RangeMaster FX User Guide

Strategy Overview and Parameter Settings

Chinese version user guide is available at the end（最后有中文说明版本）

Product Link：  https://www.mql5.com/en/market/product/125733

You can use any time frame. This strategy operates on the principle of “small fluctuations, large lot sizes.” To accommodate clients with low leverage, the default setting is lower lot sizes, keeping the risk relatively low. It is recommended to set the Compound Multiplier between 20 and 200. Even with the default setting of 20, the strategy has achieved 30x returns between 2020 and 2024. The long-term compounding effect of high-frequency strategies is quite impressive.

However, it is important to note that excessively large lot sizes may cause slippage, and the severity of this issue varies across different platforms. To mitigate this, we employ a batch entry method. If the backtest period is too short, you can increase the Compound Multiplier to enhance backtesting results. If no orders are generated, reducing this value may help.

Once loaded, the main window will display the account leverage. For leverage below 1:30, the Compound Multiplier should be set to less than 20. For leverage below 1:100, it should be less than 80. Lower leverage will increase margin usage, which could result in insufficient available funds, preventing the system from placing orders.

Due to the uniqueness of this strategy, some standard platform account types may perform poorly. Only ECN accounts or platforms with low spreads and high liquidity can generate profits. Generally speaking, accounts that can profit using the “Every tick based on real ticks” mode are likely to achieve similar results in live trading, with performance being very close.

There are many such platforms available. For reference, we provide a signal monitoring account that you can log into for viewing and backtesting:

• Login: 7280630
• Investor: f$XvTE4HiM4$ND
• Server: ICMarketsSC-MT5-2

If you already know how to log in to the monitoring account or do not need our monitoring account for backtesting, you can skip this step. (Step images are at the end)

Parameter Explanation:
Non-numerical parameters usually allow double-clicking the parameter value to open a drop-down option.

• note: Meaningless parameter, can be used for annotations, etc.
• Auto GMT: Important parameter, default is enabled. The EA is time-sensitive, and if the GMT is incorrect, the effect will be very poor. However, thanks to our efforts in development, the automatic GMT recognition is highly accurate, so keeping it TRUE is generally fine.
• GMT: This takes effect when Auto GMT is set to FALSE. The EA will output the GMT information in the EA log once when loaded and at the start of each day.
• Daylight Saving Time: Daylight Saving Time switch, only takes effect when Auto GMT is disabled.
• Show order entry and exit points: When enabled, the EA will mark buy and sell positions with a thumbs-up icon. The tip of the thumb represents the entry point. Upward indicates a buy, and downward indicates a sell. If there is a discrepancy with the actual order point, it indicates slippage. Slippage occurs when the platform’s liquidity is insufficient, and long-term slippage may require reducing the order size. Additionally, the platform’s spread may widen during the EA’s trading hours, which is also a liquidity issue.
• Open Slippage: Slippage limit for buy orders, ineffective on some platforms.
• Close Slippage: Slippage limit for sell orders, ineffective on some platforms.
• Open position spread limit: Spread limit for opening positions.
• Close position spread limit: Spread limit for closing positions.
• FridayMethod: Friday order strategy, with three options: halve the usual order size, proceed as usual, or pause orders. Double-click the option to open the drop-down menu.