GENERAL TRADE SETTINGS
- Distinctive identifier for orders: Distinctive identifier for orders.
Description: This distinctive quantity identifies the orders executed by the EA, permitting for simpler administration and monitoring when a number of methods or robots are working concurrently.
Consideration: Make sure that this quantity is completely different for every occasion of the EA working on the identical account. This prevents conflicts and ensures that the EA accurately manages its personal trades.
- Remark for orders (label): Remark for orders (label).
Description: A customized textual content connected to every order to facilitate its identification. That is helpful for separating trades made by the EA from these made manually or by different techniques.
Consideration: Use this subject so as to add notes or identifiers to your trades. This facilitates monitoring and evaluation of the transactions made by the EA.
- Most allowed slippage (in pips): Most allowed slippage (in pips).
Description: Units the utmost slippage allowed for order execution. If the market value strikes past this worth earlier than order execution, the order won’t be executed, thus defending you from unfavorable situations.
Consideration: A price that’s too low could forestall order execution in unstable markets. Modify this parameter in accordance with your tolerance for slippage and present market situations.
- Most allowed unfold (in pips): Most allowed unfold (in pips).
Description: Defines the utmost acceptable unfold to open new trades. If the market unfold is larger than this worth, new trades won’t be opened till the unfold decreases, avoiding buying and selling in unfavorable situations.
Consideration: Setting a variety restrict helps to keep away from trades throughout instances of excessive volatility. Nevertheless, whether it is too restrictive, the EA would possibly miss entry alternatives.
- Hedging mode (Disabled, Impartial, or Cooperative): Hedging mode (Disabled, Impartial, or Cooperative).
Description: This parameter means that you can choose how simultaneous purchase and promote trades are managed. In “Disabled”, just one kind of commerce (purchase or promote) is allowed. In “Impartial”, purchase and promote trades are managed individually. In “Cooperative”, purchase and promote trades are mixed to create a hedging technique.
Consideration: Choose “Impartial” to deal with buys and sells individually, or “Cooperative” for methods that mix each instructions. Confirm that your dealer permits hedging if you happen to determine to make use of it.
- Commerce varieties allowed (Purchase, Promote, or Each): Commerce varieties allowed (Purchase, Promote, or Each).
Description: Specifies which sorts of trades are allowed by the EA. It may be configured to permit solely buys (OnlyBuy), solely sells (OnlySell), or each (BuySell), relying in your technique.
Consideration: Limiting the kind of trades could be helpful in sure methods. Nevertheless, permitting each instructions will increase buying and selling alternatives.
- Allow cease loss: Allow cease loss.
Description: Permits or disables the usage of a cease loss to restrict total losses. If activated, the EA will shut all trades when the whole losses attain the worth specified within the subsequent parameter.
Consideration: Activating this selection is crucial to guard your capital. Set an applicable cease loss to handle the chance of serious losses.
- Cease loss worth (in account forex): Cease loss worth (in account forex).
Description: Defines the loss stage in your account forex at which all open trades will probably be closed to keep away from additional losses. For instance, if set to -100, trades will probably be closed upon accumulating a complete lack of 100 financial items.
Consideration: Outline an quantity that displays your danger tolerance. Make sure that this worth is constant together with your account dimension and danger administration technique.
ENTRY LOGICS
- Shut trades on reverse sign: Shut trades on reverse sign.
Description: If activated, the EA will shut all open trades when it receives an reverse sign. For instance, if there are open purchase trades and a promote sign is generated, the purchase trades will probably be closed.
Consideration: By activating this selection, the EA can react rapidly to market adjustments, however it may additionally shut worthwhile trades prematurely. Contemplate the steadiness between safety and potential earnings.
- Variety of bars to research for Liquidity Zones: Variety of bars to research for Liquidity Zones.
Description: Units the variety of historic bars that the EA will analyze to determine liquidity zones out there. The higher the variety of bars, the extra historic depth is taken into account.
Consideration: A bigger variety of bars gives a broader evaluation however could cut back sensitivity to latest adjustments. Modify this worth in accordance with your technique and time horizon.
LOT SIZE STRATEGY SETTINGS
- Lot dimension technique (e.g., Arithmetic Development): Lot dimension technique (e.g., Arithmetic Development).
Description: Defines the lot dimension technique that the EA will comply with. You possibly can select amongst varied choices, akin to arithmetic or geometric development, which decide how the place sizes improve.
Consideration: The selection of technique influences how your place sizes will improve or lower. Extra aggressive methods can improve earnings but additionally danger. Choose one which aligns together with your danger profile.
- Preliminary lot kind (Mounted or Steadiness-based): Preliminary lot kind (Mounted or Steadiness-based).
Description: Specifies whether or not the preliminary lot dimension will probably be fastened (Fixed_Lot) or calculated primarily based on the account steadiness (Balance_Lot).
Consideration: When you go for “Steadiness-based,” the lot dimension will modify routinely in accordance with your account steadiness, serving to in danger administration and adapting to adjustments in your capital.
- Preliminary lot dimension: Preliminary lot dimension.
Description: Defines the preliminary lot dimension with which the EA will begin buying and selling.
Consideration: Begin with rather a lot dimension that’s applicable on your account dimension and danger urge for food. Massive lot sizes can generate important features and losses.
- Account steadiness per lot unit: Account steadiness per lot unit.
Description: Units the quantity of steadiness required for every lot unit. For instance, if set to 1500, the EA will open 0.01 tons for each 1500 financial items in your account.
Consideration: This parameter is essential if you happen to use a balance-based lot dimension. It helps preserve a constant relationship between the scale of your positions and your out there capital.
- Revenue multiplier for Martingale: Revenue multiplier for Martingale.
Description: This worth is the multiplier used to extend the lot dimension after a successful commerce in a Martingale technique.
Consideration: A excessive multiplier can rapidly improve the scale of positions after wins, rising the chance of losses in case of a reversal. Use with warning.
- Loss multiplier for Martingale: Loss multiplier for Martingale.
Description: Specifies the multiplier utilized to the lot dimension after a shedding commerce in a Martingale technique, aiming to recuperate earlier losses.
Consideration: Watch out when utilizing Martingale on losses, as it may well result in fast will increase in lot dimension and potential deep drawdowns.
- Loss multiplier for Third-Fifth trades: Loss multiplier for Third-Fifth trades.
Description: Adjusts the loss multiplier particularly for the third, fourth, and fifth trades inside a Martingale sequence.
Consideration: Modify this worth to regulate the lot dimension development within the preliminary trades after a loss, serving to to handle danger in damaging sequences.
- Most variety of open trades: Most variety of open trades.
Description: Defines what number of simultaneous trades the EA can preserve open. As soon as this restrict is reached, no new trades will probably be opened.
Consideration: Limiting the variety of open trades helps to keep away from overexposure to the market and management complete danger.
- Most Allowed Lot Dimension: Most Allowed Lot Dimension.
Description: Units the utmost allowed lot dimension in a commerce. After reaching this worth, the lot dimension will probably be maintained and won’t improve additional.
Consideration: Setting a restrict prevents the lot dimension from rising past what your account can help. It is a security measure to guard your capital.
- Shut all trades when max trades are reached: Shut all trades when max trades are reached.
Description: If activated, the EA will shut all open trades when the utmost variety of trades outlined is reached.
Consideration: Activating this selection could be helpful to restart the commerce cycle and keep away from extreme accumulation of positions. Nevertheless, it may end in closures at unfavorable instances.
TAKE PROFIT SETTINGS
- Take revenue calculation technique: Take revenue calculation technique.
Description: Defines the tactic used to calculate the Take Revenue stage. Choices can embody share of ATR (TP_PERCENT_ATR), fastened worth in pips, or quantity in account forex.
Consideration: Choose the tactic that most closely fits your technique. Utilizing a share of ATR adapts the Take Revenue to the present market volatility.
- Take revenue in account forex: Take Revenue in account forex.
Description: Units the Take Revenue stage in your account’s financial items.
Consideration: Units a hard and fast financial achieve goal. Guarantee it’s practical for the traded pair and timeframe.
- Take revenue in pips: Take Revenue in pips.
Description: Defines the Take Revenue stage in pips from the entry level.
Consideration: Helpful for methods searching for to seize particular market strikes. Modify in accordance with the pair’s volatility.
- Take revenue as a share of ATR: Take Revenue as a share of ATR.
Description: Calculates the Take Revenue as a share of the Common True Vary (ATR), adapting to market volatility.
Consideration: An applicable share is essential to steadiness danger and reward. This enables the Take Revenue to be dynamic and delicate to present situations.
- ATR timeframe for take revenue: ATR timeframe for take revenue.
Description: Selects the timeframe used to calculate the ATR in figuring out the Take Revenue.
Consideration: A broader timeframe smooths variations and gives a extra secure measure of volatility.
- ATR interval for take revenue: ATR interval for take revenue.
Description: Defines the variety of intervals that will probably be used to calculate the ATR.
Consideration: Modify the interval to incorporate the quantity of historic knowledge you take into account related on your volatility evaluation.
TRAILING STOP SETTINGS
- Allow trailing cease: Allow trailing cease.
Description: Lets you activate or deactivate the trailing cease, which routinely adjusts the Cease Loss stage because the market strikes in your favor.
Consideration: Activating the trailing cease means that you can defend earnings because the market strikes in your favor, however it could be much less efficient in markets with excessive volatility and frequent pullbacks.
- Trailing cease activator (p.c of take revenue): Trailing cease activator (p.c of take revenue).
Description: Units the proportion of the Take Revenue that should be reached earlier than the trailing cease prompts.
Consideration: Set a stage that permits the commerce to develop earlier than activating the trailing cease. A price too low could restrict your revenue potential.
- Trailing cease step (p.c of take revenue): Trailing cease step (p.c of take revenue).
Description: Defines the increment by which the trailing cease will transfer as the worth advances.
Consideration: A smaller step follows the worth extra intently however will increase the chance of being taken out of the market by minor fluctuations.
STEP SETTINGS
- Step kind (Mounted or Dynamic): Step kind (Mounted or Dynamic).
Description: Defines whether or not the space between orders (the Step) will probably be fastened or dynamic. In “Mounted,” the Step stays fixed; in “Dynamic,” it adjusts in accordance with the market.
Consideration: A dynamic Step adjusted by ATR could be simpler in unstable markets, whereas a hard and fast one is less complicated however much less adaptable.
- Preliminary step dimension (in pips): Preliminary step dimension (in pips).
Description: Defines the preliminary distance between successive orders in pips.
Consideration: A Step that’s too small can lead to trades which are too shut to one another, rising danger. Modify this worth in accordance with market conduct.
- ATR multiplier for step dimension: ATR multiplier for step dimension.
Description: Adjusts the dynamic Step dimension by multiplying the ATR by this worth.
Consideration: Utilizing an applicable multiplier, the Step will modify proportionally to the present volatility, bettering the grid’s effectiveness.
- Ratio of contra-trend to development grid: Ratio of contra-trend to development grid.
Description: Defines the proportion between counter-trend trades and trades in favor of the development. A price lower than 1 favors development trades; higher than 1 favors counter-trend trades.
Consideration: Modify in accordance with your evaluation and danger tolerance. An applicable steadiness can enhance your technique’s effectiveness.
- Timeframe for test grid situations: Timeframe for test grid situations.
Description: This parameter determines the primary timeframe through which grid situations are checked.
Consideration: Liquidity Zones EA is designed to routinely change the timeframe when added to the chart, optimizing its operation on EUR/USD. It’s not obligatory to regulate it manually, however you are able to do so in case your technique requires it.
DATE RESTRICTIONS (IF NO TRADES OPENED)
- Allow or disable date restriction: Allow or disable date restriction.
Description: Lets you activate or deactivate date restrictions to forestall the opening of latest trades throughout a particular date vary.
Consideration: Helpful to keep away from buying and selling throughout particular intervals akin to holidays or main occasions. Activate this selection in accordance with your wants, particularly throughout the Christmas season.
- Begin day of the exclusion vary: Begin day of the exclusion vary.
Description: Specify the day from which the EA will cease opening new trades.
Consideration: Make sure that the day and month correspond to the interval you wish to keep away from.
- Begin month of the exclusion vary: Begin month of the exclusion vary.
Description: Choose the month similar to the beginning of the restriction interval.
Consideration: Confirm that it matches the beginning day to keep away from confusion.
- Finish day of the exclusion vary: Finish day of the exclusion vary.
Description: Point out the day when the EA can resume opening trades.
Consideration: Set this worth to renew buying and selling after the exclusion interval.
- Finish month of the exclusion vary: Finish month of the exclusion vary.
Description: Choose the month similar to the top of the restriction interval.
Consideration: Verify that the top date is after the beginning date for the restriction to work accurately.
NEWS FILTER SETTINGS
- Allow information filter: Allow information filter.
Description: Prompts or deactivates the information filter. If activated, the EA will droop trades earlier than and after essential financial occasions.
Consideration: Activating this filter helps to keep away from buying and selling throughout occasions that may trigger excessive volatility and unpredictable actions.
- Filter by information significance: Filter by information significance.
Description: Permits filtering information in accordance with their influence stage (excessive, medium, low, or all).
Consideration: Choose the information influence stage you want to keep away from. This lets you customise the filter’s sensitivity.
- Minutes earlier than information to halt buying and selling: Minutes earlier than information to halt buying and selling.
Description: Units the variety of minutes earlier than a information occasion when the EA will cease opening new trades.
Consideration: Set a prudent time margin to keep away from volatility previous to the announcement.
- Minutes after information to renew buying and selling: Minutes after information to renew buying and selling.
Description: Defines the time the EA will wait after a information occasion earlier than resuming trades.
Consideration: Permits the market to stabilize after the occasion earlier than resuming operations.
Necessary Observe: For the information filter to work accurately, you have to add the tackle https://nfs.faireconomy.media in MetaTrader. Go to Instruments > Choices > Professional Advisors and in “Enable WebRequest for the next URLs,” add the talked about tackle.
ADDITIONAL INFORMATION ABOUT LIQUIDITY ZONES EA
- Image and Timeframe: Liquidity Zones EA is particularly designed to function on the EUR/USD pair. It’s not essential to load extra units. Really helpful Timeframe is H1.
- Simplified Configuration: The EA comes preconfigured on your comfort. Nevertheless, it’s advisable to evaluate and modify the parameters in accordance with your danger profile and market situations.
- Utilization Suggestions: Though the EA is optimized, it’s at all times prudent to check it on a demo account earlier than utilizing it on an actual account. It will let you familiarize your self with its operation and make changes if obligatory.
This guide goals to offer you an in depth understanding of every parameter and make it easier to make knowledgeable selections when configuring Liquidity Zones EA. Do not forget that buying and selling entails dangers, and it’s important to commerce responsibly with correct danger administration.