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TrendMaster Professional
By: Brian Robillos
Enter Parameters
- Timeframe: Choose your most well-liked timeframe for buying and selling.
- Unfold Filter: Handle entries based mostly on the unfold.
- Magic Quantity: Allow buying and selling on a number of timeframes inside a single image.
- Commerce Remark: Add customized descriptions to open positions.
- Heaps Based mostly on % of Account: Mechanically calculate lot sizes based mostly on a share of the account steadiness (default is 0.1).
- Hedge Entry Multiplier: Improve the lot measurement by a specified worth when hedging a dropping place.
- Revenue Factors: Set a revenue worth to shut all positions when hedging a dropping place.
- Max Image P.c Drawdown: When a drawdown in a single image reaches a specified stage, the EA will pause and verify if the account is in revenue, then mechanically shut all positions within the account, together with these opened by different Knowledgeable Advisors.
- Max Account P.c Drawdown: If the general account experiences a most drawdown, it’ll shut all positions within the account.
Beneficial Parameters
| Enter Parameter | Beneficial Worth | Vital Notes |
|---|---|---|
| Timeframe | 1-hour chart | |
| Unfold Filter | 2.0 pips to my dealer | Test your dealer’s common stay account unfold. |
| Magic Quantity | 102098 | Don’t change it when attaching to a number of currencies. |
| Commerce Remark | TrendMaster Professional | Don’t change it when attaching to a number of currencies. |
| Heaps Based mostly on % of Account | 0.10 | All the time begin small and don’t danger greater than 1% of your account. |
| Hedge Entry Multiplier | 1.0-2.0 | The utmost is 3.0, appropriate for these with a high-risk tolerance. |
| Revenue Factors | 20 factors | Most is 200 factors |
| Max Image P.c Drawdown | 10% | Most is 15% |
| Max Account P.c Drawdown | 100% | Minimal is 60%.I will clarify how danger is correctly managed. |
How the EA works
Within the first situation, EA will open a place. If it goes in favor of the place course, it’ll shut and open a brand new place on the reversal sign.
Within the second situation, if the development goes towards the entry, what’s going to occur? The EA will open a place to the wrong way when the development reverses. It’ll lock the floating loss. Then, the EA will verify if the development will proceed and open a hedging place to cowl the loss.
How the EA Handle Threat
Downside
: Okay, the EA now locked the floating loss and opened a hedge place, however the hedge didn’t go within the desired course. The EA now could be experiencing additional losses, what’s going to the EA do now?
Answer: The EA now checks for the utmost image % drawdown. As soon as a forex reaches the brink (10% drawdown by default), the EA mechanically checks your entire account for profitability. Assuming the EA is connected to a number of currencies, some positions could also be in revenue. On this situation, the general account will likely be not directly hedged by totally different forex positions. It’s essential to not change the magic quantity and commerce remark when attaching the EA to a number of currencies, as doing so will render this method ineffective.
Downside
: Okay, now the EA didn’t attain the breakeven level to shut all positions. What is going to occur now?
Answer: For this reason I like to recommend to all the time begin small. Such situations can happen in all Knowledgeable Advisors. On this case, the utmost account % drawdown will come into play. I’ve examined the EA with the identical settings for all foreign exchange pairs, and whereas nothing was worn out, the best drawdown noticed was round 50%. That can also be why I set the minimal drawdown to 60%. If, by likelihood, you had been utilizing the EA throughout that particular date and time and solely buying and selling that specific pair, you’ll undoubtedly survive. Nevertheless, for me, it’s potential to be fully worn out in that state of affairs if the chance is simply too excessive. We are able to keep away from this by leveraging the idea of oblique hedging utilizing the max image % drawdown operate.
| Beneficial pairs |
|---|
| XAUXXX pairs |
| XAUUSD(Gold) |
| XAUEUR |
| XXXJPY pairs |
| USDJPY |
| GBPJPY |
| EURJPY |
| CADJPY |
Light reminder
: As a fellow dealer and product vendor, I’ve encountered quite a few worn out accounts, which is why I place a terrific emphasis on danger administration. Somewhat than searching for an Knowledgeable Advisor that generates fast income however swiftly wipes out the account, it’s much more advantageous to go for an EA that persistently generates income over time. Keep in mind, the important thing lies in sustaining a gentle and sustainable method to buying and selling, making certain long-term success and safeguarding your hard-earned capital.
Obtain Timeless, Snug, Bespoke and Prosperous EA’s:
https://www.mql5.com/en/customers/robillosbrian-gmail/vendor
Disclaimer
TrendMaster Professional is an academic Knowledgeable Advisor. Any info, recommendation or buying and selling technique ought to NOT be understood in any approach as a personalised funding working recommendation, nor as a solicitation to gather public financial savings. The outcomes offered, actual or simulated, the buying and selling evaluation, the coaching movies and the overall materials revealed are meant as info for an vague public and don’t represent any assure concerning hypothetical future working efficiency. The speculative buying and selling exercise includes vital financial dangers and anybody doing it does so beneath their very own unique accountability, subsequently TrendMaster Professional and the creator non assumes no accountability for any direct or oblique injury associated to funding choices made by the reader. Due to this fact, the reader exonerates creator, inside the limits of the regulation, from any legal responsibility in any case related or deriving from using the knowledge current.
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