The EA is designed to position Automated Trades on Provide and Demand Zones. There are some enter paraneters that you need to use in response to your buying and selling fashion and in response to your private desire.
MT4 Model: https://www.mql5.com/en/market/product/116645
MT5 Model: https://www.mql5.com/en/market/product/117023
“TP Ratio” and “SL Ratio”. From these enter parameters, you possibly can set the cease loss and take revenue ratio. Additionally from enter variables you’ve gotten two methods to calculate the TP and SL. if you’d like the cease loss and take revenue to be a zone primarily based or ATR primarily based. if you choose zone primarily based, then the take revenue and cease loss is calculated in accordance the zone measurement . For instance if the zone measurement is 10 pips, and TP is 2 and SL is 3 then the TP will probably be 2*10=20 pips and SL will probably be 3*10=30 pips. If you choose the ATR primarily based will probably be calculated in response to ATR worth of the present timeframe. choose one to at least one, it is going to be 11 in any other case it is going to be estimated the present ATR worth of the present timeframe.
“Cash Administration” . From this part, you possibly can select your cash administration method. There are three choices out there:
- Fastened Lot Dimension: If you happen to select this feature, the lot measurement will stay fixed for each commerce you place.
- Danger-Based mostly Lot Dimension: Choosing this methodology will mechanically alter the lot measurement primarily based in your predetermined danger per commerce.
- Capital Proportion Calculation: By deciding on this feature, the lot measurement will probably be calculated relative to a proportion of your complete capital.
“Higher Restrict Line” button. Whenever you press the higher restrict line button then an higher restrict line is created on chart. You’ll be able to drag the road within the worth stage thhat you need. When an higher restrict line exist it implies that the ea will place trades on zones which might be solely under this higher restrict line.
“Decrease Restrict Line” button. Whenever you press the decrease restrict line button then a decrease restrict line is created on chart. You’ll be able to drag the road within the worth stage thhat you need. When a decrease restrict line exist it implies that the ea will place trades on zones that shaped above this decrease restrict line.
You’ll be able to have on the identical time an higher restrict line and a decrease restrict line. This fashion you possibly can create a worth vary that the EA will place trades solely inside this worth vary.
“Timeframe” buttons. From this part you possibly can choose the timeframes you need to place trades. The ea is multitimeframe. That implies that it’s not essential to open a number of timeframes of the identical pair. From a single timeframe you may get trades on any timeframe you need.
“Up Development” button. Whenever you press this button a bullish channel is being created. After you’ve gotten created the channel you possibly can rework it as you need. This channel will not be dynamic. That implies that it’s not altering whereas new candles are forming. From enter parameters you’ve gotten the possibilty to create a bullish trendline as a substitute of a channel. When this channel exists on chart the EA will place trades solely on provide and demand zones which might be shaped inside this channel. You’ll be able to mix the channel with an higher or decrease restrict line if you’d like. When you’ve gotten created a bullish trendline, mechanically the buying and selling course turns into Purchase. You’ll be able to unclick the purchase course and choose Promote course if you’d like however that might be dangerous.
“Down Development” button. Whenever you press the button then a bearish channel is being created. When you’ve gotten created the channel you possibly can rework it as you need. From enter parameters you’ve gotten the possibilty to create a bearish trendline as a substitute of a bearish channel. After you create the bearish channel the The EA will place trades solely on zones which might be shaped inside this channel. You’ll be able to mix the channel with an higher or decrease restrict traces if you’d like. When you’ve gotten created a bearish trendline, mechanically the buying and selling course turns into Promote. You’ll be able to unclick the Promote course and choose Purchase course if you’d like however it’s not advisable.
Vital notice: You can’t place trades above present timeframe when you’ve gotten activated bullish or bearish channels and trendlines , as a result of trendlines and channels can’t work in larger timeframes than the present timeframe. It is a platform limitation and it has nothing to do with the EA itself. For that cause all of the timeframes above present are being deactivated mechanically once you press the “Up Development” or “Down Development” button. For instance if you’re on 1hr timeframe and also you click on the “Up Development” button all timeframes above 1hr will probably be deactivated. You must place your trades from 1hr and decrease.
“Cease After x Winners” button. This parameter signifies after what number of profitable trades the ea will cease. For instance for those who click on the button and set the enter parameter into 2 the EA will cease after two profitable trades. After the specified quantity of profitable trades has reached, you get a message that the EA has stopped. To be able to begin over it’s essential to unclick and click on once more the button and you can begin over. The ea will begin to work once more .
“Cease After X Losers” button. This parameter signifies after what number of losers trades the ea will cease. For instance for those who click on the button and set the enter parameter into 4 the EA will cease after two losers trades. After the overall quantity of loser trades has reached, you get a message that the EA has stopped. To be able to begin over it’s essential to unclick and click on once more the button and you can begin over. The ea will begin to work once more.
“BUY” and “SELL” buttons. From this part of the Panel you possibly can choose the buying and selling course. You’ll be able to activate purchase course for those who consider that the bias of the market is bullish. On this case the EA will place solely purchase trades on demand zones. If you happen to consider that market bias is bearish then you possibly can activate promote course. In that case the EA will place solely promote trades on provide zones. Additionally you’ll be able to activate each Purchase and Promote course. In that case EA will place purchase trades on demand zones and promote trades on provide zones. If not one of the course buttons are pressed then the EA doesn’t place any trades in any respect.
“Huge” “Medium” “Slim” “SuperNarrow” buttons. There are 4 forms of zones. Right here you possibly can choose on which sort of zones you need to locations trades. For instance you possibly can choose to position trades solely on slender and supernarrow provide and demand zones, and never place trades on extensive and medium.
“Decrease Panel Button” button. On the left higher nook of the Buying and selling Panel you possibly can see the decrease button “<<“. If you happen to click on it then the Panel will probably be minimized. You’ll be able to you utilize this in case you need to see extra candles in your charts.
“Extension Panel Button” button. On the appropriate higher nook of the Buying and selling Panel you possibly can see the Extension Panel button “>>”. If you happen to click on it then you possibly can see the extension panel that it’s oferring some extra options.
On the “Extension Panel” you get data of the Each day Revenue/Loss and Each day (%) Revenue/Loss.
“Time Vary” button. If you happen to allow this button then the ea will place trades solely inside this particular time vary. That is the present time of your space and isn’t the time of the dealer. So if the beginning time is 15:00 and finish time is 20:00 the ea will place trades solely inside these particular occasions.
“Unfold Restrict” button. The ea is not going to place trades above when unfold of the present pair is greater than this worth enter. Some occasions the spreads throughout risky situtations, like information releases are very extensive and for that cause this enter parameters avoids buying and selling when spreads are very extensive. For instance if you’re on Eurusd and also you dont need to place trades when unfold is greater than 2 pips then you definately press the button and you set the enter parameter into 2.
“Trailing Cease in pips” . This means at which stage the trailing cease loss will probably be activated and what would be the distance in pips from present worth. For instance for those who click on the button and set the enter parameter into 20 it implies that when worth is 20 pips in revenue then the trailing cease loss is activated and it’s set at 20 pips away from present worth.
“Trailing Cease (%) of TP” . This acts the identical as above however as a substitute of pip stage you set a proportion stage. For instance for those who click on the button and set the enter parameter into 40 and the take revenue stage is 30 pips away from the Order Open Worth. it implies that when worth reaches 40%*30pips=12 pips in revenue then the trailing cease loss is activated and it’s set at 12 pips away from present worth.
“Half Income in pips”. This means at which stage you need to take for of your income. So let’s imagine your enter parameter is 30pips and you’ve got an open commerce of two heaps. When worth is into 30pips in revenue then 1 lot partial will probably be closed and you’ll have open an 1 lot commerce.
“Half Income (%) of TP”. This acts the identical as above however as a substitute of pip stage you set a proportion stage. For instance for those who click on the button and set the enter parameter into 20 and the take revenue stage is 100 pips away from the Order Open Worth, it implies that when worth reaches 20%*100pips=20pips in revenue then 1 lot partial will probably be closed and you’ll have open an 1 lot commerce.
“BreakEven Transfer in pips”. This means during which stage the cease loss will probably be moved to interrupt even. If you happen to set this parameter into 20 pips it implies that when worth strikes 20 pips in revenue then the cease loss will probably be moved at break even and this manner you will lock your income.
“BreakEven Transfer (%) of TP”. This acts the identical as above however as a substitute of pip stage you set a proportion stage. For instance for those who click on the button and set the enter parameter into 60 and the take revenue stage is 50 pips away from the Order Open Worth, it implies that when worth reaches 50%*60pips=30 pips in revenue then the cease loss will probably be moved at break even.
Max Image Orders/ Max Complete Orders
You’ll be able to choose the utmost quantity of the orders that the EA can open on a selected image and the utmost quantity of trades that the EA can open on the whole.
“Development Model”. You’ll be able to select between trendline and channel. if you choose channels then once you press “Up Development” or “Down Development” button then a bullish or bearish channel will probably be created. If you choose trendlines then a bullish or a bearish trendline will probably be created.
“Chart On Prime”. If this variable is true then when a brand new commerce is being positioned by the EA, mechanically the pair and the chart that the commerce was created it would come on high.
Visible Settings
You’ll be able to visualize three timeframes above present. You’ll be able to see on chart first timeframe above present, second and third. For instance if you’re on 1hr timeframe you’ll be able to see 4hr , Each day and Weekly zones. Dotted traces indicating 1st timeframe anove present , strong traces indicating 2nd timeframe above present and dashed traces indicating third timeframe above present
You’ll be able to visualize solely sure sort of zones. You’ll be able to see on chart solely sure sort of zones. For instance you possibly can see on the chart solely slender or supernarrow zones and conceal extensive and medium sort of zones.
“Theme Colour”. You’ll be able to change the colours of the panel. You could have 6 choices to select from. You should utilize the one that you simply like and it fits most with the colours of your chart.
“Allow Handbook Buying and selling”. You’ll be able to allow additionally guide buying and selling and place market and restrict orders by clicking the zone label subsequent to a zone.
Alert Settings
You may get alerts, push notifications and emails when a brand new commerce is opened or when a commerce is closed. So even if you’re away out of your laptop you possibly can have an actual time view of what’s going on together with your trades. To be able to get push notifications it’s a must to obtain the mt4/mt5 utility in your cellphone.
Whenever you connect the Provide Demand EA ProBot on the chart for the primary time make sure that the above tickbox are ticked.
Additionally be sure that “AutoTrading” button on the buying and selling platform it’s enabled. In any other case the EA can’t place any trades mechanically.
If you happen to discover any bugs or you’ve gotten any suggestion about the way to make this device even higher simply ship me a dm. I might glad to take heed to your ideas.
