AXIS and LINK Neural EAs for MT5 parameters – My Trading – 8 January 2025

Welcome to the configuration information for the AXIS Skilled Advisor (EA) and LINK Neural for MetaTrader 5. This information is designed that will help you perceive every configuration parameter and the way it impacts the EA’s buying and selling technique. Think about you might be in a category, and I’ll clarify every part step-by-step.

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SYMBOL 1 SETTINGS

These parameters management every part associated to the first image (for instance, EURUSD, GBPUSD) that the EA will deal with.

• First image to commerce

  • What’s it?: That is the title of the forex pair or monetary instrument the place trades can be executed.
  • Why is it vital?: The EA must know which market to function in. If you happen to enter a logo that your dealer doesn’t acknowledge (for instance, EURUSD as a substitute of EURUSD.m or EURUSD-ECN), no orders can be opened.
  • Utilization instance: In case your dealer makes use of “EURUSD” as is, go away it that manner. If it makes use of suffixes, ensure to enter the precise title.

• Magic quantity for the primary image

  • What’s it?: A particular quantity that the EA makes use of to “mark” its personal trades, stopping confusion with handbook trades or different EAs.
  • Why is it vital?: If two EAs use the identical magic quantity, they may intrude with one another. Consider every magic quantity as a “barcode” in your positions.
  • Utilization instance: In case you have a number of EAs, every ought to have a special magic quantity (for instance, 8834, 8835, and many others.).

• Allow buying and selling for the primary image

  • What’s it?: A swap (true/false) that determines whether or not the EA will open and handle trades for this image.
  • Why is it vital?: Generally you need to briefly disable a logo with out eradicating it from the configuration. If set to false, the EA won’t open trades however will proceed operating for different enabled symbols.
  • Utilization instance: If you happen to detect that EURUSD is simply too unstable, you’ll be able to disable it in real-time with out affecting the configuration of different pairs.

• Take revenue in factors for image 1

  • What’s it?: Defines the variety of “factors” (not pips instantly, however factors) at which the commerce can be closed with a revenue.
  • Why is it vital?: The Take Revenue is the revenue goal. The decrease it’s, the sooner the commerce will shut with positive factors, nevertheless it may additionally miss out if the value continues shifting in your favor.
  • Utilization instance: If you happen to set 450 with a dealer that makes use of 5 digits for EURUSD, you might be searching for 45 pips (as a result of 10 factors = 1 pip).

• Step measurement for image 1

  • What’s it?: A distance in factors to open extra positions (a type of “grid”) when a commerce is already open.
  • Why is it vital?: If the value strikes in opposition to or in favor of you (relying on the EA’s logic), extra positions might be added every time this “step” is met.
  • Utilization instance: With 40 factors (4 pips in 5 digits), the EA might open one other order when the value strikes 4 pips away from the final entry. The smaller the step, the sooner positions are added (greater danger).

• Lot multiplier coefficient for image 1

  • What’s it?: Every time an additional commerce is opened (grid), this worth signifies how a lot the lot is “multiplied”.
  • Why is it vital?: It permits rising (or lowering) the dimensions of every new commerce, probably rising earnings but in addition dangers.
  • Utilization instance: With a worth of 1.3, in the event you begin with 0.01 tons, the following commerce (if opened) can be 0.013 (rounded in accordance with the dealer’s guidelines), then 0.0169, and so forth.

Be aware: These similar 6 parameters are precisely repeated for Image 2 and Image 3, solely with their very own values and magic numbers. Rigorously evaluate every “SYMBOL X SETTINGS” to keep away from confusion.

SYMBOL 2 SETTINGS

Features identically to SYMBOL 1 SETTINGS however for a second monetary instrument.

• Second image to commerce: Identify of the instrument (for instance, GBPUSD).
• Magic quantity for the second image: Particular magic quantity.
• Allow buying and selling for the second image: Allow/disable.
• Take revenue in factors for image 2: TP distance in factors.
• Step measurement for image 2: Grid distance.
• Lot multiplier coefficient for image 2: Lot multiplier.

SYMBOL 3 SETTINGS

The identical as above, however for the third instrument.

• Third image to commerce: Identify of the instrument.
• Magic quantity for the third image: Distinctive identifier.
• Allow buying and selling for the third image: Allow/disable buying and selling.
• Take revenue in factors for image 3: Desired revenue factors.
• Step measurement for image 3: Grid distance.
• Lot multiplier coefficient for image 3: Lot multiplier.

TIMEFRAME SETTINGS

This part controls the timeframe that the EA will use for its evaluation:

• Routinely set timeframe

  • What’s it?: An on/off setting for the EA to vary or not the chart timeframe it’s utilized to.
  • Why is it vital?: If you would like the EA to at all times work on M30, however your chart is on H4, it might probably power the change to the indicated timeframe.
  • Utilization instance: With true, the EA adjusts the chart to the timeframe specified within the subsequent parameter.

• Handbook timeframe for the technique

  • What’s it?: Signifies the timeframe that the EA will use when performing its calculations (when “Routinely set timeframe” is lively).
  • Utilization instance: PERIOD_M30 (half-hour), PERIOD_H1 (1 hour), and many others.
  • Suggestion: Make sure that your technique matches the chosen timeframe. For instance, M1 could be very quick and will generate many indicators, H4 is slower and requires extra endurance.

LOT SIZE STRATEGY SETTINGS

• Preliminary lot measurement (applies to all symbols)

  • What’s it?: The “base” lot measurement that can be used within the first commerce of every image earlier than the lot multiplier comes into play (if a second, third, and many others., commerce is opened).
  • Why is it vital?: It instantly defines your preliminary danger. A really excessive lot may give you massive earnings but in addition massive losses.
  • Utilization instance: 0.01 is an efficient worth for small accounts as a result of it means that you can check the technique with out risking an excessive amount of capital.

SLIPPAGE AND SPREAD FILTERS

• Most allowed slippage in pips

  • What’s it?: The tolerance the EA has for the distinction between the requested value and the precise execution value.
  • Why is it vital?: In instances of excessive volatility, the value can transfer considerably earlier than your order is executed. If the tolerated slippage is simply too low, many orders could also be rejected; whether it is too excessive, you would possibly enter at worse costs.
  • Utilization instance: A price of 5 (0.5 pips in 5 digits) is affordable; in case you have a dealer with plenty of slippage, you would possibly need to enhance it.

• Most allowed unfold in pips

  • What’s it?: Signifies the utmost unfold (distinction between ask and bid) you permit to open a brand new commerce.
  • Why is it vital?: Throughout information or in illiquid hours, the unfold can widen considerably. The EA won’t open trades if the unfold exceeds this worth to keep away from getting into with extreme prices.
  • Utilization instance: 15 (1.5 pips) prevents getting into when the unfold is larger than 1.5 pips.

DISPLAY SETTINGS

• Present data on the chart

  • What’s it?: If set to true, the EA will show data on the chart window equivalent to account stability, day by day, weekly, month-to-month revenue, present unfold, and many others.
  • Why is it vital?: It means that you can shortly see how your buying and selling is performing and if the EA is doing what it ought to.
  • Utilization instance: If you happen to choose a clear chart, set it to false. If you happen to wish to see a fast abstract, go away it on true.

• Remark to determine orders

  • What’s it?: A label (remark) that the EA provides to your trades within the “Commerce” or “Historical past” tab.
  • Why is it vital?: In case you have many robots or do handbook buying and selling, this helps you recognize which trades belong to this EA.
  • Utilization instance: “AXIS Neural”, “MyGridEA”, or any title you like.

Shifting Common Durations

This part configures the shifting averages that the EA makes use of in several timeframes.

• MA interval for M1

  • What’s it?: The variety of candles used to calculate the shifting common on 1-minute charts.
  • Utilization instance: 40 (means the EA averages the final 40 minutes of knowledge on M1).

• MA interval for M5

  • What’s it?: Similar as above, however on 5-minute candles.
  • Utilization instance: 45.

• MA interval for M15

  • What’s it?: The shifting common on 15-minute charts.
  • Utilization instance: 10.

• MA interval for H1

  • What’s it?: The shifting common on 1-hour charts.
  • Utilization instance: 25.

Be aware: These shifting averages are used as a part of the EA’s logic to find out entries or exits (in accordance with the programming). Adjusting the intervals adjustments the system’s sensitivity to cost adjustments.

BOLLINGER BANDS SETTINGS

Parameters for Bollinger Bands, that are typically used to measure volatility and detect potential breakouts or market ranges.

• Bollinger Bands interval for H1

  • What’s it?: The variety of candles thought of to calculate the Bollinger Bands on the H1 timeframe (or whichever you’ve got configured).
  • Utilization instance: 35.

• Bollinger Bands deviation

  • What’s it?: What number of commonplace deviations above and beneath the shifting common the bands are plotted.
  • Why is it vital?: Larger values make the bands wider (fewer false indicators however slower reactions). Decrease values make the bands narrower.
  • Utilization instance: 0.5.

TRADE LIMIT SETTINGS

• Most open trades per image

  • What’s it?: The utmost variety of trades (BUY and SELL) that the EA can have open concurrently on the identical image.
  • Why is it vital?: Prevents the EA from opening a vast variety of orders, which might occur if the market strikes in opposition to you and positions proceed to be opened in a grid.
  • Utilization instance: 1000 could be very excessive; you would possibly need to cut back it to 10 or 20 in the event you choose a extra conservative strategy.

UPDATE SYMBOL VALUES

• Frequency in seconds to replace image values

  • What’s it?: How typically in seconds the value and indicator information are refreshed to make choices.
  • Why is it vital?: Updating too often (for instance, each 1 second) might eat extra assets. Updating too occasionally might delay the execution of recent orders.
  • Utilization instance: 60 (each minute).

TRADE CONTROL SETTINGS

• Enable opening new buying and selling cycles

  • What’s it?: Determines whether or not the EA can provoke new trades.
  • Why is it vital?: Generally you need the EA to solely handle current trades and never open something new (for instance, when the week ends).
  • Utilization instance: true to permit opening trades; false to solely handle current ones with out including extra.

Last Suggestions as a Class

With this “trainer’s handbook”, I hope you now have a extra full view of every parameter. The purpose is that if you open the enter configuration window, you recognize in “human language” what every one does and the way it influences your buying and selling. Success in your buying and selling!