How to Use The Expert?
Run Incantation just on one chart – EURCHF (timeframe only H1). Once it’s attached to a chart, it will automatically scan charts of other currency pairs and open positions accordingly.
How to fix error 4752?
This error indicates that you’ve not enabled auto trading. In order to fix this, you need to perform two tasks:
Firstly, the “Algo Trading” button on top of your Metatrader terminal should be green (enabled)
Then in expert settings in “Common” section, the “allow Algo trading” box should be checked as well
Are the default settings good?
The default settings are great but you can change them according to your style of trading.
What is the minimum recommended start balance?
This is put at $500 for every 0.01 if you go for the fixed lot in lot sizing method. If you choose lot sizing method: based on the balance, then the risk percentage should be something like this:
0.5% min. $3000
1% min. $1500
5% min. $300.
How to fix error “Indicator ‘Average True Range’ cannot load”?
It means the history of charts are not loaded, to fix this, open all the charts of the symbols you included in the symbol list and let the charts load
How to increase traded lot sizes?
One of the simplest ways to increase the traded lot size is by increasing the Risk of each trade (%) or to make use of fixed lot.
What determines the T/P?
The ai is trained through out the market and base on what it learned it will decide on how much profit it can get from any position
What determines the S/L?
Just like the T/P, stop loss is determined by how much room a position needs to hit the target.
Inputs Details
Detailed description of Orion’s inputs:
Pairs:
Symbols that you like to trade on , we recommend the default ones , remember to add pairs all with capital letters and without any space and separated by a comma
Expert Comment:
This is a comment section which some users find quite useful. You can easily edit it by double clicking on the comment that is currently set as “OAI” which means Orion Artificial Intelligence
Symbol Suffix:
if your broker requires this, please ensure to include it. For example if EURUSD pair with your broker is EURUSDx, you MUST put “x” here
Symbol Prefix:
if your broker requires this, please ensure to include it. For example if EURUSD pair with your broker is xEURUSDx, you MUST put “x” here
Magic Number:
This is where you set your magic number if you need to. please ensure that it is different from other magic numbers being used in other charts
Lot:
If you set it to zero it means that it will automatically calculate the lot based on risk percentage from the input below it ,but if you set it to any number it will use that as lot value for all orders.
Risk % in case of automated lot:
For example if you set it to 1 percent it will lose exactly 1 percent if any order hits stoploss
Max open positions:
Orion will not have more than 20 positions open at any time based on default
Max spread for market order in pips:
This is the maximum spread that is allowed for the EA to open a position. In case Orion would want to place a trade but the spread is too high, the trade will not be placed. 0 means it doesn’t filter any trades
Close all when reach equity DD:
If this is On it will close all orders when reaching the drawdown set by input below
Equity DD :
If you set the above to true, then you can set the actual drawdown limit, For example if your Equity is $1000 and you set the value to 10, then all your open trades will be automatically closed once the total drawdown hits -100 USD. Currently it's set to 35%
Daily target:
For example if you set it to 1 then if you make 1 percent profit in a day it wont trade anymore until tomorrow ,zero means its disabled
Close all when hit daily target:
If the above input is not zero and this input is on, when the daily target is achieved (including equity) it will close all orders , otherwise it will only calculate the balance and not includee the open positions
Trailing pips:
Here, you can indicate what should be the distance of trailing stop and current price
Zero means its disabled.
Trailing Start:
Here, you can indicate after how many pips of profit the trailing should start
One order per pair at a time:
If enabled, allows for only one order of a symbol at a time
Max Number of Hitting SL in a day:
you can determine how many SL you can have in a day
