Here is the complete description of the input settings for the trading robot "CryptoEdge Scalper", categorized for ease of understanding and configuration:
Live signal: myfxbook.com/members/Sahil_Mukhtar/cryptoedge-scalper/11641365
CryptoEdge Scalper MT5: https://www.mql5.com/en/market/product/145970
General Settings
- Main Magic Number: 12345
A unique identifier for trades opened by this EA, ensuring no conflicts with other trading systems. - EA Commentary: "CryptoEdge Scalper"
Custom label or comment attached to each trade for easy identification.
Takeprofit and Stoploss Settings
- SL & TP Method: dynamic
Defines whether stop-loss and take-profit levels are fixed or dynamic based on indicators. - Fixed Stoploss (Points): 250
Sets a fixed stop-loss in points. - Fixed Takeprofit (Points): 250
Sets a fixed take-profit in points. - Auto Stoploss Ratio (ATR): 1
Multiplies ATR values to calculate dynamic stop-loss (-1 disables). - Auto Takeprofit Ratio (ATR): 1
Multiplies ATR values to calculate dynamic take-profit (-1 disables). - Extra Stoploss (Pips): 0
Adds extra pips to the calculated stop-loss. - Extra Takeprofit (Pips): 0
Adds extra pips to the calculated take-profit. - Limit Maximum SL: false
Disables limiting the stop-loss to a maximum value. - Maximum SL (Pips): 30
Caps the stop-loss to this value when enabled. - Adjust Lot Based on Maximum SL: false
Prevents automatic lot adjustment when maximum SL is active.
Risk Settings
- Lot Calculation Method: baseonbalance
Determines how lot sizes are calculated (e.g., balance, fixed lot, etc.). - Risk Per Trade (%): 2.0
Specifies the percentage of the account balance at risk per trade. - Fixed Lot Size: 0.1
Assigns a static lot size for trades. - Lot per Balance Size: 1000
Uses a fixed lot size relative to account balance increments. - Currency Amount Value: 10
Sets a fixed lot size based on a specific currency amount. - Maximum Lot Size: 60
Caps the maximum allowable lot size. - Minimum Lot Size: 0.01
Sets the minimum allowable lot size. - Decrease Lot After Loss (%): 0
Reduces lot size by this percentage after a losing trade to minimize risk.
Signal Settings
- Max Number of Trades: 99
Limits the number of simultaneous open trades. Disabled when martingale is active. - Maximum Spread Allowed (Points): 500
Prevents trades when spreads exceed this value. - Trade Direction: buy - sell or both
Allows trades in both long and short directions.
Same Order Settings
- Single Trade Per Symbol: true
Restricts the EA to one open trade per currency pair at a time. - Minimum Distance Between Trades (Points): 100
Sets a minimum gap between trades on the same pair. - Allow Hedging: false
Prevents simultaneous long and short positions.
Trading Hour Settings
-
Start Time: "00:02"
Trading session start time. -
End Time: "23:59"
Trading session end time. -
Trading Days:
- Monday: true
- Tuesday: true
- Wednesday: true
- Thursday: true
- Friday: true
Proprietary Firms Options
- FTMO Randomizer: false
Adds random offsets to TP and SL values for proprietary firm accounts. - Max Daily Loss (Currency): 500
Prevents new trades if daily losses exceed this value. - Max Daily Losing Trades: 10
Stops trading after exceeding this number of losing trades in a day. - Pause After Loss (Bars): 0
Halts trading for a specified number of bars after a losing trade.
Closing Based on Drawdown
- Max Drawdown Allowed (%): 60
Stops opening new trades when drawdown exceeds this percentage. - Close Trades on Max Drawdown: false
Closes all open trades when the drawdown threshold is hit.
Closing Based on Daily Target
- Daily Profit Target (%): 0
Halts new trade entries upon reaching this daily profit percentage. - Close All Trades on Target Hit: false
Closes all trades upon hitting the daily profit goal.
Closing Based on Time
- Close on Friday at Hour: -1
Specifies the hour to close all trades before the weekend (-1 disables this feature).
Trailing Stop Settings
- Enable Trailing Stop: false
Activates the trailing stop functionality. - Trailing Method: trbyfixed_distance
Determines the type of trailing stop (fixed distance, ATR, etc.). - Remove TP After Trailing Starts: false
Deletes the take-profit level once the trailing stop is active.
Closing Part of Order Settings
- Close Part of Order and Trail Rest: false
Partially closes a trade and trails the remaining lot. - Percentage to Close: 50
Specifies the portion of the trade to close when trailing begins.
Fixed Pip Trail Settings
- Trailing Start (Pips): 10
Begins trailing after this profit level is reached. - Trailing Distance (Pips): 7
Maintains this distance between price and the stop-loss. - Trailing Step (Pips): 1
Adjusts the stop-loss in steps of this value.
ATR-Based Trail Settings
- ATR Period: 14
Number of periods for ATR calculation. - ATR Timeframe: Current
Timeframe used for ATR values. - ATR Multiplier: 1.5
Determines the trailing stop distance based on ATR values.
Breakeven Settings
- Enable Breakeven: false
Turns on breakeven functionality. - Breakeven Start Distance (Pips): 100
Initiates breakeven at this profit level. - Breakeven Extra Pips: 0
Adds extra pips to breakeven levels.
Martingale Main Settings
- Enable Martingale: false
Activates the martingale strategy for position sizing. - Martingale Start Method: atr based or fix point
Sets the distance calculation method for martingale entries. - Takeprofit Method: average
Method for calculating take-profit across all martingale trades. - TP Distance Percentage: 70
Percentage of distance between new and last orders for TP calculation.
Important links of the EA?
Support channel : https://www.mql5.com/en/channels/goldenberry
Dollar Pilot MT5 : https://www.mql5.com/en/market/product/144230
