EA Settings and Configuration Information

On this part, I’ll present an in depth overview of all of the parameters of the EA and how you can set them for optimum efficiency. If you’re new to utilizing the EA or need to fine-tune the settings, this information will help you.

Luna Gold

Golden Nights

The default settings are usually well-optimized, and also you needn’t change something to get began.

Nevertheless, non-compulsory filters and risk-reduction options have been added for customers who need extra management.

It’s totally as much as you which of them you’d like to make use of primarily based in your preferences.

Personally, I nonetheless use the default configuration.

I’m sharing three various set recordsdata with completely different configurations.

Shifting Common pattern filter mounted SL/TP

Fastened SL/TP with out a Shifting Common pattern filter

ATR primarily based SL TP with out a Shifting Common pattern filter

Buying and selling settings:

• Permit just one open commerce at a time: If set to false, just one commerce will probably be allowed at a time. If set to true, new trades might be opened even when there may be an present place.
• Choose SL/TP/TS calculation mode
  This feature lets you calculate the cease loss, take revenue, and trailing cease ranges primarily based on the ATR (Common True Vary) indicator.
• ATR indicator interval
  Units the interval used for the ATR calculation.
• Timeframe used for ATR calculation
  Specifies the timeframe on which the ATR is calculated.
• Multiplier for SL primarily based on ATR
  The cease loss is decided by multiplying the ATR worth by this issue.
• Multiplier for TP/TS primarily based on ATR
  The take revenue and trailing cease values are calculated by multiplying the ATR by this issue.
• Cease Loss & Take Revenue: Set the cease loss (SL) and take revenue (TP) in pips.
• Allow trailing cease: Permits or disables the trailing cease.
• Begin trailing after revenue: Set the pip worth at which the trailing cease will begin working.
• Distance to path cease: Set the pip distance at which the trailing cease will observe the value.Breakeven – Permits breakeven performance.
• Allow breakeven operate: Permits breakeven performance.
• Revenue to maneuver cease to breakeven: Units the revenue degree (in pips) at which the cease loss will probably be moved to breakeven.
• Further revenue to maneuver cease above breakeven: Units what number of pips past the entry level the cease loss must be positioned after breakeven is triggered.
• Allow trailing take revenue: Permits dynamic trailing of the take revenue.
• Begin trailing TP after loss: The trailing TP prompts when the gap between worth and TP reaches this worth.
• Distance of trailing TP from worth: The take revenue will path the value by this quantity of pips.
• Allow Digital Stops: Permits digital cease loss and take revenue, which means the SL and TP usually are not despatched to the dealer however dealt with internally.
• Emergency Cease Multiplier (0 = disabled) – Provides an actual SL/TP past the digital one, calculated as a multiplier of the unique SL/TP. Set to 0 to disable.
• Add Pips to Emergency Cease (0 = disabled) – Provides a hard and fast variety of pips to the digital SL/TP and locations a hidden actual SL/TP additional away as a backup. Set to 0 to disable
• Time Offset Mode
  Select whether or not buying and selling instances must be set manually or mechanically adjusted to the final buying and selling hour of the day primarily based on server time.
  Observe: The automated time adjustment doesn’t work within the technique tester, solely in reside or demo buying and selling environments.
• Begin TimeHour & Begin Time_Minute: The beginning time of the commerce, in hours and minutes.
• Allow unfold filter: Permits or disables the unfold filter.
• Most allowed unfold: The utmost allowed unfold, past which no trades will probably be opened.

Risk_management:

• This free version operates with a mounted lot dimension of 0.01.

Buying and selling Days Filter:

• Allow buying and selling on Monday – Friday: Permits or disables buying and selling on particular days of the week.
• Minutes earlier than market shut on Wednesday to exit trades
  Defines what number of minutes earlier than market shut the commerce must be exited on Wednesday.
  
• Allow early shut on Friday to scale back weekend hole danger
  Permits closing trades a sure variety of minutes earlier than Friday market near keep away from potential weekend gaps.
  
• Minutes earlier than market shut on Friday to exit trades
  Specifies what number of minutes earlier than shut the place must be closed on Friday.

Filter Choices:

• Allow Purchase Above MA: If enabled, purchase trades will solely be opened when the value is above the transferring common.
• Shifting Common Timeframe: Choose the timeframe for the transferring common filter.
• Shifting Common Interval: Set the interval used for calculating the transferring common.

Easy methods to Examine if the Dealer’s Server Time Matches the Default Settings:

1. Proper-click on the Gold image within the Watchlist.
2. Choose Specs.
3. Scroll all the way down to the Buying and selling Hours part.
4. Examine the market shut time. Whether it is 23:59, no adjustment is required.
5. If, for instance, the market shut time is 20:59, set the Begin Time to twenty:00.

I’ve created an indicator that mechanically determines the really helpful buying and selling time, and I’ve connected it right here:

Indicator MT5

Indicator MT4

Advisable Brokers for Utilizing the EA

I’d wish to share my private expertise with the dealer I’ve been utilizing, which has been performing excellently with the EA. The dealer affords swap-free accounts and low charges, making it an important alternative for operating the EA successfully.

XM 

XMGlobal for European Shoppers with buying and selling leverage 1:500 

That mentioned, this EA ought to work properly with different brokers too.

Remember that low spreads, good buyer help, and swap-free accounts are important for maximizing the efficiency of your EA.

Earlier than utilizing the professional on a reside account, take a look at your settings within the technique tester and on a demo account to grasp how the system operates. This fashion, you can also make any obligatory changes and acquire confidence within the settings.

If in case you have any questions or want additional help, please do not hesitate to succeed in out. Yow will discover our contact data right here. We’re all the time pleased to assist!

Profitable buying and selling!