Settings Explanations:
-
Lot size method: Choose your preferred lot size method. All options are available.
-
Risk percent: The percentage of account balance to risk per trade. This option is only used when the lot size method is set to Risk percent.
-
Fixed lotsize: The exact lot size that will be opened on every trade. This option is only used when the lot size method is set to Fixed lotsize.
-
Prop firm max daily drawdown percent%: The maximum daily drawdown limit in percent that the EA will use to calculate safe lot sizes. This option is only used when the lot size method is set to Prop firms.
-
Dollar amount per 0.01 lot for dynamic lotsize: Defines how much money each 0.01 lot represents in order to automatically scale lot sizes. This option is only used when the lot size method is set to Dynamic lotsize.
-
Dollar amount per 0.01 lot for dynamic lotsize: Defines how much money each 0.01 lot represents in order to automatically scale lot sizes. This option is only used when the lot size method is set to Dynamic lotsize.
-
Max allowed DD%: The maximum drawdown (as a percentage of account equity) that the EA will allow. If this level is reached, the EA will immediately close all open trades and stop trading to protect the account from further losses. This acts as a built-in safety net to prevent large drawdowns.
-
Trailing stop loss value: The distance in points that the stop loss will trail behind the current price.
-
Trailing step: Defines the step size for trailing. For example, if the Trailing stop loss = 100 points and Trailing step = 50 points, once the price moves 100 points in profit, the stop loss will be placed 50 points behind the price. As the price continues to move further, the stop loss will automatically move in steps of 50 points behind it.
-
Magic number: A unique number that identifies the EA’s trades, making sure they don’t interfere with trades from other EAs or manual trading.
-
Allow buy orders: Enable or disable buy orders.
-
Allow sell orders: Enable or disable sell orders.
-
Spread filter: The maximum allowed spread (in points) for opening a new trade. If the spread is higher, no trades will be taken.
-
EA name: EA name or trade comment.
-
Disable low impact news: If true, the EA will pause trading before low-impact news.
-
Disable mid impact news: If true, the EA will pause trading before mid-impact news.
-
Disable high impact news: If true, the EA will pause trading before high-impact news.
-
Time before news in mins: Number of minutes to pause trading before a news event.
-
Time after news in mins: Number of minutes to pause trading after a news event.
