User manual for Profit Trend V-EA software

1. Installation and commissioning

1.1. The Profit Trend V-EA.ex4 file should be installed in the MQL4 \ Experts directory, which can be found by selecting the "Open Data Folder" option in the "File" menu of the Meta Trader 4 platform.

1.2. The software uses the following indicators:

- Ichimoku

- Custom Moving Averages

- Stochastic Oscillator

The above indicators should be installed by default in the MQL4 \ Indicators directory.

The software runs the indicators itself and reads them in the computer's memory. Placing indicators on the chart by the user is not necessary, but it will be helpful in observing the signals interpreted by the algorithm.

1.3. To run the software, drag it to the graph of the selected instrument from the "Navigator" menu of the Meta Trader 4 platform.

1.4. The chart on which the software has been launched informs the algorithm about the instrument and the interval at which the analysis should be performed.

2. General settings.

2.1. Unique app Id (+200) - Algorithms on the Meta Trader platform identify their own positions by means of a number saved when sending the order, this number is also sometimes called the magic number.

Each copy of the software running on the platform should have the "Unique app Id" parameter different by at least 200 from any other number used by the algorithms already operating on the platform (also from other manufacturers). For example, when one copy of the software works on the EURUSD pair and the M5 interval with the parameter "Unique app Id" equal to 700, the next copy, e.g. running on the H1 interval, should have this number set to e.g. 900.

3. Position settings.

3.1. Direction - This parameter allows you to specify which orders the algorithm can send.

3.2. Start time & Stop time - Parameters allow you to specify the hours at which signals should be searched for by the algorithm. The parameter has no effect on already open positions, which are monitored all the time when the algorithm is enabled.

3.3. Position - Volume - This parameter allows you to specify the initial size of the position in flights.

3.4. Position - SL - Points - This parameter allows you to specify the distance of stop loss level in points. A value of zero deactivates the function.

3.5. Position - TP 1 - Points

Position - TP 1 - Percent - Parameter pairs marked with the same numbers allow you to configure the function of partial closing of positions at the indicated levels.

The algorithm allows you to close positions in up to three parts. When only one parameter pair is configured and the other pairs are zero, the algorithm will close the position completely at the indicated level. When two parameter pairs are configured, the algorithm will close the position in two parts and analogously, to close the position in three parts, enter values greater than zero for all parameter pairs.

The "Position - TP # - Points" parameter defines how close the position should be in points from the opening price, while the size of the position that should be closed is defined as a percentage in the "Position - TP # - Percent" parameter.

The sum of the "Position - TP # - Percent" parameters for activated levels should always be equal to 100. For example, if you want the algorithm to close the entire position the first time, you should only configure a pair of parameters labeled "Position - TP 1" and enter for the "Position - TP 1 - Percent ”value 100. However, to configure the closing of the position so that it is divided into three stages, you must configure all parameter pairs remembering that the sum of the parameters 'Position - TP 1 - Percent', 'Position - TP 2 - Percent' and "Position - TP 3 - Percent" gave the value 100.

In order for the partial closing function to work properly, the entire invoice history should be visible in the terminal. If the invoice history is not visible, the algorithm will not have access to the information needed to make the necessary calculations.

The entire account history can be viewed by selecting the "Account history" tab of the terminal, and then selecting the "All history" option from the context menu in the displayed window.

3.6. Position - Scale up - activating the parameter will turn on the function that adds subsequent positions when the previous position is profitable and one of the following two conditions is met:

3.6.1. Position - Scale up - Bars - a new position will be added when, after opening the previous position, the number of candles specified by the parameter appears in the appropriate direction. If a spark occurs in the opposite direction, the position will be opened.

3.6.2. Position - Scale up - Points - a new position will be added when the market moves a certain number of points away from the opening price of the previous position.

3.6.3. Position - Scale up - Positions max. - the parameter defines the maximum number of simultaneously open positions in a given direction.

Positions added as part of the "Position - Scale up" function will be handled by the algorithm in the same way as positions that were opened after the mean intersection signal. They have the same functions as e.g. partial TP and Grid.

3.7. Position - Opposite close - This function closes a lossy order basket when two opposite orders reach a total profit.

3.7.1. Position - Opposite close - Profit - Points - The minimum profit in points achieved on two order baskets required to close a lossy order basket.

3.7.2. Position - Opposite close - Profit protected - Points - Profit in points that will be secured on the profitable order basket after closing the lossy basket.

3.7.3. Position - Opposite close - Loss duration - The minimum time in minutes that must elapse from opening the first position in a lossy basket in order for it to close.

3.7.4. Position - Opposite close - Trailing stop - This parameter activates the trailing stop function on a profitable order basket after closing the lossy basket.

3.7.4.1. Position - Opposite close - Trailing stop - Stop - Points - The parameter defines the distance in points for the stop loss level determined by the Position - Opposite close - Trailing stop function.

3.7.4.2. Position - Opposite close - Trailing stop - Step - Points - The parameter determines the minimum number of points the new stop loss level should differ from the previous one, so that it is updated by the Position - Opposite close - Trailing stop function.

3.8. Trailing Stop - The Trailing Stop function has the following parameters:

3.8.1. Trailing stop - Enabled - the parameter activates the function.

3.8.2. Trailing stop - Start - Points - the parameter determines the minimum profit in points that should be achieved for the function to start determining the stop loss level.

3.8.3. Trailing stop - Stop - Points - The parameter determines the distance in points for the stop loss level determined by the Trailing Stop function.

3.8.4. Trailing stop - Step - Points - The parameter determines the minimum by how many points the new stop loss level should be different from the previous one, so that it is updated by the Trailing Stop function. The function is intended to limit the number of orders sent to the transaction server, as some brokers have restrictions in this respect.

3.9. Money manager - Enabled - The parameter activates the following functions:

3.9.1. Money manager - Expert balance initial - The parameter defines the initial level of funds based on which the capital management functions are performed. This level is updated based on the results of transactions and is visible in the information panel as "Expert balance".

When the "Expert balance" level (or "Expert balance" level minus a loss from currently open positions) drops to a value less than or equal to zero, all orders will be closed and the algorithm will be suspended.

3.9.2. Money manager - Distribution of profit - The parameter allows you to define (in percent) what proportion of profit from each closed position should be added to the "Expert balance" value.

3.9.3. Money manager - Volume additional - The parameter defines the value by which the position volume should increase each time the level "Expert balance" increases by the value specified by the parameter "Money manager - Volume additional - Profit".

3.9.4. Money manager - Volume additional - Profit - The parameter determines the value by which the level of "Expert balance" should increase to increase the volume of positions.

3.9.5. Money manager - Show information - The parameter activates the function that displays an information panel on the chart.

For the "Money manager" function to work properly, the entire account history should be visible in the terminal.

3.10. Grid - Enabled - The parameter activates the function creating orders baskets, which works based on the following parameters:

3.10.1. Grid - Lot calculation type - The parameter determines the method of determining the size of subsequent items in the basket and has the available options:

3.10.1.1. Start - The volume of each order in the basket will be the same as the volume of the first order.

3.10.1.2. Fibo - The volume of subsequent orders in the basket will be increased according to coefficients based on the Fibonacci sequence, i.e. 1, 1, 2, 3, 5, 8 ...

3.10.1.3. Total sum - The volume of subsequent orders in the basket will be increased according to the coefficients being a sequence of subsequent numbers, i.e. 1, 2, 3, 4, 5 ...

3.10.2. Grid - Maximum - Buy orders & Grid - Maximum - Sell orders - The parameters determine how many maximum orders a basket of a given type can consist of.

3.10.3. Grid - Step - Type - The parameter allows you to specify the way in which the step is determined for subsequent orders in the basket and assumes the following values:

3.10.3.1. Static - The distance for orders is fixed and determined by the Grid - Step - Points parameter

3.10.3.2. Dynamic - Add points - The distance for subsequent orders increases by the value in points specified by the Grid - Step - Dynamic - Points or Multiplier parameter. The initial value is determined by the Grid - Step - Points parameter.

3.10.3.3. Dynamic - Multiply - The distance for the next order will be a multiple specified by the Grid - Step - Dynamic - Points or Multiplier parameter, the distance between the previous two orders. For example, by configuring the Grid - Step - Dynamic - Points or Multiplier parameter equal to 2 and the Grid - Step - Points parameter equal to 100, the distance between the second and first order will be a minimum of 100 points, between the third and second order a minimum of 200 points, and between the fourth and third order a minimum 400 points.

3.10.4. Grid - Step - Points - The parameter specifies the minimum distance in points between orders in the basket. If the "Grid - Use signal" parameter is disabled, fulfilling this condition causes adding new orders to the basket.

3.10.5. Grid - Step - Closed bars - The parameter activates the function that requires that the step between orders in the basket is reached after closing the candle from the interval at which the algorithm works.

3.10.6. Grid - Use signal - Selecting an option other than "None" will enable a function that will add orders to the basket if, apart from the "Grid - Step - Points" condition, there is also an average intersection signal or a signal on the stochastic oscillator.

3.10.6.1. The "Averages" option will enable mean intersection analysis.

3.10.6.2. The "Stochastic" option will enable stochastic oscillator analysis.

3.10.7. Grid - Oposite close - The parameter activates the function closing the first and last order in the basket when the profit in points for both orders reaches the value specified by the Grid - Opposite close - Points parameter. The function is activated when there are at least three orders in the basket.

3.10.8. Grid - Take profit - Independent - The parameter activates the function that in Grid mode ignores other algorithm settings in terms of determining the take profit level and determines it at a distance specified by the parameter Grid - Take profit - Independent - Points.

When the Grid function is enabled, TP and SL levels are calculated based on the breakveness level of the entire order basket.

4. Segment Indicators allows you to configure the input data of Ichimoku, Custom Moving Averages and Stochastic Oscillator indicators.

4.1. The interval for indicators is determined based on the chart interval at which the software was launched.

5. The software draws an information panel on the graph and colored lines corresponding to the levels of brekeven, stop loss and take profit. Font and line colors can be configured in the Display segment.

@Michal Wolny

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Please check the functions - Partial opposite close

Thanks to this function, we do not have to set a hard Stop Lose, because thanks to the appropriate configuration of this function, we are able to close losing positions in parts, taking profit from profitable trades

after the free period, there will be a major update