Autobot Retracement Code Money Management.

It will rarely open orders in the single pair due to look for its best signals.By installing on several pairs will increase the opportunities of getting orders simultaneously also increasing the opportunities of return of Investment in the same period of time.There is no different the work of the EA for each pair . You may only need some little change the value of Closeinprofits(pips) and CloseTotalProfits(pips) because of the different price range of certain pair.

This is what I do:

Closeinprofits(pips) = 20 and CloseTotalProfits(pips)=35 is for currency GBP such as GBPJPY,GBPAUD,GBPCAD,etc.

And let it by default for the other currency pairs.( Please also read the recommendation of  currency pairs in the description of the product )

Then lot size is depended on your current available balance. It is a good idea to do not use more than 20% of your balance.

1. Leverage 1:500 or lower

2. Minimum balance =$500,If your capital less than $500 you can open micro account. If your capital $100,your balance will be $10.000

3. Starter Order Lot = (Balance/contract size) x 2. You can ask to your broker related with this contract size.

Example: 

Your Balance = $1000

Broker contract size/Lot = 100.000 

Starter Order Lot = (Your Balance/100.000) x 2

= (1000/100.000) x 2 

= 0.02 

If your balance  ≥ $1000 and  ≤  $2000,your Starter Order Lot=0.02

If your balance  ≥ $2000 and  ≤  $3000,your Starter Order Lot=0.04

If your balance  ≥ $3000 and  ≤  $4000,your Starter Order Lot=0.06

… and so on

You can increase lot size as long as you understand the risk-reward of your decision.Lower lot size will be lower risk.Maximum lot size for balance $1000= 0.1 (high risk).

MANUAL MODE

EA will only work  if you make order manually.It won’t work till you make new order.Then EA will manage the rest after your manual order.Simply,this is YOU AND ROBOT.

1. Install your MT4 on a VPS so that your MT4 can be online fulltime then you can trade on your local computer with the same trading account.
2. In your VPS ,Attach the EA on your chart and select MANUAL mode.You can adjust the different parameters or left it by default.
3. Recommended Timeframe M15.
4. Still in your VPS,ensure that EA has been actived.Turn on “Auto Trading” button on the top of your MT4 platform.
5. Once you get a signal you can make order manually on your local computer with the same trading account. And the EA will manage the rest. Please note that EA will only manage 1 BUY order  and or  1 SELL order for every pair at the same time.If you make more than 1 BUY order and or  1 SELL order at the same time,in the same pair then EA will manage the latest order first,if the latest order is done (all closed) then it continue to the new latest order and so on. 
6. Take profit and Stoploss can be define in 2 ways: First,by drawing it manually on your chart or second,type the value of Close in Profit and Close in Loss in the EA setting. Important: If you choose the second way you have to select “ TRUE” for CloseinLoss and CloseinProfit.
7. You can use Manual Mode for any forex currency pairs.This is slightly different with AUTO mode because you can make orders on multiple pair at the same time..The results will very depend on your skill.Money management required.
8. EA will manage your trades as well as an automatic mode.The different is that you need to place order starter manually and  define lot size by your own self . Money management required.
9. On Manual Mode,EA can manage your order such as: Close in Profit and Close in Loss  (you should set Hide Closeinprofit and Closeinloss to be TRUE ), Close All Total profits ,Martingale,Trailing and Money management.
10. You can decide to choose Martingale to be TRUE/FALSE.If you set Martingale to be TRUE,it will manage Martingale order based on your order.When your order is in loss then ea will make new orders with the same direction.Please pay attention to your Lot factor because it will affect your trading risk.
11. The pros is that you can use your own favorite trading indicators/system to get the best signal and make new order.Then EA will manage the rest.The Cons is that you need to make orders manually.

HOW TO TRADE WITH MANUAL MODE

Autobot Retracement Code

Below is my trading statistic of live account on the latest month of march,2019:

FILE SET for balance 1000 , Leverage 1:500 , contract size: 100000:

MINOR.SET ---> AUDUSD,USDCHF,AUDCAD,USDJPY,AUDJPY,CHFJPY,USDCAD,CADJPY

EUR.SET ---> EURUSD,EURCAD,EURGBP,EURJPY,EURCHF,EURAUD

GBP.SET ----> GBPCAD,GBPUSD,GBPAUD,GBPCHF,GBPJPY

Note:

- Make a different MagicNumber for each currency pair

- Decrease lot size 0.01 for balance less than 1000. Min. Balance required = $500

- You can play save with lot size 0.01 for balance 1000. Lower lot size will get more orders because the order is limited by margin level.