Place Nibber – Consumer Guide – Buying and selling Programs – 16 July 2025

Desk of Contents

1. Set up & Setup
2. Fast Begin Information
3. Parameter Reference
4. Working Modes
5. Dashboard Overview
6. Superior Configuration
7. Troubleshooting
8. Finest Practices
9. FAQ

Set up & Setup

Step 1: Set up

1. Obtain the PositionNibbler.mq5 file
2. Copy to your MetaTrader 5 Specialists folder:
   • Home windows: %APPDATApercentMetaQuotesTerminal[Terminal_ID]MQL5Experts
   • Mac: ~/Library/Utility Help/MetaTrader 5/Profiles/Templates/
3. Restart MetaTrader 5 or press F4 to refresh the Navigator
4. The EA will seem within the Navigator below “Professional Advisors”

Step 2: Fundamental Setup

1. Open any chart (the EA works throughout all symbols no matter chart)
2. Drag the Place Nibbler EA onto the chart
3. Configure fundamental parameters within the inputs dialog
4. Click on “OK” to begin the EA
5. Guarantee “Auto Buying and selling” is enabled (button needs to be inexperienced)

Step 3: Verification

• Test the “Specialists” tab for initialization messages
• Confirm the dashboard seems in your chart (if enabled)
• Verify the EA reveals “Lively” standing within the dashboard

Fast Begin Information

For Fast Use (Really useful Newbie Settings):

Timing Settings: – Use Interval: true – Interval Hours: 24 (day by day execution) Place Choice: – Place Choice: 0 (backside/oldest place) Lot Settings: – Lot Mode: 2 (proportion) – Share Heaps: 10.0 (shut 10% of place) Danger Administration: – Max Loss Quantity: 100 (regulate to your threat tolerance)

This configuration will shut 10% of your oldest place each 24 hours, offering regular profit-taking with minimal threat.

Parameter Reference

Dealer Compatibility Group

Auto Retry Orders

• Sort: Boolean (true/false)
• Default: true
• Description: Routinely retry failed orders because of community points, requotes, or non permanent dealer issues
• Suggestion: Hold enabled for dependable execution

Max Retries

• Sort: Integer
• Default: 3
• Vary: 1-10
• Description: Most variety of retry makes an attempt for failed orders
• Word: Increased values could trigger delays however enhance success charge

Retry Delay Ms

• Sort: Integer
• Default: 1000
• Vary: 500-5000
• Description: Delay between retry makes an attempt in milliseconds
• Suggestion: 1000ms works effectively for many brokers

Normalize Symbols

• Sort: Boolean
• Default: true
• Description: Removes dealer suffixes like .m, .uncooked, .ecn for image matching
• Word: Important for multi-broker compatibility

Timing Settings Group

Use Interval

• Sort: Boolean
• Default: true
• Description: Select between interval-based (true) or fixed-time (false) execution
• Interval Mode: Executes each X hours from final execution
• Mounted Time Mode: Executes as soon as day by day at specified time

Interval Hours

• Sort: Integer
• Default: 24
• Vary: 1-168 (1 week)
• Description: Hours between executions when utilizing interval mode
• Examples:
  • 1 = Each hour
  • 4 = Each 4 hours
  • 24 = As soon as day by day
  • 168 = As soon as weekly

Mounted Time

• Sort: String
• Default: “07:10”
• Format: “HH:MM” (24-hour format)
• Description: Each day execution time when utilizing fixed-time mode
• Examples:
  • “07:30” = 7:30 AM
  • “15:45” = 3:45 PM
  • “23:00” = 11:00 PM

Place Choice Group

Use Route Filter

• Sort: Boolean
• Default: true
• Description: Filter positions by kind (Purchase/Promote)
• Word: When disabled, processes each Purchase and Promote positions

Place Route

• Sort: Enum
• Default: POSITION_TYPE_BUY
• Choices:
  • POSITION_TYPE_BUY (Purchase positions solely)
  • POSITION_TYPE_SELL (Promote positions solely)

Place Choice

• Sort: Integer
• Default: 0
• Choices:
  • 0 = Backside (oldest place)
  • 1 = High (latest place)
  • 2 = Each (oldest and latest)
• Technique Word: Backside choice is right for FIFO profit-taking

Lot Settings Group

Lot Mode

• Sort: Integer
• Default: 1
• Choices:
  • 0 = Full Shut (shut total place)
  • 1 = Mounted Heaps (shut particular lot quantity)
  • 2 = Share (shut proportion of place)
  • 3 = Revenue Primarily based (regulate based mostly on buying and selling efficiency)

Mounted Heaps

• Sort: Double
• Default: 0.01
• Vary: 0.01 – 100.0
• Description: Particular lot quantity to shut when utilizing Mounted Heaps mode
• Word: Will probably be capped at whole place dimension

Share Heaps

• Sort: Double
• Default: 10.0
• Vary: 1.0 – 100.0
• Description: Share of place to shut when utilizing Share mode
• Examples:
  • 10.0 = Shut 10% of place
  • 25.0 = Shut 25% of place
  • 50.0 = Shut half the place

Revenue Share

• Sort: Double
• Default: 5.0
• Vary: 1.0 – 50.0
• Description: Base proportion for Revenue Primarily based mode
• Word: Precise proportion adjusts based mostly on current buying and selling efficiency

Image Filter Group

Use Image Filter

• Sort: Boolean
• Default: false
• Description: Allow filtering by particular foreign money pairs

Image Record

• Sort: String
• Default: “EURUSD,GBPUSD,USDJPY”
• Format: Comma-separated record of symbols
• Examples:
  • “EURUSD,GBPUSD” (two pairs)
  • “XAUUSD” (single image)
  • “EURUSD,GBPUSD,USDJPY,USDCHF,USDCAD,AUDUSD,NZDUSD” (main pairs)

Exclude Symbols

• Sort: Boolean
• Default: false
• Description:
  • false = Embody solely listed symbols
  • true = Exclude listed symbols (course of all others)

Magic Quantity Filter Group

Use Magic Filter

• Sort: Boolean
• Default: false
• Description: Filter positions by EA magic numbers
• Use Case: Isolate particular EA trades or guide trades (magic 0)

Magic Numbers

• Sort: String
• Default: “123,456,789”
• Format: Comma-separated record of magic numbers
• Examples:
  • “0” (guide trades solely)
  • “12345” (particular EA)
  • “0,12345,67890” (guide trades + particular EAs)

Exclude Magic

• Sort: Boolean
• Default: false
• Description:
  • false = Embody solely listed magic numbers
  • true = Exclude listed magic numbers

Danger Administration Group

Max Loss Quantity

• Sort: Double
• Default: 100.0
• Vary: 0 (disabled) – 10000
• Description: Skip positions with losses exceeding this quantity
• Forex: Account foreign money
• Security Function: Prevents closing positions throughout vital drawdown

Dashboard Settings Group

Present Dashboard

• Sort: Boolean
• Default: true
• Description: Show visible dashboard on chart

Dashboard X/Y Place

• Sort: Integer
• Description: Display screen coordinates for dashboard placement
• Word: Adjustable if dashboard overlaps vital chart areas

Working Modes

Mode 0: Full Shut

Function: Full place closure Use Circumstances:

• Finish-of-day place clearing
• Danger discount throughout information occasions
• Revenue-taking on accomplished methods

Instance: You have got a 1.5 lot EURUSD place. The EA closes the whole 1.5 tons.

Mode 1: Mounted Heaps

Function: Constant lot-based scaling Use Circumstances:

• Systematic profit-taking
• Grid buying and selling administration
• Mounted-size place discount

Instance: Set to 0.25 tons. A 1.0 lot place turns into 0.75 tons after execution.

Mode 2: Share

Function: Proportional place scaling Use Circumstances:

• Constant percentage-based profit-taking
• Portfolio threat administration
• Scalable throughout totally different place sizes

Instance: 10% setting on a 2.0 lot place closes 0.2 tons, leaving 1.8 tons.

Mode 3: Revenue Primarily based

Function: Efficiency-adjusted scaling Use Circumstances:

• Adaptive profit-taking
• Efficiency-based threat administration
• Dynamic place sizing

The way it works:

1. Analyzes final 3 days of buying and selling efficiency
2. Calculates revenue issue based mostly on current success
3. Adjusts closure proportion accordingly
4. Higher efficiency = bigger closures

Instance: Base 10% setting with good current efficiency would possibly shut 15% of place.

Dashboard Overview

Standing Part

• Standing: Exhibits “Lively” when EA is operating correctly
• Dealer: Present dealer title
• Mode: Present lot calculation mode
• Route: Place kind filter (Purchase/Promote/All)
• Symbols: Image filter standing
• Max Loss: Loss safety setting
• Lively Positions: Rely of positions matching your filters

Execution Overview

• Final Execution: Timestamp of final place processing
• Subsequent Execution: Scheduled time for subsequent execution
• Subsequent Motion: Preview of upcoming motion together with place particulars and anticipated P/L

Current Exercise

• Transaction Historical past: Final 3 place closures
• P/L Info: Revenue/loss for every closure
• Coloration Coding: Inexperienced for income, purple for losses

Superior Configuration

Multi-EA Environments

When operating a number of EAs:

1. Use Magic Quantity filtering to isolate particular EA trades
2. Set totally different execution occasions to keep away from conflicts
3. Monitor whole account publicity throughout all EAs

Grid Buying and selling Integration

For grid-based methods:

1. Set Mode 1 (Mounted Heaps) to shut particular grid ranges
2. Use place choice “Backside” to shut oldest grid ranges first
3. Set applicable interval to match grid scaling technique

Information Buying and selling Setup

For news-based profit-taking:

1. Use Mounted Time mode set to main information occasions
2. Configure greater proportion closure (25-50%)
3. Allow most loss safety
4. Monitor dashboard for market standing

Multi-Image Portfolios

For numerous portfolios:

1. Use Image Filter to group associated pairs
2. Run a number of EA cases with totally different image teams
3. Coordinate execution occasions to handle total publicity

Troubleshooting

Widespread Points and Options

EA Not Processing Positions

Signs: Dashboard reveals positions however no execution happens Causes & Options:

• Market Closed: Anticipate market hours or test image buying and selling classes
• No Matching Positions: Assessment place course and image filters
• Inadequate Place Measurement: Test minimal lot necessities
• Loss Restrict Exceeded: Place loss exceeds MaxLossAmount setting

Failed Order Execution

Signs: Error messages in Specialists tab Options:

• Guarantee AutoRetryOrders is enabled
• Test dealer connection and account standing
• Confirm adequate margin for closing trades
• Improve RetryDelayMs for slower brokers

Dashboard Not Seen

Options:

• Test ShowDashboard setting is true
• Regulate DashboardX/Y positions
• Refresh chart (F5)
• Re-attach EA to chart

Incorrect Image Processing

Options:

• Allow NormalizeSymbols for multi-broker compatibility
• Confirm image names in SymbolList precisely match dealer symbols
• Test Embody/Exclude image filter settings

Error Codes and Meanings

• Commerce Retcode 10009: Requote – EA will routinely retry
• Commerce Retcode 10006: Request rejected – Test account permissions
• Commerce Retcode 10013: Invalid request – Place could not exist
• Commerce Retcode 10018: Market closed – EA will look forward to market open

Finest Practices

Beginning Out

1. Check on Demo: All the time check configuration on demo account first
2. Begin Conservative: Start with 5-10% place closure
3. Monitor Intently: Watch first few executions to make sure correct operation
4. Single Image: Begin with one image earlier than increasing to a number of

Danger Administration

1. Set Applicable Loss Limits: Use MaxLossAmount to stop closure throughout drawdown
2. Gradual Scaling: Begin with small percentages and enhance as comfy
3. Market Hours: Guarantee execution occasions align with lively buying and selling classes
4. Place Sizing: Contemplate whole portfolio affect of systematic closures

Optimization Ideas

1. Efficiency Evaluation: Monitor Current Exercise part for effectiveness
2. Timing Adjustment: Align execution occasions together with your buying and selling technique
3. Mode Choice: Select lot mode that matches your buying and selling fashion
4. Filter Refinement: Use image and magic filters to focus on particular trades

Portfolio Integration

1. Diversification: Do not rely solely on automated place administration
2. Guide Override: Preserve means to manually shut positions when wanted
3. Technique Alignment: Guarantee EA settings complement your total buying and selling technique
4. Common Assessment: Periodically assess EA efficiency and regulate settings

Steadily Requested Questions

Q: Does the EA work with all brokers?

A: Sure, the EA contains superior dealer compatibility options together with automated retry logic, image normalization, and execution mode detection. It really works with each hedging and netting accounts.

Q: Can I run a number of cases of the EA?

A: Sure, you’ll be able to run a number of cases with totally different configurations. Use Magic Quantity filters to stop conflicts between cases.

Q: What occurs if my web connection drops?

A: The EA will resume regular operation when connection is restored. Missed execution occasions will probably be rescheduled for the subsequent interval.

Q: Does the EA shut worthwhile positions solely?

A: No, the EA processes positions no matter revenue/loss standing. Use the MaxLossAmount parameter to skip positions with vital losses.

Q: Can I take advantage of this with scalping methods?

A: Sure, set brief intervals (1-4 hours) and use proportion mode for fast profit-taking. Guarantee your dealer permits frequent automated buying and selling.

Q: How do I backup my EA settings?

A: Save your chart template after configuring the EA. You can even be aware down parameter values in a separate doc.

Q: What is the distinction between Backside and High place choice?

A: Backside selects the oldest open place (FIFO), whereas High selects the most recent place (LIFO). Backside is usually most well-liked for systematic profit-taking.

Q: Can the EA deal with micro tons?

A: Sure, the EA works with all lot sizes together with micro tons (0.01). Minimal closure is all the time 0.01 tons.

Q: Does the EA work on weekends?

A: The EA continues operating however won’t execute trades when markets are closed. It routinely resumes when markets reopen.

Q: How do I do know if the EA is working accurately?

A: Monitor the dashboard for “Lively” standing, test execution occasions, and confirm Current Exercise reveals your anticipated closures. The Specialists tab additionally logs all EA actions.