Super Scalper Gold Killer MT5 Settings Review: Detailed Parameter Analysis
๐งฉWhat is Super Scalper Gold Killer MT5?
The settings determine how Super Scalper Gold Killer MT5 manages risk, opens trades, and controls trading time. Below is a detailed breakdown of each parameter and what it means for real-life trading performance.
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๐งฉAccount Settings and Risk Control
Lot For Open New Position: 0.01
This parameter specifies the fixed lot size used for opening new trades.
- 0.01 lot is a conservative setting suitable for small accounts or users who want minimal exposure.
- Ideal for reducing drawdown and testing the EA safely.
Magic Number: 1
The Magic Number uniquely identifies trades opened by this EA.
- Setting it to 1 prevents interference with other EAs or manual trades.
- Useful for proper performance tracking and trade management.
Max Profit Per Day: 500.0
This is a daily profit cap.
- When total daily profit reaches 500 USD, the EA stops trading.
- Helps lock in profits and avoid overtrading during volatile periods.
Auto Cut When Minus: -999999.0
This setting defines the maximum acceptable daily loss before the EA shuts down.
- A value of -999999 effectively disables the loss-cutting feature.
- This means no automatic stop will trigger regardless of drawdown.
โ ๏ธ High-risk configuration โ traders should adjust this to a realistic negative threshold.
๐งฉTrading Time Settings
Start Trading Hour/Minute: 0:00
End Trading Hour/Minute: 23:59
These values allow the EA to trade 24 hours per day.
- Super Scalper strategies often rely on continuous market monitoring, so this setting aligns well with scalping logic.
- However, traders may want to restrict trading during low-liquidity periods to reduce slippage and spread impact.
๐งฉFinal Conclusion
The configuration shown for the Super Scalper Gold Killer MT5 is designed for continuous, low-risk-lot, high-profit-target trading, but it contains a potentially dangerous setting:
- Pros:
โ Safe lot size (0.01)
โ Clear daily profit target (500 USD)
โ 24/7 trading flexibility
โ Proper Magic Number for trade identification - Cons / Risks:
โ โAuto Cut When Minusโ set to -999999 disables loss protection, which can expose the account to unlimited drawdown.
โ 24-hour trading may cause unnecessary trades during high-spread hours.
Overall, the settings suggest a strategy that aims to accumulate profits aggressively while relying on a small lot for safety. However, traders should consider enabling a realistic daily loss limit to protect capital more effectively.
