NEXT-GEN TRADER EA RECOMMENDED SETTINGS
These settings are the ones I use in the backtests and on my personal live trading.
Feel free to change the settings while testing to suit your needs.
EXNESS (or other broker that uses UTC time and adjust its time to DST)
EA Magic Number : 1
Fixed Lot Size : 0.01
Risk Percent per Trade : 1.0
Slippage Buffer in Point : 0
SL Mode : Minimum Value
Stop Loss in % of The Range : 0.3
Take Profit in % of The Range : 1.5
DST Adjust : true
Range Start (mins) after 00:00 : 300
Range Duration (mins) after Range Start : 240
Closing Time (mins) after 00:00 : 960
Range on Monday : true
Range on Tuesday : true
Range on Wednesday : true
Range on Thursday : true
Range on Friday : false
Trade on NFP day : true
Trade on CPI day : false
Trade on GDP day : true
Trade on Retail Sales day : true
Trade on PMI day : true
Trade on Trade Balance day : false
Trade on Jobless Claims day : true
Trade on PCE day : false
TSL Mode : TSL Inactive
Volume Multiplier for News Trading : 2.0
TSL Trigger RR : 1.0
TSL Step RR : 0.5
EA Magic Number : 2
Fixed Lot Size : 0.01
Risk Percent per Trade : 0.5
Slippage Buffer in Point : 0
SL Mode : SL Range Value
Stop Loss in % of The Range : 0.3
Take Profit in % of The Range : 1.5
DST Adjust : true
Range Start (mins) after 00:00 : 0
Range Duration (mins) after Range Start : 300
Closing Time (mins) after 00:00 : 960
Range on Monday : true
Range on Tuesday : true
Range on Wednesday : true
Range on Thursday : true
Range on Friday : false
Trade on NFP day : true
Trade on CPI day : false
Trade on GDP day : false
Trade on Retail Sales day : true
Trade on PMI day : true
Trade on Trade Balance day : false
Trade on Jobless Claims day : true
Trade on PCE day : true
TSL Mode : TSL Inactive
Volume Multiplier for News Trading : 2.0
TSL Trigger RR : 1.0
TSL Step RR : 0.5
ICMarkets or OctaFX (or other broker that uses UTC+2 time and DOES NOT adjust its time to DST)
EA Magic Number : 1
Fixed Lot Size : 0.01
Risk Percent per Trade : 1.0
Slippage Buffer in Point : 0
SL Mode : Minimum Value
Stop Loss in % of The Range : 0.3
Take Profit in % of The Range : 1.5
DST Adjust : false
Range Start (mins) after 00:00 : 420
Range Duration (mins) after Range Start : 240
Closing Time (mins) after 00:00 : 1080
Range on Monday : true
Range on Tuesday : true
Range on Wednesday : true
Range on Thursday : true
Range on Friday : false
Trade on NFP day : true
Trade on CPI day : false
Trade on GDP day : true
Trade on Retail Sales day : true
Trade on PMI day : true
Trade on Trade Balance day : false
Trade on Jobless Claims day : true
Trade on PCE day : false
TSL Mode : TSL Inactive
Volume Multiplier for News Trading : 2.0
TSL Trigger RR : 1.0
TSL Step RR : 0.5
EA Magic Number : 2
Fixed Lot Size : 0.01
Risk Percent per Trade : 0.5
Slippage Buffer in Point : 0
SL Mode : SL Range Value
Stop Loss in % of The Range : 0.3
Take Profit in % of The Range : 1.5
DST Adjust : false
Range Start (mins) after 00:00 : 120
Range Duration (mins) after Range Start : 300
Closing Time (mins) after 00:00 : 1080
Range on Monday : true
Range on Tuesday : true
Range on Wednesday : true
Range on Thursday : true
Range on Friday : false
Trade on NFP day : true
Trade on CPI day : false
Trade on GDP day : false
Trade on Retail Sales day : true
Trade on PMI day : true
Trade on Trade Balance day : false
Trade on Jobless Claims day : true
Trade on PCE day : true
TSL Mode : TSL Inactive
Volume Multiplier for News Trading : 2.0
TSL Trigger RR : 1.0
TSL Step RR : 0.5
Or use the setfiles attached.
Have fun!