General Setting
- Initial Trade Type: You can control which trade type EA will be open with the Initial Trade Type.
- Both Side (Long and Short): EA follows both long (BUY SIGNAL) and short (SELL SIGNAL) when a signal is found.
- Any Single Side: EA follows only one signal: long(BUY SIGNAL) or short(SELL SIGNAL), you select which signal comes first. In trading, we have to not confuse ourselves with LONG or SHORT. This Simply means BUY(LONG) and SELL(SHORT) EA follows only one signal – long or short (which signal come first).
- Long Side Only: EA follows only a long signal. The EA will only detect and trigger BUY trades only and will ignore Sell trades.
- Short Side Only: EA follows only a short signal. The EA will only detect and trigger SELL trades only and will ignore Buy trades.
- Max Spreads (0-Disabled): Spread is the distance between the Bid and Ask price of an asset. You can set filter for max spreads. If you not sure which spread to use leave this as default so that it uses CURRENT BROKER SPREAD.
- Initial Lots Type: Select initial lots type. Lot is the standard unit of measure for a position or size opened by a trader. Lot can be a mini lot, micro lot or standard lot.
- Fixed Lots: Set your fixed lots here. Determine how much fixed lot to use. With this function, all your trades will use the fixed lot you selected. Note that this only work when your Initial Lots Type = Fixed Lotsize
- XBalance: XBalance refers to your amount of capital available in your trading account. Where X is a number. For example if X is 100 means your balance is $100. If this function is enabled lot size will increase/decrease based on your account balance
- LotsizePerXBalance: Here is where command on how much lot size to increase if your balance increased. Lot size is based on the asset traded. Some assets accept only Standard Lot(1 lot), some mini lots(0.10) while some accept micro lots(0.01). This function will allow you to put lot size which will only increase or decrease based your XBalanceHow XBalance and LotsizePerXBalace work - For Example, if your setting is XBalance = $100 and LotsizePerXBaance = 0.01 calculation will be as follow: (Your current Account Balance / XBalance) * LotsizePerXBaance = You Lots size. If you Balance is $100 then you lot size will be = 0.01, when your Balance increases to $200 then your lot size will = 0.02, $300 Balance your lot size will be = 0.03……
- Max Lots (0-Mean Disable): You can set the Max Lots size for Both initial and Grid trade (0-Mean Disable). No trade will be open above this lot size.
Trend Filter
How It Works:
- No Filter: The Trend Filter is deactivated.
- Range Market: If you select this option, trades will only be opened when your entry signal aligns with a range market condition. For instance, if your entry signal indicates a buy or sell and the Trend Filter confirms a range market, the EA will open the trade.
- Trending Market: Similar logic applies, but trades will only be executed when the Trend Filter confirms a trending market condition.
Other's Settings:
- Indicator (Trend Filter): Select the desired strategy for the Trend Filter.
- Timeframe (Trend Filter): Specify the timeframe for the Trend Filter indicator.
- Settings (Trend Filter): Configure the Trend Filter indicator settings here. Use the specific format outlined below and avoid modifying the structure:
Example Format for ADX:
Currently, the Trend Filter uses the ADX (Average Directional Index) indicator to identify market conditions, following these rules:- Trending Market: ADX value ≥ 25
- Range Market: ADX value ≤ 20
- 14: ADX period
- 25: Value defining a trending market
- 20: Value defining a range market