1. Introduction

MoonWalker EA is an clever foreign currency trading advisor particularly designed for MetaTrader 4 and MetaTrader 5 platforms. It adopts an evening scalping technique with wonderful breakout efficiency and actual account efficiency, buying and selling one order at a time, with out utilizing martingale or grid methods. This technique achieves decrease threat and better chance of returns by buying and selling throughout nighttime hours when market volatility is decrease. MoonWalker EA has a superb efficiency in threat administration. Nevertheless, please observe that investments all the time carry dangers, and this guide doesn’t contain any revenue commitments.

2. Platform

MoonWalker EA is appropriate for MetaTrader 4 and MetaTrader 5 buying and selling platforms.

MT4 buy hyperlink: https://www.mql5.com/en/market/product/86388

MT5 buy hyperlink: https://www.mql5.com/en/market/product/85731

3. Set up

Open the MetaTrader 4 / 5 platform.

Click on on “View” within the high menu bar, after which choose “Toolbox”. The Toolbox window will seem on the backside of the platform.

Within the Toolbox window, discover and click on the “Market” tab.

Below the “Market” tab, seek for “MoonWalker EA”, discover the corresponding EA, and click on to buy.

After a profitable buy, the EA will routinely be added to the “Professional Advisors” listing within the “Navigator” window.

Drag the “MoonWalker EA” onto the chart the place you need to apply the EA.

4. Options

• Absolutely automated mode
• Month-to-month automated switching of forex pairs
• Computerized detection of time zones and daylight saving time
• One order at a time, no martingale or grid methods
• Maximize avoidance of slippage by means of pending orders
• Superior algorithms for monitoring positions, modifications, and exits
• A number of exit mechanisms
• Excessive revenue/loss ratio technique
• Strict use of stop-loss administration, making certain each commerce is protected prematurely
• Run a number of forex pairs with only one set up on a single chart

5. Parameter Settings

     1.Technique settings:

1.1 Symbols listing [with suffix if it has] – Record of buying and selling devices: If you don’t use the “Full Auto Commerce” mode and need to commerce a number of devices, it’s essential to fill within the buying and selling devices on this column. If there’s a suffix, it should be stuffed in as effectively.

1.2 Full Auto Commerce Mode – Full automated buying and selling mode: Activate this feature to routinely choose a number of buying and selling devices and change them month-to-month based mostly on their efficiency. Activating this feature will disregard the parameters within the “Symbols listing”.

1.3 Fill image suffix if it has – In “Full Auto Commerce Mode”, if the instrument has a suffix, it must be stuffed in.

1.4 Max Symbols at a time – Most variety of devices that may be held on the similar time: No new orders can be positioned when the utmost worth is reached.

1.5 Lot-sizing Methodology – Buying and selling lot calculation methodology: FixedLot will use a set lot dimension for buying and selling, whereas AutoLot will calculate the lot dimension routinely based mostly on the stability.

1.6 Fastened lot – Measurement of the mounted lot.

1.7 Auto lot (stability based mostly) – Base for calculating the automated lot dimension: For instance, Fastened lot = 0.01, Auto lot (stability based mostly) = 100, the calculation methodology is 0.01 tons per $100.

Excessive-risk settings: 0.01 lot per $20

Medium-high threat settings: 0.01 lot per $20 – $100

Low-risk settings: 0.01 lot per $100 and above

1.8 Stoploss in pips – Compelled cease loss in pips.

1.9 Max floating drawdown [1 means 100%] – Most floating drawdown ratio: positions can be pressured to shut if the ratio is exceeded.

1.10 Filter stage [1–extreme] – Market filtering stage: 1 is the best filtering stage, which can scale back the variety of orders when the market is extremely risky.

1.11 Slippage in pips – Allowed slippage when inserting orders.

1.12 Shut all trades with revenue when the top? – When the buying and selling is over, if there may be floating revenue, ought to all orders be closed? It is strongly recommended to allow this function to cut back dangers.

2. Time settings:

2.1 Auto GMT detection – Computerized GMT detection: will be manually turned off, this feature will have an effect on the buying and selling begin time.

2.2 Server GMT – Server GMT timezone: In case you disable the above GMT auto-detection, it’s essential to enter the GMT timezone right here. This selection will have an effect on the buying and selling begin time.

2.3 Commerce period hours – Commerce period: The default is 2 hours; after 2 hours, no new orders can be positioned, and all pending orders can be canceled.

2.4 Max hours holding a place – Most hours to carry a place: positions can be pressured to shut after the required variety of hours.

2.5 Commerce on Friday – Ought to positions be held on Fridays? Disabling Friday buying and selling will scale back the danger of carrying positions over the weekend, however earnings can even lower.

3. Different settings:

3.1 Magic quantity – A magic quantity to tell apart the EA from others.

3.2 Remark – Feedback for every order.

Based mostly on the supplied parameter settings, you’ll be able to regulate them in keeping with your buying and selling wants and threat tolerance. Earlier than utilizing MoonWalker EA for precise buying and selling, please be sure that to totally perceive and take a look at all parameters to make sure the EA runs as anticipated.

It is strongly recommended to observe these finest practices when utilizing MoonWalker EA:

1. Use low-risk settings to reduce potential losses.

2. Select acceptable buying and selling devices, making certain they’ve good liquidity and volatility.

3. Regulate market dynamics, adjusting EA parameters as obligatory.

4. Recurrently consider the efficiency of the EA, adjusting parameters and methods as wanted.

     

     6.Testing

Earlier than precise operation, it’s endorsed to carry out backtestingusing historic knowledge to judge the efficiency of MoonWalker EA. You need to use the “Technique Tester” within the MetaTrader platform for backtesting. After conducting preliminary checks, you’ll be able to regulate the parameters based mostly on the outcomes to optimize efficiency.

     7.Regularly Requested Questions (FAQ)

This part can be added after gathering potential questions and their options that customers might encounter.

     8.Disclaimer and Danger Warning

Earlier than buying and selling with MoonWalker EA, please be sure to absolutely perceive the dangers related to the foreign exchange market. Buying and selling foreign exchange and different monetary merchandise might outcome within the lack of half or all your funding. Ensure you perceive the dangers concerned and search skilled recommendation if obligatory. This consumer guide solely gives data associated to MoonWalker EA and doesn’t represent funding recommendation. MoonWalker EA will not be accountable for any losses ensuing from the usage of this product. All customers ought to make cautious choices and assess dangers based mostly on their monetary scenario, funding targets, and threat tolerance earlier than utilizing MoonWalker EA.