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Input Parameters of TS HedgeBasket

28 May 2019, 06:13

Jian Chen

222

The TS HedgeBasket EA has about 20 input parameters. Most of them are easy to understand by their names, and most of them can work fine with the default values.

Here is the parameter list:

Money Management - true/false means the trade volume is calculated by account balance or is fixed.
Unit Lots, Lots Per Balance - example: Unit Lots = 0.01, Lots Per Balance = 1000, it means if the account balance is 1000 USD, the trade volume of an order is 0.01 lot. If the account balance is 2000 USD, the trade volume of an order is 0.02 lot.
Fixed Lots - When Money Management = false, EA use this value as the trade volume of an order.

Use Global Stop Loss - true/false, if this parameter is set to "true", when the loss of a currency basket exceeds the "SL Percentage of Balance" percent of balance. All the orders will be closed to cut the loss of this basket.
SL Percentage of Balance: see above.
Order TP in Pips - TP in pips of each order (for 4,5 digits currency pairs such as EURUSD, the price unit is 0.0001, for 2,3 digits currency pairs such as USDJPY, the price unit is 0.01).
Order SL in Pips - SL in pips of each order.
Order Gap Pips - For one currency pair, the minimum price distance between orders in pips.
Basket TP in Pips - When the average profit of all orders in the basket exceeds this value, all the orders in the basket will be closed.

USD Trade Mode, EUR Trade Mode, GBP Trade Mode, JPY Trade Mode, AUD Trade Mode, NZD Trade Mode, CAD Trade Mode, CHF Trade Mode - For each currency, you may set the values to "Long and Short/Long only/Short only/Do not trade". For example, because of the Brexit events, the GBP is too volatile. So we set the "GBP Trade Mode" to "Do not Trade" by default.
Symbol Suffix: If the symbol names are different with the standard ones, you may use this parameter to customize the symbol names.
Magic Number: The special ID of orders opened by this EA.
Timer: How many seconds the EA will check the status of every currency basket. The default value is 5 seconds.
Do not trade in strong trend: If this is set to "true", EA will only open local trend reversal orders in flat market.
Only trade in strong trend: If this is set to "true", EA will only open trend following orders in trend market.
No New Orders: If this is set to "true", the EA won't open new orders.
Viewer Mode: If this is set to "true", the EA will display the user panel only and won't trade on this terminal.
Min Account Margin Level: When the free margin level is less than this value, the EA won't open new orders.

Disable PingPong Strategy: A local trend reversal strategy is added into the EA that trades the symbol which the EA was attached. The main purpose of this strategy is to let the EA can trade current symbol. You can set this parameter to "false" to disable it.