SilverEdge Scalper Inputs Description

General Settings

• Main Magic Number: 12345
  A unique identifier for trades opened by this EA, ensuring no conflicts with other trading systems.
• EA Commentary: “SilverEdge Scalper”
  Custom label or comment attached to each trade for easy identification.

Takeprofit and Stoploss Settings

• SL & TP Method: dynamic
  Defines whether stop-loss and take-profit levels are fixed or dynamic based on indicators.
• Fixed Stoploss (Points): 250
  Sets a fixed stop-loss in points.
• Fixed Takeprofit (Points): 250
  Sets a fixed take-profit in points.
• Auto Stoploss Ratio (ATR): 4
  Multiplies ATR values to calculate dynamic stop-loss (-1 disables).
• Auto Takeprofit Ratio (ATR): 4
  Multiplies ATR values to calculate dynamic take-profit (-1 disables).
• Extra Stoploss (Pips): 0
  Adds extra pips to the calculated stop-loss.
• Extra Takeprofit (Pips): 0
  Adds extra pips to the calculated take-profit.
• Limit Maximum SL: false
  Disables limiting the stop-loss to a maximum value.
• Maximum SL (Pips): 30
  Caps the stop-loss to this value when enabled.
• Adjust Lot Based on Maximum SL: false
  Prevents automatic lot adjustment when maximum SL is active.

Risk Settings

• Lot Calculation Method: baseonbalance
  Determines how lot sizes are calculated (e.g., balance, fixed lot, etc.).
• Risk Per Trade (%): 0.5
  Specifies the percentage of the account balance at risk per trade.
• Fixed Lot Size: 0.1
  Assigns a static lot size for trades.
• Lot per Balance Size: 1000
  Uses a fixed lot size relative to account balance increments.
• Currency Amount Value: 10
  Sets a fixed lot size based on a specific currency amount.
• Maximum Lot Size: 60
  Caps the maximum allowable lot size.
• Minimum Lot Size: 0.01
  Sets the minimum allowable lot size.
• Decrease Lot After Loss (%): 0
  Reduces lot size by this percentage after a losing trade to minimize risk.

Signal Settings

• Max Number of Trades: 99
  Limits the number of simultaneous open trades. Disabled when martingale is active.
• Maximum Spread Allowed (Points): 500
  Prevents trades when spreads exceed this value.
• Trade Direction: both_way
  Allows trades in both long and short directions.

Order Management

• Split Orders for TP: false
  Disables splitting orders into smaller positions with staggered take-profits.
• Number of Split Orders: 3
  Number of trades when order splitting is enabled.

Same Order Settings

• Single Trade Per Symbol: true
  Restricts the EA to one open trade per currency pair at a time.
• Minimum Distance Between Trades (Points): 100
  Sets a minimum gap between trades on the same pair.
• Allow Hedging: false
  Prevents simultaneous long and short positions.

Trading Hour Settings

• Start Time: “00:02”
  Trading session start time.

• End Time: “23:59”
  Trading session end time.

• Trading Days:

  • Monday: true
  • Tuesday: true
  • Wednesday: true
  • Thursday: true
  • Friday: true

• Specific Day Time Settings:
  Hour and minute settings for starting and ending trades each day. Defaults disable trading outside defined hours.

Signal Additional Filters

• RSI Filter: false
  Option to filter signals using RSI.

  • RSI Period: 7
  • RSI Timeframe: H4

• PSAR Filter: false
  Filters trades using the Parabolic SAR indicator.

  • Step: 0.02 , Max: 0.2
  • Timeframe: H4

• MACD Filter: false
  Filters trades using MACD.

  • Fast EMA: 12 , Slow EMA: 26 , Signal SMA: 9
  • Timeframe: H4

• Bull/Bear Power Filter: false
  Filters trades using bullish and bearish strength indicators.

Proprietary Firms Options

• FTMO Randomizer: false
  Adds random offsets to TP and SL values for proprietary firm accounts.
• Max Daily Loss (Currency): 500
  Prevents new trades if daily losses exceed this value.
• Max Daily Losing Trades: 10
  Stops trading after exceeding this number of losing trades in a day.
• Pause After Loss (Bars): 0
  Halts trading for a specified number of bars after a losing trade.

News Filter

• Enable News Filter:
  • High Impact: false
  • Medium Impact: false
  • Low Impact: false
    Avoids trading during scheduled economic news releases.
• Avoid Hours Before News: 1
• Avoid Hours After News: 1

Closing Based on Drawdown

• Max Drawdown Allowed (%): 60
  Stops opening new trades when drawdown exceeds this percentage.
• Close Trades on Max Drawdown: false
  Closes all open trades when the drawdown threshold is hit.

Closing Based on Daily Target

• Daily Profit Target (%): 0
  Halts new trade entries upon reaching this daily profit percentage.
• Close All Trades on Target Hit: false
  Closes all trades upon hitting the daily profit goal.

Closing Based on Time

• Close on Friday at Hour: -1
  Specifies the hour to close all trades before the weekend (-1 disables this feature).

Trailing Stop Settings

• Enable Trailing Stop: false
  Activates the trailing stop functionality.
• Trailing Method: trbyfixed_distance
  Determines the type of trailing stop (fixed distance, ATR, etc.).
• Remove TP After Trailing Starts: false
  Deletes the take-profit level once the trailing stop is active.

Closing Part of Order Settings

• Close Part of Order and Trail Rest: false
  Partially closes a trade and trails the remaining lot.
• Percentage to Close: 50
  Specifies the portion of the trade to close when trailing begins.

Fixed Pip Trail Settings

• Trailing Start (Pips): 10
  Begins trailing after this profit level is reached.
• Trailing Distance (Pips): 7
  Maintains this distance between price and the stop-loss.
• Trailing Step (Pips): 1
  Adjusts the stop-loss in steps of this value.

ATR-Based Trail Settings

• ATR Period: 14
  Number of periods for ATR calculation.
• ATR Timeframe: Current
  Timeframe used for ATR values.
• ATR Multiplier: 1.5
  Determines the trailing stop distance based on ATR values.

PSAR-Based Trail Settings

• PSAR Step: 0.02
  Parabolic SAR step value for trailing stop.
• PSAR Maximum: 0.2
  Parabolic SAR maximum value.
• PSAR Timeframe: Current
  Timeframe used for PSAR-based trailing.

Ratio-Based Trailing Settings

• Trailing Ratio: 1
  Ratio of stop-loss distance to begin trailing.
• Start After Ratio: 0.5
  Specifies when trailing begins relative to the stop-loss ratio.

Moving Average-Based Trailing

• Moving Average Period: 30
  Period of the moving average used for trailing.
• Moving Average Method: EMA
  Type of moving average calculation.

Last Candle High/Low Trail Settings

• Candle Timeframe: Current
  Timeframe of the candle used for trailing stop levels.

Profit-Based Trail Settings

• Start Trail Profit: 1.5
  Profit level at which trailing begins.
• Step Trail Profit: 0.1
  Incremental step for adjusting trailing stop levels.
• Distance Trail Profit: 1
  Distance to maintain between trailing stop and price.

Breakeven Settings

• Enable Breakeven: false
  Turns on breakeven functionality.
• Breakeven Start Distance (Pips): 100
  Initiates breakeven at this profit level.
• Breakeven Extra Pips: 0
  Adds extra pips to breakeven levels.

Martingale Main Settings

• Enable Martingale: false
  Activates the martingale strategy for position sizing.
• Martingale Start Method: by_atr_based
  Sets the distance calculation method for martingale entries.
• Takeprofit Method: average
  Method for calculating take-profit across all martingale trades.
• TP Distance Percentage: 70
  Percentage of distance between new and last orders for TP calculation.