Hey everybody, I am Esmaeil and right here I’ll clarify the inputs and learn how to run the EA correctly to get probably the most out of it so stick with me 🙂
There are 3 steps to run the EA correctly :
- the Chart you need to run the EA on
- the URL it’s important to add for the Information filter
- set the proper danger and inputs
now particulars:
1. it’s important to run on gold chart some brokers have it as identify of Gold and a few have XAUUSD , in case your dealer has each you need to seek the advice of together with your dealer assist to know which chart is tradable and the timeframe ought to be H1 and also you solely must run this EA as soon as on one chart .
Hyperlink to Youtube video on learn how to connect it to chart correctly:
once you connect it it’s important to allow two issues to permit the Metatrader to run the robotic and open trades:
First test the field of “Permit Algo Buying and selling ” within the Frequent tab of the professional once you attempt to connect it to chart as proven under:
Second Click on on the “Algo Buying and selling” button on high of your metatrader window and make it inexperienced as present under:
After this the icon of the EA ought to be a smiley face on the Metatrader4 or a blue icon on metatrader5 like under:
2.it’s important to add the https://nfs.faireconomy.media to the URL part so the EA can obtain the most recent upcoming information. right here is the place you need to add it:
first click on on Instruments on high of the Metatrader window:
then click on on Choices as proven within the image under:
then click on on professional advisors tab and the test the field of “Permit WebRequest for listed URL” after which enter the handle and click on OK as proven under:
3.right here is the small print of the inputs however i’ve to say the default enter is appropriate for many merchants , im operating it on a default and a customized setfile on my alerts ,i’ll connect the set file on the finish of this text be at liberty to obtain it(the customized set file has the filter buying and selling by RSI on and it has another layer of safety)
for the chance if you happen to set the chance by share because the extra danger you are taking you possibly can have decrease steadiness (as a result of every dealer has minimal lot):
| Minimal potential Threat% | Stability |
|---|---|
| 1 | 1000 USD |
| 2 | 500 USD |
| 0.5 | 2000 USD |
| 5 | 200 USD |
- Important Magic Quantity: This distinctive identifier helps the robotic distinguish its trades from these of different robots or guide trades. Every robotic working in your account ought to have a special magic quantity. For instance, “80874” is a selected identifier for this robotic’s trades.
- Order Remark: This lets you connect a customized remark to every commerce the robotic makes. It is helpful for monitoring and figuring out trades in your buying and selling historical past. The sector is left clean by default, permitting you to decide on your remark.
- Lot Calculation Methodology: Determines how the robotic calculates the lot dimension for every commerce. Choices like base on steadiness alter the lot dimension primarily based on the present steadiness in your buying and selling account, making certain a dynamic strategy to danger administration.
- Threat Proportion per Commerce : This units the chance publicity for every commerce as a share of your complete account steadiness. For instance, “2.5” means the robotic will danger 2.5% of your account steadiness per commerce.
- Mounted Lot Measurement: Specifies the lot dimension for use for every commerce if you happen to’re not utilizing a dynamic lot calculation methodology. A price of “0.2” means every commerce will use a set lot dimension of 0.2.
- Mounted Lot Measurement per Stability: Determines the fastened lot dimension primarily based on a selected steadiness quantity. As an illustration, “500” might imply a set lot dimension is used for each $500 of account steadiness.
- Most Lot Measurement: The higher restrict for the lot dimension the robotic can use for a single commerce, making certain trades don’t exceed a sure dimension, for instance, “40” heaps.
- Minimal Lot Measurement: The smallest allowable lot dimension for trades, set at “0.05” heaps, making certain the robotic doesn’t place trades under this dimension.
- Most Unfold Allowed: This enter limits the unfold (the distinction between the purchase and promote worth) at which trades will be opened, set at “100” factors, to keep away from coming into trades throughout extremely unstable or illiquid market circumstances.
- One Commerce Per Image: When enabled (true), this ensures the robotic solely has one open commerce per image (foreign money pair) at a time, selling diversification and danger administration.
- Minimal Distance Between Trades: Units the minimal allowable distance between trades for a similar foreign money pair, in factors, to keep away from clustering of trades too intently, set at “100” factors.
- RSI Filter: When enabled (false by default), this makes use of the Relative Energy Index (RSI) as a filter for commerce alerts, contemplating the market’s overbought or oversold circumstances earlier than coming into a commerce.
- RSI Filter Interval: The size of the RSI interval for use if the RSI filter is enabled, with “24” indicating the variety of bars used for the RSI calculation.
- RSI Filter Timeframe: The chart timeframe for the RSI filter, equivalent to PERIOD_W1 for weekly. This determines over what interval the RSI is calculated.
- Excessive Impression Information Filter: When enabled (false by default), the robotic will keep away from buying and selling throughout instances of high-impact information releases, which may considerably have an effect on market circumstances.
- Medium Impression Information Filter: Just like the excessive affect filter, however for medium affect information occasions. When true, the robotic avoids buying and selling throughout these instances.
- Low Impression Information Filter: This setting, when enabled, causes the robotic to skip buying and selling throughout low affect information bulletins, minimizing danger from market fluctuations throughout these occasions.
