Description
Paramour Godfather EA Meta Trader 4 Version P1 is a forex expert advisor built on a scalping strategy, aiming to generate steady profits. It supports all currency pairs as well as Gold and requires just a $100 minimum deposit to get started. Equipped with a news filter, the EA avoids trading during major economic events, helping traders manage risk effectively.
One of its standout features is the ability to dynamically adjust take profit levels according to market conditions. This allows traders to capitalize on short-term price movements without exposing themselves to unnecessary risks. Furthermore, the integrated news filter helps reduce potential losses by steering clear of volatile market periods.
Review and Backtest
The backtesting results of Paramour Godfather EA Version P1 highlight its strong profit potential. With a starting capital of $100, the EA generated a total profit of $847 over a 9-month period, maintaining a maximum drawdown of just 8.8%. The test was conducted on Gold, demonstrating the EA’s reliability, high safety, and impressive earning capability.
Initial Capital: $100
Total Earnings: $847.24
Max Drawdown: 8.8%
Profit Factor: 8.47
Winning Rate: 88.24%
Testing Duration: 9 consecutive months of trading
Key Features
Key Features:
- Scalping Strategy: Designed to capture quick profits from short-term price fluctuations.
- News Filter: Avoids trading during major economic events to minimize risk.
- Dynamic Take Profit: Adjusts TP levels in real time based on market conditions.
- Risk Management: Includes stop loss (SL) and profit control settings to limit drawdowns.
- Optimized for Low Costs: Works best with low-spread and low-commission brokers.
Additional Benefits:
- Flexible Trade Exits: Can close positions through take profit or a combination of strategies.
- Versatile Market Compatibility: Supports all currency pairs and gold for diverse trading opportunities.
- Customizable Settings: Tailor the EA’s strategy and risk management to fit your trading style.
Settings and Recommendations
- Minimum Deposit: Requires at least $100 to start trading.
- Best Performance: Optimized for major currency pairs and XAUUSD but works on all pairs.
- Ideal Timeframes: Performs best on M1 and M5 but is compatible with all timeframes.
- VPS Recommended: To ensure stable performance, use a VPS with low latency and uninterrupted connectivity.
- Optimal Trading Conditions: A low-spread, low-commission account with fast execution is highly recommended.
- Demo Testing First: Run the EA on a demo account for at least a week to understand its functionality before switching to live trading.
- News Filter Limitation: The News Filter does not function in backtesting, making backtest results less reliable as it normally helps filter out high-risk trades.
- Market Sensitivity: Performance can be affected by slippage, high spreads, and slow order execution.
Why Choose PARAMOUR Godfather EA?
Steady Profitability: Achieve consistent gains without prolonged drawdown periods, ensuring reliability and resilience in the ever-changing forex market.
Minimal Drawdown: Designed for precise trade execution, this EA keeps drawdowns low, reducing the need for a large capital investment while maintaining strong risk management.
Intuitive News Filtering: Effortlessly integrate a news filter into your strategy, pulling data from trusted sources with fully customizable settings to match your trading style.
Market-Responsive Trading: Adapt to market fluctuations by assessing news impact, allowing for well-informed trading decisions in line with current trends.
Download through Membership Plans
You can download it along with other EAs/Indicators and tools through our membership plan. This makes it an affordable option for you.
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kannazi –
Paramour Godfather EA P1 is an outstanding trading robot! It delivers consistent profits with low drawdown, thanks to its smart scalping strategy and news filter. The dynamic take profit adjustment ensures optimal gains, and it runs smoothly on a VPS. Highly recommended for traders seeking stability and profitability!