Basic params for v1.080

[kenorb]

On this page, you can find the explanation of basic parameters of EA31337 trading robot.

The uniqueness and efficiency of this robot is achieved by its ability
to trade with dozens of logical strategies working as one which are
based on the common indicators which can trade on multiple time frames
at the same time (no need for multiple charts). The challenge is to
manage all of them in the consistent way and choosing the best one at
the right moment. So please find below the technical description of the
custom parameters provided by the user input interface.

Trading parameters

• Max orders [MaxOrders] (int, set 0 for auto)

  Sets the limit of total orders to open.
  Setting it to zero will automatically calculate the most efficient
  and safest limit based on the account and market conditions (e.g.
  given account balance, equity, free margin, leverage, market risk,
  lot size, risk ratio, etc.). The limit is recalculated each hour.

  By default EA uses internal smoothing system which won't
  dramatically increase the upper limit, but if more orders are
  available based on the calculation, the limit is increased slowly
  based on the current limit on every hour.
  When value is set to auto, the limit is recalculated at each new
  hour.

  Suggested value: 0 for auto

• Max orders per type [MaxOrdersPerType] (int, set 0 for auto)

  Sets the limit of total orders to open per each strategy. When set
  to zero, the number is automatically calculated based on the
  proportion between activated strategies and total Max orders.

  The re-calculation happens on hourly basis.

  Suggested value: 0 for auto

• Lot size [LotSize] (>=0.01, set 0 for auto)

  Sets a lot size of order to trade. Set 0 for auto calculation based on available free margin, account leverage, risk ratio and broker variables (e.g. lot step) which is re-calculated every new week. If your broker supports micro trading, then make sure that Trade micro lots option is enabled.

  Suggested value: 0 for auto

• Trade micro lots [TradeMicroLots] (bool, true by default)

  Enables trading with micro lots. If your broker doesn't support micro lots, this option should be disabled. It is highly recommended to enable this option if broker allows it.

• Main trend method [TrendMethod] (bitwise int; range: 0-255)

  Trend method calculation based on the open and close price values of
  the less timeframes (M15-MN1). For example, if price was opened
  below previous close price, the trend is considered bearish, etc.

• Min volume to trade [MinVolumeToTrade] (int)

  Sets minimum volume required to trade. This is ignored during
  backtesting.

• Max price slippage (in pips) [MaxOrderPriceSlippage] (double)

  Maximum price slippage for buy or sell orders (in pips) when opening
  the order (See: OrderSend).

• Max retries for opening orders [MaxTries] (int)

  Sets the number of maximum attempts to execute the order. For
  example if opening order has been rejected by your broker (e.g. when
  price is requoted), EA will add this operation to the queue. Number
  of retries doesn't block EA execution time, as they're queued by
  the task manager and executed at the next earliest possible time.
  However giving high number can open the order which is no longer
  valuable.

  Suggested values: 3-5

• Min pip change to trade [MinPipChangeToTrade] (double, set 0 for every tick)

  Minimum pip change to trade before the bar change. Set 0 to process
  every tick. Lower is better for smaller spreads.

  Suggested values: 0.7-0.9

• Min gap between trades per type (in pips) [MinPipGap]
  (double)

  Minimum gap in pips between trades of the same strategy on the same
  timeframe. So each time when the trade signal is raised, EA will
  scan the existing orders and if the difference between the previous
  opened order and the current is less than the gap, the signal is
  ignored. Useful to not repeat openings of similar trades.
  Suggested values: 60-80

• InitNoOfDaysToWarmUp (integer)

  Warm-up period in days to reduce lot size. Helps to protect balance
  against unknown market conditions.

Profit and loss parameters

• Take profit (in pips) [TakeProfit] (double; set 0 for none)

  Take profit value which is the limit when to close the order with
  profit. If set to 0, the profit take is controlled by Default trail
  profit method option.

• Stop loss (in pips) [StopLoss] (double; set 0 for none)

  Stop loss value which is the limit when to close the order with
  loss. If set to 0, the profit take is controlled by Default trail
  stop method option.

Trailing stops and profit

• Trailing stop (in pips)

  Sets the default trailing stop loss value (in pips) for each opened
  order.

• Default trail stop method (set 0 for none)

  Sets the default trailing stop loss method. This is usually suppressed by the strategy specific method.

• Trailing stop one way? (bool)

  When set to true, the trailing stop moves only in one direction.

  Otherwise it can move in both ways.

• Trailing profit (in pips)

  Sets the default trailing profit take value for each opened order.

• Default trail profit method

  Default profit take method. This is usually suppressed by the strategy specific method.

• Trailing profit one way? (bool)

  When set to true, the trailing profit moves only in one direction. Otherwise it can move in both ways.

• Decrease trail stop per minute (pip/min, set 0 to disable)

  Decrease trailing stop for each opened order per each bar.

  Suggested value: 0 to disable

Risk

• Trade with trend [TradeWithTrend] (bool)

  When enabled, execute only orders which are trend friendly. It can
  minimalize the losses.

• Risk ratio [RiskRatio] (double; range: 0.1-5.0, set 0 for auto, 1.0 for default and 2.0 to double the risk)

  Sets risk ratio value which may affect other parameters such as Max orders and Lot size. Setting it to zero enables auto calculation which is based on the account equity/balance ratio, overall profit/loss, number of active strategies, current market conditions, etc. Setting it to 1.0 applies normal risk at any time, 2.0 doubles the risk and increasing this value further increases the trading risk dramatically (which is not recommended).

  Decreased risk means that EA will open less trades (when Max Orders
  is auto) and use smaller lot size (when Lot Size is auto), increased
  risk means opposite - more available orders to open and
  proportionally sets the larger lot sizes.

  When value is set to auto, the ratio is recalculated at each new
  hour based on the new conditions.

  Recommended value: 0 for auto

• Risk margin [RiskMargin] (double)
  Sets the risk of the margin in percentage which you want to risk per
  each trade. Most of the trading experts advise that only 1% (or
  less) of the trader's capital is risked on each trade. This is also
  useful for accounts with larger capital in order to trade with small
  part of it. This change affects calculation of Max orders and Lot
  size when set in auto.

  Recommended value: 0 for auto (which currently it is always 1%)

• Close order after X hours [CloseOrderAfterXHours] (set 0 to
  disable)

  Close opened orders after certain amount of hours

Strategies

• Min. profit factor per strategy to trade
  [ProfitFactorMinToTrade] (double)

  Sets minimum required profit factor of strategy to trade.
  Recommended value is below 1.0 which indicate a losing strategy. If
  strategy reached maximum profit factor, it becomes suspended. This
  is useful to temporary disable strategies which aren't performing
  well in overall. The strategies are unsuspended on EA restart or by
  defining a custom action (e.g. None/New week/Unsuspend).
  Suggested value: 0.9 or below

• **Max. profit factor per strategy to trade
  [ProfitFactorMaxToTrade] (double)

  **Sets maximum required profit factor of strategy to
  trade. Recommended value is above 2.0 which indicate a winning
  strategy. If strategy reached maximum profit factor, it becomes
  suspended. This is useful to temporary disable strategies which are
  too successful, so they have time to calm down.
  Suggested value: >5.0

Boosting

Boosting parameters are checked every hour, on the hour. This is useful
for low-balance accounts during non-predictable periods when you'd like
to disable non-profitable strategies to decrease the risk. Or when you
would like to boost your profit when specific strategy is profitable for
specific period of time

• Enable boosting [Boosting_Enabled] (bool)

  Activates boosting feature (which is all settings below).

• Boost by trend factor [BoostTrendFactor] (set 1.0 for default)

  Boost each strategy by its profit factor.

• Multiplier for the best daily
  strategy [BestDailyStrategyMultiplierFactor] (set 1.0 for default)

  Lot multiplier boosting factor for the most profitable daily strategy.

  Suggested value: 1.5

• Multiplier for the best weekly
  strategy [BestWeeklyStrategyMultiplierFactor] (set 1.0 for default)

  Lot multiplier boosting factor for the most profitable weekly strategy.

• Multiplier for the best monthly
  strategy [BestMonthlyStrategyMultiplierFactor] (set 1.0 for default)

  Lot multiplier boosting factor for the most profitable monthly strategy.

• Multiplier for the worse daily
  strategy [WorseDailyStrategyMultiplierFactor] (set 1.0 for default)

  Lot multiplier factor for the worse daily strategy.

• Multiplier for the worse weekly
  strategy [WorseWeeklyStrategyMultiplierFactor] (set 1.0 for default)

  Lot multiplier factor for the worse weekly strategy.

• Multiplier for the worse monthly
  strategy [WorseMonthlyStrategyMultiplierFactor] (set 1.0 for default)

  Lot multiplier factor for the worse monthly strategy.

Conditions & Actions

• Enable account conditions [Account_Conditions_Active] (bool)

  When enabled, it activates account conditions. When disabled, all
  conditions/actions are ignored.

  Please note it is a very complex feature and it may negatively
  affect the overall performance and profitability if misconfigured,
  so please use it wisely.

  Be careful as this feature can be potentially dangerous as it can
  execute closure of certain group of orders or close them all for the
  given conditions. So please backtest your changes before trading.

  The number of allowed actions to configure depends on the EA major
  version. Lite has maximum of 5, Advanced may have maximum of 30.

• n. Account condition [Account_Condition_n] (enum)

  Checks the selected account condition. Set None to disable.

• n. Market condition [Market_Condition_n] (enum)

  Checks the selected market condition. Set None to disable.

• n. Action to take [Action_On_Condition_n] (enum)

  Executes the selected action only when both account and market
  conditions are met.
  All order closure actions will only affect orders which are owned by
  EA based on its configured magic number.
  Only one action per bar is allowed therefore multiple actions on the
  same bar may be ignored.

• Min pip profit on action to close
  [Account_Condition_MinProfitCloseOrder]
  Minimum pip profit when closing the orders via action. Currently
  this only affect the action which closes the most profitable order.

Logs & Messages

• Write file report on exit [WriteReport] (bool)

  When true, EA writes report into the file. When info messages are enabled, it is also displayed in the journal log.

• Display info on chart [PrintLogOnChart] (bool)

  When true, EA prints statistics on the current chart.

• Display errors [VerboseErrors] (bool)

  When true, EA prints errors to the journal log.

• Display info messages [VerboseInfo] (bool)

  When true, EA prints info messages to the journal log

• Display debug messages [VerboseDebug] (bool)

  Available in Backtest version only. Shows extra debugging (e.g.
  indicator values).

UI & UX

• Send e-mail per each order [SendEmailEachOrder] (bool)

  If true, EA sends the e-mail for each opened order with the details.

• Color: Buy [ColorBuy] (int)

  Color of the opening arrow on the chart.

• Color: Sell [ColorSell] (int)

  Color of the closing arrow on the chart.

• Enable sound alerts [SoundAlert] (bool)

  If TRUE, play sound for each opened and closed order.

• Sound: on order open [SoundFileAtOpen] (filename)

  Sound filename to play when order is opened.

• Sound: on order close [SoundFileAtClose] (filename)

  Sound filename to play when order is closed.

Backtesting

• Validate startup settings [ValidateSettings] (bool)

  When enabled, it validates startup account and market settings. It
  validates whether lot size, step, min lot, max lot and required
  margin is valid (above zero), checks whether account balance is
  non-zero, also verifies whether timeframes for activated strategies
  are properly configured. This is useful to verify that all
  settings for backtesting are fine, so the test results can be more
  reliable to avoid any mistakes related to misconfiguration of the
  platform. Invalid settings especially happens in off-line mode,
  where not all the data has been received successfully from the
  broker.

  Recommended value: True

• Demo market stop level [DemoMarketStopLevel] (int)

  Value of stop level in points (MODE_STOPLEVEL). By default platform
  sets 0 for demo or backtesting, therefore changing this value may
  simulate real market conditions.

Constants

• Unique magic number [MagicNumber] (int)

  Order magic number used as EA and strategy identifier. It can use
  +120 on top of it (each one for each strategy). Make sure you use
  different numbers when running multiple instances of EA robots on
  the same account.