patterns of gold, a market well-suited for both short-term scalping and longer trades. This focus ensures that the EA operates effectively during the most active trading hours, maximizing profitability in line with XAUUSD’s natural fluctuations.
The M5 timeframe provides the ideal balance for day trading, allowing PARAMOUR Godfather EA to capture rapid price movements without excessive noise. By working on this timeframe, the EA is able to execute multiple trades throughout the day, balancing frequency with precision. This setup is perfect for traders looking to engage in active, hands-on trading during key market hours.
Intelligent Risk Management in PARAMOUR Godfather EA
PARAMOUR Godfather EA is equipped with robust risk management features, allowing users to customize parameters based on their individual risk tolerance and trading objectives. Key risk management options include adjustable stop-loss and take-profit settings, as well as dynamic position sizing that adapts to account balance. The EA also integrates advanced risk controls that limit exposure and prevent excessive drawdowns.
The EA avoids high-risk methods such as martingale and grid systems, relying instead on a single-entry approach with clearly defined risk limits. This conservative risk management ensures that EA operates in a safe and controlled manner, making it suitable for both experienced and cautious traders. By focusing on controlled risk, the EA can maintain account stability while pursuing consistent returns in the gold market.
Key Features of PARAMOUR Godfather EA
- Dual Strategy (Scalping + Overstayer): The EA’s hybrid approach allows it to capture both short-term profits through scalping and larger gains through overstaying when trends are favorable.
- Optimized for XAUUSD: Focused specifically on the gold market, the EA is tuned to the unique volatility and liquidity patterns of XAUUSD.
- M5 Timeframe for Precision: Operating on the M5 timeframe, PARAMOUR Godfather EA achieves an optimal balance between trade frequency and precision, ideal for active day trading.
- Customized Risk Management: Adjustable stop-loss, take-profit, and position sizing options provide flexibility to align the EA’s risk profile with individual preferences.
- Safe, Non-Martingale Approach: The EA avoids grid and martingale strategies, focusing instead on single-entry trades with controlled risk, ensuring stability over time.
Proven Performance through Backtesting
PARAMOUR Godfather EA has been rigorously backtested on historical XAUUSD data, demonstrating its ability to generate consistent returns in various market conditions. The backtests reveal a smooth equity curve with manageable drawdowns, showcasing the EA’s ability to adapt to both volatile and stable market periods. The hybrid scalping and overstayer strategy has proven effective, allowing EA to deliver steady results across a range of scenarios.
Live trading performance aligns closely with backtested results, highlighting the EA’s reliability in real-world trading environments. The M5 timeframe provides frequent trading opportunities, and the day trading session focus ensures that EA capitalizes on the best market conditions for scalping and trend-following on gold.
Ideal for Active Gold Traders PARAMOUR Godfather EA
PARAMOUR Godfather EA is an excellent choice for traders who want to engage actively in the gold market with a robust, AI-enhanced strategy. It is particularly suited for those interested in day trading on XAUUSD, seeking to combine quick scalping profits with the potential for larger gains on strong trends. Its customizable risk management and intelligent approach to trade timing make it suitable for both experienced traders and those looking to optimize their trading on the gold market.
Conclusion
PARAMOUR Godfather EA for MT4 is a powerful trading tool that blends scalping with an overstayer approach, specifically designed for day trading XAUUSD on the M5 timeframe. Its hybrid strategy, continuous day trading session focus, and intelligent risk management offer a balanced, versatile approach to gold trading. With its ability to adapt to both rapid and extended market moves, PARAMOUR Godfather EA provides a reliable solution for traders looking to maximize their returns in the dynamic XAUUSD market.