Trading Systems

Explanation Settings

16 May 2025, 11:44
Raphael Schwietering
Raphael Schwietering
0
42

🛠️ General Settings

  • Backtest: If enabled, speeds up calculations during strategy testing.

  • Use Infopanel: Toggles a live info panel on the chart with trading stats.

  • Order Comment: Custom comment added to each order for identification.

  • Use Hedge: Trading direction:

    • Hedge : Opens buy and sell positions simultaneously.

    • OnlyLong : Long trades only.

    • OnlyShort : Short trades only.

  • Magic Number: Unique ID for trades placed by this EA. Helps prevent interference with other EAs.

💰 Money Management (MM) Settings

  • MM Mode:

    • Fixed : Uses a fixed lot size ( Fix_Lots ).

    • PercentageBalance : Risks a percentage of account balance.

    • PercentageEquity : Risks a percentage of account equity.

    • FixedRiskPerTrade : Risks a fixed amount per trade in currency.

  • Risk Percentage: Risk percentage for balance/equity modes.

  • Fix Lots: Fixed lot size when using "Fixed" MM mode.

  • Fixed Risk Amount: Currency amount to risk per trade when using "FixedRiskPerTrade"

📉 Trailing Stop

  • Is Trailing Stop: Enables dynamic trailing stops.

  • Trailing Start: Distance (in points) before trailing starts.

  • Trailing Step: Step (in points) the stop is adjusted by.

🎯 Target SL and TP

  • Use Target Profit: Enables profit-based trading session control.

  • Target Profit: Closes trades or pauses trading after this profit is reached (in currency).

  • Use Target Loss: Same as above but for losses.

  • Target Stop Loss: Closes trades or pauses trading after this loss is reached (in currency).

  • Start Hour / Minute: Time when trading resumes after hitting a target.

🛡️ Entry Protections

  • Max Spread: Maximum allowed spread (in points). Skips trades above this.

  • Max Open Positions: Limit on the number of simultaneous trades.

  • Max Open Lots: Maximum total lots open at one time.

  • Max Positions per Bar: Limits how many positions can open per candle.

📆 Daily Protections

  • Max Daily Loss: Stops trading for the day if this loss is reached (in currency).

  • Max Daily DD: Maximum daily drawdown allowed (%).

  • Daily Reset: Hour at which daily limits reset.

🏦 Account Protections

  • Min Equity: Stops trading if equity falls below this value.

  • Max Equity DD (%): Maximum equity drawdown percentage.

  • Max Equity: Trading stops if equity exceeds this threshold.

⏰ Session Times

  • Session Open/Close (per day): Defines allowed trading times per day, in seconds since 00:00.

    • E.g., 3600 = 1:00 AM, 82800 = 11:00 PM

  • Close Trades at Session Close: Automatically closes trades at session end.

  • Close Trades at Friday Close: Automatically closes trades at Friday session end.



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