Trading Systems

ARES Breakout MT5 MANUAL

17 July 2024, 19:38
Romain Jean Philippe J Chatry
Romain Jean Philippe J Chatry
0
150

Welcome to the Trading Manual for ARES Breakout:

MQL5 Market Place: https://www.mql5.com/en/market/product/120264?source=Site+Market+Product+Page#description

1. Ideal Parameters for each currency

2. Meaning of each parameters

IDEAL PARAMETERS FOR EACH CURRENCY:

Parameters EURUSD EURJPY AUDJPY GBPJPY
Start_Time_Trading
 09:00 09:00
 09:00
 09:00
End_Time_Trading 11:00 11:00 14:00 14:00
Spread_Filter 3.5 3.5
 3.5
 3.5
Setup_TF 30 Minutes 30 Minutes
 30 Minutes
 30 Minutes
SL_TF 3 Hours 3 Hours 1 Hour 3 Hours
Buy_Allowed 1 1 1 1
Sell_Allowed 1 1 1 0
N_Cdl_Back 16 16 16 16
Risk_Percentage 1 1 1 1
TP_Percentage 400 400 400 200
Trailing 0 1 1 0
Breakeven 0 1 0 0
BE_Percentage 0 200 0 0
Magic Number Your choice Your choice
 Your choice
 Your choice
MA Method Simple Exponential Simple Exponential
January true true
 true
 true
February true true
 true
 true
March true true
 true
 true
April true
 true
 true
 true
May true
 true
 true
 true
June false true
 true
 true
July true
 false true
 true
August true
 false true
 true
September true
 false true
 true
October true
 true
 true
 true
November true
 true
 true
 true
December true
 true
 true
 true


Meaning parameters:

Start_Time_Trading: Beginning of trading, the EA will not take any position because this hour.

End_Time_Trading: End of trading, the EA will not take any position after this hour.

Spread_Filter: The EA will not take any trade if the spread is higher than the value. The value is in pips.

Setup_TF: Timeframe use to define the range

SL_TF: Timeframe user for Stop-Loss. Stop-Loss is using the Average True Range (ATR)

Buy_Allowed: The EA will take buys position if 1. If 0, the EA will not take buys. 

Sell_Allowed: The EA will take sells position if 1. If 0, the EA will not take sells.

N_Candle_Back: The number of candle than the EA is looping to define the range.

Risk_Percentage: The risk percentage based on your account balance. 

TP_Percentage: The Target Profit percentage, it's based on the stop loss. The value is in percentage. 100 represent a risk:reward of 1:1. 200 represent a risk:reward of 1:2...

Trailing: The EA will trail your Stop Loss if 1. If 0, the EA will not trail. 

BE (BreakEven): The EA will trail your Stop Loss to BE if 1. If 0, the EA will not trail.

BE_Percentage: The EA will move the Stop Loss to breakeven is the price is at a certain percentage. The value is in percentage (works similar to TP_Percentage). If the trade is at 1:4 risk:reward, you can move the stop loss to breakeven when the trade is at 2 in profit. You would have to indicate 200 as a value.

Magic Number: Your choice

MAmethod: It represents the indicator used for the EA

January: The EA will take trades in January if 1. If 0, the EA will not take trades. 

February:  The EA will take trades in February if 1. If 0, the EA will not take trades. 

March:  The EA will take trades in March if 1. If 0, the EA will not take trades. 

April:  The EA will take trades in April if 1. If 0, the EA will not take trades. 

May:  The EA will take trades in May if 1. If 0, the EA will not take trades. 

June: The EA will take trades in June if 1. If 0, the EA will not take trades. 

July:  The EA will take trades in July if 1. If 0, the EA will not take trades. 

August:  The EA will take trades in August if 1. If 0, the EA will not take trades. 

September:  The EA will take trades in September if 1. If 0, the EA will not take trades. 

October:  The EA will take trades in October if 1. If 0, the EA will not take trades. 

November:  The EA will take trades in November if 1. If 0, the EA will not take trades. 

December:  The EA will take trades in December if 1. If 0, the EA will not take trades.