GBPUSD:
GBPUSD is recommended for all the new EA subscribers.
| Target Percent | Deposit Needed | Profit Expectation per month | Time Frame |
|---|---|---|---|
| 0.5% | 1000$-1500$ | upto 10% | 4H |
| 1% | 3000$ | upto 10% | 4H |
Here is a Formula for Calculating Target percent as per your balance lets suppose your balance is 3500$ , Target percent = Balance/1500 * 0.5 = 3500$/1500*0.5 = 1.16
So for a 3500$ balance you need a target percent of 1.16 or 1.1 to book a profit upto 10% a month.
You can start with 1000$ but try to compound your profits till 1500$ as GBPUSD max equity drawdown for the past 5 years is 1360$ at 0.5 target percent so your balance should be close to 1500$ for long term survivability.
All you need to do is change " Target_Percent" in EA settings as per your balance and risk appetite, I recommend stay at low risk as the profit made by sigma EA is very decent even at low risk.
For other brokers change the Parameter " Search_For_Smaller_Zone" to False for exness keep it true.
Below setfile is by default set at 0.5% Target percent, if your balance is below 3000$ you dont need to change Target percent in default setfile.
Please match the settings of setfile from the picture below just for precaution, All you need to do is adjust " Target percent" as per your balance
rest the settings should be exactly similar as the screen shot below.
