Getting Started
Choose the best settings for your broker. Test all 3 configs and select the best performing one
- If you are on the broker IC Markets then use Config 1.
If you are on Darwinex most likely Config 2 will be best.
If you are on other brokers try Config 3 - Make sure you test all and choose.
Remember the goal isn't to get a perfect back test. It is to have robust settings that work generally. Each config has small changes that can make an impact over a long time.
Risk Settings
Risk has been preset to avoid the ability to blow the account.
Each risk setting will scale for your account balance so you do not need to worry. The balance at the start of the EA being run will be used.
The EA does not compound lots.
Risk can be controlled by selecting one of the following options (Drawdown is approximate only!):
- Very Low Risk - 0.5-2% Max Drawdown
- Low Risk - 2-7% Max Drawdown
- Medium Risk - 3-10% Max Drawdown
- High Risk - 7-15% Max Drawdown
- Very High Risk - 10-25% Max Drawdown
If your account drawdown exceeds the upper values it may be a good idea to stop the EA and change your settings. However, I will most likely notice this myself and tweak the settings accordingly
Data can vary massively between brokers so values are approximate only!
Prop Firm Settings
Revert Edge can be used on prop firms. Before using it on your prop firm the rules must allow the following:
- Holding overnight
- Holding over the weekend
- Holding during news
- Use Risk Medium or Lower!
- To make trades unique, enable the Randomize Entry, SL and TP option and set a min and max pip value.
- Trades will be randomised by adding a value generated between min and max
Symbol Selection
You have two modes Auto and Manual
Auto - This is the best option. This will choose the best symbols for the Config Selected and no manual symbol selection is required.
Manual - This option will trade the symbols you set to 'true'. This allows flexibility to choose the best symbols for your broker
Symbols Traded - Auto
Config 1 = AUDCAD, AUDUSD, EURGBP, EURJPY, EURUSD, NZDCAD, USDJPY
Config 2 = AUDCAD, AUDUSD, EURCAD, EURGBP, EURUSD, GBPAUD, NZDCAD, NZDJPY, USDJPY
Config 3 = AUDCAD, AUDUSD, EURCAD, EURJPY, EURUSD, GBPUSD, NZDCAD, NZDJPY
What is the difference between configs?
Each config is a unique set file. This means that individual parameters for each symbol is unique to the config. Such as trading times, entry criteria etc.
Because of this each config will also trade a different set of pairs which will combine the best symbols for that config.
Why are the trading results different between brokers?
The nature of Forex and CFDs means there is no central exchange which sets the price. Instead each individual broker has the freedom to have unique prices which then creates a different price feed.
This means over time, small differences in the short term can be large differences in the long term.
The result of this is settings that work well on Broker A may not work well on Broker B.
This is why various configs exist to give the user options to hopefully perform well on their brokers data.
I highly recommend testing all configs for your broker and picking one that works the best.
