How the Gold Hype Professional Advisor Works
Commerce Panel and information panel :
1. Commerce Panel gives a perform to open and shut trades manually by urgent the specified button.
- Sq. Button: conceal all buttons
- BUY Button: Open Purchase
- SELL Button: Open Promote
- X All Button: Shut All positions
- X Revenue Button: Shut All positions which might be worthwhile
- X Loss Button: Shut All dropping positions
- X Purchase Button: Shut All all purchase positions
- X Promote Button: Shut All all promote positions
- DP Button: Delete all pending orders
2. Details about the full of heaps and present revenue/loss
3. DWM P/L gives details about day by day, weekly and month-to-month revenue/loss accumulation.
4. Drawdown D|M gives details about day by day and month-to-month drawdowns. Month-to-month drawdowns take peak and lowest fairness vary information inside a sure time frame. Relating to the way to calculate drawdown, see the next hyperlink Click on right here and right here
5. Fairness|Min|Max gives info on present fairness, minimal fairness and most fairness information in 1 month for the aim of calculating most drawdown.
6. Unfold, gives info on the present image unfold
Professional enter:
1. Handle Open Positions
- Allow Technique 1-6: These settings permit you to allow or disable every of the six totally different buying and selling methods inside the advisor.
- Timeframe Technique 1-6: Specify the timeframe for every technique (e.g., 1 minute, 5 minutes, 1 hour, and many others.).
- Interval in bars Technique 1-6: Outline what number of bars the technique ought to look again to investigate previous information and make buying and selling choices.
2. Handle Tons and Cash
- Autolot Kind: Select the kind of autolot calculation.
- 0.01 per Fairness Quantity: Set the quantity of fairness that determines lot dimension. For instance, in case your stability is $1000 and also you set the fairness quantity to $200, the autolot calculation could be 1000/200 = 5 x 0.01 = 0.05. Thus, for each $200 improve in fairness, the lot dimension will increase by 0.01.
- Fastened Lot dimension: Set a hard and fast preliminary lot dimension for buying and selling.
- Maximal Tons: Outline the utmost variety of heaps per commerce.
3. Handle SL-TP Settings
- Stoploss & Takeprofit (in pips): Set the degrees for cease loss and take revenue in pips.
- Cease Loss (in pips): Specify the cease loss stage in pips.
- Take Revenue (in pips): Specify the take revenue stage in pips.
4. Handle Trailing
- Trailing: Allow or disable the trailing cease characteristic.
- Trailing Begin (in pips): Set the variety of pips at which the trailing cease begins.
- Trailing Dimension (in pips): Outline the step dimension for the trailing cease in pips.
5. Handle BreakEven
- Break Even: Allow or disable the break-even characteristic.
- Break Even Begin (in pips): Set the variety of pips at which the break-even level begins.
- Break Even Step (in pips): Outline the step dimension for adjusting the break-even level.
6. Handle Month-to-month Goal
- Allow Month-to-month Goal: Allow the month-to-month goal characteristic for prop agency buying and selling.
- Month-to-month Goal, %: Set the month-to-month goal as a share.
7. Handle Drawdown
- Allow Handle Drawdown: Allow the drawdown administration characteristic.
- Max Drawdown Every day (0= No Max DD), %: Set the utmost day by day drawdown as a share.
- Max Drawdown Month-to-month (0= No Max DD), %: Set the utmost month-to-month drawdown as a share.
8. Time Administration
- Use time management: Allow restrictions on buying and selling hours and days, relevant just for opening new cycles. The timing makes use of the dealer’s server time.
- Commerce Begin Time: Specify the time to start out buying and selling.
- Commerce Finish Time: Specify the time to cease buying and selling.
- Commerce in Monday-Friday: Allow or disable buying and selling on particular days of the week.
9. Proceed New Cycle Administration
- Begin a brand new cycle on the specified hour utilizing the dealer’s server time.
10. Handle Information
- Cease Commerce by Information: Allow or disable the information filter to keep away from buying and selling throughout vital information occasions.
- Present Information Solely This Chart Forex: Show information associated to the present chart/image solely.
- Excessive/Medium/Low Significance Information: Classify information primarily based on its significance and set colours for every class.
- Cease commerce X seconds earlier than the information: Cease buying and selling a specified variety of seconds earlier than the information launch.
- Cease commerce X seconds after the information: Cease buying and selling a specified variety of seconds after the information launch.
- Present timer earlier than and after information: Show a timer for the period earlier than and after the information occasion.
- Interval information updates in seconds: Set the interval for information updates in seconds.
11. Handle Others
- Max Unfold (in Pips): Set the utmost allowable unfold in pips.
- Max Slippage (in Pips): Outline the utmost allowable slippage in pips.
- Coefficient (if Freeze=0 Or StopsLevels=0): Enter a price to anticipate risky market situations the place the dealer could improve the freeze stage and cease stage.
- Magic Quantity: The EA makes use of this quantity to establish open positions, making certain it manages solely its personal trades.
Prop Agency:
Please test your prop agency guidelines earlier than shopping for this EA.
- There are some prop companies that don’t permit stacked/a number of positions. Resolution: It’s possible you’ll solely be capable of activate 1-2 methods or use increased timeframes and intervals to anticipate Gold Hype opening a number of positions on the identical time or in shut proximity.
- There are some prop companies that don’t permit buying and selling over information, resolution: you’ll be able to activate information filter.
- There are some prop companies that don’t permit holding trades over weekends, resolution: you’ll be able to activate time administration and solely commerce in the course of the Asian session on Fridays to keep away from the opportunity of holding positions over weekends.
- There are some prop companies that don’t permit earnings of greater than 30% in a single interval, resolution: you’ll be able to activate month-to-month goal administration.
Please test along with your prop agency guidelines and prop agency help earlier than utilizing this EA on totally different phases of prop agency accounts.