Installation and Configuration Guide for ONE MAN ARMY EA
Trading Time Frame
The trading timeframe is M15. So set the price chart where you plan to use the ONE MAN ARMY expert advisor to the M15 timeframe.
You can choose any currency pair to install the expert advisor on. I recommend installing ONE MAN ARMY on the EUR/USD currency pair, which has good trading activity and frequent price ticks, which will speed up the trading bot’s initialization.
Suffixes and prefixes in the names of trading assets
IMPORTANT! If your broker displays asset names with suffixes or prefixes, the first thing you must do after installing the expert advisor on the price chart is to specify these additions to the asset name in the expert advisor's manual settings.
For example:
If the name “EURUSD.pro” (with the suffix added) is used instead of the standard asset name “EURUSD,” enter “.pro” in the field for adding the suffix in the manual settings.
If you use “m.EURUSD” (with the prefix added) instead of the standard asset name “EURUSD,” enter “m.” in the field for adding a prefix in the manual settings.
ASSETS FOR TRADING:
The ONE MAN ARMY trading bot uses 2 separate portfolios for trading:
ONE SHOT and DOUBLE SHOT.
Do not use two portfolios on a single trading account at the same time, or you may experience an increase in your trading drawdown!
ONE SHOT is a portfolio that trades a wide range of assets and uses no more than one trade per asset at a time. Each trade is protected by an individual stop-loss order.
DOUBLE SHOT is a portfolio that uses 7 assets for trading. All trades are protected by individual stop-loss orders. A micro-grid of orders is used (a maximum of 3 trades per asset at any given time).
SELECTING A PORTFOLIO AND ASSETS FOR TRADING
ONE SHOT
To select the ONE SHOT portfolio, set all the switches for the currency pairs in that portfolio to "true." This will activate the expert advisor for trading on the specified currency pairs.
In the expert advisor's settings, you can manually enable or disable any currency pair from the list if you feel it is unnecessary or if your broker offers poor trading conditions for that currency pair.
DOUBLE SHOT
To select the DOUBLE SHOT portfolio, set all the switches for the currency pairs in this portfolio to "true." This will activate the expert advisor for trading the specified currency pairs.
In the expert advisor's settings, you can manually enable or disable any currency pair from the list if you feel it is unnecessary or if your broker offers poor trading conditions for that currency pair.
Setting the Trading Risk Level
The ONE MAN ARMY expert advisor can calculate the trading risk for each trade. To use the feature that automatically calculates trade size based on risk, select the appropriate variable in the manual settings. By default, the expert advisor uses a risk level of 2% for each trade. This means that the loss on a single trade will not exceed 1% of your account balance.
You can adjust the risk level yourself at your own discretion.
You can also select the fixed-lot trading feature. To do this, set the variable for selecting the trading lot calculation type and set it to fixed-lot trading mode.
Enter the trading lot size you want to use in the expert advisor settings.
Limiting the Maximum Trading Drawdown
You can set a limit on the maximum trading drawdown for your trading account. To do this, set the maximum trading drawdown limit in the corresponding variable. For example, if you set the value to 10%, the maximum drawdown on your account will never exceed the specified value. However, keep in mind that limiting the maximum drawdown will affect the number of trades executed by the expert advisor.
Limiting trading drawdowns over specific periods
You can also set limits on the ONE MAN ARMY EA’s maximum trading drawdown for specific time periods. You can limit the maximum trading drawdown per day, per week, and per month. This will allow you to use ONE MAN ARMY to trade in accordance with prop firm requirements.
Restrictions on Trading in Correlated Assets
You can restrict ONE MAN ARMY’s trading operations to correlated assets. In other words, you can prevent the trading bot from trading simultaneously on currency pairs that share the same currency in either the numerator or the denominator. For example, you can prevent it from trading on both AUDUSD and AUDCAD at the same time.
To do this, use the appropriate variable to specify the number of correlated assets the expert advisor can trade simultaneously. Keep in mind that this limitation will reduce the number of trades!
