Product web page : https://www.mql5.com/en/market/product/66925
1. What is that this EA? How does it enter trades?
2. Enter definitions + On-chart buttons.
3. Issues with the EA / Troubleshooting.
BlueDreams is knowledgeable advisor that’s basically a mix of a development following technique combined with an entry technique, it goals to enter trades utilizing key excessive and low factors when in a confirmed development and can make the most of a dynamic grid to keep up a continuing fairness development.
The consumer is ready to set the timeframe which the knowledgeable focus onto for directional data utilizing the ‘Consumer Development Timeframe’ enter. As soon as a development has been confirmed, the knowledgeable will use the loaded chart timeframe to seek for entries.
Purchase trades are entered when a key low level is shaped in a uptrend, and sells are opened when a key excessive level is shaped in a downtrend. Key excessive and low factors are decided by a decent mixture of indicator sign combined with value motion.
Utilizing completely different combos of loaded chart timeframe and development timeframe can create varied outcomes, the EA will take extra trades coming into from smaller timeframes as extra excessive and low factors are shaped, so in flip coming into from larger timeframes could have much less trades however can present extra correct reversal factors.
BlueDreams has a novel dynamic grid perform in a position to change the required distance between orders relying on market dynamics. It does this by changing values from the ATR indicator into pips and through the use of completely different timeframe candle open and closes. The consumer is ready to focus the perform onto a separate timeframe than the loaded chart timeframe through the use of the ‘Dynamic Step Timeframe’ enter to be able to collect details about forming candles of that specified timeframe. The knowledgeable is just allowed to position one order per bar of the set dynamic step timeframe and provided that value has moved a distance equal to, or above that of the worth generated by the ATR, so utilizing a bigger timeframe within the enter means orders can be spaced additional aside and in flip utilizing a smaller timeframe will imply orders are spaced nearer collectively.
- Order Remark – Remark displayed on every commerce taken.
- Magic Quantity – Quantity the EA makes use of to affiliate trades with itself – you solely want to alter the magic quantity in case you are utilizing the EA on two charts of the identical pair, every chart would then want a special magic quantity.
- Development Mode – The mode which the knowledgeable makes use of to find out development –
‘User_Trend’ – The EA will give attention to the timeframe set within the enter ‘User_Trend_Timeframe’ for directional data.
‘Auto_Trend’ – The EA will mix development from the 4HR, 1HR, and 30M timeframes into one development and solely affirm a route when all three are in line.
- Consumer Development Timeframe – The timeframe the EA will focus onto for directional data when utilizing the ‘User_Trend’, development mode.
- Use Grid – True will enable extra orders to be positioned if the primary place goes into loss.
- PipStep Methodology – Methodology which to area orders by. –
‘Mounted’ – Areas orders utilizing a consumer outlined fastened pipstep. The EA will solely place one order per candle of the loaded chart timeframe and if value has not moved the enter fastened pipstep distance away from the final order.
‘Dynamic’ – Makes use of continually generated values by the ATR indicator and considers velocity in candles to generate a dynamically altering pipstep distance.
- Dynamic Step Timeframe The timeframe the EA makes use of to area orders when utilizing a dynamic pipstep methodology – Completely different timeframe candles type at completely different charges/open and shut at completely different occasions so results the place the subsequent order could be or can be allowed to be positioned.
- ATR Interval – Used to manage distance within the dynamic pipstep.
- IF Mounted Pipstep – Quantity of pips to area order by when utilizing a hard and fast pipstep methodology.
- Max Unfold – Max unfold allowed to open a commerce – In pips.
- Max Slippage – Max slippage allowed to open a commerce – used for brokers which will require a requote.
- Max Lot Measurement Allowed – Max lot measurement allowed to be reached and/or positioned.
- Max Purchase & Promote Trades Allowed.
- Enable New Cycle – True will enable new commerce alternatives to be taken.
- Enable Hedge Trades – True will take and handle other way commerce indicators whereas already in an open commerce.
- Shut Trades If Fairness Drops Beneath – The EA will shut all open trades if account fairness drops beneath the enter quantity.
- Solely Open Trades Above Free Margin – The EA will solely open new trades when the accounts free margin is above the enter quantity.
- Use Time Restrict – True will enable trades from ‘Begin Hour’ till ‘Cease Hour’ – Trades nonetheless open after hours will proceed to be managed.
- Begin Hour – Hour to permit trades from when ‘Restrict Commerce Hours’ is ready true.
- Cease Hour – Hour to cease trades at when ‘Restrict Commerce Hours’ is ready true.
- Commerce Monday – Friday Limits.
- STOP Commerce Earlier than Weekend – True will cease the knowledgeable from putting trades from Friday 17:00 till 23:59.
- SKIP Monday Market Open – True will cease the knowledgeable putting trades on market open till after 03:00 Monday morning.
- Base LotSize – The primary lot measurement positioned.
- Multiplier – Quantity to multiply the earlier commerce by when utilizing the grid.
- Cease Loss – In pips.
- Take Revenue – In pips.
- Auto Cash Administration – True will enable the EA to regulate the bottom lot in accordance with the account steadiness and the ‘Auto Danger %’ set.
- Auto Danger % – Defines the danger used within the Auto Cash Administration, 1 being low and 100 being very excessive.
- Use Path Take Revenue – True will enable the EA to regulate the take revenue as orders are added or eliminated – The take revenue will preserve the enter ‘Take Revenue’ from the breakeven stage.
- Use Trailing Cease – True will enable the EA to regulate the cease loss as orders transfer into revenue.
- Path Begin From – Pips into revenue to begin the trailing cease.
- Transfer Path Cease To – As soon as activated transfer the cease this many pips into revenue.
- Path Step – Modify the cease loss additional into revenue when value strikes this many pips.
- AutoClose In Revenue – When true the knowledgeable will routinely shut out trades when the enter quantity is reached.
- AutoClose Mode – When static the knowledgeable will all the time exit trades/grids for the quantity in ‘How a lot revenue’, when dynamic the knowledgeable will regulate how a lot revenue in accordance with the bottom lot getting used.
- How A lot Revenue – How a lot revenue will the knowledgeable search for to exit grids/trades – This can be a forex quantity.
- DrawDown Discount – Set to true will activate drawdown discount. It will look to breakeven on the primary positioned and newest positioned commerce in a shaped grid in an purpose to cut back total grid measurement and liberate margin.
- Scale back After – As soon as open trades quantity reaches the quantity on this enter the EA will start the perform.
- Quantity For Operate To Work – Revenue (in cash) wanted to be reached between the 2 trades for the perform to start.
- Modify Chart Properties – When true the knowledgeable will modify the chart properties on begin up.
- Background – Background colour of the chart.
- Foreground – Foreground colour of the chart.
- Bull Candle – Shade used for Bull (Up) candles.
- Bear Candle – Shade used for Bear (Down) candles.
- Present On Chart Panel – True will present EA/Account data on chart.
- Draw Line – True will draw a line on the breakeven stage for open trades.
- BE Line – Shade used for the breakeven line.
- Draw Revenue Labels – True will draw closed revenue labels on chart.
- Revenue Lables – Shade used for closed revenue labels.
- Revenue Label Mode – The worth proven contained in the closed revenue labels – both pips or forex quantity.
To make use of the information filter the next internet deal with must be added to the terminals WebRequest URL record.
Go to Instruments – Choices – Professional Advisors – test Enable WebRequest for listed URL : add ‘ https://ec.forexprostools.com ‘, to the record and press OK.
- Use Information Filter – When true the knowledgeable will draw vertical traces onto the chart at occasions the place information occasions land, the knowledgeable will cease putting new trades the enter minutes earlier than an occasion and can maintain off putting trades till time has handed the enter minuets after the occasion.
- Solely Draw Future Traces – Set true will draw solely draw traces in entrance of the present time.
- Information Supply – The supply used to obtain information occasions.
- Filter Low Information – True will cease new trades being positioned from the enter minuets earlier than a low information occasion till the enter minuets after.
- Filter Delicate Information – True will cease new trades being positioned from the enter minuets earlier than a gentle information occasion till the enter minuets after.
- Filter Excessive Information – True will cease new trades being positioned from the enter minuets earlier than a excessive information occasion till the enter minuets after.
- Filter NFP FOMC Information – True will cease new trades being positioned from the enter minuets earlier than a NFP/FOMC information occasion till the enter minuets after.
- Minuets To Cease Buying and selling Earlier than Occasion – The desired minuets to cease putting new trades earlier than an occasion.
- Minets To Cease Buying and selling After Occasion – The desired minuets to begin putting new trades after an occasion.
- Low Occasion Line – Shade used for low occasion traces.
- Delicate Occasion Line – Shade used for gentle occasion traces.
- Excessive Occasion Line – Shade used for top occasion traces.
- Market Watch Time Zone (GMT) – The GMT offset to your brokers information – (Most brokers are GMT+2)
- STOP Purchase – Pressed will cease the EA from putting anymore purchase trades.
- LAST Cycle – Pressed will enable the EA to complete the present grid cycle then will place no extra new trades when closed.
- STOP Promote – Pressed will cease the EA from putting anymore promote trades.
- Shut BUY – Press to shut all open purchase trades of the present pair.
- Shut ALL – Press to shut all open trades of the present pair.
- Shut SELL – Press to shut all open promote trades of the present pair.
I’m all the time pleased to assist with arrange or if any issues emerge, please message me for help.
Some primary checks customers could make earlier than contacting me with issues are –
– On the high of the MT4 terminal please make sure the ‘ AutoTrading ‘ button is pushed in, and has a small inexperienced icon like the image to the left.
– On the high left of the terminal go to ‘ Instruments – Choices ‘.
– In ‘ Instruments – Choices ‘, go to the ‘ Professional Advisors ‘ tab, please be certain that, ‘ Enable automated buying and selling ‘ & ‘ Enable WebRequest for listed URL: ‘, are checked.
– To make use of the information filter the next internet deal with must be added to the WebRequest URL record : ‘ https://ec.forexprostools.com ‘
– When loading the knowledgeable onto a chart please guarantee that within the widespread tab, ‘ Enable reside buying and selling ‘ is checked.
– When you have a set file please go to the ‘ Inputs ‘ tab, press the ‘ Load ‘ button, then click on the set file it’s essential to load, press ‘ OK ‘.
– Within the high proper of the chart you will notice a smiley face if all of the steps are adopted appropriately and the knowledgeable will begin to seek for trades.
– Please test if the unfold of your loaded chart is beneath the quantity set within the max unfold enter.
When you have any issues please contact me utilizing one of many hyperlinks beneath.