BOBOT SCALPER PRO 5 - SETTINGS AND PARAMETERS EXPLAINED

Bobot Scalper Pro 5 — Settings, Risk Management, and Recommended Workflow

Primary focus

A walkthrough of recommended parameters and risk controls for the Bobot Scalper Pro 5 automated trading bot. Emphasis is on tuning per broker (spread/slippage), backtesting, conservative position sizing, and using filters and confirmation rules to reduce false entries.

Assets / instruments mentioned

• Gold (XAU, referred to as “Gold”) — used as an explicit example for TP/SL and volatility considerations.
• General FX / CFD-style trading (no specific tickers or ETFs provided).
• Indicators referenced: MACD, Stochastic, RSI, Moving Average (MA 200).
• Trading features referenced: Take Profit (TP) / Stop Loss (SL), Trailing Stop (TSL), trend filter, support/resistance (SR) filter, position limits, daily profit target.

Explicit numeric settings and example values

• Preferred chart/timeframe: 15-minute (stated as “best for us”).
• MACD / Stochastic indicator timeframe examples: 5-minute (if chosen; you may select based on setup).
• Take Profit (TP): $40 (example / presenter default).
• Stop Loss (SL) for Gold: $50 (example; justified by Gold volatility).
• Trailing Stop:
  • Trailing start: trailing when profit reaches 7 (unit = price/$ depending on instrument).
  • Trailing percent default: 50% → trailing distance becomes 3.5 (example).
  • Alternative example: 10% → trailing distance 0.7.
• Trend filter: MA period 200 on 30-minute timeframe to determine trend direction.
• SR filter scan: 5-minute timeframe scanning back ~75 candles to build support/resistance zones.
• Minimum distance between entries: recommended 3–5 (units = price distance / pips depending on instrument) to avoid overlapping entries.
• Max drawdown trigger: 50% equity drawdown configured to close positions (example safety cutoff).
• Equity-per-slot sizing guidance: 1 order per direction per $200 equity (conservative).
• Daily profit target example: $30 (when reached, bot stops opening new trades for the day).
• Recommended maximum open trades per direction: enable limits (no exact number provided; use conservative limits).

Strategy & methodology — step-by-step framework

1. Obtain and enable a personal license (the bot requires a personal license).
2. Backtest on your specific account equity and broker conditions (spreads, slippage) before going live.
3. Choose core signal strategies:
   • Use MACD and Stochastic entries together for stronger confluence.
   • MACD-only or Stochastic-only setups exist, but the combo reduces false entries.
   • Avoid changing Stochastic default overbought/oversold levels unless you understand consequences.
4. Select timeframes:
   • Presenter prefers a 15-minute chart overall.
   • Example: indicators on 5-minute frames for quicker signals.
5. Configure TP/SL and Trailing Stop:
   • Set TP/SL consistent with instrument volatility (Gold example: TP $40 / SL $50).
   • Configure trailing start and trailing percent relative to spread/slippage and volatility.
   • Avoid setting trailing start too low (presenter advises not to go below 2).
6. Enable filters:
   • Trend filter: MA200 on 30-min to allow trades only in trend direction.
   • SR filter: scan 75 candles on 5-min to avoid trades too close to SR zones.
   • Confirmation candle(s): require prior candle structure confirmation before executing.
7. Set risk controls:
   • Max open buy/sell trades.
   • Max drawdown auto-close (example: 50%).
   • Minimum distance between entries.
   • Equity-per-slot sizing (example: 1 order per direction per $200).
   • Daily profit target to pause trading when reached.
8. Test on a demo account, adjust for your broker (spread, slippage) and equity, then go live.

Key behavioral and operational notes / cautions

• Tune settings per broker: performance depends heavily on spread and slippage.
• Conservative filter settings reduce trades and may survive stress events but can trade infrequently (sometimes only a few trades per month).
• Bots have been hit by extreme market moves (presenter referenced losses during March driven by war/macro volatility). Past performance does not guarantee future results.
• Auto-choose buy/sell:
  • If true: bot can automatically choose direction (still subject to trend filter).
  • If false: you can force buys or sells manually, but other filters still apply.
• Minimum distance between entries helps prevent repeated entries at nearly the same price during consolidation.
• Avoid setting trailing start too close to spread/slippage; trailing start below 2 is discouraged.

Note: Many cautions were emphasized — backtest and adapt settings, and do not rely solely on default values.

Recommendations

• Backtest thoroughly and use a demo account to tune for your broker’s spread, slippage, and your account equity.
• Start conservative:
  • Example sizing: 1 order per direction per $200 equity.
  • Limit maximum open trades and use daily profit caps.
• Use MACD + Stochastic confluence, confirmation candles, and trend/SR filters for higher-quality entries.
• Match TP/SL and trailing strategy to instrument volatility (Gold requires wider SL in the presenter’s example).

Disclaimers and presenter cautions

• The presenter stressed that the bot is not perfect; many bots were negatively affected during extreme market events.
• Past recoveries or historical performance do not guarantee future results.
• Multiple cautions to test and adapt settings were given throughout the presentation.

Presenters and sources

• Video presenter: unnamed host / Bobot Scalper Pro 5 creator/demo instructor.
• References mentioned: Bobot Scalper Pro 5 team/tool, MQL community, and community “bot makers in the GC.”