Pricey merchants, this text is all concerning the SIEA PRO parameters.
You probably have questions, please have a look at our SIEA FAQ first, the place your questions may need been already answered.
If there are questions left, do not hesitate to contact us through personal message right here on mql5.com
Normal settings
Technique identify: might be displayed as commerce remark and within the SIEA Panel
MagicNumber: a novel quantity to establish SIEA trades. It is essential to set totally different values if you’re utilizing a number of situations of the EA. By default, all SIEA methods include their very own MagicNumber.
Max slippage in pips: Most accepted slippage for brand spanking new trades (if relevant)
Symbols to commerce: Incorporates all 28 pairs SIEA trades out of 1 chart
Max unfold in pips: Most accepted unfold for information trades
Max positions: SIEA is allowed to run as much as 28 trades on the identical time
Swap filter: Most accepted swap for brand spanking new trades
Danger Administration Settings
Account drawdown (ADD): That is the utmost accepted drawdown to your account. If it is reached, SIEA will shut the oldest commerce and proceed its work. The cash administration sort may also be set to make use of ADD Restrict, during which case this central parameter is used to calculate the lot sizes accordingly. In the event you settle for extra danger, SIEA trades bigger lot sizes and vice versa.
Auto calculate SDD/CDD from ADD: If set to true, the SDD and CDD restrict values are an identical to what you set as ADD restrict (SDD and CDD enter are then ignored). You’ll be able to outline your personal SDD and CDD limits within the fields under when set to false.
Image drawdown (SDD): That is the utmost accepted drawdown for a single buying and selling image.
Image drawdown: Shut at restrict: Right here, you resolve whether or not SIEA closes the oldest commerce or simply prevents opening new ones when set to “false”.
Forex drawdown (CDD): That is the utmost accepted drawdown for all trades of a single foreign money.
Forex drawdown: Shut at restrict: Right here, you resolve whether or not SIEA closes the oldest commerce or simply prevents opening new ones when set to “false”.
Exit Settings
Shut all at Xth day of the month: This parameter is simply used for SIEA ZEN and disabled at MAX and PRO.
As we do not need to preserve trades open for too lengthy within the ZEN model, now we have a characteristic to shut all trades on the finish of every month (across the twenty seventh by default). Nonetheless, our SIEA technique will not be an intraday one, and more often than not, our trades want some house and time to maneuver in the suitable path. So a commerce opened on the twenty fifth, for instance, will most likely have too little time to go nicely. So starting with model 2.0 we offer a brand new parameter known as:
Shut all: freeze X days (0=disabled), which can keep away from closing trades opened with X days BEFORE the month-to-month shut.
Instance: “Shut all at Xth day of the month” set on 27. AND “Shut all: freeze X days” set on 4 (ZEN default) can have the next outcome:
On twenty seventh January, all trades open BEFORE the twenty third January might be closed; trades opened from twenty third January (until 23th February) might be ignored and closed on the twenty seventh February on the newest.”
(December has a particular “Shut all at “parameter, and this new parameter will not be used for December.)
This new characteristic gives an general efficiency enhance of 10% plus in comparison with the earlier SIEA ZEN setup. So we’re positive you may prefer it.
Shut all at December Xth day: This parameter is simply used for SIEA ZEN and disabled at MAX and PRO.
Shut as a substitute of trailing at revenue set off: The trailing begins when your commerce reaches some particular revenue. Now you may resolve whether or not you need to path the cease and let the commerce run till it reaches its TP and take the danger to get stopped out on the trailing SL, or for those who shut it instantly.
Cash Administration Settings
SIEA PRO affords 4 differing kinds for the Cash Administration setup:
Fastened lot measurement: the “Fastened Lot measurement” parameter will help you set the specified worth to make use of for each commerce throughout each image.
Danger from Steadiness: lot measurement is strictly proportional to stability/fairness. The kind labels mentioned “Steadiness”, however the true worth used is determined by the “Based mostly on…” parameter, which might be “Steadiness” or “Fairness”. The kind chosen might be used to calculate a issue.
Danger from Steadiness and ADD restrict: the parameter “Account drawdown (ADD): Restrict in %” is used to calculate an element. The lot measurement will enhance linearly to ADD. For instance, if ADD=20, as a substitute of 10 by default, the lot measurement might be multiplied by 2.
Danger smoothed from Steadiness, ADD restrict: That is just like the earlier choice, besides the rise utilizing ADD will not be linear however progressive; it is “smoothed”. For instance, if ADD=20, the lot measurement might be multiplied by 1.4 solely (and never 2)
The “Lot measurement multiplier” is the customisable a part of this issue the place you may increase or decrease your danger. Another values are used internally, however they’re the identical throughout every kind (besides mounted lot measurement).
The lot measurement is then calculated as : Tons = [Propotion of balance/equity] * [type factor] * [Lot size multiplier”]
Time Filter Settings
The time filter settings are self-explaining. We advocate leaving them untouched.
FX Quantity Settings
The FX Quantity settings are used for the interior quantity evaluation the commerce set off alerts are primarily based on.
Timeframe for FX Quantity: We use the H1 timeframe, the most important an identical interval throughout all brokers worldwide. H4 and upwards differ because of the totally different time zone settings of the dealer’s servers.
Dealer DST: That is set to American Zone by default, utilized by most brokers worldwide. Set it in keeping with your dealer server.
Dealer GMT shift: That is decided mechanically on an everyday buying and selling chart, so this parameter is simply related for backtesting functions. Please comply with this hyperlink to see how you can configure this appropriately earlier than operating a backtest
Information Settings
These settings are virtually self-explaining too. By default, our inside Information filter is enabled and scans for central financial institution information occasions. 2 hours earlier than and a pair of hours after such an occasion, no new trades are allowed. We advocate maintaining these settings unchanged. On backtests, even when set to true, that is ignored as we do not have historic information knowledge.
PROP Settings
These settings have been requested by skilled PROP merchants that want particular features to fulfil the wants and necessities of PROP buying and selling corporations.
They’re NOT for retail merchants as a result of utilizing them can have a extreme detrimental impression on the general efficiency of SIEA. To allow these parameters, you must verify the next legal responsibility disclaimer. If one of many 4 following questions is answered with No, the parameters under might be ignored, and SIEA runs with its default settings.
Use leverage filter: Set to “true” by default to filter out all trades with excessive margin necessities.
Don’t commerce image with a leverage under X: Defines the restrict worth for the leverage filter.
Leverage filter background data
Unbiased of your account leverage brokers outline particular person margin necessities for particular currencies and foreign money pairs/buying and selling symbols you solely see within the image specs. They’ll do this anytime, and SIEA checks the margin necessities earlier than buying and selling. This prevents us from taking trades which have excessive margin necessities and shortly eat up your full free margin. When your dealer units these margin necessities again to regular, SIEA will commerce these pairs as all others.
Set SL for each commerce: Set to “true” SIEA will set a person SL for each single buying and selling place.
SL at X% danger: This defines the utmost danger for every Cease Loss.
Cease Loss background data
Utilizing a cease loss on each single commerce is an actual efficiency killer in a multi-symbol setup with a number of operating trades. For example one commerce is down 2% – sounds a lot, however what if three different trades are operating, every with a revenue of 0,7%? Then the drawdown is roofed, and the P/L floats round zero. A Cease Loss set at 2% creates info, closes this commerce and books a lack of 2%, which is totally pointless when you’ve got correct danger administration in place as SIEA does. Our expertise, confirmed by years of testing and dwell buying and selling, is that each one developments in Foreign exchange come to an finish in the end. So if a commerce turns towards you, it is only a query of time when it modifications its path in your favour. Correct danger administration handles that simply and brings former detrimental trades again into the revenue zone. A stop-loss cannot. It simply creates a realised loss.
So if you’re pressured to make use of particular person stops, we extremely advocate adjusting your complete danger administration in a means that SIEA can do its job and supply the efficiency it is designed for.
Show Settings
Use on display show: If set to “false,” it would conceal the SIEA panel in your buying and selling chart.
Zoom issue: With this issue, you may increase or shrink the SIEA panel
Automated coloration scheme: If set to “true”, SIEA analyses your background coloration and adapts the panel coloration accordingly.
Reference nook: Right here, you resolve which nook of your chart the panel might be displayed.
Miscellaneous Settings
Logging informations: That is set to “true” to supply our customers with detailed perception into what’s taking place and why.
