My EA introduction

Input Parameters Guide

Live Signal, Myfxbook

This section defines the trading instruments monitored by the Expert Advisor and provides identifiers used for position management.

• Unique Trade Identifier – Magic number assigned to EA positions for tracking and management.

• Trade String Identifier – Custom comment attached to orders for easy identification.

Position Sizing & Capital Control

Controls how trade volume is calculated and how account risk is managed.

• Risk Management Mode – Choose the method used to determine position size.

• Risk Percentage – Percentage of account balance or equity risked per trade.

• Fixed Lot Size – Position size used when fixed-volume mode is selected.

• Maximum Lot Size – Upper limit for any position opened by the EA.

• Minimum Lot Size – Lower limit for trade volume.

Execution Filters & Trade Limits

Provides safeguards to control trade frequency and market entry conditions.

• Maximum Open Positions – Limits the total number of simultaneous trades.

• Maximum Spread Filter – Prevents entries when spreads exceed the specified threshold.

• Trading Direction – Restricts trading to Buy only, Sell only, or Both directions.

• Signal Cooldown Period – Number of candles to wait before allowing a new entry.

Session Timing & Weekly Filters

Allows trading activity to be restricted to specific times and weekdays.

• Trading Start Time – Beginning of the daily trading window.

• Trading End Time – End of the daily trading window.

• Weekday Filters – Enable or disable trading on individual weekdays.

Stop Loss and Take Profit Controls

Defines how protective stops and profit targets are calculated and managed.

• SL/TP Calculation Method – Select dynamic or fixed stop and target generation.

• Buy TP Multiplier – Adjusts Take Profit distance for Buy positions.

• Sell TP Multiplier – Adjusts Take Profit distance for Sell positions.

• Buy SL Multiplier – Adjusts Stop Loss distance for Buy positions.

• Sell SL Multiplier – Adjusts Stop Loss distance for Sell positions.

• Fixed Take Profit – Static profit target measured in points.

• Fixed Stop Loss – Static stop distance measured in points.

• Additional Stop Buffer – Extra distance added to Stop Loss.

• Additional Target Buffer – Extra distance added to Take Profit.

Account Protection & Risk Shutdown

Built-in risk controls designed to protect trading capital.

• Maximum Drawdown Limit – Stops trading once the specified drawdown level is reached.

• Close Trades at Maximum Drawdown – Automatically exits all positions after a drawdown breach.

• Daily Drawdown Limit – Suspends new trades when daily losses exceed the threshold.

• Daily Loss Emergency Close – Forces all trades to close when the daily loss limit is reached.

Economic News Protection

Prevents trading around scheduled economic announcements.

• High Impact News Filter – Blocks trading during major economic releases.

• Medium Impact News Filter – Blocks trading during medium-impact events.

• Low Impact News Filter – Blocks trading during low-impact events.

• News Buffer Before Event – Number of hours trading is suspended before a news release.

• News Buffer After Event – Number of hours trading remains suspended after a news release.

Position Control & Hedging Options

Additional controls governing trade placement and exposure.

• One Trade Per Symbol – Restricts the EA to a single active trade per instrument.

• Minimum Trade Spacing – Required distance between consecutive trades on the same symbol.

• Hedging Mode – Allows simultaneous Buy and Sell positions on the same instrument.

Dynamic Trailing Configuration

Controls the automatic movement of Stop Loss as trades become profitable.

• Enable Trailing Stop – Activates the trailing stop system.

• Trailing Method – Selects the trailing algorithm used by the EA.

• Remove Take Profit on Trailing Activation – Deletes the TP target once trailing begins.

Classic Step Trailing Parameters

Fixed-step trailing stop configuration.

• Trailing Activation Distance – Profit required before trailing starts.

• Trailing Offset – Distance maintained between market price and Stop Loss.

• Trailing Step Size – Minimum price movement required before Stop Loss is updated.

ATR Volatility Trail Engine

Volatility-based trailing stop using Average True Range calculations.

• ATR Period – Number of candles used for ATR calculation.

• ATR Timeframe – Chart timeframe used for volatility measurements.

• ATR Multiplier – Controls the sensitivity and distance of the trailing stop.

Scaling Out & Partial Close Settings

Allows a portion of a position to be closed while letting the remainder continue running.

• Enable Partial Close on Trailing – Closes part of the trade when trailing begins.

• Partial Close Percentage – Percentage of the position volume to close.

Automatic Break-Even Control

Protects open positions by moving Stop Loss to a risk-free level.

• Enable Break-Even – Activates automatic break-even management.

• Break-Even Trigger Distance – Profit required before Stop Loss is moved.

• Break-Even Buffer – Additional pips locked in beyond the entry price.

Prop Trading Risk Constraints

Specialized controls designed for prop-firm and challenge-account environments.

• Prop Account Adjustment Mode – Applies slight SL/TP randomization to execution.

• Maximum Daily Loss – Daily loss limit measured in account currency.

• Maximum Daily Losing Trades – Number of losing trades allowed per day.

• Loss Recovery Cooldown – Number of candles the EA pauses after reaching the loss threshold.