Description of labor
The ‘C2’ class skilled advisor works utilizing martingale. When a sign from the built-in indicator seems, the skilled advisor checks whether or not there may be an open place that the skilled advisor opened earlier. If there may be an open place, the skilled advisor accompanies it till it’s closed; if there is no such thing as a open place, the skilled advisor analyzes how the earlier place was closed with revenue or loss. If with a revenue, then opens a place with the preliminary quantity, if with a loss, then will increase the quantity. After opening a place, the skilled advisor units a stoploss and takeprofit, and accompanies it till it’s closed.
Observe: earlier than working the advisor, the settings must be optimized for a particular instrument and timeframe.
Skilled advisor settings
Basic settings
Timeframe
The parameter units the timeframe on which the skilled advisor will work. The parameter is required if you happen to change the timeframe whereas the skilled advisor is working, and the skilled advisor will work with the timeframe that’s set within the settings.
Instance: the skilled advisor is engaged on H1, you turn the timeframe to D1 to see the worldwide state of affairs, however the skilled advisor continues to work on H1. Though, to judge the chart, you should utilize one other chart on which the skilled advisor doesn’t work.
Observe: if you choose the present parameter from the listing, the skilled advisor will work on the timeframe that’s at the moment energetic. The parameter is beneficial when testing on completely different timeframes, in order to not change the parameter every time when altering the timeframe for testing.
Magic
The parameter units a singular identifier for every open place. This parameter is required if sooner or later you wish to have a look at the historical past of transactions with a particular magician with the intention to assess the profitability of the buying and selling technique. A magic is assigned to an open place and is saved within the buying and selling historical past.
Instance: you may have the identical skilled advisor working, however with completely different settings, for instance, one skilled advisor works with breakeven turned on, and one other with breakeven turned off, because the skilled advisor is similar, the Magic parameter will assist distinguish positions opened by the skilled advisor with breakeven turned on from positions with breakeven turned off.
Observe: for positions opened manually, the terminal routinely units the magic = 0, so it’s higher to not use 0 as a magic.
Cash administration settings
Place quantity
The parameter units the place quantity with which the skilled advisor opens a place. This quantity is ready for positions after worthwhile positions.
Instance: the skilled advisor was buying and selling with losses and the place quantity elevated to 0.08, the Place quantity = 0.01 parameter was set within the settings, after closing the place with a revenue, the skilled advisor will set the quantity for the brand new place to 0.01.
Observe: set the right quantity for the instrument on which the skilled advisor will work. It should be larger than or equal to the minimal quantity, lower than or equal to the utmost quantity, and be a a number of of the quantity step. To do that, you possibly can have a look at the specification of the device, learn the directions.
Multiplier after loss
This parameter units the quantity multiplier after a loss. After losses, the skilled advisor will improve the quantity till a revenue is made.
Calculation method:
Place quantity × MathPow(Multiplier after loss, TotalLoss), the place
Place quantity – place quantity (parameter in settings),
Multiplier after loss – quantity multiplier (parameter in settings),
TotalLoss – the variable shops the variety of losses in a row,
MathPow(val1, val2) – the perform returns a price that’s multiplied by the preliminary quantity.
Instance: the skilled advisor is buying and selling with losses and obtained 3 losses in a row, with every new open place the quantity will improve. With parameters (Place quantity = 0.01, Multiplier after loss = 1.2) the quantity will improve like this:
0.01 × MathPow(1.2, 1) = 0.01 × 1.2 = 0.012, rounded to the right quantity of 0.01;
0.01 × MathPow(1.2, 2) = 0.01 × 1.44 = 0.0144, rounded to the right quantity of 0.01;
0.01 × MathPow(1.2, 3) = 0.01 × 1.7279 = 0.017279, rounded to the right quantity of 0.02.
If losses proceed, then this algorithm for rising quantity will proceed. When making a revenue, the quantity will probably be reset to the preliminary worth – 0.01.
Observe: the skilled advisor will be unable to open positions if the quantity will increase considerably and there will not be sufficient funds; it’s going to additionally not have the ability to open positions if the elevated quantity turns into larger than the utmost allowable quantity for the instrument. If you happen to set Multiplier after loss = 1.1, then the quantity after losses will improve extra slowly than if you happen to set Multiplier after loss = 2.0 or extra.
Place opening settings
This group incorporates settings for the indicator that provides alerts. The settings may be considered for the particular indicator the skilled advisor works with.
Place closing settings
StopLoss
The parameter units the space from the opening worth to the loss restrict worth.
Calculation method:
For a Purchase place: opening worth – (StopLoss x pip measurement)
For a Promote place: opening worth + (StopLoss x pip measurement)
Instance: StopLoss = 100, place opening worth = 1.08000, cease loss for the Purchase place will probably be set at 1.07900 (1.08000 – (100 x 0.00001)), for the Promote place – 1.08100 (1.08000 + (100 x 0.00001)).
Observe: the parameter is required and should all the time be larger than 0.
TakeProfit
This parameter units the space from the opening worth to the revenue taking worth.
Calculation method:
For a Purchase place: opening worth + (TakeProfit x pip measurement)
For a Promote place: opening worth – (TakeProfit x pip measurement)
Instance: TakeProfit = 100, place opening worth = 1.08000, take revenue for the Purchase place will probably be set at 1.08100 (1.08000 + (100 x 0.00001)), for the Promote place – 1.07900 (1.08000 – (100 x 0.00001)).
Observe: the parameter is required and should all the time be larger than 0.
The purpose measurement may be considered within the instrument specification or on the chart itself, for instance, for the EURUSD pair the purpose measurement is 0.00001 (fifth quotes), for the USDJPY pair it’s 0.001 (third quotes).
Class ‘C2’ skilled advisors:
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