Instructions of the Blue Chip Investing EA

• Video of How to run MT4 on chart: https://youtu.be/V2kyRkIoaE4
• Video of How to run MT5 on chart: https://youtu.be/xHAXqksjBus
• Video of How to Backtest MT4: https://youtu.be/ekMQB1qSPLo
  
• Video of How to Backtest MT5: https://youtu.be/WrASS0o8EAU

How to enable news filter in MT4/MT5

    Go to MT4/MT5 and click tools>Options (or press ctrl+o) to open options of your MT4/MT5 terminal.
    Go to the "Expert Advisors" tab.
    Tick the checkbox for "Allow WebRequest for listed URL".
    Add this URL https://nfs.faireconomy.media and click OK.



Easy and step by step guide on how to use the Blue Chip Ea properly:

1_ run the EA on any pair and Timeframe H1 and when trying to attach it to chart in Common section enable "Allow algo trading" same as picture below:

for MT5:




and for MT4:





2_you have to Enable Algo Trading Button on top oMetatrader terminal  as images below:

For MT5:

And for MT4:

3_after these 3 the icon EA on chart of MT5 will turn blue and in MT4 will  be a smiley face as images below:

MT5:




MT4:



and you are good to go...

Detailed Descriptions of Inputs:

============= General Setup =============

1. Symbols:
   Specify the trading symbol(s) for the EA to operate on. For example, entering "GBPUSD" restricts trading to this symbol.

2. Magic Number:
   A unique identifier for trades placed by the EA, ensuring they are distinguishable from other EAs or manual trades.

3. Order Commentary:
   Add a custom comment to trades executed by the EA. This can be useful for identifying and categorizing trades.

============= TP and SL Setup =============

4. Manual Stop Loss Points:
   Specify a fixed stop loss in points for all trades. A value of -1 disables this feature.

5. Manual Take Profit Points:
   Specify a fixed take profit in points for all trades. A value of -1 disables this feature.

6. Extra Stop Loss Points:
   Add an additional buffer to the calculated stop loss value for further risk adjustment.

7. Extra Take Profit Points:
   Add an additional buffer to the calculated take profit value to increase profit targets.

============= Risk Setup =============

8. Lot Calculation Method:
   Select the method for determining the lot size, such as fixed lot size or balance-based dynamic lot size.

9. Risk Percentage per Trade:
   Define the percentage of the account balance to risk on each trade. Higher values increase trade size and risk.

10. Fixed Lot Size:
    Set a static lot size for all trades. This value overrides risk-based calculations when used.

============= Order Setup =============

11. Order Splitting:
    Enable or disable the feature to split trades into multiple smaller orders with varying take profit levels.

12. Number of Split Orders:
    Set the number of trades into which a single order will be split, if order splitting is enabled.

============= Same Order Setup =============

13. Single Trade per Symbol:
    When enabled, the EA will only open one trade at a time for each trading symbol.

14. Minimum Distance Between Trades:
    Specify the minimum distance (in points) between trades of the same symbol to avoid clustering.

============= Prop Firms Setup =============

15. FTMO Randomizer Feature:
    Enable a randomizer that slightly modifies take profit and stop loss values. This helps prop firm traders avoid having identical trades with other users.

============= News Filter Setup =============

16. High-Impact News Filter:
    Enable filtering to avoid trading during high-impact news events.

17. Medium-Impact News Filter:
    Enable filtering to avoid trading during medium-impact news events.

18. Low-Impact News Filter:
    Enable filtering to avoid trading during low-impact news events.

19. Avoid Trading Before News:
    Specify the number of hours before a news event to stop trading, minimizing risk during volatile periods.

20. Avoid Trading After News:
    Set the number of hours to pause trading following a news event to allow the market to stabilize.