All Blogs / Analytics & Forecasts

FAQ and Input Details

3 December 2024, 10:02

131

When backtesting on MT4, you can only test one symbol at a time. To do this, remove all other symbols from the inputs and use "every tick" mode.
On the other hand, MT5 allows simultaneous testing of multiple symbols and provides superior results.

How to Run the EA on the Chart

The EA only needs to be placed on a single chart, regardless of symbol or timeframe, as it identifies the correct ones for trading on its own.
For trading additional symbols, simply update the inputs and enter the base symbol name without any suffixes or prefixes.

To effectively set up and run the EA on your chart, follow the complete guide in the blog below:

https://www.mql5.com/en/blogs/post/751359

How Can I Join the MQL5 Channel?

You can join the MQL5 channel by accessing the following link:

Join MQL5 Channel Here

How to Update the EA When Updates Are Available

To ensure you are always using the latest version of the EA, follow the step-by-step instructions provided in the blog below:

https://www.mql5.com/en/blogs/post/756832

What Is the Best Setfile?

The default setfile is the most reliable option for most users. However, you may optimize it or customize it to suit your broker's conditions. If additional setfiles are available, they will be shared in our official channels.

Inputs Details

Below are the details of the available inputs for configuring the EA:

Pairs: Defines the trading pair that the EA will execute trades on.
Symbol Suffix Recognition: Enables automatic detection of symbol suffixes and prefixes, helping recognize broker-specific variations.
Magic Number: A unique identifier for trades opened by this EA, ensuring it only manages its own trades.
EA Comment: A custom comment that can be added to orders for easier identification in the trade history.
Lot Management Method: Determines how trade lot sizes are calculated, such as based on balance or a fixed lot size.
Risk Percentage: Defines the percentage of account balance to risk per trade.
Fixed Lot Size: If using a fixed lot method, this value determines the lot size per trade.
Fixed Lot Per Balance Size: Specifies the lot size allocation per a certain balance amount.
Maximum Lot Size: The highest allowable lot size for a single trade to prevent overexposure.
Minimum Lot Size: The smallest lot size the EA is allowed to trade, ensuring compliance with broker limits.
Start Trading Time: Specifies when the EA should begin trading each day in HH:MM format.
End Trading Time: Specifies when the EA should stop trading each day in HH:MM format.
Trailing Stop Enable: Enables or disables the trailing stop function, which locks in profits as the price moves favorably.
Trailing Stop Method: Defines how the trailing stop is applied, such as using ATR-based trailing.
Trailing Start Pips: The number of pips a trade must move in profit before the trailing stop activates.
Trailing Distance Pips: The distance in pips between the current price and the trailing stop.
Trailing Step: Defines the step size for adjusting the trailing stop as the price moves in favor.
ATR Period for Trailing: The period of the ATR (Average True Range) indicator used for trailing stop calculations.
ATR Timeframe for Trailing: Specifies the timeframe used for ATR-based trailing stop adjustments.
ATR Multiplier for Trailing: Determines how much the ATR value is multiplied when calculating the trailing stop distance.