Hello again ...
This is the description for the settings ...
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ContinueOpenTradesBUY ... If false, the EA will continue trading BUY orders direction till close all orders then stop trading.
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ContinueOpenTradesSELL ... Same as above but for SELL orders.
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MMType: 1=Fixed lot size ... 2=Adding ... 3=Best ... 4=Fibonacci ...
Example: if use (1) Fixed ... then all lots are the same as Lots value.
if use (2) Adding, then the EA will use Lots as First lot then add Lots to previous, so, it looks like, 0.01, 0.02, 0.03, 0.04, ...
if use (3) Best, Martingale type (Lots * LotExponent) .
if use (4) Fibonacci, Lot sizes will be in the form, 0.01, 0.02, 0.03, 0.05, 0.08, 0.13, 0.21 ... Big isk ... Be Careful
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Trade BUY ... Trade Long direction if true.
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Trade SELL ... Trade Short direction if true.
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Starting Lot ... Starting Lot.
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Lot Digits ... Number of fractional digits to represent the lot size.
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Lot Multiplier ... The number that we will multiply into the previous lot size to get the value of the new lot.
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Pip Step ... Minimum distance far away from last opened same type order to open a new one.
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Pip Step Multiplier (PSM) ... This number is multiplied into last Pip Step to get new bigger Pip Step distance for each opened new order.
Tip: Use Pip STep Multiplier (PSM) = 1 to get fixed Pip Step.
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Start PSM After Trades ... Start increasing the Pip Step distance after this number of trades.
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Max Trades For BUY Direction ... Maximum allowed number of trades for Long.
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Max Trades For SELL Direction ... Same as above but for Short.
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Take Profit In Pips ... The take profit value in pips.
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Use Time Filter For Trading ... Enable/Disable using the trading time filter.
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Start Trading Hour : Minute
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Stop Trading Hour : Minute
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Enable Info Display ... Enable/Disable show info on chart.
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Clean Objects On Chart ... Make chart clean to prevent PC/VPS overload after long time.
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Use Sound ... Sound Alert at each new order open.
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This EA is really more risky than previous versions. So, please don't neglect them
You can design your endless probabilities of mix of settings ... like ...
- Trade in Buy or Sell direction only.
- Use different number of trades for both directions because of trend.
- Use different lot types, fixed, Fibonacci, ...
- Take advantage of time filter to scalp during Asian market.
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Wish all of you the best ... Try it this week to get used to it ... Don't risk much ...
Sincerely yours,
O. Shaban