Common 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 can impact commerce administration.
Examples:
XAUUSDm: 990100 ETHUSDm: 990300 EURUSDm: 990400 click on right here to Obtain enter presetsWord: It is suggested to begin with XAUUSD . Since gold provides highest return from all my again testing.
2. Capital Administration.
Every day Revenue %: Most revenue for a day. No extra trades shall be executed after the realized revenue of the EA coupled with all traded symbols reaches above the utmost revenue for the day. Every day Loss %: Most bearable loss for a day. No extra trades shall be executed after the realized revenue of the EA coupled with all traded symbols reaches under 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 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: Prohibit buying and selling to specified session home windows
Entry Pattern Settings
4. Pattern 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 as a way to determine consolidation. consolidation Width: What number of worth motion factors must be considered whereas figuring out consolidation For the consolidation drawings, choose a coloration that fits your most well-liked chart (non-obligatory).
Word: Consolidation size and width are decided by analyzing historic information and market occasions; these elements have an effect on how continuously EA executes trades.
Excessive Timeframe Pattern Settings
6. Multi-Timeframe Filter
Allow Increased timeframe affirmation: Non-obligatory larger timeframe verification Increased timeframe: Chart timeframe used for larger timeframe indicators Allow HTF Consolidation: Used to filter HTF consolidation. Size and width for figuring out HTF consolidation.
Word: For entrance timeframes of 5M or much less, HTF affirmation is suggested. For terribly uneven symbols, HTF consolidation must be enabled.
Commerce Settings
7. Measurement & Limits
Lot measurement (mounted, make sure that to think about dealer compatibility) Max open trades (as much as 5) Most allowed cease loss (factors) Minimal Required Danger-to-reward. (no less than 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 attain breakeven, set a share of the primary goal; in any other case, ignore. Allow Preliminary Danger 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.
Word: 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 Circumstances
9. Allow Retesting
Resting could 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 shall be skipped as soon as tripe consolidates Give up commerce on Reverse Momentum: When the value closes over resistance for brief trades and under help for lengthy trades, exit all open positions.
Word: Solely when the value is above the earlier goal degree in an extended place and under 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: Enable the entire present EA stage’s occasions to be logged. Reminiscence consumption will rise in consequence.
Tip: As a substitute of choosing “Allow logging” to save lots of reminiscence, transfer the chart’s timeframe to every other timeframe than the entry timeframe after which return to obtain logs at that particular second.
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