Trade Stop Filter

Trade Stop Filter

While trading we can filter our trades to be automatically stopped using some functions in order to govern or control the profit and loss probability. This will be only applied on the initial trade to define how it will be stopped either by Take Profit, Stop Loss, or Number of trades per pair. These functions will be 0 by Default so that you allow the specific number on the section you need.
  • Max Running Initial Trade (All Pair): Max running initial trade from multi-pair. By default, the EA will open one initial trade at a time per pair. If you activate multi-pair and wish to control how many initial trades will be opened at a time, you can control by this input.For example, you are using EA on EURUSD, GBPUSD, AUDUSD, and your Max Running Initial Trade (All Pair) =2, this means a total of 2 max initial trades will open at a time.NOTE - Only Max Running Initial Trade (All Pair) input works immediately to control the running initial trade. Other inputs discussed below work after an initial close and then stop the next trade. 
    • Daily Max Initial Trade (All Pair) (0-Mean Disable): This option defines the number of Maximum Trades per day from all pairs that the EA is trading in the account.For example, if you are using the EA on EURUSD, GBPUSD, AUDUSD, and your Max Daily Trade (All Pair) =2 that means when total initial open trades are more than 2 from ALL PAIRS, the EA will stop opening initial trades for the day.
 
  • Daily Max Initial Trade (Per Pair) (0-Mean Disable):  This option will define the number of Maximum Trades per day from each pair where EA is trading.
  • Max Daily Profit: Maximum daily profit will also be set at 0 by default. You can specify how much profit you want per day so that the EA will stop trading if the Maximum Profit per day has been reached. For Example, if your target profit is $100 per day the EA will stop trading when the profit available is $100.
  • Max Weekly Profit: This input will specify how much profit you want per week for EA to stop trading and call it a week. Remember these are functions to guide you they do not necessarily mean that your target will be met. Thus why you emphasized as a trader to aim for REALISTIC profits according to your account balance.
  • Max Monthly Profit: While trading, traders have targets expected to be met per month. This is the function where you command the EA to stop trades if monthly profit is met. For example, if your Monthly profit is = $300. EA Stop when it reaches $300 profit.
  • Max Daily Loss, Max Weekly Loss, Max Monthly Loss: Same as  Max Daily Profit, Max Weekly Profit, Max Monthly Profit. Just work with loss
  • Don't Open in Same Candle: Take note here, this function is a further filter for traders to Allow EA to open trades in the same candle or not. For example, we have Engulfing Candlesticks which can engulf a lot of pips from open to close price, this function will allow or deny trade to be opened if such Candle arises.
  • Don't Open Candle Period: The candle period is the time taken for 1 candle to close from its opening price. Some may take longer to close while some may be very faster depending on the market volatility. Here you can decide to use the current candle time or minutes