Parts of the EA functions and Rules
Training Video's
Part 1: Price Action Robot EA – settings and functions Tutorial
Part 2: Price Action Robot EA 2.2 version– settings and functions Tutorial
0.5% – 1% a Day Low Drawdown No Over-night trade Settings
How to Install Price Action EA 2.2 version on MT4
How to Install Robot EA to your VPS server
How to Diversify Your Risk- Less risk trading
EA Function Discription
1. Start Trade= This function is to Select your time start open a position on buy or sell stop order. Follow your MT4 server time.
2. Stop Trade = This function is to stop the EA to open a position on buy or sell stop order. Follow your MT4 server time.
3. GapHigh = input value on how many pips distance to open buy stop order entry.
4. Gaplow = input value on how many pips distance to open sell stop order entry.
5. Expired PO after X candle = hour-Time Input value to stop or cancel if not reach or hit the open trade on buy stop and sell stop order.
6. Lot- lot size selection. This depends on your broker lot pricing.
nano lot- 0.01
Micro lot – 0.1
Mini lot- 1
Standard lot- 10
7. TakeProfit = TP pip value
8. Stop Loss = Stop loss pip value
9. Magic number= input value for magic number for multiple pairs.
10. Margin level Management – default settings is 2000, You can change this depends on your risk value. The EA will stop once reach this value set. And it wil Back to trade again once above or the value higher. This to take care your account from over trade.
11. Enable Spread control- select true or false. If true, MaxSpreadcontrol value will be enable. If false, Spread control will be disable.
12. MaxSpreadPips– the value set will stop the EA to open new trade if same value or lower spread on the broker or market. If you set 1 pips, thats = 10 points in 5 digit broker.
13. Slippage – This will control your trade if the slippage value is higher than the settings. If you set 1 pips, thats = 10 points in 5 digit broker.
14. Close Trade on time specific = enable auto closing time selection true/false.
15. CloseTrade-time – input value on specific time to close all trade. All trade open by this EA-Robot will be close if this enable.
16. Trailing_stop_on= true or false selection.
17. Trailing_start = input pip value on to enable profit trailing. This function is to start to lock your profit once reach this pip value.
18. Trailing_stop = input pip value on to close profit trailing once market reverse.
19. Trailing step = value on every pip profit trailing change.
20. Show account info – true if enable. false if disable.
21. text size – value of the text appear in the screen.
Robot basic settings requirements
2. MT4 Platform installed
3. MT4 Timeframe best for ( H1).
Note: You can use higher time frame for swing trading and long term trading.
If you want aggressive trading, please use Time frame lower than H1. but not suitable due to more market noise.
Account Size (capital) Suggestions
Option 1:
500 USD
Lot size – 0.01
Number of pairs- 2 currency pair
1,000 USD
Lot size – 0.01
Number of pairs- 5 currency pair
or
Lot size – 0.02
Number of pairs- 3 currency pair
2,000 USD
Lot size – 0.02
Number of pairs- 5 currency pair
or
Lot size – 0.03
Number of pairs- 3 currency pair
Notes: If your account higher than this, Just follow same sequence. You can calculate your lot size risk or watch the video on diversify your risk.
Option 2:
You can use 14 pairs Pre-set files as attached with low drawdown. check the video.
Requirements:
– 1,000 USD- account
– 14 pairs as attached on pre-sets
– Timeframe: H1
– Leverage: 1:200 and above
Notes: If your account higher than 1kusd, Just follow same sequence. You can calculate your lot size risk or watch the video on diversify your risk.
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Live Trading Video Samples using this Robot EA
USD/CAD- Live Trading
Live trade with EUR News EUR/USD pair
AUD/USD- Live Trading
Trading with Non-Farm Payrol and CAD employment change.
Trading with Scalping Strategy- How to set
Risk Advisory
Trading on Forex is highly speculative and carries a high level of risk. It is possible to lose all your capital. You should not invest money in Forex trading that you can’t afford to lose. These products may not be suitable for everyone and you should ensure that you understand the risks involved. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. Seek independent advice if necessary.
*You should treat Forex Trading as your Business, and not one time Millionaire mindset or Get-Rich-Quick scheme mindset. If your believe Forex is a Get-Rich-Quick scheme or attitude of one time Millionaire, it will lead you to losing your money quickly. So, treat Forex as a business. Make sure to have proper calculation on your trading risk.*