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Knowledgeable Advisor Person Handbook
Thanks for selecting to make use of our professional advisor. We hope it enhances your buying and selling expertise and brings you nearer to your objectives. This handbook will information you thru the settings and functionalities of the RSI GridMaster EA, serving to you profit from its options. When you have any questions, be happy to contact us.
Product web page: MT5 model MT4 model
1. Connect the Knowledgeable Advisor to a Chart:
o Within the Navigator window, find your Knowledgeable Advisor beneath Knowledgeable Advisors.
o Drag and drop the Knowledgeable Advisor onto the chart of the forex pair or asset you want to commerce.
2. Allow Algo Buying and selling:
o Be sure the AutoTrading button on the toolbar is enabled (inexperienced).
o If you connect the EA to the chart, be certain that the Enable algo buying and selling checkbox is ticked within the settings.
3. Examine and Regulate Settings:
o Overview the Knowledgeable Advisor settings to make sure they align together with your buying and selling technique.
o Regulate any parameters as mandatory earlier than beginning.
As soon as the set up is full, you can begin configuring the settings for optimum efficiency. Here is a step-by-step information that will help you get began:
o EA NAME = “RSI GridMaster”: The textual content supplied right here will seem within the feedback.
o Sign Settings
RSI Interval = 18: Units the interval for the RSI indicator.
RSI Oversold First Commerce = 29.0: When the RSI worth falls beneath this threshold, the EA will open a purchase order for the primary commerce.
RSI Overbought First Commerce = 71.0: When the RSI worth rises above this threshold, the EA will open a promote order for the primary commerce.
RSI Oversold Grid = 30.0: This worth determines when the EA will open further purchase orders.
RSI Overbought Grid = 70.0: This worth determines when the EA will open further promote orders.
Sign Timeframe = PERIOD_H1: Units the timeframe on which the RSI indicator operates.
o Danger Administration
Auto Lot = false: Allows computerized lot sizing primarily based on the account stability.
Danger Stage = 1.0: The lot measurement is robotically adjusted in accordance with the account stability. With a price of 1, the lot measurement shall be 0.01 for each $1,000 in stability (e.g., 0.03 for $3,000). A price of three will make the lot measurement 0.03 for each $1,000 in stability.
Quantity Higher Restrict = 0.0: Units the utmost allowable lot measurement.
Repair Lot = 0.01: If the auto lot perform is disabled, this lot measurement shall be used.
Most Open Commerce = 14: Limits the variety of open positions. The EA is not going to open further orders as soon as this quantity is reached.
Minimize Loss = false: If enabled, the EA will shut all positions if the account stability loss reaches a specified share.
Minimize Loss Steadiness Proportion = 30.0: Specifies the proportion of stability loss at which all positions shall be closed.
o Buying and selling Settings
Revenue in Pips = 30.0: If the whole revenue from open positions reaches 30 pips, all trades shall be closed.
Minimal Grid Distance in Pips = 30.0: New orders is not going to open if the gap between them is lower than this worth. If it exceeds this worth, new orders will open primarily based on RSI alerts.
Repair Distance Grid = false: If enabled, new orders will at all times open on the specified minimal pip distance.
Unfold Filter = 5.0: No new orders shall be positioned if the unfold is the same as or higher than this worth.
Purchase Orders = true: Permits enabling or disabling purchase orders. This may be helpful throughout sturdy downward tendencies or to keep away from unfavorable swap prices.
Promote Orders = true: Permits enabling or disabling promote orders.
Trailing Cease First Order = false: Can be utilized for scalping on decrease timeframes. It stays energetic whereas just one place is open, defending revenue with a trailing cease.
Trailing Begin = 10.0: The trailing cease prompts as soon as the revenue reaches the desired pip distance.
Trailing Cease = 5.0: The trailing cease follows the value at this pip distance.
Trailing Step = 1.0: Specifies the step measurement for the trailing cease.
Martingale = false: Allows the martingale characteristic.
Multiply Tons = 2.0: Units the lot multiplier. Every new place can have its measurement multiplied by this issue.
Martingale Higher Restrict = 0.0: Specifies the utmost lot measurement for orders utilizing the martingale technique.
Martingale Revenue Proportion = 0.3: Defines the revenue goal in share of the stability for closing trades when utilizing the martingale technique. As an illustration, a price of 0.3 with a $1,000 stability will shut trades at $3 revenue, whereas with $3,000 and a price of 0.5, it should shut at $15 revenue.
Martingale Repair Revenue = false: Permits setting a hard and fast financial quantity for closing martingale positions.
Martingale Revenue = 30.0: Closes all positions when the common revenue reaches this quantity (within the account forex).
o Time Filter
Time Filter = true: Allows or disables the time filter. The filter is predicated on the server time.
Monday = true: Permits enabling or disabling buying and selling for particular person days. The filter solely restricts the primary commerce, subsequent trades should not affected.
Monday Begin = “07:00”: Buying and selling is allowed ranging from this time.
Monday Finish = “20:59”: Buying and selling is allowed till this time.
Tuesday = true
Tuesday Begin = “07:00”
Tuesday Finish = “20:59”
Wednesday = true
Wednesday Begin = “07:00”
Wednesday Finish = “20:59”
Thursday = true
Thursday Begin = “07:00”
Thursday Finish = “20:59”
Friday = true
Friday Begin = “07:00”
Friday Finish = “12:59”
o Magic Quantity
MagicStart = 3718: Permits modification of the magic quantity to determine trades opened by the EA.
Suggestion:
Earlier than utilizing the professional on a dwell account, take a look at your settings within the technique tester and on a demo account to know how the system operates. This fashion, you can also make any mandatory changes and achieve confidence within the settings.
When you have any questions or want additional help, please do not hesitate to succeed in out. You’ll find our contact data right here. We’re at all times completely happy to assist!
Profitable buying and selling!
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