Manual Guide
Settings:
Money Management
Effective capital management requires ongoing monitoring, regular reassessment, and adjustments to ensure your investments remain aligned with your long-term financial objectives. You have access to eight different risk levels to help you tailor your investment strategy. Apart from managing risks, you have the option to establish a drawdown limit as a percentage of your account balance. Upon reaching the designated drawdown, all open orders will be closed.
To facilitate currency exchange for accounts with JPY deposits, it’s important to specify the correct currency symbol in you settings of EA. To do so, enter the appropriate pair, USDJPY, in the EA settings labeled “Exchange Rate Symbol for ‘JPY’ Deposit.”
News Filter (Avoid unfavorable trades)
Allows the Expert Advisor to avoid unfavorable trades during periods of high market volatility. By setting a threshold, the EA will refrain from executing trades when the market experiences excessive price fluctuations, reducing the risk of unexpected losses. A news filter are not entirely prevent the initiation of new trades, instead, it becomes more vigilant in observing the market to prevent the initiation or closure of trades with price slippage. It aims to steer clear of unwarranted entries or exits from the market by exercising increased scrutiny. The news filter utilizes the Economic calendar integrated into the terminal, eliminating the need for external third-party services. The news filter doesn’t function during testing in the Strategy Tester.
Time Settings
Configuring the time zone enables adjustment of the operational mode based on the broker’s time. In general, there’s usually no need to modify this setting as the majority of brokers follow a consistent time zone Greenwich Mean Time (GMT) + 2 in winter time. No adjustments to these settings are necessary when Daylight Saving Time (DST) is in effect.
Avoid Christmas trading
Strategic Trading Pause: Safeguard your portfolio by activating the “Avoid Christmas trading” setting, during the Christmas trading period from December 15 to January 15. This precautionary measure helps mitigate the heightened unpredictability of the market during this timeframe, reducing the risk of unexpected fluctuations.
Avoid running two expert advisors simultaneously on the same trading account, as they may conflict with each other’s operations!
Please feel free to contact me for support at any time.
I am here to help you and ensure that your experience with me is seamless and positive.
Wish you success in your trading.