Knowledgeable Advisor Person Guide
Thanks for selecting to make use of our knowledgeable advisor. We hope it enhances your buying and selling expertise and brings you nearer to your objectives. This guide will information you thru the settings and functionalities of the RSI GridMaster EA, serving to you take advantage of its options. When you have any questions, be at liberty to contact us.
Product web page: MT5 model MT4 model
1. Connect the Knowledgeable Advisor to a Chart:
o Within the Navigator window, find your Knowledgeable Advisor below Knowledgeable Advisors.
o Drag and drop the Knowledgeable Advisor onto the chart of the foreign money pair or asset you want to commerce.
2. Allow Algo Buying and selling:
o Be certain the AutoTrading button on the toolbar is enabled (inexperienced).
o While you connect the EA to the chart, be sure that the Enable algo buying and selling checkbox is ticked within the settings.
3. Examine and Regulate Settings:
o Evaluate the Knowledgeable Advisor settings to make sure they align along with your buying and selling technique.
o Regulate any parameters as essential earlier than beginning.
As soon as the set up is full, you can begin configuring the settings for optimum efficiency. This is a step-by-step information that will help you get began:
o EA NAME = “RSI GridMaster”: The textual content supplied right here will seem within the feedback.
o Sign Settings
RSI Interval = 18: Units the interval for the RSI indicator.
RSI Oversold First Commerce = 29.0: When the RSI worth falls beneath this threshold, the EA will open a purchase order for the primary commerce.
RSI Overbought First Commerce = 71.0: When the RSI worth rises above this threshold, the EA will open a promote order for the primary commerce.
RSI Oversold Grid = 30.0: This worth determines when the EA will open further purchase orders.
RSI Overbought Grid = 70.0: This worth determines when the EA will open further promote orders.
Sign Timeframe = PERIOD_H1: Units the timeframe on which the RSI indicator operates.
o Threat Administration
Auto Lot = false: Allows automated lot sizing primarily based on the account stability.
Threat Stage = 1.0: The lot measurement is robotically adjusted in accordance with the account stability. With a price of 1, the lot measurement shall be 0.01 for each $1,000 in stability (e.g., 0.03 for $3,000). A price of three will make the lot measurement 0.03 for each $1,000 in stability.
Quantity Higher Restrict = 0.0: Units the utmost allowable lot measurement.
Repair Lot = 0.01: If the auto lot perform is disabled, this lot measurement shall be used.
Most Open Commerce = 14: Limits the variety of open positions. The EA is not going to open further orders as soon as this quantity is reached.
Reduce Loss = false: If enabled, the EA will shut all positions if the account stability loss reaches a specified share.
Reduce Loss Steadiness Proportion = 30.0: Specifies the proportion of stability loss at which all positions shall be closed.
o Buying and selling Settings
Revenue in Pips = 30.0: If the whole revenue from open positions reaches 30 pips, all trades shall be closed.
Minimal Grid Distance in Pips = 30.0: New orders is not going to open if the space between them is lower than this worth. If it exceeds this worth, new orders will open primarily based on RSI indicators.
Repair Distance Grid = false: If enabled, new orders will at all times open on the specified minimal pip distance.
Unfold Filter = 5.0: No new orders shall be positioned if the unfold is the same as or larger than this worth.
Purchase Orders = true: Permits enabling or disabling purchase orders. This may be helpful throughout sturdy downward developments or to keep away from detrimental swap prices.
Promote Orders = true: Permits enabling or disabling promote orders.
Trailing Cease First Order = false: Can be utilized for scalping on decrease timeframes. It stays lively whereas just one place is open, defending revenue with a trailing cease.
Trailing Begin = 10.0: The trailing cease prompts as soon as the revenue reaches the desired pip distance.
Trailing Cease = 5.0: The trailing cease follows the value at this pip distance.
Trailing Step = 1.0: Specifies the step measurement for the trailing cease.
Martingale = false: Allows the martingale function.
Multiply Tons = 2.0: Units the lot multiplier. Every new place could have its measurement multiplied by this issue.
Martingale Higher Restrict = 0.0: Specifies the utmost lot measurement for orders utilizing the martingale technique.
Martingale Revenue Proportion = 0.3: Defines the revenue goal in share of the stability for closing trades when utilizing the martingale technique. For example, a price of 0.3 with a $1,000 stability will shut trades at $3 revenue, whereas with $3,000 and a price of 0.5, it can shut at $15 revenue.
Martingale Repair Revenue = false: Permits setting a hard and fast financial quantity for closing martingale positions.
Martingale Revenue = 30.0: Closes all positions when the common revenue reaches this quantity (within the account foreign money).
o Time Filter
Time Filter = true: Allows or disables the time filter. The filter relies on the server time.
Monday = true: Permits enabling or disabling buying and selling for particular person days. The filter solely restricts the primary commerce, subsequent trades usually are not affected.
Monday Begin = “07:00”: Buying and selling is allowed ranging from this time.
Monday Finish = “20:59”: Buying and selling is allowed till this time.
Tuesday = true
Tuesday Begin = “07:00”
Tuesday Finish = “20:59”
Wednesday = true
Wednesday Begin = “07:00”
Wednesday Finish = “20:59”
Thursday = true
Thursday Begin = “07:00”
Thursday Finish = “20:59”
Friday = true
Friday Begin = “07:00”
Friday Finish = “12:59”
o Magic Quantity
MagicStart = 3718: Permits modification of the magic quantity to determine trades opened by the EA.
Advice:
Earlier than utilizing the knowledgeable on a stay account, check your settings within the technique tester and on a demo account to know how the system operates. This manner, you may make any essential changes and acquire confidence within the settings.
When you have any questions or want additional help, please do not hesitate to achieve out. Yow will discover our contact info right here. We’re at all times glad to assist!
Profitable buying and selling!