EAs Manual: Setup and Customization

EA Input Descriptions

• Specify Trading Symbols: A list of currency pairs the EA will monitor and trade. You can customize this based on your preferences.
• Auto Symbol Suffix Detection: Automatically adjusts to any suffix or prefix your broker uses for symbols (e.g., "EURUSD.m").
• Define Main Magic Number: A unique identifier for this EA’s trades, so it doesn’t interfere with others running on the same account.
• Specify Order Comment: Add a custom comment to each order for better tracking or logging.
• Set Lot Calculation Method: Choose whether the EA uses fixed lot sizes or calculates based on account risk.
• Set Risk Percentage for Each Trade: If using dynamic lot sizing, this defines the percentage of your balance to risk on each trade.
• Set Fixed Lot Size: When using fixed lot mode, this is the size of every trade placed.
• Toggle Opening Only One Order per Symbol: Restrict the EA to only one open trade per currency pair at a time.
• Set Minimum Distance Between Trades: Defines how far apart trades need to be (in points) before the EA opens a new one on the same symbol.
• Weekly Trading Hours: Set the specific hours and minutes you want trading enabled or disabled for each weekday.
• Activate High Impact News Filter: Prevents trading during major economic events.
• Activate Medium Impact News Filter: Prevents trading during medium-impact news releases.
• Activate Low Impact News Filter: Blocks trades around less significant news events.
• Define Hours Before News to Avoid Trading: Tells the EA to stop trading a set number of hours before a news event.
• Define Hours After News to Avoid Trading: Tells the EA to avoid trading for a set time after a news event occurs.

• How to enable news filter in MT4/MT5

  Go to MT4/MT5 and click tools>Options (or press ctrl+o) to open options of your MT4/MT5 terminal

  Go to the "Expert Advisors" tab.

  Tick the checkbox for "Allow WebRequest for listed URL".

  Add this URL https://nfs.faireconomy.media and click OK.

  
  
• Enable Martingale Feature: Turns on the martingale strategy, which increases lot size after losses for recovery.
• Define Method for Martingale Distances: Choose how the EA calculates spacing between martingale trades (e.g., using ATR or fixed points).
• Define TP Method for Martingale Orders: Decide whether to use an average take profit across trades or another method.
• Define TP % Between Martingale Orders: Sets how much of the distance between trades must be covered before taking profit.
• Define Fixed Points Distance for Martingale: If using fixed distance spacing, this sets the number of points between trades.
• Define Moving Average Period for Martingale: Sets how many bars are used to calculate the moving average distance.
• Define MA Method for Martingale: Choose the type of moving average used (SMA, EMA, etc.).
• Define MA Timeframe for Martingale: Sets the chart timeframe the EA uses for calculating the moving average.
• Define ATR Period for Martingale: Sets how many bars are used to calculate the Average True Range (ATR).
• Define Multiplier of ATR for Martingale: Determines how much to multiply the ATR value to set trade spacing.
• Define Timeframe for ATR Martingale: Timeframe used to calculate ATR for martingale logic.
• Define BB Period for Multiplier Pip: Number of bars for Bollinger Band calculations used in spacing.
• Define BB Deviations for Multiplier Pip: Sets how wide the Bollinger Bands are, affecting trade spacing.
• Define BB Timeframe for Martingale: Chart timeframe used for Bollinger Band-based calculations.
• Enable Smart Recover % for Martingale: Activates intelligent recovery scaling to reduce risk exposure.
• Define Recover % for Martingale: The percent recovery target used when smart recover is enabled.
• Define Max % of Initial Lot of Martingale: Caps how large martingale trades can grow in relation to the first trade.
• Enable Martingale Continuation on Signal: Allows new martingale entries only when a trading signal confirms it.
• Define Timeframe for RSI Martingale Signal: Sets the RSI timeframe used for deciding if a martingale continuation is allowed.
• Define RSI Period for Martingale Signal: Number of bars used to calculate RSI for signal confirmation.
• Define RSI Low Value for Martingale Signal: RSI threshold below which the EA considers a buy signal.
• Define RSI High Value for Martingale Signal: RSI threshold above which the EA considers a sell signal.
• Enable Reverse RSI for Martingale Signal: Inverts RSI logic (e.g., treat high RSI as a buy signal instead of sell).
• Define Profit Type for Martingale: Chooses how profits are measured or evaluated for martingale trades.
• Define Total Profit (USD) for Martingale: A cash-based target for closing martingale series.
• Define Total Profit % of Balance: A percentage-based profit target to exit martingale positions.
• Define Maximum Drawdown Limit: Prevents the EA from opening new trades once this drawdown level is reached.
• Apply Close on Max Drawdown: Automatically closes all trades if the maximum drawdown is hit.