If you use this EA on Demo accounts, then just ignore this parameter. But to use
EA on Live account you need to correctly input this parameter. Key is specific for
your live account number. You can make KEY for your live account inside your client area.
This EA reacts on news, so this parameter must be correct. You can ask your broker
for his GMT Offset. For eg, ICMarkets GMT offset is 3.0
Hedging_Allowed=true ⇨ If your
broker doesn't allow hedging, then you can set it False.
Automatic_Lots=true ⇨ If it is
true then EA will calculate Lots size automatically as per the specified percentage
of account equity.
this parameter works only if above parameter Automatic_Lots=True.
Fixed_Lot_Size=10.0 ⇨ If Automatic_Lots=False
then this will be the fixed value of Lots.
Maximum_Spread_Pips=20 ⇨ If current
spread is more than this value then EA will not place trades.
If Stoplevel/freeze level is more than this value, then EA will not place trades.
Stoploss=3000 ⇨ This is the value
of Stoploss in Points (3000 Points on 5 digits broker = 300 Pips on 4 digits broker).
Takeprofit=1500 ⇨ This is the
value of Takeprofit in Points (1500 Points on 5 digits broker = 150 Pips on 4 digits
Total_Positions=3 ⇨ This is the
maximum number of positions can be opened by this EA. But successive position(s)
will not be of same Lots size. Lots size will be increasing. For eg. if 1st position
is of 2.0 Lots size, then 2nd will be of 2x2.0=4.0 Lots size, and 3rd will be of
3x2.0=6.0 Lots zie and so on ...
Automatic_Close=true ⇨ If this
is true then will not monitor TP/SL, EA will close position(s) either in loss or
in profit according to signals only.
MagicNumber=121314 ⇨ EA recognizes
it's trades by using this magic number. So if you are using other EAs too in same
account then all EAs must have unique magic number.
News_Low_Impact=true ⇨ If it
is true, only then EA will react on Low Impact News.
News_Medium_Impact=true ⇨ If
it is true, only then EA will react on Medium Impact News.
News_High_Impact=true ⇨ If it
is true, only then EA will react on High Impact News.
News_Prior_Minutes=30 ⇨ If it
is 30, then EA starts reacting on news 30 minutes earlier from the news event.
News_After_Minutes=30 ⇨ If it
is 30, then EA will react on news until 30 minutes later from the news event.
Trade_Life_Minutes=1440.0 ⇨ If
a Trade(executed order) is getting older than 1440 minutes, then it will be closed
Comments=FxSug4 ⇨ This is a text
string attached to each order by EA.
Monday=true ⇨ You can set to
trade on Monday=True/False.
Tuesday=true ⇨ You can set to
trade on Tuesday=True/False.
Wednesday=true ⇨ You can set
to trade on Wednesday=True/False.
Thursday=true ⇨ You can set to
trade on Thursday=True/False.
Friday=true⇨ You can set to trade