“4you Buying and selling Robots”
USER MANUAL for “Twilight Wolf“.
Contents
1. How one can connect EA to chart.
2. How one can embody Information Calendar.
3. Parameters
4. Necessities
5. Buying and selling Technique and my expertise.
1. How one can connect EA to chart.
1.1. Simply drag and drop the file to chart and make a smiley face.
1.2. The EA have to be hooked up to EURUSD M5 time-frame charts.
2. How one can embody Information Calendar.
2.1. Please enable internet requests and add this URL: https://ec.forexprostools.com/
3. Parameters
=INFOPANEL SETTINGS====================
Brief Title – identify can be wanted in case you use many alternative settings for various accounts. A brief identify may also help you save and quick establish the chosen set. For instance – Twilight Wolf Finest Pairs;
Conceal Take a look at Information – Information Panel spends just about sources to recalculate and redraw information. You possibly can conceal the Information Panel and it will enhance testing velocity.
Present Element Buying and selling Time – enable seeing the beginning and finish buying and selling time in Dealer time (terminal time), GMT time, and Native time (pc time);
=TIME SETTINGS============================
GMT Offset Technique: – choose GMT Offset Technique.
- Auto GMT Offset – Recalculates GMT offset routinely if the market is open. (Works solely in stay buying and selling)
- Guide GMT Offset – Manually adjusted GMT offset. (Within the Tester mode, GMT Offset Technique will all the time be in Guide GMT Offset mode.)
Guide GMT Offset – the worth of of GMT distinction between dealer Market Watch (terminal) and present Greenwich Imply Time.
Start GMT – Starting of the buying and selling session, based mostly on GMT.
Finish GMT – Finish of the buying and selling session, based mostly on GMT.
Superior Time Filter – enabled filter permits to make use of of optimized finest commerce instances.
Monday Buying and selling – Permit to commerce Monday.
Tuesday Buying and selling – Permit to commerce Tuesday.
Wednesday Buying and selling – Permit to commerce Wednesday.
Thursday Buying and selling – Permit to commerce Thursday.
Friday Buying and selling – Permit to commerce Friday.
Skip New 12 months – Allow/Disabled commerce close to New 12 months time.
=CALCULATION OF LOT SIZE================
Lot Sizing Technique: – choose the lot sizing methodology based on the chance you wish to take;
- Mounted Lot – will use all the time mounted lot;
- Account Stability Step – EA makes use of minimal lot dimension for the particular step. Instance: if dealer minimal lot dimension is 0.01 and Account Stability is 750, then EA open 0.03 tons if Account Stability Step=250;
- Tons based mostly on Deposit load % – lot-size based mostly on account fairness and margin requirement.
Mounted Lot – the mounted dimension of commerce positions;
Account Stability Step – particular step to calculate lot dimension from account stability;
Deposit load % – worth for adjusting your personal preliminary lot dimension.
=ENTRY SETTINGS===============
No Extra Trades – No extra Preliminary Trades (solely shut present).
Random Entry Degree – Add or subtract random factors to entry-level.
Add Factors To Entry Degree – Add or subtract mounted factors to entry-level.
=SL/TP SETTINGS===============
Add Factors To TP – Add or subtract mounted factors to Take Revenue.
Dealer Personal Cease Loss – Merchants can select their very own mounted Cease Loss for all forex pairs.
SL based mostly of ATR% (0.0-off) – Cease Loss based mostly on Common True Vary indicator.
TP Off throughout Rollover – Take Revenue off throughout rollover time.
Add Factors to SL in Rollover Time – Improve Cease Loss throughout rollover time.
=SWAP SETTINGS========================
Swap Filter – flip ON/OFF swap filter.
Swap Filter Technique: – Change between swap restriction strategies.
- Triple Swap Day – trades is not going to be allowed earlier than triple swap time.
- All days – trades is not going to be allowed earlier than all swap time.
Permit Swap Factors – minimal swap factors to permit image buying and selling.
MARGIN RESTRICTION SETTINGS========================
Min Free Margin(0.0 – off) – Minimal of Free Margin to permit commerce, in any other case orders can be deleted.
Max Floating DD(0.0 – off) – Most of Floating Draw Daybreak to permit commerce, in any other case orders can be deleted.
Max DD at Deposit Foreign money (0.0 – off) – Most of Floating Draw Daybreak to permit commerce, in any other case orders can be deleted.
Calculate Drawdown of: – Change between strategies to calculate Draw Down;
- Twilight Wolf EA – Draw Down can be calculated solely off Twilight Wolf opened positions;
- All EA’s – Draw Down can be calculated off all opened positions even manually;
If DD attain ranges: – Change between strategies what to do if Draw Down restrict is reached;
- STOP & CLOSE 24h – all positions closed and orders deleted for twenty-four hours;
- STOP & CLOSE – all positions closed and orders deleted until parameter initializing;
- NO NEW OPEN 24h – orders deleted and no new orders for twenty-four hours;
- NO NEW OPEN – orders deleted and no new orders until parameter initializing.
=RESTRICTIONS============================
Allowed Kind Of Place: – choose place kind;
- BUY & SELL – enable all positions;
- solely BUY – enable solely purchase;
- solely SELL – enable solely promote.
Unfold To Cease Open Restrict Orders (factors) (0 – off) – Most Unfold for place restrict orders.
Consecutive Commerce Delay (minutes) – Minimal minutes between 2 consecutive trades in the identical route
Allowed Commerce Hours – Hours after Finish GMT, then positions can be closed. (If decrease than 0 then the filter is disabled);
Positions Open Similar Time – Most open positions (all restrict orders can be deleted).
Image Course Management(0 – off) – permits limiting the variety of open positions with the identical currencies in the identical route.
Minimal ATR% Worth Vary (0.0-off) – orders can be deleted and no new restrict orders if ATR is extra.
Magic – distinguishes the open positions of Buying and selling Robots from the open positions of different Buying and selling Robots;
=ROLLOVER SETTINGS========================
Rollover Start GMT – Starting of the rollover time, based mostly on GMT.
Rollover Finish GMT – Finish of the rollover time, based mostly on GMT.
Rollover Filter – if False, enable orders throughout rollover time. If True, orders can be deleted throughout rollover time.
=CURRENCY PAIR SETTINGS=============
One Chart Setup Pairs – record of chosen pairs to commerce.(Finest pairs for buying and selling EURUSD GBPUSD EURCHF.)
=NEWS SETTINGS===============
Information Off – Flip ON/OFF Information filter. False – Information filter enabled. True – Information filter disabled.
Keep away from Excessive Influence Information – Keep away from buying and selling throughout Excessive Influence Information occasions.
Keep away from Medium Influence Information – Keep away from buying and selling throughout Medium Influence Information occasions.
Keep away from Low Influence Information – Keep away from buying and selling throughout Low Influence Information occasions.
Wait Minutes Earlier than Information Occasion – buying and selling is not going to enable earlier than information (mark crimson).
Wait Minutes After Information Occasion – buying and selling is not going to be allowed after the information (mark crimson).
=STOCK MARKET FILTER===============
Inventory Market Filter ON/OFF – chance to make use of Inventory Market Index to filter trades.
Filter Image – for filtering use SPX500/US500 index (Commonplace & Poor’s 500).
Filter Interval – chance to selection interval.
Filter Worth % – chance to selection worth.
*All parameters are optimized and able to use, simply select your Lot Sizing Technique.
4. Necessities
- Supported optimized forex pairs: EURUSD GBPUSD EURCHF USDCAD USDCHF CHFJPY EURCAD AUDCAD EURAUD;
- Timeframe: M5;
- The EA is delicate to unfold and slippage. I counsel utilizing an excellent ECN dealer;
- The EA ought to run repeatedly. Should you use Allowed Commerce Hours parameter settings, EA will shut all positions and due to this fact you possibly can flip off EA in a specified time;
5. Buying and selling Technique and my expertise.
EA begins commerce from 1 hour earlier than rollover time, until 1 hour after rollover time. That is the time when liquidity is low and value motion happens steadily within the slim buying and selling channel. On this case, one of the best technique is to commerce between assist/resistance traces (EA makes use of Bollinger Bands). The minus of this technique is massive slippage (due to low liquidity) and dealer restrictions. Brokers will not be pleased with this technique and all the time attempt to prohibit revenue, some brokers do that in a authorized method (altering liquidity suppliers close to rollover time), however some brokers will not be so tolerant and even can prohibit withdrawal revenue. That is an previous technique and personally, I used to be use it greater than 10 years in the past and I can share my expertise. These difficulties with brokers pressured me to finish, use this technique. I am stunned proper now, is how a lot cash could be demanded for such a weak technique, as all essentially the most valued sellers do as we speak. Under I’ll record how one can get essentially the most out of this technique.
5.1. Discover the dealer with a low unfold (higher ECN dealer);
5.2. Learn dealer “Shopper Settlement” for particular buying and selling restrictions;
5.3. Use a number of brokers for diversification;
5.4. Use small Lot dimension;
5.5. Withdraw revenue usually (if dealer start to ban withdraw revenue, you’ll not lose an excessive amount of);
5.6. If the dealer begins working towards you – change dealer. (Dramatic end result change can acknowledge, if brokers work towards you. Additionally, comparisons with different dealer outcomes may also help you.)
5.7. Use essentially the most liquid pairs with the least slippage, for instance, EURUSD, GBPUSD and EURCHF;
5.8. Understand this technique as small regular earnings, however not as change into to millionaire. I add 20 activations and in case you discover at the very least 5 good brokers, earnings can be rather more nice. Good Luck!
5.9. Keep in mind, technique is not sustainable, as extra individuals use this technique as extra potentialities to get a nasty entry and exit value.
