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EA BLACK LION – GUIDE – Buying and selling Methods – 28 March 2024


EA BLACK LION // GUIDE FOR NEW OWNERS

STRATEGY BEHIND EA BLACK LION

  • EA BLACK LION is an skilled advisor designed to identify actual divergence actions within the foreign exchange market. It’s extremely refined as a result of it may possibly spot potential reversal or continuation.
  • The true-time divergence patterns are visually proven to you in your MT4 chart. (That is sport altering since you truly see the technique infront of you) 
  • It makes use of a complicated grid system. Every new commerce is calculated with a fancy algorithm to all the time attempt to preserve the drawdown low. 
  • It is a quick scalper robotic that locations lots of trades per day.
  • It makes use of a information filter system the place it avoids getting into any trades throughout excessive impression information. That is to keep away from un-necessary drawdown. 
  • It has the pliability to commerce a number of foreign exchange pairs to supply diversification to your account portfolio. 
  • A minimal leverage of 1:500.
  • A minimal deposit of $1,000 (If you do not have this beginning quantity, you’ll be able to contact us and we gives you the hyperlink of a regulated dealer the place you’ll be able to commerce with a CENT account).
  • An ECN account is really helpful the place you’ll be able to have tight spreads.
  • Timeframe: M5
  • Settings: Default settings
  • Really helpful Main Foreign exchange Pairs: USDCAD, AUDUSD & GBPCAD
  • Additional Pairs: EURUSD & AUDCAD (Additional pairs implies that they are often added after the really helpful ones if in case you have the required steadiness) 
  • Steadiness: $1,000 for 1 foreign exchange pair. $5,000 for all 5 foreign exchange pairs for optimum diversification. Every pair requires a $1,000 steadiness.
  • Information Filter:👉 So as to add information filter: Go to Instruments, then Choices then Knowledgeable Advisors. Click on on Enable WebRequest for listed URL’s: https://ec.forexprostools.com — Click on Okay.

MONEY MANAGEMENT FOR 1 FOREX PAIR

  1. $1,000 = 0.01 lot 
  2. $2,000 = 0.02 lot 
  3. $3,000 = 0.03 lot
  4. $4,000 = 0.04 lot
  5. $5,000 = 0.05 lot
  6. $6,000 = 0.06 lot
  7. $7,000 = 0.07 lot
  8. $8,000 = 0.08 lot
  9. $9,000 = 0.09 lot
  10. $10,000 = 0.10 lot

On your cash administration with greater than 1 foreign exchange pair, you respect the identical lot dimension: 

In case you plan on utilizing 2 foreign exchange pairs, you multiply the steadiness above by 2
In case you plan on utilizing 3 foreign exchange pairs, you multiply the steadiness above by 3.
In case you plan on utilizing 4 foreign exchange pairs, you multiply the steadiness above by 4.
In case you plan on utilizing 5 foreign exchange pairs, you multiply the steadiness above by 5.

 Ex. with 2 foreign exchange pairs: $2,000 = 0.01 lot // $4,000 = 0.02 lot // $6,000 = 0.03 lot // $8,000 = 0.04 lot // $10,000 = 0.05 lot

Ex. with 3 foreign exchange pairs: $3,000 = 0.01 lot // $6,000 = 0.02 lot // $9,000 = 0.03 lot // $12,000 = 0.04 lot // $15,000 = 0.05 lot

In case you’re unsure what can be your lot dimension along with your steadiness, please be at liberty to ship us a non-public message!

HOW TO CHANGE LOT SIZE & TAKE PROFIT?

In your BLACK LION settings, the default settings are:

When you’ve got the next steadiness, it is advisable to change these 2 settings primarily based on the cash administration suggestions above.

0.01 Lot = 0.59 ($)
0.02 Lot = 1.18 ($)
0.03 Lot = 1.77 ($)
0.04 Lot = 2.36 ($)
0.05 Lot = 2.95 ($)
0.06 Lot = 3.54 ($)
0.07 Lot = 4.13 ($)

In case you’re utilizing the next lot than 0.07 in your steadiness, please contact us to get the particular take revenue quantity.

PARAMETERS EXPLANATION

Present Panel (Flip Off For Sooner Backtest) // Set to true by default. You possibly can flip it off in case you’re backtesting the robotic for quicker outcomes.

– Lot Dimension // By default, the lot dimension is 0.01 

Take Revenue (All the time Preserve It Seen) // By default, it is set to Hidden due to market validation functions. Nevertheless, please all the time set it to Seen.

– Take Revenue in ($) // By default, the take revenue is $0.59 greenback. This implies the EA will shut the commerce when $0.59 is achieved on every foreign exchange pair.

– Max Unfold (0=Disable) // By default, the max unfold is 100. If you choose a decent unfold, the EA won’t enter the commerce if it is greater than your chosen quantity.

Enable Hedge (In case your dealer helps hedge, flip it on) // By default, hedge is turned off. Hedge implies that the EA can open 1 purchase and 1 promote order of the identical foreign exchange pair. If you would like extra income per day, you’ll be able to flip this characteristic on. Nevertheless, please observe that you’ll have greater publicity to the market so the danger may be greater. 

 Max Lot Dimension // By default, it is set to 0. Since BLACK LION makes use of smooth grid, you’ll be able to choose the max lot dimension you need the EA to commerce. It won’t exceed the quantity you enter. 

 Commerce On Holidays // By default, it is set to true. If you don’t need the EA to position trades in the course of the Christmas yr interval and the New Yr, you’ll be able to set this to false.

 Magic Quantity // By default, it is set to 1. Every foreign exchange pair chart should have a special magic quantity. Instance: AUDUSD (Magic Quantity: 1), USDCAD (Magic Quantity: 2), GBPCAD (Magic Quantity: 3)

– Guide Intervention // By default, it is set to false. If you wish to manually shut some collection, you’ll be able to set it to true. Nevertheless, it isn’t really helpful to do any handbook intervention. Please let the EA do all of the work. 

– Wait For Candle Affirmation // By default, it is set to true. Please all the time depart it to true. 

– Information Filter Settings (On By Default) // By default, information filter is about to true. This implies the EA will not place trades on excessive impression information. 

 UseNewsFilter // It is set to true by default. 

 Use Excessive Influence // It is set to true by default. This implies the EA won’t commerce throughout excessive impression information.

 HighPause Earlier than // What number of minutes would you like the EA to pause earlier than the excessive information impression? We prefer to set it to 60 minutes. You possibly can change it to greater or decrease. 

 HighPause After // What number of minutes would you like the EA to pause after the excessive information impression? We prefer to set it to half-hour. You possibly can change it to greater or decrease.

 NewsCurrency // What foreign money do you goal? In case you’re utilizing EURUSD, you have to separate it like this: EUR,USD — USDCAD, will probably be like this: USD,CAD — AUDNZD, will probably be like this: AUD,NZD 

 Account Safety // That is the safety of your steadiness when buying and selling 

 Take Revenue In Share // In case you set it per instance to 1%, because of this the EA will shut all trades when your account fairness goes +1%.

 Max DrawDown In Share // In case you set it to per instance 15%, because of this the EA will shut all of the energetic trades when your account fairness is -15%.

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