The EA is simple and convenient to use.
This EA is based on trend following and also martingale concept.
guide for parameters and optimization to find a chart with best adjustment:
- volatility: this parameter is volatility of market that should be found by optimize operation, best range for optimizing is between 2 to 10 by step 0.5. it's recommend to sett other parameter on default set and then optimize this parameter. best set is usually the best profit factor.
- money mange pitch: this parameter is used in money manager function, so bigger set means big incoming and also big draw-down, best range for optimizing is between 0.005~0.05 by step 0.0025. after setting volatility this should be found, it's recommended to set value for maximum draw-down 5 percent.
- Reward ratio : this parameter is ratio of take-profit to loss-stop, it's recommended to set 3.
- draw-down permission: if the draw-down percentage reaches to the value of this parameter then the EA will be removed from the chart.
- to find the best time frame: do optimize on volatility parameter on different time frames, so the best volatility is for best time frame , it's recommended to check 15min, 30min and 1hr time frame.
- for back test checking between two to four moths ago is proper.
- optimizing every week is necessary.
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