Jingga EA
- Experts
- Version: 1.0
- Activations: 5
- Maximum allowed spread: maximum spread for pending orders to be allowed
- SetSL_TP_After_Entry -> enable only if your broker doesn't allow pending orders with SL and TP
- Use Virtual Expiration -> enable only if your broker doesn't allow pending order with expiration date
- Randomization -> this will randomize the entries, exits and TrailingSL values a bit, so that multiple users on the same broker, will have a bit different trades. Also good for prop firms. Good value is "50"
- BaseMagicNumber -> the base magicnumber that will be used for all strategies
- Comment for trades -> the comment to be used for the trades
- Lotsize Calculation Method -> here you determine how the lotsize should be calculated: Fixed lotsize (Use StartLots), Using Max Risk Per Trade, or using LotsizeStep
- Startlots -> set the value for fixed lotsize, when that option is chosen. This parameter will be used as "minimum lotsize" when using any of the other 2 options for lotsize calculation
- LotsizeStep -> binds the lotsize to the balance or equity. So LotsizeStep=1000 would mean: 0.01lots per 1000 balance. so a balance of 3000 would run at 0.03lots
- Max Risk Per Trade -> The maximum loss (in %) when a SL is hit. So value "2" would mean maximum 2% loss if a full SL is hit
- Set Max Daily Drawdown -> Here you can set a maximum allowed daily drawdown (in %). If it is reached, the EA would close all trades and pending orders, and wait for the next day. This is usefull for prop firms
- Use Equity instead of Balance -> use Equity of the account to calculate all lotsize values
- OnlyUp -> this will prevent lotsize to decrease after losses (more aggressive but faster recovery after losses)
- Check for free margin before setting trades -> Use when the EA has problems setting trades on your broker because of low margin, while there is sufficient margin
