- 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-B Expert Advisor will handle a position until its age is >= handling_Time.
Say if Handling_Time=120, then if a opened position by Forex-Sugar-File-A is greater
than 120 minutes old then only it will be handle by this Forex-Sugar-File-B Expert
Advisor.
- Lots_Multiplier: ⇨
If it is 2, then subsequent lots will open in multiplication of this factor. Say
if first position which is handling by this EA is of 0.02 lots size, and if EA needs
to open further position, then it will be of 0.02x2=0.04 lots size and so on ...
...
- Distance: ⇨
It is the distance in pips between 2 successive positions.
If you set it 23, then on 4digit brokers it is 23pips and on 5digit brokers it is
automatically as 230 pips.
- Distance_Multiplier: ⇨
If it is 1.2, then subsequent positions will open at distance equals to above parameter
Distance multiplied by this parameter. Say if EA needs to open
second position and Distance=23 then its distance from first position
will be calculate as, 23x1.2=28.
- 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 75, then on 4digit brokers it is 75pips and on 5digit brokers it is
automatically as 750 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 300, then on 4digit brokers it is 300pips and on 5digit brokers it
is automatically as 3000 pips.
- Dynamic_TP: ⇨
It's default value is TRUE. If it is true then EA can close positions in profit
according to technical indicators and irrespective to the above parameters- Visible_Take_Profit_Pips
& Internal_Take_Profit_Pips.
- Dynamic_TP_Starts_After: ⇨
If Dynamic_TP=True, and Dynamic_TP_Starts_After=4, then Dynamic_TP
functionality will start to work only after 4th position, i.e. from 5th position.
- Dynamic_TP_Factor: ⇨
It's default value is 1.3. It's bigger value means positions will close on small TP
and vice versa.
- Profit: ⇨ If
it is 0 then this parameter will be automatically calculated by EA & you can see
its value on the chart. This is the value in USD (depends upon your account currency).
If there is only one opened position and its profit is equal to this parameter's
value, then EA will close this position.
- Profit_Multiplier: ⇨
Its default value is 1.1. Let us consider its value is 2.0 so now suppose there
is only 1 open position in your MT4 then above defined parameter Profit will has
its default value. In another scenario if there are 2 open positions by this EA
in your MT4 then value of the above Profit parameter will be ProfitX2,
similarly if there are 3 positions then Profit parameter will be
valued to ProfitX2X2. Now when all opened positions cumulatively comes in profit
equal to this new Profit value, then EA will close all of them.
- Hourly_Incre_Percent: ⇨
It's default is 0.005
It is the percentage of Account balance. Say if your account balance is USD1000,
then 1000X0.005/100=USD0.05. So this is the value which you should earn at least hourly
by this EA. So EA considers this amount all time in its calculations.
- Maximum_Lots: ⇨
It is maximum value of Lots size which you can see in your account by the EA. If
it is 0.0 then it is automatic calculated and its calculated value can be seen on
the chart.
- Total_Positions: ⇨
It is the total maximum number of buy+sell positions which EA is allowed to open.
- Reset_Days: ⇨
Here you can specify the number of days. If any trade by EA is being old equivalent
to ResetDays then EA will close out all positions and will fresh start.
[Default value is 90 Days]
- Reset_Profit: ⇨
[this is the percentage of account balance] Say ResetProfit=1 so now if all positions
by ForexSugar EA is greater than or equal to AccountBalance X 1 /100 in
profit, then EA will close out all positions and will fresh start.
- Reset_Loss: ⇨
[this is the percentage of account balance] Say ResetLoss=20 so now if all positions
by ForexSugar EA is greater than or equal to AccountBalance X 20 /100 in
loss, then EA will close out all positions and will fresh start.
- 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 and Time frame: Must be same which you are using for Forex_Sugar-File-A
- Click here for parameters for File-A
If there is any doubt then please contact us at
fs.brian.jones@gmail.com or through
this Contact Form.