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The Indicator Automator for MT5 is a versatile MT-5 Skilled Advisor focusing on the buying and selling technique improvement and the automated buying and selling primarily based on as much as 4 exterior indicators.
Parameters:
Cash Administration:
|
Parameter |
Description |
Vary |
|
Lot dimension |
Lot dimension for entry commerce |
Will depend on dealer and account stability |
|
Quantity Mode |
Technique for setting the commerce quantity |
|
|
Danger per commerce |
Outline most allowed danger per commerce |
>0 |
|
Buying and selling Mode |
Allowed Buying and selling modes.
|
|
Remark: In case of dynamic lot sizing the minimal and maximal lot sizes will mechanically be thought of set in line with dealer coverage. Dynamic lot sizes will not be supported in case of activated grid technique (Part Commerce Administration, max. variety of trades).
Indicator Settings (Indicators 1-4):
|
Parameter |
Description |
Vary |
|
Indicator identify |
Defines the indicator identify and site |
The indicator have to be accessible in a listing or subdirectory beneath the MQL5Indicators folder, see additional remark under. |
|
Sign Channel |
Outline which output sign to make use of |
In case the indicator has just one output the setting is 0, in case of a number of output channels the index have to be elevated accordingly. The setting is determined by the particular indicator used (output channels will be checked on the info window in MT5 terminal) |
|
Overwrite Parameters |
Activate / De-Activate the overwriting of indicator settings |
Some indicators don’t assist parameter overwriting, in case of an indicator load error deactivate this setting. |
|
Parameter 1-3 |
These parameters permit to overwrite the default settings of the indicator |
The vary is determined by the particular indicator used, these parameters can be modified within the technique tester. |
Remark: If the indicator identify begins with the reverse slash ”, the EX5 indicator file is looked for relative to the MQL5Indicators indicator root listing. If the trail doesn’t begin with ”, the indicator is searched and downloaded as follows: First, the indicator EX5 file is looked for within the folder the place the EX5 file of the calling program is positioned. If the indicator will not be present in the identical listing, the search is carried out relative to the MQL5Indicators indicator root listing.
Instance: Use of the RSI-Indicator MQL5IndicatorsExampleRSI.ex5: EA configuration: ExamplesRSI
For understanding the indicator settings please test the applying examples.
Commerce Entry:
|
Parameter |
Description |
Vary |
|
Execution Mode |
Outlined it the checks are executed with each tick or upon completion of a candle |
The setting is determined by the indications and technique. Tick primarily based execution could cause heavy CPU load. |
|
Purchase / Promote Entry |
Outline the entry logic for purchase and promote |
Indicator 1 < threshold Indicator 1 > threshold Indicator 2 < threshold Indicator 2 > threshold Indicator 1 > Indicator 2 Indicator 1 < Indicator 2 Shut Worth < Indicator 1 Shut Worth > Indicator 1 Shut Worth < Indicator 2 Shut Worth > Indicator 2 |
|
Purchase / Promote Threshold |
Threshold setting for entry |
Vary is determined by particular indicator |
|
Purchase / Promote further test |
Optionally available second entry test |
Indicator 3 > threshold Indicator 3 < threshold |
|
Purchase / Promote further test threshold |
Threshold for second entry test |
Vary is determined by particular indicator |
Commerce Exit Cash Administration Methods:
|
Parameter |
Description |
Vary |
|
Shut on reverse entry sign |
Promote sign closes purchase trades, purchase sign closes promote trades |
True / False |
|
Shut on Revenue Goal |
Closes trades if revenue goal is met |
True / False |
|
Revenue goal |
Revenue goal in factors |
>0 |
|
Exit on cease loss |
Shut trades on cease loss |
True / False |
|
Cease loss |
Cease loss in factors |
>0 |
|
Digital trailing cease |
Activate the digital trailing cease |
True / False |
|
Trailing cease mode |
Choose mode for digital trailing cease |
ATR Bases Factors |
|
Trailing cease factors |
Set the factors for the digital trailing cease |
>=0 |
|
ATR Issue |
Multiplicator on ATR for trailing cease threshold |
>=1 |
Remark: In case of grid configuration the digital trailing cease tracks the best / lowest entry and closes all positions if trailing cease factors is hit.
Commerce Administration:
|
Parameter |
Description |
Vary |
|
Most variety of trades in every course |
Settings >1 prompts the grid and martingale methods |
>0, limitations in line with chosen dealer may apply |
|
Preliminary minimal factors distance for rollover trades |
Minimal factors distance for subsequent entry |
>=0 |
|
Issue for factors distance enhance |
Issue for a progressive distance enhance |
>=1 |
|
Enhance Issue lot dimension for extra rollover trades |
Issue for a progressive lot dimension enhance. With an element set to 1 no |
>=1 |
|
Open trades interval to extend to subsequent Lot Dimension |
Interval for lot dimension enhance |
>=1 |
|
Distance between enhance trades |
Units the minimal distance between enhance trades |
>=1 |
Basic:
|
Parameter |
Description |
Vary |
|
Magic |
Set Magic Quantity for this EA |
Use completely different Magic numbers in case EA is used on completely different symbols on the identical account |
|
Execution Mode |
Outlined it the checks are executed with each tick or upon completion of a candle |
The setting is determined by the indications and technique. Tick primarily based execution could cause heavy CPU load. Not all indicators ship cheap alerts in tick mode |
|
Order Remark |
Set Order Remark |
Choose pre-defined feedback of enter in free textual content discipline |
|
Free Remark |
Enter a free textual content for order remark |
Remark restricted to 32 characters |
|
Show commerce statistics |
Prompts remark part on the chart |
True / False |
|
Show patterns in chart |
Prompts show of recognized patterns on the chart |
True / False |
|
Show colour |
Shade for sample show |
Selction Field |
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