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After an intensive studying part and incorporating worthwhile suggestions from customers, I’ve chosen to develop replace 4.0, constructing upon Boring Pips EA’s current 3.3 variations. This up to date model goals to reinforce consumer expertise in buying and selling and effectively dealing with account dangers.
The discharge of Replace 4.0 for Boring Pips EA on June 30, 2024, encompasses the next modifications:
Determine 1: Model 4.0 – Set up interface
1. For accounts with a base foreign money (deposit foreign money) apart from USD, the EA will now mechanically convert currencies to USD for calculating buying and selling quantity, eliminating the necessity for handbook conversion.
2. The ‘Base steadiness’ will now be decided as a PERCENTAGE of the account steadiness fairly than being fastened in USD, facilitating Auto_lot operate (permits buying and selling quantity adjusts with the account steadiness).
3. Enhanced danger administration choices embody:
– Setting the utmost variety of foreign money pairs to be traded on the similar time.
– Setting the utmost variety of positions per group (a grid sequence of positions closed collectively)
– Setting the utmost unfold for buying and selling.
4. Further show preferences:
– Choice to Allow/Disable Dashboard visibility.
– Choice to Allow/Disable show of provide/demand zones on the chart.
– Customization of Order Feedback is now supported.
In case model 3.3 positions haven’t been totally closed but, you’ll be able to set up model 4.0 with out conflicts. Guarantee choosing the proper Danger mode and use the ‘Magic quantity’ from the earlier model for the set up of model 4.0.
B. Detailed Directions for Utilizing model 4.0
Earlier than continuing to the subsequent part, be sure you perceive the which means of the EA enter parameters: https://www.mql5.com/en/blogs/put up/756300.
1. How is the preliminary buying and selling quantity calculated?
The preliminary buying and selling quantity is calculated on the fee of 0.01 lot per 500 USD of Base steadiness:
Preliminary Quantity = Base steadiness (in USD)/500 x 0.01.
2. “Change fee”:
To take care of constant buying and selling efficiency throughout accounts, whatever the deposit foreign money, EA will convert the account steadiness to USD to calculate an appropriate buying and selling quantity. This conversion course of is automated.
If the conversion can’t be performed mechanically or the utilized alternate fee is inaccurate, customers can replace the alternate fee within the ‘Change fee’ part.
For instance, if the buying and selling account’s foreign money is GBP and the alternate fee is 1 USD = 0.79 GBP, then enter 0.79 into “Change Fee”.
3. “Base steadiness”: refers back to the steadiness allotted for buying and selling with the EA.
If the account steadiness is 1000 USD and also you want to use the complete steadiness for buying and selling, enter ‘100’ in ‘Base steadiness’; thus, the Base steadiness will correspond to 100% of the steadiness and the EA will commerce beginning with 0.02 heaps.
In the event you solely need to commerce with 50% of your account, enter ‘50’ in ‘Base steadiness’, then Base steadiness will correspond to 500 USD and EA will begin buying and selling with 0.01 lot.
For these inclined in the direction of danger, coming into ‘200’ will immediate the EA to commerce as if the steadiness have been 2000 USD, resulting in positions being opened beginning with 0.04 heaps.
Kindly confirm the data within the Dashboard to make sure the EA features as supposed. Bear in mind, Lot Dimension (4) would be the buying and selling quantity utilized to open the positions. Please concentrate on it to make the required customizations as instructed.
Determine 2: Model 4.0 – Dashboard interface
4. ‘Max simultaneous buying and selling pairs’:
This setting determines the utmost variety of foreign money pairs that may be traded concurrently.
If set to ‘1’, pairs are traded sequentially. As soon as a pair closes its place, the subsequent pair could be traded.
5. ‘Max positions per group’:
The EA organizes positions into teams, with every group consisting of a sequence of grid positions closed collectively. This setting dictates the utmost variety of positions every group can have. For optimum efficiency, it is strongly recommended to permit every group to have as much as 8-15 positions.
6. ‘Max unfold for buying and selling (pips)’:
This worth, measured in pips (10 factors), units the utmost allowable unfold for opening positions. Positions won’t be openned if the floating unfold exceeds this restrict. This function helps stop buying and selling in low liquidity situations or throughout main information releases.
7. ‘Order feedback’:
Right here, customers can enter textual content to be displayed within the order remark part. A most of 15 characters is supported. It is vital to notice that the system can even embody a personality string devoted to place administration together with the consumer’s enter.
8. ‘Show Dashboard’:
This selection toggles the visibility of the Dashboard on/off.
9. ‘Show Provide/Demand zones’:
This setting controls the show of provide and demand areas on the buying and selling chart. Customers can decide to indicate or disguise these zones as wanted.
When you have additional inquiries or solutions for future updates to the Boring Pips EA, be at liberty to succeed in out by way of direct message.
Wishing you efficient and ‘borring’ buying and selling within the upcoming months.
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