LINK TO THE UTOPIA - THE ALL IN ONE EXPERT ADVISER
https://www.mql5.com/en/market/product/38264
UTOPIA - THE ALL IN ONE EXPERT ADVISER
INPUT DETAILS
CURRENCY PAIRS: The option allows to use/select different currency
pairs in the EA. A trader can select one currency pair or more than one
currency pairs for trading according to his/her investing style.
Please note: Use the Tags properly according to your broker. If the
valid abbreviation is GBPUSD with a dot, use GBPUSD. instead
of GBPUSD
ORDER MODE: BUY/SELL/BOTH The option to open
positions in either buy, or sell or in both directions
LOT SIZE: This is the initial Lot Size
AUTOLOT INCREASE: True/False
LOT FOR:
INCREASE LOT FOR BALANCE:
The three option above are for automatic opening of LOT SIZE according to the
capital. The AUTOLOT INCREASE feature will work if set to
true, otherwise it will open fixed lots according to the Initial Lot Size.
The LOT FOR and INCREASE LOT FOR BALANCE works
according to the formula (LOT FOR/INCREASE LOT FOR BALANCE)*YOUR
CAPITAL.
As an Example
YOUR CAPITAL: $300
LOT FOR: 0.01
INCREASE LOT FOR BALANCE: $100
THE INITIAL LOT WILL BE 0.01/100 * 300 = 0.03 LOT
PLEASE NOTE: This feature is added to manage SIGNALS. The
Signal provider can use this feature to provide OPTIONS for
Low capital and High Capital signal followers
MULTIPLIER: This allows user to select multiplying the lot sizes in
case of multiple orders. Keeping Multiplier at 1 will open constant fixed lots
set at Initial Lot Size.
TAKE PROFIT (POINTS): This is set according to each INDIVIDUAL
ORDERS.
STOP LOSS (POINTS): This is set according to each INDIVIDUAL ORDERS.
TAKE PROFIT USD: The Take Profit USD is set
for GLOBAL PROFIT of Multiple Orders. The Take Profit is set
in USD price or Base Currency Price
STOP LOSS USD: The Stop Loss USD is set for GLOBAL STOP
LOSS of Multiple Orders. The Stop Loss is set in USD price or
Base Currency Price
MAGIC NUMBER: Magic Number. The EA can be used
on one screen with multiple Currency Pairs. If a trader wants to use multiple
screens, it is recommended to chnage Magic Number for each screen
USE CLOSE TRADES: TRUE/FALSE: The Use Close Trades is applicable
only if USE TREND INDICATOR is set to TRUE. When this is set
to true, all orders will close if the trend indicator changes the
direction.
MAX TRADES: The max trades allowed till Take Profit USD or STOP
LOSS USD is hit or orders are closed by other methods
described below
EA ACTIVATION PRICE: The price is MANUALLY SET BY TRADER according
to his strategy. This is one of the most powerful feature of this EA. If
the EA ACTIVATION PRICE is set to zero, all positions will
open automatically according to other settings. If EA ACTIVATION
PRICE is given a VALUE, it will only activate the EA
once the this Price is Hit.
EA DEACTIVATION PRICE 1: The price is MANUALLY SET BY
TRADER according to his strategy. This can be used by the user as a
Take Profit or Stop Loss level. Once the EA hit this price, all positions will
close.
EA DEACTIVATION PRICE 2: The price is MANUALLY SET BY
TRADER according to his strategy. This can be used by the user as a
Take Profit or Stop Loss level. Once the EA hit this price, all positions will
close.
PLEASE NOTE the EA ACTIVATION PRICE, EA DEACTIVATION PRICE
1 and EA DEACTIVATION PRICE 2 are provided for the traders to enter
and exit trades manually. This gives power to the user. The activation feature
will only activate the EA once the price is hit. The positions would open
according to the criteria met by the EA.
DIFFERENCE MODE: NORMAL/IN LOSS/IN PROFIT Another POWERFUL feature
of this EA. The difference mode is applicable on multiple orders only. The EA,
if allowed to open more than 1 trade in MAX TRADES, will open
trades according to the Difference Mode selection
NORMAL: Normal mode would keep opening orders in the direction of
EA settings regardless of IN LOSS or IN PROFIT conditions.
IN LOSS: In LOSS mode allow new trades to open only when the EA is
in Loss. The condition works according to the formula
LONG: New order2 Price < New Order1 Price < New Order0 Price (Average,
Grid, Martingale going down)
SHORT: New order2 Price > New Order1 Price > New Order0 Price (Average,
Grid, Martingale going down)
IN PROFIT: In PROFIT mode allow new trades to open only when the EA is
in Profit. The condition works according to the formula
LONG: New order2 Price > New Order1 Price > New Order0 Price (Average,
Grid, Martingale going above)
SHORT: New order2 Price < New Order1 Price < New Order0 Price (Average,
Grid, Martingale going above)
DIFFERENCE ORDERS (POINTS): The Difference orders allow the EA to open
multiple orders with fixed difference from the last open position according to
this Difference orders. Normal mode will open orders in loss or in profit in
both conditions. In Loss will open would open order with difference when EA is
in LOSS. In Profit mode open orders with difference when EA is in profit.
USE STOP TRAILING POINTS: TRUE/FALSE
TRAILING STOP (POINTS): The trailing stop in points is used for
trailing profits when USE STOP TRAILING POINTS is set to true. PLEASE
NOTE, the trailing stop would only work when STOP TRAILING
POINT is hit.
STOP TRAILING POINTS: The Stop trailing points allow the trailing
stop to work after the points selected are hit. If an example, a trader wants
trailing stop to start after 200 points from entry, the EA would not start
trailing stop before 200 points. IF set to zero, it will start trailing stop
immediately after entry.
TRAILING STEP (POINTS): The trailing step would trail stops
according to steps selected by trader. If set to zero, i would trail normally.
USE MA CLOSE: TRUE/FALSE (MOVING AVERAGE CROSSOVER SETTINGS FOR TRAILING
STOP)
MA TIMEFRAME: Selection from different time frames. If current is
selected, the Moving Average would work on current time frame.
MA PERIOD FAST: Moving Average fast period
MA SHIFT FAST:
MA METHOD FAST: SIMPLE/EXPONENTIAL/LINEAR WEIGHTED/SMOOTHED
MA APPLY TO FAST: CLOSE/OPEN/HIGH/LOW/MEDIAN/WEIGHTED/TYPICAL
MA TIMEFRAME: Selection from different time frames. If current is
selected, the Moving Average would work on current time frame.
MA PERIOD SLOW: Moving Average slow period
MA SHIFT SLOW:
MA METHOD SLOW: SIMPLE/EXPONENTIAL/LINEAR WEIGHTED/SMOOTHED
MA APPLY TO SLOW: CLOSE/OPEN/HIGH/LOW/MEDIAN/WEIGHTED/TYPICAL
PLEASE NOTE the moving average crossovers in the settings above are
used for trailing stop. When the MA crosses above or below the other MA, the EA
will close all positions. The EA also allows to select MA in different time
frames. If a trader want to enter in larder time frame and exit using MA
crossover, can select different time frame settings provided
USE PSAR TRAIL: TRUE/FALSE (PARABOLIC SAR TRAILING STOP)
PSAR STEP:
PSAR MAXIMUM:
PLEASE NOTE, similar to Moving Average Crossover, Parabolic SAR is
also a trailing stop feature within the EA.
TREND DETECTION PERIOD: Number of period to select trend detection
in EA. If USE TREND DETECTION FILTER is set to NO, trend
detection period would be taken as zero.
USE TREND DETECTION FILTER: YES/NO The trend detection filter
allows to filter trades according to the trend detection and trend detection
period
SHOW ALERTS: YES/NO
SEND EMAILS: YES/NO
SEND PUSH NOTIFICATIONS: YES/NO
PLEASE NOTE the trend detection period and trend detection filters
are used for entries. The Entries are filtered with strong candle formation and
movements in the selected directions.
USE TREND INDICATOR: TRUE/FALSE (THE INDICATOR IS USED AS A FILTER IN
TRADES). If the trend filter is set to true, it will open positions in
the same direction only.
LOOK BACK PERIOD:
MULTIPLIER:
CHANNEL SHIFT:
USE ADX: TRUE/FALSE (IF SET TO TRUE, AVERAGE DIRECTIONAL INDEX WOULD BE USED
AS FILTER)
PERIOD ADX:
ADX TIMEFRAME: Option to select time frame of ADX. If current time
frame is selected, the EA will filter trades using the selected time frame
APPLY TO ADX: CLOSE/OPEN/HIGH/LOW/MEDIAN/TYPICAL/WEIGHTED
ADX SHIFT:
ADX LEVEL:
USE ATR: TRUE/FALSE (IF SET TO TRUE, AVERAGE TRUE RANGE WOULD BE USED AS
FILTER)
ATR TIMEFRAME: Option to select time frame of Atr. If current time
frame is selected, the EA will filter trades using the selected time frame
ATR PERIOD:
ATR SHIFT:
ATR SIGNAL VALUE:
USE TIME FILTER 1: TRUE/FALSE
START TIME 1:
END TIME 1:
USE TIME FILTER 2: TRUE/FALSE
START TIME 2:
END TIME 2:
USE TIME FILTER 3: TRUE/FALSE
START TIME 3:
END TIME 3:
PLEASE NOTE, there are three different time filters to choose
entries. The EA would trade only within the selected time filters set
by the trader.
USE BREAKEVEN: TRUE/FALSE (WHEN SET TO TRUE, THE
BREAKEVEN FEATURE WOULD BE APPLICABLE ON EACH SEPARATE ENTRIES)
BE MINIMUM PROFIT (POINTS): The BE MINIMUM PROFIT allow the breakeven
to work after the points selected are hit. If an example, a trader wants
breakeven to be fixed only after 200 points from entry, the EA would not set
breakeven stop before 200 points. IF set to zero, it will set breakeven stop
immediately after reaching break even point
BE LOCKING (POINTS): The points at which the profits would be
locked after the EA hits BE MINIMUM PROFIT TARGETS. If set to zero, the
Breakeven would be locked at Entries only.
