Greetings !
All our systems are completely open, even multi-currency systems can create their own settings and go through optimization cycles.
I will try to describe all the main parameters that affect the result.
The system trades on gold and therefore it is important for it to have a low spread from the broker, which allows you to accurately enter the market and, most importantly, close your profits.
If the spread is too wide, then the large spread protection will be triggered.
Therefore, I always recommend checking the system specifically for your broker based on real quotes.
The system has a built-in strong news filter, which is not active by default.
If you are afraid of large slippages during strong news and are not confident in your broker, then it is better to activate this function.
To do this, you just need to press the NEWS ON button.
MQL does not allow us to adjust slippage.
For example, we cannot cancel a trade if the slippage is higher than normal, we simply do not have the rights to do so.
Only a broker can regulate these issues.
Slippage is when the price opens worse than it should and the profit closes worse due to delays on the part of the broker.
Therefore, I recommend using good brokers.
Moreover, they allow you to return part of the commission back to your broker account.
I previously wrote about this on my blog.
In general, I love writing blogs, these are short articles that will really help you better understand MQL and its intricacies.
So I’ll leave the URL to my blog in case someone finds it useful!
I will be glad if you leave comments or any useful criticism from your side! Thank you !
So SIAM trades only on one main chart XAUUSD / GOLD
The system automatically detects suffixes and has completely open parameters.
- SHOW INFO - displays information on the visual chart panel
- RISK % [0=FIXED] - risk, determines the maximum drawdown without taking into account the recovery factor
- MAX BROKER SPREAD - the maximum allowable spread of your broker, the higher the spread, the worse the trading conditions
- YOUR COMMENTS FOR DEALS - comments on transactions
- FIFO MODE - FIFO mode, disables all pending orders if the deal becomes active
- MAX % DD - maximum allowable drawdown; when this drawdown is reached, the algorithm will close all positions of the system
- INTERRUPTS - frequency of checking market volatility and quality of quotes
- WAKA VOLTIC MODE - the mode increases the distance between recovery positions and the profit of the system in highly volatile markets and vice versa
- MAX RECOVERY ORDERS [0 = OFF] - number of additional orders during recovery, all orders have a fixed SL
- RECOVERY PROFIT - profit necessary for recovery
- DYNAMIC DISTANCE - average dynamic distance between orders
- 2nd TRADE MULTIPLIER - multiplier for the second trade
- 3nd TRADE MULTIPLIER - multiplier for the third position
- PERIODIC [0 = OFF] - periodicity indicator for calculating support and resistance levels during recovery orders
- FIXED TP - fixed profit for each transaction
- BUY SL - fixed SL for all transactions
- BOX SIZE CHANNEL - the parameter determines the depth of the market channel calculation, the larger the parameter, the fewer positions we get
- VOLATILITY VALUE - a parameter that determines the minimum acceptable volatility in the market; the lower the volatility, the worse the trading conditions
- TRAILING STOP - fixed distance for virtual tracking of profits in points
- TRAILING % - percentage of profit during support
- MAX TRAIL % - maximum profit value at which support stops
- AUTO GMT - broker GMT calculation, not connected in any way with the GMT of your UPS or PC
- MANUAL GMT - manual GMT entry for specific brokers
- USE NEWS FILTER - news filter activation mode
- NEWS SYMBOL - active currencies for the news filter
- SLEEP MINUTES BEFORE HIGHT NEWS - delay before big news in minutes
- SLEEP MINUTES AFTER HIGHT NEWS - delay after the appearance of strong news in minutes
- SLEEP MINUTES BEFORE NONFARM / FOMC - delay before big news FOMC/NONFARM in minutes
- SLEEP MINUTES AFTER NONFARM / FOMC - delay after the appearance of strong FOMC/NONFARM news in minutes
- СURRENCY - visual display of the currency of your account
- MAGIC - unique number
- STOP CHRISTMAS DAYS - trading stop mode during the New Year holidays
- FIXED LOT - fixed lot (active if Risk=0)
- MAX FIRST LOT - maximum allowed lot for casino mode
