Trade Stop Filter

501 December 5, 2023

Trade Stop Filter

 

In this section, you can control to stop opening new initial trades. 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.

There are two types of stop filters -

For Running Trades - This type of filter works with running trading.

  • Max Running Initial Trade (All Pair): This section only works when you are active in multi-pair trading mode. 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. 
  • Max Running Initial Trade Filter Type: There are three types to consider which type of pair needs to stop.
    • All Trade: All types of pairs will be considered as running trades.
    • Same MagicNumber: Consider as same MagicNumber you set in the COMMON SECTION input.
    • Same Comment: Consider as same trade Comment you set in the COMMON SECTION input.

For When you have no opens Trades - This type of filter works when you have no trades.

  • Daily Max Initial Trade (All Pair) (0-Mean Disable): This section only works when you are active in multi-pair trading mode. 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 (Trade Opened): When an initial trade is opened that candle called as Same Candle (Trade Opened). If True, EA will not open an initial trade in the same candle after the trade closed. For example, When a trade is opened by signal and closed in the same candle, and there is still a valid signal but EA will not open trade again until a new candle comes.
  • Don't Open Candle Period (Trade Opened): Which timeframe candle is considered as Same Candle (Trade Opened). For example, if you set H4 timeframe then EA considers the same candle as H4.
  • Don't Open in Same Candle (Trade Closed):  When an initial trade is closed that candle is called as Same Candle (Trade Closed). If True, EA will not open an initial trade in the same candle after the trade closed. For example, When a trade is opened by signal and closed after four or five candles later, and there is still a valid signal but EA will not open the trade again until a new candle comes. Keep In mind where you last trade closed consider it as Same Candle (Trade Closed)
  • Don't Open Candle Period (Trade Closed): Which timeframe candle is considered as Same Candle (Trade Closed). For example, if you set H4 timeframe then EA considers the same candle as H4.

KEEP IN MIND - This section only stops to open initial trade only. This filter will not work on Grid trade.

NOTE - THIS IS OUR COMMON FUNCTION GLOSSARY. INPUT THAT IS USE OUR MAXIMUM ROBOT. IF ANY OF INPUT YOU DON'T SEE YOUR EA, THAT MEANS THIS INPUT IS NOT AVAILABLE IN YOUR EA.