There are 4 types of Settings I will show you here and 2 Modes for the EA ( Aggressive and Conservative )
So you can combine any one of the 4 settings with any of our 2 modes , that makes different 8 sets of options
- The settings could be either High risk , Medium risk, Low risk or Low risk with Martingale
- The common settings are the same for 4 types , the only difference is the number you enter in " Risk % of Balance "
- In the attachments you can find a set file with the recommended common settings for each settings of the following
2- If you want Medium risk then make "Risk % of Balance" = 10% ,, The Least deposit for this approach is 250 USD
3- If you want Low risk then make "Risk % of Balance" = 5% ,, The Least deposit for this approach is 500 USD
4- If you want Low risk with Martingale then make "Risk % of Balance" = 5% AND Enable Martingale in Settings ,, The Least deposit for this approach is 500 USD
>> You can Select any of the above settings with our 2 main Modes ( Aggressive or Conservative )
>> I
Recommend 2 Sets
(However you will find the 8 possible sets in the attachments) :-
.............
First Set : (Aggressive) And (Low risk with Martingale)
it combines low risk settings with Martingale
- The least balance for this approach is around 500 USD or equivalent
- These settings change according to your deposit and your currency
* Here the settings for 500 USD
You use Default settings coming with EA ( you can get it by clicking on Reset button in the
settings) with :
*Mode = Aggressive
* Risk % = 5 %
* Max Trades = 1 or 2
* Martingale = on
* Max Martingale Trades = 3
*
Step = 60
* Accumulative Stops = True
* Accumulative TP = 1
( This parameter in
currency and it's modified upon your deposit and ur currency but generally it should equal 10 pips from your original trade , my Balance = 500
so my calculated lot size upon risking 5% is 0.01,
so 10 pips equal 1 $ nearly )
* Accumulative SL = 125
( This parameter also in Currency and it needs to be 25% of
your balance to let a space for all Martingale trade )
* High News =True
* NFP News = True
- There's a difference between normal TP at the beginning of the settings and the accumulative TP in the Martingale settings
- The first one is in pips and it always 10 whatever your deposit
- But the last one is in Currency and it should equal in currency what's equivalent to 10 pips , that's depend on you risk , Deposit and
currency
- So if you have 1000 EUR and you risk 5% with default settings ( TP=10 & SL= 250 ) so your trade size will be somewhere around 0.02 , If you earn 10 pips with 0.02 lot then it will be somewhere around 2 Euro or Dollars , So Accumulative TP = 2
Second Set : ( Conservative ) AND ( High Risk )
You can get that by applying default settings and :
*Mode = Conservative
*Risk of Balance = 20 %
*High
News = True
*NFP News = True
