How to Run EA on Chart
For full instructions on deploying the EA to a chart, please visit detailed blog post:
Running EA on Chart , Updating EA
You can attach the EA to any chart; one is enough as it will automatically manage trades on the appropriate symbol and timeframe.
If you’d like to include other symbols, adjust them in the input settings without appending any suffix or prefix.
The default setfile is generally the best option, but you can optimize it or find a setfile better suited to your broker. Additional setfiles will be available in our channels.
There is no minimum deposit required; however, it's recommended to use a risk of 1% per trade, depending on your preference.
The link to join our MQL5 channel :https://www.mql5.com/en/channels/forexmrsc
If you wish to join our Telegram channel, please ask me in private through MQL5 chat, and I will send you the link.
MT4's backtesting capabilities are restricted; it can only handle one symbol at a time. To backtest,
clear all symbols from the input except one and use the "every tick" setting. MT5, however, supports multi-symbol testing, offering precise and reliable outcomes.
Inputs Details
Here are the detailed descriptions for each input:
- Manage General Settings
- Trading Symbol List: Specifies the symbols the EA will trade.
- Main Magic Number Setup: A unique identifier for trades placed by the EA to differentiate them from manually placed trades or those from other EAs.
- EA Order Commentary: Allows the user to add a custom comment to orders, which can help in tracking and identifying trades in the order history.
- Manage Risk Settings
- Set Method for Lot Calculation: Determines how the lot size is calculated, such as based on account balance or a fixed lot size.
- Risk Percentage for Each Trade Setup: Defines the percentage of the account balance that will be risked per trade.
- Choose Fixed Lot Size: Specifies a fixed lot size to be used when the fixed lot calculation method is selected.
- Lot Size Based on Balance: Sets the balance threshold for adjusting the lot size dynamically. For example, a value of 500 means the lot size will increase based on every 500 units of balance.
- Manage Risk Settings (Additional)
- Enable One Trade Per Symbol: If enabled, the EA will ensure that only one trade per symbol is active at any given time.
- Minimum Distance Between Trades of the Same Pair: Specifies the minimum price difference required before a new trade can be opened on the same symbol, preventing over-trading.
- Manage Prop Firms Settings
- Maximum Daily Losing Trades Allowed: Limits the number of losing trades per day to prevent excessive drawdowns. Once the limit is reached, trading stops for the day.
- Pause Trading After a Loss: Specifies the number of bars to pause trading after a losing trade, allowing the EA to recover before placing new trades.
- Zoom factor: it helps to make the dashboard bigger or smaller.
