—- Risk and Magic Variables —– #
Allow EA to Trade (default=true): If True the EA will be allowed to take trades.
False doesn’t let EA take new trades but if any existing trade is open it will be managed according to the exit and trailing SL rules.
Position size method to use (default = Fixed %): Chose which of the 3 types of position sizing to use.
Fixed Lot: will open each order with the designated lot size (eg. 1 lot will open a 1 lot trade for TP1 and another 1 lot Trade for TP2)
Equity Per Lot: Lot size will be calculated as a fixed value based on account equity. (eg. 10,000 equity per lot means that for every 10,000 of account balance a 1.00 Lots trade in total will be opened across TP1 and TP2)
Fixed %: Lot size for positions will be calculated to represent the % risk per trade stated based on account Equity. (eg 1% risk per trade will open TP1 and TP2 trades representing in total a 1% risk of the account equity at the time of order placement)
Fixed $: Lot size will be calculated to risk the designated $ (in account deposit currency) per trade. eg. 1,000 risk per trade will open TP1 and TP2 trades in total representing a 1,000 risk)
Risk, Lot size, or Equity per Lot (default = 1): Amount to use for the risk calculations.
If using fixed lot, this value will mean lots.
If using Equity Per Lot, this value means equity units in account base currency per every 1.00 standard lots to be traded.
If using fixed % this value will mean % of account equity.
If using fixed $ this value will mean $.
Roundturn Commission Per Lot (in deposit currency) (default = 10): Broker commission per lot for R:R calculations. If you are using an account that has no commissions then use 0, if your broker is an ECN/Razor/raw/direct type of account then input here your broker round turn commission per lot in account currency to have a more accurate R:R calculations.
Base Magic number to use: This is the magic number the EA will use when opening orders. The magic number can be used to track the trades for the EA and it is used to manage the trades if needed.
(The EA automatically adds the TF code to the magic number you place to correctly identify multiple trades on a single pair but generated from different Timeframes)
Treat all Timeframes as 1 (default = true): If true it will use the same magic number for all trades and will enforce scaling rules across all timeframes.
If false each timeframe will have a unique magic number and scaling rules will be enforced on an individual timeframe basis.
——- Indicators Parameters ——– #
Execution TimeFrame (default = current): Select the timeframe you want the EA to use as a base for the setup.
If “current” is selected then the EA will use the chart timeframe for calculations
If any other timeframe is selected then the EA will use the selected timeframe for the calculations irrespectively of the chart timeframe (this can be used for fast and accurate backtests using M1 data, selecting the desired timeframe for the backtest, and using the M1 timeframe for the backtester).
——–Working Hours——- #
| Start Hour (0-23) (default = 0) |
| Amount of hours to work (1-24) (default = 24) |
This tells the EA in which hours to take new trade setups in that direction. The EA will take the time as the server time not the local time of your computer.
——- Working Days ——— #
| Trade Monday (default = true) |
| Trade Tuesday (default = true) |
| Trade Wednesday (default = true) |
| Trade Thursday (default = true) |
| Trade Friday (default = true) |
All these settings tell the EA if it can open new orders on that day.
If “false” then the EA will ignore any new setups that happen during that day
If “true” then the EA will take any new setups that happen during that day
——–END OF WEEK OPTIONS——–
Enable Closing Trades on Friday (default = false):
If true the EA will close any open trades on Friday to avoid having open trades over the weekend.
If False then the EA will allow trades to be opened during the weekend.
Friday end of trading Hour (default = 20): This is the hour (on broker time) in which the EA will start closing out all trades and prevent new trades from happening if the previous setting is true. (this input accepts values from 0-23)
Friday end of trading Minute (default = 00): This is the minute (on broker time) in which the EA will start closing out all trades and prevent new trades from happening if the previous setting is true. (this input accepts values from 0-59)
——- Notification Methods ——- #
Use MT4 Mobile Notifications (default = True): Tell the EA to use MT4 mobile notifications.
If “false” the EA will not send MT4 Mobile notifications as alerts.
If “true” the EA will send MT4 Mobile notifications as alerts.
(The MT4 Mobile notifications can´t be sent with a screenshot of the chart due to limitations of the MT4 Mobile notifications system)
To use the MT4 Mobile notifications you need to enable Push notifications and enter your Meta Quotes ID (MQID) in the terminal options.
(For instructions check the “Using MT4 Mobile Notifications” section in the general documentation)
Use Telegram Alerts (default = True): Tell the EA to use MT4 mobile notifications.
If “false” the EA will not send Telegram alerts.
If “true” the EA will send Telegram alerts.
(To use Telegram Alerts you will need to allow DLL imports on the EA as well as web requests from https://api.telegram.org/)
(For instructions check the “Using the Telegram alerts” section in the general documentation)
Token: Your Telegram bot private key token (you get it when you create your telegram bot. Keep this number safe!)
Chatid (in number format): This is the ID number of your chat so your bot can send you messages. (for how to get this ID read the “Using the Telegram alerts” section in the general documentation)
