PARAMETER SETUP

NOTE: You have to run your Metatrader 4 simultaneously 24 hours/day  to get the best results. It means you have also run your computer 24 hours/day. Otherwise you can rent a VPS (Virtual Private Server) and install Metatrader 4 in a VPS. I've noticed that one of the biggest problems with running an EA non-stop is computer crashes and spotty internet connections.

One way to ensure that you do not miss trades (especially over-night or while you are not at your computer) is to host your platform on a Virtual Private Server. You can rent MQL5 VPS  here  

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MAX.BALANCE (%)  - ALL PAIRS

Only work if you set ‘Auto LotSize’ to be True. You can limit percentage of Balance you wish to trade for your account. The calculation result will be your maximum margin. Example: Your balance=$1000 and you want to trade using 7% of your balance. Then EA will trade maximum margin $1000 X 7%= $70 (maximum margin). Applied to your all currency pairs. 

AUTOCLOSE 

It can be turned to be  True/False . If True,EA will automatically search the best price to close position. Setting up a fixed value of take profit and stop loss sometime can miss a good momentum to close a  position. This is the problem. Closing time is more important than opening itself. I created a logical codes inside the EA to calculate the best possibility to close position.  

AUTO LOT SIZE

True/False. 

Every pair has its own calculation : pipvalue,tick value,spread,ticksize,margin requirement and more. Here Lot sizing is necessary. If you select True, EA will do this job.  The calculation is related with Maximum Orders and Balance Percentage. More Maximum Orders value will reduce Lot Size. More Balance Percentage value will increase Lot Size.

Then if your setting provide Lot size less than Minimum Lot size or more than Maximum Lot Size allowed by your broker,you will get alert.

Auto Lot Sizing will be significantly save your time and fully automate your trading. If your balance decrease you don’t need to change lot size manually on one by one pair. Else,if your Balance increase you don’t need to increase lot size manually. It will do this job with auto calculation. You may only need to ensure your VPS run properly without any error occur that will affect to your MT4.

In another side,if you select false, Ea will use lotsize appear on the setting. And Total Lots will be max.orders x Lot Size. So be careful to define max.orders if you select Auto Lotsize: False. See the calculation on the chart.

MAXIMUM ORDERS ( MAX.ORDERS)

This is the limit of maximum orders in your trading account.Not in a single pair. If you want to limit maximum order in the single pair, use Max.Orders Buy or Max.Orders Sell instead.

MAX.ORDER VS MAX.BALANCE (%)

Both of them will affect to your trading lot size. More Max.Orders will decrease your lot size and More Max.Balance(%) will increase your lot size.Else Vice versa.

If the calculation result is less than Min.Lot size ,you will get alert,simply change the value of them or one of them.

Also,If the calculation result is more than Max.Lot size ,you will get alert. Do the same as above.

See Min/Max. Lot in the Account Details comments on the chart.

UP TO 10 DIFFERENT SIGNALS SETUP

There are 10 different signals setup. Every signal has its own logical work and you can turn it on/off if you think not profitable for your account,simply turn it off. Right click on your chart – Expert Advisors > Properties> Input >Find the signal and select False.

I believe that the different account and broker will be the different results because of the different rules of trading,such as spread,leverage,contract size,etc. So you can select independently by your own decision which signals are the best for your account. If you see all provide good results,simply let them on as default.

You can also see performance on each pair,if you think certain pair not provide good results you can close it and or change with another one.

SHOWING OR REMOVE COMMENTS ON THE CHART

You won’t see some comments on your chart? no problem,you can remove them from your chart. You may want to attach your indicators into your chart and you can see clearly without being interrupted by the appearance of  EA comments. Right click on your chart – Expert Advisors > Properties >Input > Show Comments : False. Otherwise,select TRUE to show the comments on the chart. You can also change the text color. This will usefull if you are using a different color theme on your chart.

TAKE PROFIT,STOPLOSS,TRAILING AND ALERT

Define the value of Take Profit ,Stop loss, and  Trailing more than 0(zero) to turn them on. If take profit or StopLoss  or Trailing  has value  more than 0 (zero) while AutoClose is True then they will work together. Which one is the first will close the trade. Alert is including sound alert, popup alert, mobile alert and email alert.

ORDER MANUALLY

I don’t recommended for trader to open order manually while the EA runs on the chart. Ea will not read and manage the order/s.  It will only calculate AutoClose, AutoLotsize, Max.Orders and Max.Balance  that come from the EA itself. The Orders outside there will be ignored. You can do that if you know your own risk.