More Settings

Attached are additional settings. Feel free to use them but please take note of the draw down of each setting.

As would have been observed, these settings were generated using Pax Forex MT4 platform; to worry less about any adjustments based on difference in brokerage account types and should you want to make use of Pax Forex platform, click the link below to open a new Pax Forexaccount:

https://paxforex.com/?refid=2C78BE10-3D77-4DE9-9CF8-A534FF2D3BA7

Also take note of the traded chart symbol

Settings 1 - 5 are for the EURUSD pairs.

Settings 6 - 10 are for the GBPUSD pairs.

Happy Trading!

Here is the signal:

https://www.mql5.com/en/signals/646994

This Is The New Product Description For:

Turbo Pivot - Version 7.317

Attached also is the optimized settings for GbpUsd.

Settings Input Range One: Entry Settings

Time_Frame_Entry             =  PERIOD_M15;

Current_Trading_Chart_Symbol    = "EURUSD";

Select the current chart to which the EA is attached.

Note: Current trading chart symbol value must be same with the chart to which the EA is attached else no trading.

Peak_Range                      = 21;

This is the bar period range (from current bar in hours) within which a viable price move is expected. This also applies to the chosen multicurrency symbols of this EA setting.

PeakRange_CandleLenght          = 125;

This is the minimum directional price movement expected for the chosen range.

Settings Input Range Two: Multicurrency Settings.

MultiCurrency_Symbol          = "AUDUSD";

Choose pair from which price calculations are to be done.

Candle_Lenght_Symbol            = 250;

This is the minimum directional price movement expected for the chosen pair.

Symbol_Reverse                  = False;

This is the predominant direction of price movement for the chosen pair (bullish or bearish). This value must be optimized.

Note: Please repeat procedure for the remaining 5 symbols.

Settings Input Range Three: Fibonacci Retracement and Expansion coordinate settings.

PreTurboDays                    = 3;

This is the most recent peak price period range taken from the daily price chart.

TurboDays                       = 3;

This is the previous peak price period range taken from the daily price chart.

ExtinctTurboDays                = 3;

This is the peak price period range (before the previous peak price) taken from the daily price chart.

TurboDaysCandle_Lenght          = 750;

This is the minimum price movement expected between calculated peaks.

Trade_Entry_Time                = 8;

This is the trade entry timing for fibo retracement and expansion pivots.

Note: The same rules apply for both the short and long range parameter settings.

Settings Input Range Four: Daily Pivot Settings.

TurboLevel                      = 0.25;

This is the level beyond which the daily pivot trades are taken.

Max_Turbo_Life_In_Hours         = 5;

This is the maximum life of a trade (in hours) after which 'unfavorable trades' must be taken down.

Turbo_Satiation                 = 0.7;

This is the maximum range a daily pivot trade is expected to reach above the pivot and beyond which may go no further.

Daily_Pivot_Entry_Time

This is the trade entry timing for daily pivot entries.

Settings Input Range Five: Trade Manager Setting.

Fixed_Lot_Size                  = 0.00;

Enter a set value here if you want the EA to trade a particular fixed lot size, else leave at zero. A zero value means the EA will automatically calculate the right trading lot size to use based on sound risk management control.

Current_ChartSettings_DD        = 0.0;

After optimization select the most stable settings and enter the value of most stable settings draw down here. Only applicable if fixed lot size is set at zero. 

BackTested_Spread               = 0;

Enter the value of the spread used for backtesting here. A zero value means that the current broker spread will be used and this can negatively impact forward testing/live results - making it so sharply different from optimized results.

TurboProfit_Deviation           = 6;

This is the Take Profit value in multiples of the spread.

Loss_Deviation                  = 100.0;

This is the Stop Loss value in multiples of the spread.

Profit Delay Dept

Depth at which a new trade is opened in same direction with an already opened (but yet in negative) trade.

Note: Deviations multiply the spread value. Hence a critical need to keep Back Tested spread constant.

Settings Input Range Five: Trade Manager Setting.

Exposure                        = 1;

This is very crucial. This value determines the number of trades that may be repeatitively opened at any given time, higher values are discouraged and are to be critically examined before usage.

Peak Momment                        = 1;

This value multiplies the current lotsize at a momment when the certainty of trade profit is highest.

Start_Up_Funds                  = 10000.0;

Enter the value of your start up balance here. That way, suitable calculations are done to determine the right lot size to be used in trading. A zero value entered here translates into an increasing lot size as account balance grows.

Traded_Charts                   = 16;

This is the total number of charts to which the EA is attached.

Risk_In_Percent_Acc_Bal         = 40.0;

This is the highest level of risk (in percent account balance) that the trader is willing to take.

Max_Acc_DrawDown_Percent        = 15;

This is the highest level of drawdown (in percent account balance) that the trader is willing to allow.

Trade_Identity_Number           = 1234;

This is the unique number identifier for each opened trade.

Attached herewith are:

1. All in one optimization settings - a guide to show appropriate start, step and stop optimization input ranges.

2. EU Revamped Trade Match 1 (Mode 1 EURUSD settings). 

3. EU Trend Scalper Trade Match 3 (Scalp trade mode 3 EURUSD settings).

Note:

• 2 and 3 can be used as is.
• May adjust Risk Manager section to suite your Account Balance.
• Take caution in entering spread value based on four / five digit account settings -

Ex.

Use '3' as 'Main Chart Spread' for 4 digit EURUSD 

Use '30' as 'Main Chart Spread' for 5 digit EURUSD 

This new update is super! More successful trades with lower draw downs.

Tips:

For each preferred Trading Symbol (EURUSD for instance), Optimize with the minimum lot multiplier value of 1.

Use 'My Fixed Lot Size' value of 10.

After optimization, choose three settings:

• The best settings with lowest draw down for Trade Match 1.
• The best settings with lowest draw down for Trade Match 2.
• The best settings with lowest draw down for Trade Match 3.