GU Spot

Parameters

Highly Recommended to use the default EA parameters. However, these are the external inputs details in case you want to change them if necessary. Below are the descriptions:

1. Trade Size Calculation. This is an option to choose how the EA calculate Lot Size. There are 2 choices: Risk Balance Percentage (%) and Fixed Lot Size.
2. Risk Balance Percentage (%). If Trade Size Calculation is Risk Balance Percentage, then fill in the column with the risk value here. Recommended maximum value 5.
3. Fixed Lot Size. If Trade Size Calculation is Fixed Lot Size, then fill in the column with Lot Size value here.
4. Use Multi Orders if lots maximum is reached. If Lots Calculation result is more than maximum lots allowed by broker, then EA will divide to become some orders and sending them relatively at the same time and price depending on the server latency. Example: EA will place order 360 lots, but broker only allows maximum of 100 lots/position, then EA will send 4 orders with lots: 100,100,100 and 60. Otherwise, select false if you do not want to use this feature and EA will send an order with a lot size of 100 as that is the maximum allowed value.
5. Use StopLoss. The option true/false to use StopLoss. Highly recommended to keep it to be true, unless you have a personal plan with the EA. 
6. Hidden StopLoss. If true, then the EA will create a virtual StopLoss.
7. StopLoss Method. This is the unit value of StopLoss. There are 2 options: ATR or PIPS.
8. StopLoss ATR period. Define the ATR period here if StopLoss Method is ATR. Default value is 24.
9. StopLoss ATR Multiplier. Define the ATR Multiplier here if StopLoss Method is ATR. Default value is 3. 
10. StopLoss PIPS. Define the value of PIPS here if StopLoss Method is PIPS.
11. Use TakeProfit. The option true/false to use TakeProfit. 
12. Hidden TakeProfit. If true, then the EA will create a virtual TakeProfit.
13. TakeProfit Method. This is the unit value of TakeProfit. There are 2 options: ATR or PIPS.
14. TakeProfit ATR period.  Define the ATR period here if TakeProfit Method is ATR. Default value is 24.
15. TakeProfit ATR Multiplier.  Define the ATR Multiplier here if TakeProfit Method is ATR. Default value is 6.
16. TakeProfit PIPS.  Define the value of PIPS here if TakeProfit Method is PIPS.
17. Use Breakeven.  The option true/false to use Breakeven. 
18. Breakeven Method.  This is the unit value of Breakeven. There are 2 options: ATR or PIPS
19. Breakeven ATR period.  Define the ATR period here if Breakeven Method is ATR. Default value is 24.
20. Breakeven Start (ATR). ATR Multiplier value to start Breakeven if Breakeven Method is ATR.
21. Breakeven Profit (ATR). The profit value in ATR to place Breakeven Stoploss if Breakeven Method is ATR.
22. Breakeven Start (Pips). PIPS value to start Breakeven if Breakeven Method is PIPS.
23. Breakeven Profit (Pips). The profit value in PIPS to place Breakeven Stoploss if Breakeven Method is PIPS.
24. Allow New Trade if Breakeven. This is an option to allow the EA to open a new trade if the previous trade was already at breakeven and profit.
25. Minimum Margin Level %. The EA will stop new trade if current margin level less or equal to the value of this input. This is useful in case Allow New Trade if Breakeven = true.
26. Use Trailing. Option true/false to use Trailing Stop.
27. Trailing Method. This is the unit value of Trailing Stop. There are 2 options: ATR or PIPS.
28. Trailing ATR period. Define the ATR period here if Trailing Method is ATR.
29. Trailing Start (ATR). ATR Multiplier value to start trailing.
30. Trailing Step (ATR). ATR Multiplier value of Trailing step after started. If the distance between current price and current trailing stop more than trailing value + trailing step, then Trailing stop will move to the trailing value distance.
31. Trailing Value (ATR). ATR Multiplier value of the distance between current price and current trailing stop.
32. Trailing Start (Pips). PIPS value to start trailing.
33. Trailing Step (Pips). PIPS value of trailing step after started.  If the distance between current price and current trailing stop more than trailing value + trailing step, then Trailing stop will move to the trailing value distance.
34. Trailing Value (Pips). PIPS value of the distance between current price and current Trailing Stop.
35. Order Comment. The optional input to create order comment. You can fill this field with any string value or leave it at default.
36. Magic Number. a unique number for order ID. It can be any numeric value.
37. Slippage. The difference between the expected price of a trade and the price at which the trade is executed. 
38. Alerts. The feature available to send notifications. Including Pop Up on the chart, Mobile Alerts and Email Alerts. Turn it to be true to activate.

Strategy Tester

You can download a demo version to run it on Strategy Tester before deciding to buy the paid version. The EA analyzes data on Timeframe M5, M15, M30, H1 and H4. So please make sure that you have proper historical data on those Timeframes before running the tester. Recommended Tester Setting: 

1. Symbol: GBPUSD
2. Period: M5
3. Spread: Current. If market closed, spread 10.
4. Model: Every tick (the most precise method ...)
5. Visual Mode: Un-check list.

1. Rent a VPS to install the EA or the other way, a computer that can be online real time 24 hours a day, 5 days a week to avoid missing trade signals.
2. Not recommended to install the other EA's on the same account or place orders manually, GU-Spot will not trade if there is an active trade. Except you have your own personal plan.
3. To make it safer for your real account, you can decrease the risk percentage from default 5 % to maximum 2 %. After the period of time, if you think GU Spot has a good performance for your broker then step by step, you can increase the risk percentage until maximum 5%.