PipStridertm User Manual

PipStridertm User Manual
PipStridertm User Manual
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE
CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED
RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT
BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE
IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY.
SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT
THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS
BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES
SIMILAR TO THOSE SHOWN. No representation is being made that any account will or is
likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp
differences between hypothetical performance results and the actual results subsequently
achieved by any particular trading program. Hypothetical trading does not involve financial
risk, and no hypothetical trading record can completely account for the impact of financial
risk in actual trading.
All information provided is for educational purposes only and is not intended to provide
financial advice. Any statements about profits or income, either expressed or implied, do
not represent a guarantee. Your actual trading may result in losses as no trading system is
guaranteed. By using the PipStridertm EA, you agree that you accept full responsibilities for
your actions, trades and profit or loss, and agree to hold the developers and authorized
distributors of the PipStridertm EA and this information harmless in any and all ways.
Please familiarize yourself with the method by which lot sizes are calculated. It is vitally
important that you do not exceed the recommended lot size in relationship to your
balance. There is no system of Forex trading that is guaranteed to be 100% safe, but
following these lot size rules will help increase your chances of success over the long
term.
Copyright © 2010-2012, Forex-Goldmine, Inc.
What is PipStrider tm ?
Welcome to PipStridertm, an automated foreign exchange trading system, or Expert Advisor,
that runs on the Metatrader 4 platform. It can trade on any currency pair. The PipStrider tm
features an exclusive Martingale Disrupter tm technology that helps protect your account
balance. Before you can use PipStridertm , you must download Metatrader 4 from a broker, and
open an account. A demo account is recommended for those learning foreign exchange or
getting started with PipStridertm.
Getting Started
Metatrader 4 can be downloaded from any broker that uses the platform to manage its
customers’ foreign exchange trading. We recommend a broker that allows you to trade micro
lots, ie, 0.01 lots. This is very critical. We also recommend that you use a broker that is not a
dealing desk, so that they are not trading against you. You may wish to consider Interbank FX,
out of Utah. They offer a mini account that allows you to trade 0.01 lots that are 1/10 the size
of the standard micro lots that are offered by other brokers. This will give you more granularity
in your lot sizes for the purposes of compounding. Other possibilities would be Forex.com,
GoMarkets, FXDD, or other similar brokers. These are mentioned because of their reputation as
established, regulated brokers, and not as to whether or not they function as a dealing desk.
With these last mentioned brokers, you would not want a mini account, but would want a
standard account that trades micro lots. As long as you can trade micro lots, feel free to use
any broker that you feel comfortable with, and where you feel your money is safe.
What We Need From You
If you have not already specified a live account number, we need one live account number that
you would like to have the PipStridertm activated for. We also need up to 3 demo account numbers
that you wish to use. Please send an email to the support address where you purchased the
PipStridertm, requesting that the EA be allowed to trade on those accounts.
Installing PipStrider tm
1. Close all open Metatrader platforms.
2. If installing the PipStridertm from an installer application, simply run the PipStridertm installer
application. The EA and associated files will all be installed to their proper locations in each of
your Metatrader platforms. If you wish to install the EA manually, then you will need to copy and
paste the PipStrider.ex4 file into the experts folder of your Metatrader 4 platform. You will also
need to copy and paste the PipStrider.dll file into the libraries folder that is in the experts folder of
your Metatrader 4 platform. All of the settings files would go into the presets folder that is in the
experts folder of the platform.
3. Restart your Metatrader platform(s). From the Market Watch (Control-M), select a currency pair
to open the first chart. It will display with a 1 hour (H1) time frame.
Copyright © 2010-2012, Forex-Goldmine, Inc.
4. Display the Navigator (Control-N or View Navigator. Drag the PipStrider from the Expert
Advisors branch of the Navigator tree onto the open chart.
5. In the open PipStrider dialogue box, under the Common tab, place a check beside “Allow Live
Trading”. This will allow the PipStrider Expert Advisor to work on the chart.
6. To turn on Expert Advisors, ensure that the Expert Advisors button on the Metatrader toolbar is
green. If it is red, click on it so that it turns green. In the upper right corner of the chart, the word
“PipStrider ” should appear, followed by a happy face ☺.
7. If an x appears in place of the happy face, double check that the Expert Advisors button on the
Metatrader toolbar shows a green hat and arrow. Click on it if it does not.
8. If a frowny face / appears in place of the happy face, open the dialogue box (by pressing F7),
click on the Common tab, and make sure that there is a check next to Allow Live Trading. Press
OK to close the dialogue box.
Using PipStrider tm
PipStridertm user settings are made in the dialogue box. To open the dialogue box, select the
chart on which you want to adjust PipStridertm settings, and press F7. Once you have made
changes to the settings, save the new settings by pressing OK.
User Settings
tm
The default value of true will allow PipStrider to open trades.
tm
If this is set to false, PipStrider will not open any new
trades, but it will it continue to manage any open trades.
DoTrades (default = true)
MonitorAndClose (default = false)
If true, monitors and continues an existing trade sequence as
needed, and closes trades when appropriate but does not
allow any new trade sequences to be opened.
StealthMode (default = false)
Default is False. If False, the TakeProfit shows on the platform
as in previous versions. If True, the TakeProfit is removed
from each trade, and the EA monitors the trades internally for
when they should be closed.
AutoStealthMode (default = true)
If set to true, will automatically put the EA into stealth mode a few
hours before the market closes for the weekend, and will take it out of
stealth mode a few hours after the market opens again on Sunday
evening. True is the recommended setting.
AllowLotsBeyondMaxSize (default = false)
If true, then with large accounts, the EA will open multiple
trades when lot size grows to more than broker allowed max
lot size. If broker max=50, and EA wants to open 53.50 lots,
then it will open 1 trade at 50 lots and 1 trade at 3.50 lots.
This should be kept as false unless your account is
large and the function is actually needed. If true, then
trades that are very close together in price are considered as
1 trade by the EA. If false, then each trade is kept separate no
matter how close in price it is to an adjacent trade.
Copyright © 2010-2012, Forex-Goldmine, Inc.
ModifyMartingale (default = true)
If true, then the martingale sequence is modified to repeat
the lot size of the first trade for the second trade. Thus, the
sequence would be 1, 1, 2, 4, 8, 16.
If false, the regular martingale sequence of 1, 2, 4, 8, 16,
32 would be used as in previous versions of the EA.
The advantage of using this is that a much lower overall total
number of lots will be opened, and thus the BalanceFactor can
optionally be lower due to the decreased risk. However, if you
do reduce your BalanceFactor, be sure to set ModifyMartingale
to true!
TradeDirection (default = 3)
If left at 0, the EA will open buy and sell trades, and will
monitor each side as a separate martingale series. If set to 1,
then only buy trades will be opened, and if set to -1, then
only sell trades will be opened. 2 will alternate between buy
and sell, and 3 will use a formula to decide between buying
and selling. Settings 2 and 3 trade in one direction at a time,
and are intended for U.S. Traders. Of the two choices,
TradeDirection 3 is the preferred choice and recommended for
U.S. Traders who must trade in only 1 direction.
TradeDirection 3 is also good for non-US traders due to lower
drawdown and is strongly recommended.
TradeRange (default = 40)
This sets the level for the TakeProfit on each trade, and also
sets the level where the next trade in the series will be
opened, if necessary. If left at 0, it will calculate a variable
trade range based on the average true range of prices.
WaitPips (default = 0)
If >0, then the EA will not immediately open a trade or
trades, but will wait until price moves down x pips in the case
of a buy, or until the price moves up x pips in the case of a
sell, before it actually opens up a trade.
StopLoss (default = 0)
Optional, but not recommended. It is far better to leave this
at 0.
UseMartingaleDisrupter (default = true)
Set to true to use the exclusive Martingale Disruptertm
technology to help protect profits from a runaway martingale
sequence. This works in conjunction with the next four
settings. True is the recommended setting.
AdjustTakeProfit (default = false)
If true, will adjust the TakeProfit as needed to allow for the
DisrupterClose prices to move to cover increasing negative
swap. False is the recommended setting, to avoid other
unwanted consequences of setting it to true.
DisrupterClose (default = 0.75)
Used in conjunction with the OnlyAfterLevel setting, this helps
the EA to avoid going too high in the martingale levels. If the
level is at the OnlyAfterLevel or higher, you can specify that
even a small profit will be taken, if available, instead of waiting
for the full TP to be reached. This is a very useful tool and it is
recommended that you use it.
DisrupterClose2 (default = 0.75)
Used in conjunction with the OnlyAfterLevel2 setting, this also
helps the EA to avoid going too high in the martingale levels.
If the level is at the OnlyAfterLevel2 or higher, you can specify
that you want the trade sequence closed sooner than normal
instead of waiting for the full TP to be reached.
OnlyAfterLevel (default = 5)
Specifies the trade level where the Martingale Disruptertm
technology starts to work.
Copyright © 2010-2012, Forex-Goldmine, Inc.
OnlyAfterLevel2 (default = 6)
Specifies the trade level where the Martingale Disruptertm
technology becomes even more aggressive in doing its work to
get you out of the trade sequence.
MaxBuyMartingaleLevel (default = 6)
This sets the maximum martingale level that is allowed to be
opened on a buy series. If the trading comes to the point
where a higher level would normally be opened, the EA will
close all trades in that series and start over at level 1.
MaxSellMartingaleLevel (default = 6)
This sets the maximum martingale level that is allowed to be
opened on a sell series. If the trading comes to the point
where a higher level would normally be opened, the EA will
close all trades in that series and start over at level 1.
CloseBuyBeyondMax (default = false)
If true, then when the price reaches the place where the EA
would normally open a trade beyond the MaxMartingaleLevel,
the EA closes all open buy trades (at a loss) on that side. If
False, then the EA does not close the trades, but just allows the
trades to sit there waiting for a retracement, and it does not
open any additional buy trades beyond the MaxMartingaleLevel.
CloseSellBeyondMax (default = false)
If true, then when the price reaches the place where the EA
would normally open a trade beyond the MaxMartingaleLevel,
the EA closes all open sell trades (at a loss) on that side. If
False, then the EA does not close the trades, but just allows the
trades to sit there waiting for a retracement, and it does not
open any additional sell trades beyond the MaxMartingaleLevel.
MaxDrawDownPct (default = 100.0)
The maximum drawdown that can occur between the account
balance and account equity before the EA will close all of its
trades. This is not the primary way to tame the martingale
series, since there are other settings which mitigate the
Martingale series.
LimitToThisPair (default = false)
If true, only the drawdown from the trades of this currency
pair is used in calculating the drawdown percent. If false,
then the entire account equity vs. balance is used.
UseGridExpander (default = true)
If true, expands the TradeRange when the trade level for
either side reaches or exceeds the OnlyAfterLevel.
ExpandPips (default=0)
No. of pips to expand the TradeRange if above is true, and
trading has reached the OnlyAfter level.
ExpandPips2 (default=0)
No. of pips to expand the TradeRange when the
OnlyAfterLevel2 is reached.
TradeLots (default = 0.0)
This should be left at 0.0, 0.01 or 0.02 unless you have an
unusually large account. This sets the size of the first trade in
the Martingale series. Anything larger than 0.02 is usually not
necessary and is usually dangerous.
Copyright © 2010-2012, Forex-Goldmine, Inc.
BalanceFactor (default = 3000.0)
Not used if you specify an amount in TradeLots. Calculates
the TradeLots for you, as 0.01 lots per BalanceFactor worth of
account balance.
ControlBalance (default = 0.0)
If you would like to withdraw profits at fixed profit intervals,
and even have back tests take that into account, then put
your starting balance here. This works in conjunction with
the next three settings.
This is where you put the amount of profit you would like to
withdraw each time your account equity reaches this amount
of profit over your ControlBalance amount. The BalanceFactor
will then calculate lot sizes based on your new internal
“Working Balance” instead of the balance that the platform
thinks you have.
LockInProfits (default = 0.0)
StopWhenProfitReached (default = false)
If true, then when the account equity is equal to the sum of
the ControlBalance and the LockInProfits amounts, all open
buy and sell trades are closed and the EA waits until the
profit amount is withdrawn from the account before resuming
opening trades.
ResetFundsWithdrawn (default = 0.0)
If 0, nothing is reset. If it is a positive number, then the
FundsWithdrawn value is set to that positive number. If you
put -1 (or any negative amount) into this setting, it will reset
the FundsWithdrawn back to 0. When backtesting, this should
always be set to -1. The total funds withdrawn and the
internal working balance can be viewed in the back test
journal, at the conclusion of each back test.
MaxLots (default = 1000)
If the BalanceFactor is used, then sets the maximum number
of lots that can be calculated via that method as the start of
the Martingale series.
MagicNumber (default = 734775)
The number series assigned to trades opened so that
tm
tm
PipStrider can control exits. If PipStrider is attached to
more than one currency pair, the MagicNumber must be
tm
changed so that each instance of PipStrider will control its
own trades. Use this feature when trading any currency pair.
Send_Email (default = false)
If set to true, the EA will send an email to let you know what
the current martingale level is for each side (buy and sell)
and also the current profit for open trades on each side.
Send_Frequency (default = 0)
Determines the frequency, in minutes, that emails will be
sent. Possible values are 60, 240, 480, 720 and 1440 for
hourly, every 4 hours, every 8 hours, every 12 hours, and
once a day.
Send_Minute (default = 0)
Sets which minute of the hour you want your emails to be
sent. If set to 10, for example, and if Send_Frequency is set
to 60, then an email will be sent on the first tic at 10 minutes
after each hour.
Sunday (default = true)
Trade on Sunday evening? True or false.
Monday (default = true)
Trade on Mondays? True or false.
Tuesday (default = true)
Trade on Tuesdays? True or false..
Copyright © 2010-2012, Forex-Goldmine, Inc.
Wednesday (default = true)
Etc.
Thursday (default = true)
Etc.
Friday (default = true)
Etc.
ResetMaximums (default=false)
Resets history of Maximum Martingale Levels Reached back
to 0.
The number of days to look back as part of the calculation to
decide whether to open a buy or a sell trade sequence when
the TradeDirection is set to 3. If the TradeDirection is not 3,
this setting is ignored.
LookBackDays (default=5)
CenterPrice (default=0.0)
LookBackMinimumPips (default=125)
If 0.0, the LookBackDays setting is used to determine the
Center Price to determine whether to buy or sell. Otherwise,
the price entered in this field hard sets the Center Price
where trade direction changes.
When calculating the range between high and low for the
past LookBackDays, the look back is extended if necessary to
force this minimum number of pips. This affects the price at
which the trade direction changes between buys and sells.
CloseAllBuyTrades(default-false)
If true, all buy trades that are open are closed. Be sure to
have DoTrades set to false, otherwise a trade will open again.
CloseAllSellTrades (default=false)
If true, all sell trades that are open are closed. Be sure to
have DoTrades set to false, otherwise a trade will open again.
Please Note: It will be very useful for you to get the PipStrider tm Hints and Tips Newsletter. This
newsletter will give you lots of information on the various settings, and will help you to
understand why you should use certain settings. You can subscribe to this newsletter at
http://www.pipstrider.com/subscribe.html .
How to Set Up the Send Email Feature in Metatrader 4
To use the send e-mail feature, you must have access to an SMTP mail server that does not
require TTL or SSL. It must allow a straight transfer of e-mail without either of those encryption
methods. You also need your user login and password and the port number for that server. Once
you have that information, go to your Metatrader Platform and at the top, click on "Tools". Then,
when the menu drops down, click on "Options". Then find the E-Mail tab and click on that.
Next, you need to put a check in the "Enable" box to turn this feature on. Then fill out the required
information with your SMTP server and E-Mail account information.
*** Important: You must put a port number after the name of your SMTP server, preceded by a
colon (:) . For example, if your server uses port 26, then your server name would be entered as
follows: yourservername:26
It might look something like this: smtp.servername.com:26 or
(another server using port 80) smtp.mailserver.net:80
Copyright © 2010-2012, Forex-Goldmine, Inc.
You can have the e-mail sent as a text message to your cell phone. Follow the instructions from
your cell phone provider on what to enter as the email address in that case. For Verizon, it would
look like this: [email protected] or [email protected] .
Each cell phone provider has their own domain to use, so check with your company if it is not
Verizon.
When you have entered all of the information, then click on the "Test" button and then close that
form by clicking on the OK button. Then look under the journal tab at the bottom. It will tell you
whether the test e-mail was sent or whether an error was encountered. In some cases, it may
take several seconds for the message to show up under the journal tab.
Money Management and Safety
PipStridertm is designed to be as safe as possible, although no forex trading system can be
100% safe. Consequently, it is highly recommended that users consider withdrawing ½ of any
profits generated at the end of each month from their accounts, and set this money aside. This
should be done until an amount equivalent to the original investment has been withdrawn. At this
point, only profits are being traded, and the original principal can no longer be lost.
How PipStridertm Works
The objective in designing PipStridertm was to achieve a reasonable risk level in forex trading
while generating significant profits comparable to other forms of investment. The PipStridertm
uses a Martingale method of setting lot sizes for each trade. Normally, the martingale method is
frowned upon by experienced traders, because it can be very dangerous. However, we have
invented a new exclusive technology that we have chosen to call the Martingale DisrupterTM
which helps protect your account balance. It tames the martingale so to speak, and allows you
to use it with much less danger than is normal. While no martingale system is absolutely 100%
safe, it is our belief that the methods we use to mitigate the dangers will go a long way to help
avoid the usual problems associated with the martingale system. To our knowledge, the
PipStridertm is the very first and only EA to use this new technology in association with the
martingale method of trading. The martingale system and the Martingale Disrupter TM are
explained in more detail in the following pages.
Important Note
Even though the PipStridertm EA uses the Martingale DisrupterTM to help the martingale to be
less dangerous than normal, the martingale system should still be respected as being potentially
dangerous. The developer and distributors of this EA cannot give you trading advice, but we can
tell you that we would not use aggressive settings if we were not thoroughly experienced with
this EA, and did not understand the principles behind it. There is a place for the more aggressive
settings, but not when you first use the EA.
For Moderate Risk Settings: Minimum balance in a standard account with 100K lot sizes would
be $5000, with $6000 preferred when trading only the AUDCAD pair. TradeLots=0.01 . If you are
trading in an IBFX mini account with a base lot size of 10K, then your minimum balances would
Copyright © 2010-2012, Forex-Goldmine, Inc.
be $500 with $600 preferred to trade the AUDCAD pair only. In either case, you should make
certain that you are able to trade 0.01 lots as your minimum lot size.
Detailed Explanation of How the Martingale System works :
The martingale is a system, or pattern that some gamblers have used in casinos. They bet on
either black or red on the roulette wheel, for example. (This is a very simplistic example that does
not take all the elements of a roulette wheel into consideration.)
They bet $1.00 on black.
Red comes up.
They lose. So they bet $2.00 on black.
They lose.
They bet $4.00 on black and lose.
They bet $8.00 on black and it comes up black. They win enough to cover all their previous losses
and make a little bit besides.
The problem is...
1. In theory, it is possible to lose so many times that you just don't have enough money to double
your bet again.
2. The casinos have a table limit, that you cannot bet more than x dollars in one bet. That keeps
people from cleaning them out with the martingale pattern.
In the PipStridertm EA, each trade, buy and sell is totally separate. The following explanation is
only for the buy side, but it applies in reverse for the sell as well.
The EA buys 0.01 lots at a price of 1.0000, for example, and the TakeProfit is set at 1.0040 (40
pips).
The price goes down (We lose that bet, but the trade is still open).
When the price goes down 40 pips to 0.9960, the EA buys .02 lots. Notice that we just doubled
our bet by doubling the lot size. As soon as that second trade is opened, the take profit on both
buy trades is set to the opening price of the previous (or first) trade.
The price goes down again. We lose again, but both trades are still open.
Copyright © 2010-2012, Forex-Goldmine, Inc.
The EA buys 0.04 lots at 0.9920 (40 more pips down). The TakeProfit is now set to the opening
price of the next to the last trade, or 0.9960 on all trades.
This time, the price goes up 40 pips and all 3 trades close at 0.9960. Because of the 0.04 lots on
the lowest trade, we actually come out ahead, even though the first trade was a loser, the 2nd
trade broke even, and the last trade won 40 pips.
The Martingale DisrupterTM
Now, since the Forex market can move fast at times, and because we only have so much margin
that we can work with, we do not want to keep doubling our trade lot sizes too quickly. So,
starting with level 3 or 4 (your OnlyAfter setting) the EA begins to utilize the various elements of
the Martingale DisrupterTM . You will notice a different size for each element of the trading grid,
and the trades might close even earlier than what was shown in their TakeProfit setting. All of
that is working together to put the "brakes" on the martingale, making it safer than if we had not
put it to use.
It is possible for prices to move in such a way that the main elements of the Martingale
DisrupterTM do not have a chance to work, and so you always have to be prepared for more
extreme measures. In this case, once you reach the level that is the equivalent to your
MaxMartingaleLevel setting, if the prices move so that the EA would normally try to open yet
another trade at double the lot size again, the CloseBeyondMax settings can be set to instruct the
EA to close all the trades in that series instead (at a loss). The idea is to get out of that series and
pick up the pieces and continue on from there. Fortunately, the Martingale Disrupter TM does work
most of the time, and such occurrences, where a trade series has to be closed at a loss, are
relatively rare. But they still can happen.
Finally, while the buy side is doing all of what we have explained so far, the sell side is doing the
exact same thing, with its own series of trades (if you are a non-U.S. Trader and can trade both
directions at once), and it is keeping track of them totally separate from the buys, except that the
sells have to go down 40 pips to win, and up 40 pips to lose. So, even if a buy trade loses
because the price went down 40 pips, a sell trade just won because of that.
How the Martingale DisrupterTM Helps Your Trading:
The first graphic shows the equity and balance curve on an AUDCAD backtest for the month of
Oct. 2009. The MaxMartingaleLevel setting is set to 6, but the OnlyAfterLevel setting is set to 8,
so that the Martingale Disruptertm never activates. For the second graphic, all settings were left
the same, except that the OnlyAfterLevel setting was set to 3, so that the Martingale Disrupter tm
was able to activate.
Copyright © 2010-2012, Forex-Goldmine, Inc.
Without the Martingale Disruptertm :
With the Martingale Disruptertm :
BeeksFX VPS: Trading with Security
PipStridertm can operate on a Virtual Private Server (VPS) for added security. A VPS is a secure
server on which you can open a personal account for trading with the Metatrader Terminal and
install the PipStridertm EA just as you would on your home computer. With BeeksFX VPS, your
PipStridertm trading platform is hosted remotely from your computer, so when you lose your
Internet connection or experience computer down time due to maintenance or power outages,
your PipStridertm continues to trade uninterrupted. BeeksFX VPS offers several levels of service to
suit the needs of all levels of trader. I can personally recommend this particular VPS because
they state explicitly that they do not limit you on processes. Most VPS providers will give you a
decent amount of RAM, such as 768 MB, and will give you a decent amount of disk space, such
as 10 or 15GB. But then they turn around and limit you to only enough CPU usage to allow for 2
Metatrader platforms. That is inadequate for most serious Forex traders. I am pleased that
BeeksFX does not play that game and does not put those unrealistic limits on your CPU usage.
For additional information on BeeksFX VPS, or to open an account, go to:
http://3f910hydrzz2q858u5wmstzj2h.hop.clickbank.net/
In the interests of full disclosure, that is a referral link. But I would recommend this VPS even if
you do not use that link.
For instructions on how to connect to a VPS from your computer desktop, go to:
http://www.youtube.com/watch?v=d7-oadqBRzM
Copyright © 2010-2012, Forex-Goldmine, Inc.
On Chart Display
PipStridertm displays information on the currency pair chart in order to keep you
informed of its status and trading. The on-chart information is summarized in the
following table:
PipStrider x.xx
Current Server Time
Account Leverage
EA name and release number
The current time according to your broker's server
The leverage on your account.
Spread
Shows the current spread for the currency pair.
Balance Factor
Displays what you have in your BalanceFactor setting.
Current Equity Drawdown Percent
Shows the current percentage of drawdown on your account equity.
Trade Lots
This shows what you have in your TradeLots setting.
Base Lots
The starting number of lots for each Martingale series.
MagicNumber
Used to associate the trades of this EA to this EA.
Trade Direction (default=3)
Either Buy and Sell, Buy only, or Sell only. This is determined by the
TradeDirection setting. (0, 1 -1 or 3).
Price Where Trade Direction
Changes
Set Trade Range
The price where the trade direction is calculated to change from sells to
buys or from buys to sells
The Trade Range in Pips for each trading grid level that is actually set in
the TradeRange setting.
A calculated range based on recent price movements.
Average True Range
Calculated Trade Range
The actual trade range used based on Average True Range calculations
if the TradeRange setting is set to 0. If there is something other than 0 in
the TradeRange setting, then that is used instead.
Maximum Allowed Buy Level
The maximum buy trade level allowed per the MaxMartingaleLevel
setting.
The maximum sell trade level allowed per the MaxMartingaleLevel
setting.
Not Used Currently
Maximum Allowed Sell Level
Not Used Currently
Not Used Currently
Not Used Currently
Not Used Currently
Not Used Currently
Not Used Currently
Not Used Currently
Not Used Currently
Next Buy Price
The price at which the next buy trade will be taken.
Copyright © 2010-2012, Forex-Goldmine, Inc.
Buy Side TakeProfit
The current TakeProfit on the buy side.
Not Used Currently
Calculated Buy Disrupter Price
This is a calculated estimate of when the Martingale Disrupter™ will
close the trades on the Buy side. It only is applicable at OnlyafterLevel
or above. Below that trade level, it displays 0.0000 .
Next Buy Lots
The anticipated lot size of the next buy trade.
Next Sell Price
The price at which the next sell trade will be taken.
Sell Side TakeProfit
The current TakeProfit on the sell side.
Calculated Sell Disrupter Price
This is a calculated estimate of when the Martingale Disrupter™ will
close the trades on the Sell side. It only is applicable at OnlyafterLevel or
above. Below that trade level, it displays 0.0000 .
Next Sell Lots
The anticipated lot size of the next sell trade.
Current Buy Level
The current Martingale level on the buy side.
Current Buy Side Profit
The current profit for all open buy positions.
Current Sell Level
The current Martingale level on the sell side.
Current Sell Side Profit
The current profit for all open sell positions.
Maximum Sell Level Reached
The Maximum sell martingale level reached historically in trading since
the last time this value was reset.
Maximum Buy Level Reached
The Maximum buy martingale level reached historically in trading since
the last time this value was reset.
Account Authorized
True, if your account authorized for trading. Demo accounts are
authorized, but live accounts must have a license purchased in order
to be authorized.
Monitor And Close
Displays the current setting for the MontorAndClose setting. If true, the
EA will monitor the current trade sequence for each side, and will even
open additional trades if needed to carry the existing sequence to its
normal conclusion. However, once a buy or sell sequence is closed, a
new trade sequence will not be opened.
DoTrades
Displays the current setting of the DoTrades setting. If true, the robot
will trade when the price is hit and the expert button is green, allowing
the order to be sent.
Copyright © 2010-2012, Forex-Goldmine, Inc.
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