Basic 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 is going to impact commerce administration.
Examples:
- XAUUSDm: 990100
- ETHUSDm: 990300
- EURUSDm: 990400
click on right here to Obtain enter presets
Observe: It is suggested 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 might 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 might 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 impartial of different symbols.
Tip: By limiting the loss to multiples of the utmost allowable loss per commerce try, this per image restrict may also be utilized as a limiter on the variety of buying and selling makes an attempt made every day.
When a logo’s unrealized revenue exceeds its every 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 alerts
- Transferring Averages: Used for route and SL placement
5. Consolidation Logic
- Consolidation Size: What number of earlier bars should be considered to be able to determine consolidation.
- consolidation Width: What number of worth motion factors needs to be considered whereas figuring out consolidation
- For the consolidation drawings, choose a shade that fits your most well-liked chart (non-obligatory).
Observe: Consolidation size and width are decided by analyzing historic knowledge and market occasions; these components have an effect on how incessantly EA executes trades.
Excessive Timeframe Development Settings
6. Multi-Timeframe Filter
- Allow Greater timeframe affirmation: Non-obligatory increased timeframe verification
- Greater timeframe: Chart timeframe used for increased timeframe alerts
- Allow HTF Consolidation: Used to filter HTF consolidation.
- Size and width for figuring out HTF consolidation.
Observe: For entrance timeframes of 5M or much less, HTF affirmation is suggested. For very uneven symbols, HTF consolidation needs to be enabled.
Commerce Settings
7. Dimension & Limits
- Lot dimension (fastened, be sure that to contemplate 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 subsequent 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 realize breakeven, set a proportion 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 authentic threat 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.
Observe: In case 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 threat will increase.
Entry Filtering Circumstances
9. Allow Retesting
- Resting might 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 value stabilizes.
10. Detect Momentum
- To be able to execute trades, the value should additionally break the consolidation vary and the latest excessive or low.
11. Retracement Situation
12. Reverse Momentum
- Skip Retracement on Consolidation: If true retracement might be skipped as soon as tripe consolidates
- Stop commerce on Reverse Momentum: When the value closes over resistance for brief trades and beneath assist for lengthy trades, exit all open positions.
Observe: Solely when the value is above the earlier goal degree in an extended place and beneath the earlier goal degree 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: Permit the entire present EA stage’s occasions to be logged. Reminiscence consumption will rise in consequence.
Tip: As an alternative of choosing “Allow logging” to avoid wasting reminiscence, transfer the chart’s timeframe to another timeframe than the entry timeframe after which return to obtain logs at that particular second.
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