This EA helps all chart symbols and timeframes. As soon as connected, it adapts to the chosen chart robotically. No further configuration is required at launch.
Detailed clarification is obtainable at: https://www.mql5.com/en/blogs/submit/745691
Efficiency Testing Technique
Backtesting is simplest utilizing MetaTrader 5 attributable to superior options not current in MT4. Key causes embody:
- MT4 lacks tick-based simulation accuracy.
- It doesn’t help multi-symbol testing environments.
- MT5 permits testing utilizing “Each Tick Based mostly on Actual Ticks” for practical knowledge simulation.
Configuring Commerce Devices
To outline tradable devices:
- Regulate the image checklist throughout the EA enter parameters.
- No must enter broker-specific suffixes/prefixes. As an example, enter EURUSD even when your dealer makes use of EURUSD.m .
Operating A number of EAs Concurrently
Every EA ought to be assigned a novel Magic Quantity to forestall conflicts. This permits seamless operation of a number of EAs on a single terminal.
EA Software program Updates
Comply with the directions within the hyperlink under when an EA replace is launched:
Becoming a member of Official Communication Channels
For Telegram entry, contact the EA writer through personal message on MQL5.
To entry the official MQL5 channel, comply with this hyperlink: https://www.mql5.com/en/channels/016d6cdddfbcdb01
Optimization & Preset Recordsdata
The default configuration is appropriate for many environments. Nevertheless, customers could:
- Customise settings through optimization primarily based on dealer circumstances.
- Entry up to date setfiles from our official channels.
Threat Administration Suggestions
Preserve danger per commerce between 1% and a couple of%. Larger danger could result in drawdowns, whereas decrease danger provides higher long-term consistency.
EA Configuration Parameters Overview
-
select buying and selling symbols
Choose the monetary devices (like XAUUSD, EURUSD) that the EA will commerce. -
specify primary magic quantity
Assign a novel identifier to the EA’s trades to differentiate them from others. -
select order remark
Add an non-obligatory remark to every commerce for identification or logging functions. -
specify lot calculation technique
Select how the EA calculates lot dimension — both mounted or percentage-based. -
set danger proportion for every commerce
Outline how a lot of the account steadiness to danger per commerce (in %). -
outline mounted lot dimension
Set a particular, unchanging lot dimension for all trades if not utilizing dynamic calculation. -
use just one commerce per image
Stop the EA from opening a number of trades on the identical instrument concurrently. -
specify min distance between trades (in factors)
Set the minimal spacing (in factors) required between trades to keep away from clustering. -
permits strategic loss restoration
Activate the restoration characteristic to assist recoup losses utilizing a method. -
make the most of reverse restoration technique
Use an reverse or inverse technique for restoration trades. -
outline technique begin technique
Resolve how and when the restoration zone can be triggered or initiated. -
choose the right way to enhance free margin
Select a way to handle margin when restoration trades are positioned. -
omit preliminary restoration image
Skip the unique image that brought on the loss when beginning restoration. -
activate restoration on sign
Allow beginning restoration primarily based on a market sign as a substitute of instantly. -
specify timeframe for restoration sign detection
Select the chart timeframe to research for restoration alerts (e.g., H8). -
specify interval for restoration sign detection
Outline what number of bars/candles to think about for sign evaluation. -
specify RSI low worth for restoration sign detection
Set the decrease RSI stage to set off a possible restoration commerce. -
specify RSI excessive worth for restoration sign detection
Set the higher RSI stage as a threshold for sign affirmation. -
make the most of reverse RSI restoration technique
Use an inverse logic for the RSI-based restoration determination. -
activate restoration continuation on sign
Permit restoration to maintain going if a sign confirms continuation. -
specify quick ATR interval for restoration sign detection
Use a short-term ATR interval for volatility evaluation in restoration. -
specify gradual ATR interval for restoration sign detection
Use a longer-term ATR for pattern/volatility comparability in sign affirmation. -
specify sensitivity for restoration sign detection
Set how delicate the system ought to be when detecting legitimate restoration alerts. -
specify ATR timeframe
Select the chart timeframe used to calculate ATR (Common True Vary). -
specify ATR interval for zone calculation
Set the variety of bars used to calculate the ATR worth. -
specify ATR multiplier for zones
Multiply the ATR worth by this quantity to dimension the buying and selling zone. -
specify TP pips multiplier for similar sign
Set a take revenue distance multiplier when the commerce path matches the sign. -
specify TP multiplier for reverse sign
Use a bigger or smaller TP when the commerce goes towards the sign path. -
specify revenue sort for restoration
Select the sort of revenue goal used throughout restoration (e.g., mounted quantity or proportion). -
specify complete revenue USD after restoration
Set a money quantity objective to be reached earlier than closing restoration trades. -
specify complete revenue % of steadiness after restoration
Outline a proportion of account steadiness because the revenue objective post-recovery. -
specify allowed most drawdown to keep away from new trades
Restrict how a lot loss (in proportion) the account can take earlier than buying and selling halts. -
use shut on max drawdown
Robotically shut all trades if the drawdown exceeds the set threshold
