- File_A_Magic_Number ⇨
This EA uses Magic number, so it can be used with other EAs or you can do manual
trading as well in your account, this EA will not interfere in other tradings because
of its Magic Number. This is the Magic Number of File-A.
- File_B_Magic_Number ⇨
This is the Magic Number of File-B.
- Handling_Time ⇨
Its value is in minutes.
Forex-Sugar-File-A Expert Advisor will handle a position until its age is <= Handling_Time.
Say if Handling_Time=120, then if a opened position is less than 120 minutes old,
only then it will be handled by this Forex-Sugar-File-A Expert Advisor.
If a position gets older than 120 minutes then it will be handled by Forex-Sugar-File-B
Expert Advisor.
- Unlock_Code ⇨
If you use this EA on DEMO accounts then you are not required Unlock_Code. It is
mandatory to use EA on LIVE account only. This Unlock_Code can be obtained inside
your member's area. Click here to get access
to member's area.
- Automatic_Lots ⇨
If it is true then EA will calculate Lots size automatically as per the following
parameter Equity_for_Lots. If you want to use EA with
your desired fixed lots size then you set this parameter FALSE and then set the
parameter Lots.
- Equity_for_Lots ⇨
This parameter works only when Automatic_Lots=TRUE. If Equity_for_Lots=0.5 then
EA will use 0.5% of Account Equity to open Lots size.
- Lots ⇨ This
parameter works only when Automatic_Lots=FALSE. If Lots=0.10 then EA will trade
on fixed 0.10 lots size.
- Maximum_Spread ⇨
Default is 3.0; if your broker is 4-digit then it is 3.0 pips, but if your broker
is 5-digit then it will be internally automatic consider 30.0 pips. EA will work
only when current spread is less than or equal to Maximum_Spread.
- Maximum_Stoplevel ⇨
Default is 3.0; if your broker is 4-digit then it is 3.0 pips, but if your broker
is 5-digit then it will be internally automatic consider 30.0 pips.
EA will work only when stop level is less than or equal to Maximum_Stoplevel.
What is StopLevel: In MetaTrader, the freeze_level/SopLevel
is the minimum distance in pips, measured from the current spot price (Bid/Ask),
to be attained to trigger a temporary ban on modifying, deleting or closing the
orders, which are near to execution. Thus, a pending order, which is away from the
current market price at a distance equal to or within the freeze_level/SopLevel
, cannot be modified, deleted or prematurely closed.
- Total_Positions ⇨
This is the limit for total number of positions opened by File-A.
- Visible_Take_Profit_Pips ⇨
This is TP which will be set to trade and is visible in your MT4.
If you set it 150, then on 4digit brokers it is 150pips and on 5digit brokers it
is automatically as 1500 pips.
- Visible_Stop_Loss_Pips ⇨
This is SL which will be set to trade and is visible in your MT4.
If you set it 500, then on 4digit brokers it is 500pips and on 5digit brokers it
is automatically as 5000 pips.
- Internal_Take_Profit_Pips
⇨ This is internal/hidden TP. If this TP value is lower than Visible_Take_Profit_Pips
then EA will close position at this TP, you and your broker can not see this TP.
If you set it 5, then on 4digit brokers it is 5pips and on 5digit brokers it is
automatically as 50 pips.
- Internal_Stop_Loss_Pips ⇨
This is internal/hidden SL. If this SL value is lower than Visible_Stop_Loss_Pips
then EA will close position at this SL, you and your broker can not see this SL.
If you set it 100, then on 4digit brokers it is 100pips and on 5digit brokers it
is automatically as 1000 pips.
- Trailing_Stop ⇨
Trailing pips. EA starts to Trail a position after these pips.
- Comments ⇨
This is the text attached with each trade.
- Monday, Tuesday, Wednesday,
Thursday, Friday: ⇨ If you don't want to trade EA any weekday then
set to FALSE. But EA will continue to manage already opened positions if any.
- ALL DEFAULT
SETTINGS ARE STRONGLY RECOMMENDED.
Recommended Currency Pair: EURUSD
Time frame: 1-Minute
- Click here for parameters for File-B
If there is any doubt then please contact us at
fs.brian.jones@gmail.com or through
this Contact Form.