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This handbook describes the final traits of advisors:
AW ADX based mostly EA -> MT4 VERSION / MT5 VERSION
AW CCI based mostly EA -> MT4 VERSION / MT5 VERSION
AW Traditional MACD EA -> MT4 VERSION / MT5 VERSION
AW Envelopes EA -> MT4 VERSION / MT5 VERSION
AW Ichimoku EA -> MT4 VERSION / MT5 VERSION
AW Momentum EA -> MT4 VERSION / MT5 VERSION
AW Three MA EA -> MT4 VERSION / MT5 VERSION
AW Parabolic SAR EA -> MT4 VERSION / MT5 VERSION
AW RSI based mostly EA -> MT4 VERSION / MT5 VERSION
Technique:
All these merchandise share a standard job construction.
Knowledgeable Advisors commerce on the indicators of 1 commonplace traditional indicator, the identify of the indicator used is mirrored within the identify of every Knowledgeable Advisor.
Opening orders:
Orders are opened in accordance with the indicator indicators, every EA has totally different indicators. Yow will discover an in depth description of the indicators of a specific EA and the tactic for opening orders within the description of the chosen EA. Within the description of every adviser there’s a temporary description of the technique for opening orders. Indicator settings are adjusted within the Knowledgeable Advisors enter settings within the “SIGNALS” part.
For full-fledged work of the adviser, the dealer doesn’t want to attach the indicator individually, because the indicator is already constructed into the adviser. Nevertheless, indicator labels and contours should not displayed graphically when the EA is operating. That is completed to avoid wasting laptop assets. If you wish to show indicator traces and labels, then connect the indicator to the chart together with the EA. For the adviser to work, the indicator is configured contained in the adviser.
That’s, in case you set an indicator to show labels and contours, ensure that the indicator contained in the EA and the exterior indicator are configured in the identical approach.
Closing orders:
Orders are closed when the digital Take Revenue is reached.
If the worth goes within the flawed route, the EA makes use of the averaging mode. The hampers of orders are closed when the revenue is reached, and an overlap can be utilized to shut the primary and final orders within the basket extra rapidly.
Potentialities:
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Completely different buying and selling methods can be found:
1. Two approach commerce:
If you happen to use the chance to open OP_BUY and OP_SELL, then the adviser will commerce in each instructions.
On this case, upon receipt of bearish indicators, the adviser will make a sale.
Upon receipt of bullish indicators, the adviser will make a purchase order.
2. One-way buying and selling:
The EA can solely commerce on bullish indicators or solely on bearish indicators.
If you choose the “Enable to open OP_SELL orders ” mode, the EA will promote on bearish indicators and ignore bullish indicators.
When the “Enable to open OP_BUY orders” mode is enabled, the EA will purchase on bullish indicators, ignoring bearish indicators.
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Automated Threat Administration Adjustment:
The autolot operate works based mostly on two variables.
The primary variable is “Allow Autolot calculation” – enabling or disabling the operate of automated calculation of opened positions.
The second variable is “Autolot deposit per 0.01 heaps”. Because of this for every quantity specified on this variable there will probably be 0.01 heaps for the opening quantity of the primary order.
For instance: your deposit is 1000 {dollars}, within the variable “Autolot deposit per 0.01 heaps” you specified 1000. Because of this the primary order within the basket of orders will probably be opened with a quantity of 0.01 heaps, as quickly as your deposit will increase and turns into 2000 {dollars}, then the quantity the primary order within the basket will already be 0.02 heaps, and so forth, with a deposit of $3,000, the quantity of the primary order will probably be 0.03.
If you happen to specified 500 within the “Autolot deposit per 0.01 heaps” variable, and your present steadiness is $1,000, then the primary order will probably be opened with a quantity of 0.02. Additionally, in case your deposit subsequently decreases, then the quantity of the primary order can even lower in accordance with the setting.
When enabling the autolot function, the “Dimension of the order” variable is not going to work, as the quantity of the primary order will probably be versatile in accordance with your deposit.
Overlap Algorithm – that is the overlap of the primary order with the final one. It is a partial closure of a basket of orders in a single route. When utilizing the overlap operate, not your entire grid is closed, however solely the very first unprofitable order. The primary and final orders are closed utilizing the revenue of the latest order from the grid. Thus, the overall variety of orders decreases, in addition to the quantity of open lotage. One of these closing lets you partially shut the grid overcoming a smaller distance in factors.
Overlapping the primary order with the final one works when your entire place is unprofitable. If when the TakeProfit degree of the primary+final orders is reached, your entire place will probably be in optimistic territory, then the EA is not going to overlap, since it’s potential to shut your entire place.
If, upon reaching the TakeProfit degree of the primary + final orders, your entire place is within the crimson, the EA will shut the primary and final orders.
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Closings by digital take revenue :
Knowledgeable Advisors have a built-in digital TakeProfit, such TakeProfit is used not for every particular person order, however for a basket of orders in a single route from the breakeven value. Digital TakeProfit will not be seen to the dealer.
TakeProfit is measured in factors, ensure that the scale TakeProfit was higher than the unfold on the used instrument. The smaller the worth, the quicker the EA will be capable to shut open positions, however the smaller the revenue from every closure.
When an EA is faraway from the chart, the digital TakeProfit is eliminated together with the EA, as it’s a part of the EA. Digital TakeProfit is visually seen solely on the chart to which the Knowledgeable Advisor6 is connected, that’s, it is not going to be displayed within the cell terminal, or within the terminal launched elsewhere.
– Order multiplier. When used, every subsequent order within the order grid will probably be bigger than the earlier one by this issue.
When utilizing a small quantity of orders (for instance, 0.01) and a small quantity of the multiplication issue, the system additionally takes under consideration the variety of orders, which permits high-quality multiplication when it’s unimaginable to extend orders after primary normalization.
For instance: the variable ” Dimension of the primary order” makes use of the worth 0.01, and the variable “ Multiplier for common orders” makes use of the worth 1.3.
Then: the primary order within the basket will probably be opened with a quantity of 0.01, then the second order will probably be opened with a quantity of 0.01 * 1.3 = 0.01, since 0.013 is an invalid worth for the terminal. On this case, the third order can have a quantity of: 0.013 * 1.3 = 0.02, i.e. utilizing mathematical rounding guidelines.
It’s undesirable to make use of values lower than “1” with out having a superb information of the operation of pyramiding order processing programs.
The variable regulating the minimal step between orders is measured in factors.
The operate is regulated by the variable “Enable to open new orders after shut” – If “True” is chosen, the EA will open orders after closing the earlier ones. If “false” is chosen, the EA won’t be able to open new orders after closing the earlier ones.
- Restriction for opening orders of the present candle:
Relying on the aggressiveness of the dealer, the potential for opening multiple order per candle will be adjusted utilizing the “Most 1 order per candle” variable.
When chosen in a variable “ Most 1 order per candle ” of the “false” choice, the EA will open new orders, as quickly as there’s a sign to open, extra orders will probably be opened. With sharp workshop fluctuations, this selection will be harmful, as numerous orders will be opened in a short while.
Or for safer operation, the EA can solely open one order per candle. Thus, the variety of orders will probably be restricted, this selection is safer in case of sharp value fluctuations. For this selection within the variable “ Most 1 order per candle ” have to be set to “true”.
Plenty of protecting features are constructed into the advisers to stop opening orders when the boundaries specified by the dealer are reached.
Protecting features embrace variables:
“Most slippage in factors”, ” Most unfold in factors” – if the required limits are exceeded, the indicators for opening new orders will probably be ignored by the EA.
“Most variety of orders” – when the required quantity of orders within the basket of 1 route is reached, no additional orders will probably be opened.
“Most measurement of orders” – when the required quantity for one order is reached, additional orders is not going to improve , however will stay a hard and fast quantity for the higher worth.
Knowledgeable Advisors have a built-in potential to ship notifications when positions are closed.
You’ll be able to obtain notifications in 3 ways:
Receiving push notifications on the dealer’s cell phone,
Receiving an e-mail to the e-mail deal with specified within the terminal,
Getting an alert in a dealer’s buying and selling terminal.
Notifications are solely despatched when positions are closed.
Panel Description:
Within the enter moved you possibly can alter the font measurement within the panel. If obligatory, the panel of advisers will be disabled within the enter settings. The panel illuminates with a crimson define
1) On the high of the panel is the identify of the adviser, and a button to reduce the panel.
2) Additional knowledge on the standing of the revenue of the present open positions of the adviser. Individually, the info of Promote and Purchase orders of the route is displayed.
3) Beneath is details about the unfold in factors, accrued dealer swaps in every route, within the deposit forex. And in addition on this block, details about the drawdown as a share of the deposit for all open positions of the adviser.
4) Within the decrease block there are buttons for closing all purchase orders and all promote orders. And in addition the state of the adviser is displayed on the backside.
Moreover, if the EA doesn’t work, for instance, if autotrading is disabled, then the panel border is highlighted in crimson.
Enter variables:
MAIN SETTINGS
Dimension of the primary order – Quantity to open the primary order
1 Allow Autolot calculation – Use automated lot calculation.
Autolot deposit per 0.01 heaps – Deposit quantity per 0.01 heaps when utilizing autolot
SIGNALS – this part is totally different for each Knowledgeable Advisor. Detailed info describing the variables on this part will be discovered within the product description.
GRIDS SETTINGS
Minimal step between common orders – Step between orders, measured in factors
Multiplier for common orders – Multiplier for orders. Every subsequent order within the order grid will probably be bigger than the earlier one by this coefficient
TAKE PROFIT SETTINGS
Dimension of Digital TakeProfit (In factors) – The dimensions of the digital TakeProfit. Calculated for the present group of orders from the breakeven value
2 Use overlap final and first orders – Use the overlap of the primary order with the final
Use overlap after that variety of orders – Use overlap after the given variety of open orders
PROTECTION SETTINGS
Most slippage in factors – Most allowable slippage in factors for opening and shutting orders
Most unfold in factors – Most allowable unfold for opening orders
Most variety of orders – The utmost allowable variety of orders of the identical kind
Most measurement of orders – The utmost quantity for one order. Measured in heaps
Most 1 order per candle – Open just one order per candle
ADVISOR SETTINGS
Orders Magic quantity – MagicNumber of EA orders
Feedback of the EA’s orders – Remark for EA’s orders
Enable to open OP_BUY orders – Enable to open OP_BUY orders
Enable to open OP_SELL orders – Enable to open OP_SELL orders
Enable to open new orders after shut – Means to permit opening orders after closing earlier ones.
Present panel of advisor – Means to point out or cover the advisor panel
Font measurement in panel – Alter the font measurement on the panel
NOTIFICATIONS SETTINGS
Ship push notifications when closing orders – Notifications to the cell model of the terminal when closing orders
Ship mails when closing orders – Sending letters to an e-mail deal with when closing orders
Ship alerts when closing orders – Sending pop-up notifications on the terminal when orders are closed
Purchase an advisor proper now:
AW ADX based mostly EA -> MT4 VERSION / MT5 VERSION
AW CCI based mostly EA -> MT4 VERSION / MT5 VERSION
AW Traditional MACD EA -> MT4 VERSION / MT5 VERSION
AW Envelopes EA -> MT4 VERSION / MT5 VERSION
AW Ichimoku EA -> MT4 VERSION / MT5 VERSION
AW Momentum EA -> MT4 VERSION / MT5 VERSION
AW Three MA EA -> MT4 VERSION / MT5 VERSION
AW Parabolic SAR EA -> MT4 VERSION / MT5 VERSION
AW RSI based mostly EA -> MT4 VERSION / MT5 VERSION
AW Buying and selling Software program
Telegram channel: https://t.me/AWSoftware
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