IMPORTANT:
To use Auto GMT and/or News Filter, open Terminal-Tab "Tools->Expert Advisors->Allow WebRequest for listed URL:" and add (without Quotation marks):
"https://ec.forexprostools.com/"
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"[_____ GENERAL PARAMETERS _____]"
Expert activated
If set to “false”, Expert operation is completely disabled.
Allow new Session
If set to “false”, only the current active market trades including possibly further upcoming reduction trades that belong to that session are regarded to be operated. After closing of all of them, no more trading activity takes place until setting the parameter to “true”.
Play Sound on Profit Closing
Plays the sound similar to “ta-ta!”, if the session became closed.
Play Sound while Profit Trailing
Plays the sound similar to “tick-tick”, during Profit Trailing activity
Display Panel
Displays the Onscreen Panel on the Chart. On the Chart it can be set to shown/hidden by clicking the headline “’LONDON BREAKOUT’ or keyboard key ‘s’ or ‘S’.
Display News Page
Displays the News Event Panel beside the Onsceen Panel. Default setting is disabled as it can be activated/deactivated by the ‘N’-Button of the Onscreen Panel or by clicking the key ‘n’ or ‘N’ at any time.
Magicnumber
The use of an unique Magic Number ensures that other experts' trades or manually opened trades cannot be influenced. On the other hand, care must be taken to ensure that other experts are not configured with the same Magic Number. If the value '0' is set to the Magic Number, manually opened trades will be included!
Order Comment
Fills the Comment field of trades with the here preset text.
Panel Background Color (clrNONE = picture)
Sets the Panel background to your preferred color. If set to ‘clrNONE’, the background graphics becomes taken.
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"[_____ MONEY MANAGEMENT _____]"
Acc. Risk Mode
If Money Management is used, presets the type of how the available account amount becomes utilized. The safest setting is ‘Margin’. However, ‘Margin’ might not be always suitable on Leverage 1:30 accounts that are often used in the EU countries because of their legal restrictions.
Acc. Max. Risk%/Trade (0=disabled)
Set the value according to your risk tolerance.
Lotsize Min. (Risk% = 0 fixed)
If ‘PositionRisk’ set to zero, this lot size becomes used for all opened trades.
LotSizeMin Max. (Risk% > 0 max.)
If ‘PositionRisk’ set to higher than zero, this lot size becomes the maximum to be used for all opened trades even if the available free account amount for trading is not been exhausted.
Max. Spread
Maximum of allowed spread to open or to operate trades. If exceeded, pending orders become closed and market positions are stopping possible active trailing profit operations for the time of big spread.
Use Slippage Protection
Slippage Protection prevents possible heavy losses during extensive market movements like they are appear in times of important market news and events. If big slippage happens, pending orders become closed and just placed market trades become immediately closed, possible with a small loss. Its better to accept a small loss than to keep a deep drawdown on the open trades for possibly longer time or in worst case to have to close them deep in the red.
Max. Slippage
Refers to previous point. Set the value according to your risk tolerance.
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"[_____ TRADING PARAMETERS _____]"
Allow Positions Long
If set to ‘false’, no long orders will become opened.
Allow Positions Short
If set to ‘false’, no short orders will become opened.
Max. Positions incl. Recovery
Limits the count of trades that can become opened including recovery trades.
Min. Recovery Level (0=disabled)
If set to higher than one, trades from this level onwards become closed by reaching the limit of Trailing Profit start settings. If set to zero, all positions become closed together at averaged profit by reaching the limit of Trailing Profit start settings.
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"[_______________ OPENING PARAMETERS _______________]"
" [_______________ Opening Dynamic _______________]"
Open Trail Distance
Used for manual opened market positions only, opened by buttons ‘BUY’/’SELL’. To catch better entry price, a virtually stop order becomes placed with the preset distance in Points. If the price moves further against the chosen trading direction, the virtual order becomes opened if the price pulls back.
Open Trail Step
Refers to point previous. The step in Point(s) to track the trailing virtual order.
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"[_______________ CLOSING PARAMETERS _______________]"
"[_____ Static Section (Points) _____]"
StopLoss Initial Position (0=disabled)
Preset fixed maximum Stoploss value in Points for the initial trade.
StopLoss Recovery Position(s) (0=disabled)
Preset fixed maximum Stoploss value in Points for recovery trade(s).
StopLoss Reduction for Overnight held Positions
Preset fixed reduced Takeprofit value in Points for initial trade(s) that are not had been closed on the same day where they had been opened that can be set to a negative value as well. The idea is that when price returns from a deeper drawdown, it is better to take a small loss than risk another possible pullback that could lead to another larger drawdown or ending up in the preset Stoploss.
Breakeven Recurring Touch Protection
If enabled, protects against possible deeper drawdown, after recurring tries to break the level as of a result of not beeing able to surpass stronger resistence and support levels.
TakeProfit Static (0=disabled)
Preset fixed maximum Takeprofit value in Points for all trade(s).
Adjust Order StopBuy
Used for Optimizing the Buy Stop Order placement as quotes and spreads are differ between brokers and account types. Can be set to negative value as well.
Adjust Order StopSell
Used for Optimizing the Sell Stop Order placement as quotes and spreads are differ between brokers and account types. Can be set to negative value as well.
"[_____ Trailing Section (Points) _____]"
Profit Trail Mode
Sets the style of Trailing Profit mode. ‘Exponential’ follows the price more aggressive than the other selectable modes.
Profit Trail Activation
Sets the minimum profit for starting Trailing Profit. Could become increased if the underlying ATR-value exceeds the preset.
Min. Profit(%) saved @Trail Activation
Percent value of the start of the current Profit Trailing that is protected yet. Depending of the preset Profit Trailing Mode, the difference becomes more and more less.
Profit Trail Step
Refers to point previous. The step in Point(s) to track the virtual Profit Trailing.
Profit to Price Min. Distance
Minimum distance to the virtual Profit Trailing price.
BarShift Wait Bars
In ‘Trail Profit Mode’ additional reduces the distance in steps of minutes.
BarShift Multiplier
Refers to point previous. Speeds up/down the distance reduction.
BarShift TimeFrame
Timeframe for increasing the value of ‘Barshift Wait Bares’
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"[_____ TRADING TIME SETTINGS _____]"
GMT Order Opening Hour
Fixed Order Set GMT-hour open time, independently from the current time zone.
Weekday MO Start Hour (0 = disabled)
Monday start hour where the Expert starts its calculations for later to open order set.
Weekday TU-TH Start Hour (0 = disabled)
Tuesday to Friday start hour where the Expert starts its calculations for later to open order set.
Weekday MO-TH Stop Hour (0 = disabled)
Monday to Friday start hour where the Expert stops its calculations for the day.
Weekday FR Stop Hour (0 = disabled)
Friday’s often are important news published that might cause high slippage. Therefore set it to zero if you prefer to avoid such a risk.
Weekday FR Rescure Trading allowed
In case, a trade was traded previous days and still was not have been closed before Friday, the experts operates like if Friday trading would be enabled, indepentently of the setting of Friday’s stop hour.
Weekday FR Min. Range for Place Orders (0=disabled)
If Friday trading is enabled and the trading range before opening the orders was less than the preset value, the Expert doesn’t place the order set for the day. However, the trader can still open the set manually at any time later.
December Stop Day (0 = disabled)
In December the prices might become more and more erratic as the trading activities are fading for the end of year close. This causes poor liquidity in the market.
January Start Day (0 = disabled)
In the beginning of January, many traders are still on vacations that results the same like in December. Therefore, it’s better to start trading after the 2nd week of January.
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"[_____ MISCELLANEOUS _____]"
Display Panel in visual Tester Mode
If enabled, the Onscreen Panel becomes displa
yed in visual tester mode with all its functionality including operability of the buttons.
