Description
Content: Expert: ENS FX Scalper MT4 V1.337_fix.ex4, Indicators: DATR.ex4, BBMA.ex4, iTicks.ex4, How to install MT4 files.pdf
INPUT PARAMETERS
Symbols Setup
[0002] Settings_Symbol_List – symbol list through comma (The empty value means that EA will trade on current currency pair only (single pair mode))
[0101] Portfolio_Magic_Number – Magic ID
[0102] Portfolio_Comment – position comments
Volume Management
[0500] Lots_Fixed – fix lot value
[0502] Risk_Percent – lots based on each pair StopLoss
[0520] Lots_Update_Mode – enable/disable lots reinvestment mode (for backtesting)
Engine Options
[0630] Trade_Hedging_Open_Mode – orders open mode limit/market
[0631] Trade_Hedging_StopLoss_Mode – StopLoss close mode real/virtual
[0632] Trade_Hedging_TakeProfit_Mode – TakeProfit close mode real/virtual
[0710] Trade_Direction_Mode – choose trade direction
Time Options
[7000] TT_Define_Mode – enable/disable auto DST and GMT setup (use ‘false’ for backtest)
[7001] TT_Manual_GMT_Offset – manual GMT (for backtesting)
[7002] TT_Manual_DST_Mode – manual DST switch mode (for backtesting)
[7040] TT_Skip_Week_Begin – skip monday morning open
[7042] TT_Skip_Week_End – skip friday afternoon open (for AUDNZD)
[7060] RollOver_Begin – the Rollover start time (for example 20.55)
[7061] RollOver_End – the Rollover end time (for example 21.10)
During Rollover time the EA will not open any trades and deletes limit orders except partial filled. Parameter [7062] also enable/disable position close and deletes TakeProfit levels.
[7062] RollOver_Close_Enable – enable close and TakeProfit at Rollover time
[7090] TT_Skip_Wednesday_Trading – skip trading at Wednesday before triple swaps
[7131] TT_Skip_Holidays_Days – skip trading on US Holidays
[7140] TT_Skip_Christmas_Holidays – skip trading on Christmas Holidays (from Dec 23 to Jan 7)
Other Options
[9000] Show_Comments – enable/disable chart comments
TRADING PAIRS AND RISK LEVELS
The EA can trade almost on any FX pair, but default its tuned up for 11. You can add or remove pair by yourself depending of brokers
Risk settings:
Risk_Percent=2 for leverage 1:30 (low risk)
Risk_Percent=5 for leverage from 1:100 (standard default risk)
Risk_Percent=10 for leverage from 1:400 (expert – for advanced trader)
The trading time is from 15 to 21 GMT. The EA defines time setting for each broker auto. Send me a message if the EA does not load on a chart
BACKTESTING
The EA can trade on almost any currency pair. Default trading pairs are suitable for most brokers. But you can configure currency pairs and even trading directions for each of them.
Recommended to backtest on the Metatrader 5 platform with real ticks mode. You can also use Metatrader 4, but with the third-party testing tools to get real spreads.
It is important to set the time settings correctly for testing. The robot cannot always defne settings automatically if there is not enough H1 historical data, or the broker has changed the settings. You can find the time settings for current broker in the EA’s comments on the live chart. The settings are set by the parameters [7001] TT_Manual_GMT_Offset and [7002] TT_MANUAL_DST_Mode. In this case, the parameter [7000] must have the value “tt_manual_define”. Most brokers use GMT+3 dst_US (ICMarkets, FXOpen), which means the time difference GMT +3 in summer time and USA DST. Some brokers use GMT +3 dst_EU, i.e. Europe DST (Weltrade, Rannforex). If you use Duka quotes for testing, then the settings should be GMT+0 dst_disabled, which means no DST.
For the Metatrader 5 platform, select in the Market Watch window all the Forex symbols that you want to test. In the strategy tester settings Symbol field, set “All Market Watch symbols”. In the Modeling field “Every tick based on real ticks”. In the EA input parameters set an empty value for the parameter [0002] Settings_Symbol_List and the time settings according to the instructions above. Based on the results, select currency pairs for trading and enter them in the [0002] Settings_Symbol_List parameter by commas.
You can also test the BUY and SELL directions separately for each currency pair. To do this, set the parameter [0710] Trade_Direction_Mode “buy only” and “sell only”. Set a list of all the currency pairs that you liked in the [0002] Settings_Symbol_List parameter. Run the EA on the online live chart. Click on the MAIN button on the chart. There you can enable/disable the trading direction for each currency pair by buttons.
