Normal Settings
1. Magic Quantity.
A six-digit distinctive quantity with format 99[xx]00 for commerce monitoring. Use separate [xx] quantity for every image/timeframe. By no means use identical magic quantity for various EA, it’ll impact commerce administration.
Examples:
- XAUUSDm: 990100
- ETHUSDm: 990300
- EURUSDm: 990400
click on right here to Obtain enter presets
Notice: It’s endorsed to begin with XAUUSD . Since gold offers highest return from all my again testing.
2. Capital Administration.
- Day by day Revenue %: Most revenue for a day. No extra trades can be executed after the realized revenue of the EA coupled with all traded symbols reaches above the utmost revenue for the day.
- Day by day Loss %: Most bearable loss for a day. No extra trades can be executed after the realized revenue of the EA coupled with all traded symbols reaches beneath the utmost allowed loss for a day.
- Image-based Revenue/Loss limits: Every image can have a restricted most revenue and loss unbiased of different symbols.
Tip: By limiting the loss to multiples of the utmost allowable loss per commerce try, this per image restrict will also be utilized as a limiter on the variety of buying and selling makes an attempt made every day.
When an emblem’s unrealized revenue exceeds its each day most revenue, all remaining trades within the image are immediately closed.
3. Commerce Permissions
- Allow Purchase / Allow Promote switches
- Buying and selling Hours: Limit buying and selling to specified session home windows
Entry Development Settings
4. Development and Entry Logic
- Entry timeframe: Chart timeframe used for entry indicators
- Transferring Averages: Used for course and SL placement
5. Consolidation Logic
- Consolidation Size: What number of earlier bars should be considered with the intention to determine consolidation.
- consolidation Width: What number of worth motion factors ought to be considered whereas figuring out consolidation
- For the consolidation drawings, decide a coloration that fits your most well-liked chart (non-compulsory).
Notice: Consolidation size and width are decided by analyzing historic knowledge and market occasions; these components have an effect on how ceaselessly EA executes trades.
Excessive Timeframe Development Settings
6. Multi-Timeframe Filter
- Allow Greater timeframe affirmation: Non-obligatory greater timeframe verification
- Greater timeframe: Chart timeframe used for greater timeframe indicators
- Allow HTF Consolidation: Used to filter HTF consolidation.
- Size and width for figuring out HTF consolidation.
Notice: For entrance timeframes of 5M or much less, HTF affirmation is suggested. For terribly uneven symbols, HTF consolidation ought to be enabled.
Commerce Settings
7. Measurement & Limits
- Lot measurement (fastened, be sure that to think about dealer compatibility)
- Max open trades (as much as 5)
- Most allowed cease loss (factors)
- Minimal Required Threat-to-reward. (a minimum of 1)
- Cooldown Seconds: Ready seconds for the following execution After a commerce closes.
8. Cease Loss, Breakeven & Trailing
- Preliminary Cease Loss: Mounted or EMA-based
- Allow Preliminary Breakeven: As soon as the chosen situation is met, EA strikes the cease loss to the entry.
- Breakeven Set off(%): If TP p.c is the breakeven situation. To attain breakeven, set a share of the primary goal; in any other case, ignore.
- Allow Preliminary Threat Even: SL is positioned in a barely to revenue place in order that the remaining trades will make up for the commerce’s unique danger after the primary goal is reached.
- Trailing Mode: Select the mode of Trailing cease loss.
- Trailing Factors: If Factors is the trailing mode. Set a factors for trailing cease loss; in any other case, ignore.
- Trailing Set off: Factors wanted to set off cease loss trailing logic.
Notice: When you use an EMA-based preliminary cease loss and set a most permitted cease loss restrict, be suggested that the commerce is not going to execute when the extent of danger will increase.
Entry Filtering Situations
9. Allow Retesting
- Resting may be enabled for Market Breakout or Market Construction Shift.
- After retesting begins, the market solely views it as a retest when the suitable engulfing sample develops or the worth stabilizes.
10. Detect Momentum
- So as to execute trades, the worth should additionally break the consolidation vary and the newest excessive or low.
11. Retracement Situation
12. Reverse Momentum
- Skip Retracement on Consolidation: If true retracement can be skipped as soon as tripe consolidates
- Give up commerce on Reverse Momentum: When the worth closes over resistance for brief trades and beneath assist for lengthy trades, exit all open positions.
Notice: Solely when the worth is above the earlier goal stage in a protracted place and beneath the earlier goal stage in a brief place does the commerce termination logic activate.
Guide Management
- Refresh Button: Resets EA logic again to default (returns to false after execution)
- Allow logging: Enable the entire present EA stage’s occasions to be logged. Reminiscence consumption will rise consequently.
Tip: As a substitute of choosing “Allow logging” to avoid wasting reminiscence, transfer the chart’s timeframe to some other timeframe than the entry timeframe after which return to obtain logs at that particular second.
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