Full description of Information Commerce EA MT4 and Information Commerce EA MT5 (consultants for various platforms are utterly equivalent of their work).
This system comprises versatile settings for buying and selling on the information of the financial calendar. It can’t be checked within the technique tester. Solely actual work. Within the terminal settings, that you must add the information web site to the record of allowed URLs. Click on Instruments > Choices > Skilled Advisors. Test the choice “Enable WebRequests for listed URL:”. Add this: https://ec.forexprostools.com/
Monitoring default settings in absolutely computerized mode: https://www.mql5.com/en/indicators/1447007 . Connect the EA to the GBPUSD chart of any timeframe (the timeframe would not matter) to get the identical end result.
When creating your personal units of settings for this EA, confer with the outline of all parameters under. (Web site for information viewing: https://www.investing.com/economic-calendar/ ).
Description of all parameters
- ==== Used Symbols ==== // The parameters from this block help you work from one chart on a number of forex pairs. Or you may work solely with the forex pair of the chart to which the Skilled Advisor is hooked up. //
- Use_Symbols_from_Line – if true, buying and selling on all symbols from the Symbols_Line line; if false, buying and selling on the chart image;
- Symbols_Line – if Use_Symbols_from_Line=true, then buying and selling on symbols from this line (write symbols with out prefixes and suffixes);
- Symbol_prefix – if terminal symbols have a prefix, then write it on this line;
- Symbol_suffix – if terminal symbols have a suffix, then write it on this line;
- ==== Lot and MM ==== // A number of buying and selling lot calculation schemes and extra parameters. Choose one scheme (by setting “true”) and set the lot dimension within the subsequent parameter, disable different schemes (by setting “false”). Learn extra right here: https://www.mql5.com/ru/blogs/publish/748030 . //
- Use_Fix_Lots – allow/disable the fastened buying and selling lot;
- Value_Fixed_Lot – the worth of the fastened lot;
- Use_MM_1 – allow/disable the lot worth primarily based on steadiness;
- Funds_for_001_Lot – quantity of funds for 0.01 lot;
- Use_MM_2 – allow/disable the lot worth as a p.c of deposit primarily based on StopLoss;
- Risk_Percentage – p.c of deposit for lot worth calculation;
- Use_MM_Reg_1 – allow/disable restoration cash administration 1 (buying and selling lot won’t lower in case of drawdowns);
- Funds_for_001_Lot_Reg – quantity of funds for 0.01 lot;
- Use_MM_Reg_2 – allow/disable restoration cash administration 2 (buying and selling lot won’t lower in case of drawdowns);
- Risk_Percentage_Reg – p.c of deposit for lot worth calculation;
- Lot_calculation_based_on – lot calculation primarily based on steadiness or fairness.
- Lot_calculation_with_rounding – use rounding when calculating a buying and selling lot (extra aggressive lot calculation, to speed up the rise in steadiness).
- ==== GMT and DST ==== // Synchronization of the time of the information web site with the time of the terminal happens mechanically. Time Synchronization Test: https://www.mql5.com/ru/blogs/publish/748028 . //
- GMT_Offset_AUTO – allow/disable computerized detection GMT Offset;
- GMT_Offset_Manual – the worth of the distinction between your dealer’s server time and GMT;
- ==== Information Filter ==== // Pending orders are opened throughout the information interval. These parameters help you choose information and time intervals for putting orders. //
- News_All_countries – keep in mind the information of all nations;
- News_USA – keep in mind the information of the USA;
- News_Europe – keep in mind the information of the Eurozone and the UK;
- News_currency_pairs – keep in mind the information for the present charts forex pair;
- News_currency_string – keep in mind the information for the currencies that are registered in a line News_currency_str;
- Excluded_currency_str – don’t keep in mind the information of the forex entered on this line, even when it was taken into consideration within the parameters above;
- IncludeHigh – open pending orders earlier than information of medium significance;
- SecondBeforeHigh – the variety of seconds earlier than the discharge of stories of excessive significance, when pending orders are positioned;
- SecondAfterHigh – the variety of seconds after the discharge of stories of excessive significance, when pending orders are deleted;
- IncludeMedium – open pending orders earlier than information of low significance;
- SecondBeforeMedium – the variety of seconds earlier than the discharge of stories of medium significance, when pending orders are positioned;
- SecondAfterMedium – the variety of seconds after the discharge of stories of medium significance, when pending orders are deleted;
- IncludeLow – open pending orders earlier than information of excessive significance;
- SecondBeforeLow – the variety of seconds earlier than the discharge of stories of low significance, when pending orders are positioned;
- SecondAfterLow – the variety of seconds after the discharge of stories of low significance, when pending orders are deleted;
- IncludeSpeaks – if “true”, then open pending orders earlier than news-speech of the thought of significance; if “false”, then keep away from news-speech of the thought of significance (ie, don’t open any orders within the time ranges specified under).
- SpeaksHigh – keep in mind news-speeches of excessive significance;
- SpeaksMedium – keep in mind news-speeches of medium significance;
- SpeaksLow – keep in mind news-speeches of low significance;
- SecondBeforeSpeaks – the variety of seconds earlier than the discharge of the news-speech of the thought of significance, when pending orders are positioned (within the case of IncludeSpeaks=false, that is the start of the ban on opening any orders);
- SecondAfterSpeaks – the variety of seconds after the discharge of the news-speech of the thought of significance, when pending orders are deleted (within the case of IncludeSpeaks=false, that is the tip of the ban on opening orders);
- Add_Event – add the date of the occasion manually (the technique tester reacts on the desired date);
- SecondBeforeEvent – the variety of seconds earlier than the beginning of the occasion when pending orders are positioned;
- SecondAfterEvent – the variety of seconds after the beginning of the occasion when pending orders are deleted;
- ==== Frequent parameters (commonplace factors) ==== // In all parameters the place the values are laid out in factors, that you must write commonplace factors (by the 4th digit). //
- Magic_number – a singular magic quantity for the EA’s trades;
- Comment_orders – a remark to the EA’s trades ;
- Trade_Direction – route of orders (BUY, SELL);
- Type_Orders – order varieties (STOP or LIMIT);
- Offset_from_price – indent in factors from the worth for putting orders;
- Max_Spread_at_placing_orders – the utmost allowable unfold on the time of putting orders (0 – disabled);
- TakeProfit_Hide – digital Take Revenue hidden from a dealer in factors;
- StopLoss_Hide – digital Cease Loss hidden from a dealer in factors;
- TakeProfit_Safety – Security (actual) Take Revenue in factors (TakeProfit_Safety must be extra TakeProfit_Hide);
- StopLoss_Safety – Security (actual) Cease Loss in factors (StopLoss_Safety must be extra StopLoss_Hide).
- ==== Period of the open place ====
- Number_Minutes_and_Closing_Max_Bar – variety of minutes after which the place will probably be closed if the worth is most from the second the place is opened (0 – disabled);
- Number_Minutes_and_Closing_Medium_Bar – variety of minutes after which the place will probably be closed if the worth is just not decrease than the typical worth from the second the place is opened (0 – disabled);
- Number_Minutes_and_Closing_Profit – variety of minutes after which the place will probably be closed whether it is in revenue (0 – disabled);
- Max_Minutes_Open_Position – variety of minutes after which the place will probably be closed (0 – disabled);
- Minimum_Pips_at_Profit – minimal variety of revenue factors for closing a optimistic place.
- ==== Trailing Cease ====
- Trailing_Stop – trailing cease worth (0 – disabled);
- Trailing_Step – trailing cease step;
- Trailing_Start – crucial quantity of factors from an place open value for setting a trailing cease;
- Duration_minutes_after_open – crucial quantity of minutes after an place open value for setting a trailing cease.
- ==== Grid and Martingale ====
- Total_open_transactions – the utmost variety of concurrently open positions, if greater than 1, then the grid mode is activated.
- TP_for_Grid – Take Revenue for grid mode;
- Min_minuts_pause_between_positions – minimal pause in minutes between opening of positions;
- Multiplier_of_Min_minuts_pause – multiplier for Min_minuts_pause_between_positions when opening the subsequent place;
- Min_pips_between_positions – minimal distinction of the costs of opening in factors, crucial for opening of the brand new place;
- Multiplier_of_Min_pips_between_positions – multiplier for Min_pips_between_positions when opening the subsequent place;
- Close_positions_at_percentage_of_loss – proportion of floating loss from the steadiness at which all positions are closing; 0 – disabled;
- Multiplier_of_trade_Lot – multiplier for a buying and selling lot when opening a brand new place within the positions grid.
- ==== take into account different positions ==== // Parameters from this block are meant for joint work with different Skilled Advisors (taking into consideration open positions with different magic numbers). For those who use this Skilled Advisor individually, then these parameters don’t have an effect on. //
- Total_deals_of_line_magics_for_one_symbol – the utmost variety of concurrently open positions with magic numbers from “Line_Magics” by the chart image; legitimate for values better than 0; this parameter limits the opening of the primary place and doesn’t restrict the opening of averaging positions.
- Total_deals_of_line_magics_for_all_symbols – the utmost variety of concurrently open positions with magic numbers from “Line_Magics” for all symbols; legitimate for values better than 0; this parameter limits the opening of the primary place and doesn’t restrict the opening of averaging positions.
- Total_deals_for_one_symbol_so_as_not_to_open_new_symbol – the utmost variety of concurrently open positions with magic numbers from “Line_Magics” for anybody image, at which the primary positions won’t be opened for different symbols; legitimate for values better than 1.
- Line_Magics – line of magic numbers of positions; if empty, then the variety of open positions is calculated for all (any) magic numbers.
Parsing Default Settings
The work is on pairs with GBP (GBPUSD, EURGBP, GBPJPY, GBPCAD, GBPAUD, GBPCHF) from one chart. GBP is probably the most unstable forex, which supplies extra possibilities for a profitable exit from the deal.
- Use_Symbols_from_Line = true;
- Symbols_Line = GBPUSD, EURGBP, GBPJPY, GBPCAD, GBPAUD, GBPCHF.
Pending orders are opened earlier than the information of the currencies of the forex pair, along with the GBP (in order that a number of orders should not opened on the identical time). Thus, GBPUSD orders open earlier than USD information, EURGBP orders earlier than EUR information, GBPJPY orders earlier than JPY information, and many others. Excessive significance information are taken into consideration.
- News_currency_pairs = true;
- Excluded_currency_str = GBP;
- IncludeHigh = true.
To get extra offers (extra aggressive possibility) make the “Excluded_currency_str” line empty, then orders will probably be opened on GBP information as properly. It’s also possible to add medium significance information IncludeMedium = true.
Pending orders are opened 60 seconds earlier than the information is revealed. In 20 seconds after the publication of the information, unworked pending orders are deleted.
- SecondBeforeHigh = 60;
- SecondAfterHigh = 20.
If speeches of excessive and medium significance are scheduled within the coming hours, orders won’t be opened.
- IncludeSpeaks = false;
- SpeaksHigh = true;
- SpeaksMedium = true.
To get extra trades (extra aggressive possibility) set SpeaksHigh = false and SpeaksMedium = false, then the speeches won’t block the opening of orders.
A pretend value motion is predicted earlier than the information is revealed, so LIMIT orders are used at a distance of two.5 factors from the worth. Pending orders are opened in each instructions (BUY and SELL). When one of many orders is triggered, the opposite one is deleted; if throughout the specified time not one of the orders labored, then each are deleted.
- Trade_Direction = BUY_and_SELL;
- Type_Orders = ORDERS_LIMIT;
- Offset_from_price = 2.5.
Volatility throughout the information could be very totally different, so utilizing the usual SL for all trades in a totally computerized mode appears to be ineffective. Since a brief SL will usually knock out and a big SL doesn’t make sense, as it is going to take a lot of the steadiness. For those who desire units with SL, then choose cautious settings for every forex pair individually (Use_Symbols_from_Line = false). Within the default settings, a day is given to shut positions at TP equal to five factors. If the place is just not closed in a day, then an averaging order is opened (most three positions for one forex pair).
- TakeProfit_Safety = 5;
- StopLoss_Safety = 0;
- Total_open_transactions = 3;
- Min_minuts_pause_between_positions = 1440;
- Min_pips_between_positions = 35;
- Multiplier_of_trade_Lot = 1.5.
You’ll be able to set the utmost drawdown as a proportion of the account steadiness for every forex pair, for instance Close_positions_at_percentage_of_loss=30.
Parameters from the final block “take into account different positions” are meant for joint work with different Skilled Advisors (keep in mind open positions with different magic numbers). Subsequently, you may add this professional to the overall profile of consultants.
