How to set the EA ? Steps to follow: 1) add the EA to the chart trading instrument 2) in the pop up window the following fields are stating for: START AND STOP TIME = brokers time when the EA will start to trade and stop to open new sequences. Please be informed that the STOP TIME will not close automatically all the open positions at the desired time. When the trade is open and the STOP TIME has passed the EA will continue trading until will reach the parameters from the setup. EXAMPLE: The EA will have to start at 9:00 of broker time and stop opening new sequences at 16:00 . If the EA will open a new sequence at 15:59 he will continue trading until reach the TP or the SL of the last trade in the sequence. The first trade direction - Buy / Sell / Use RSI Example: Buy - at 9:00 the system will open a long position Sell - at 9:00 the system will open a short position RSI: the system will start to work at 9:00 and if the RSI of the time frame (Buy side time frame OR sell side time frame) indicated in the parameters will be higher and equal OR lower and equal to the parameters set in the fields then the EA will trade accordingly. Use RSI as a filter : yes = true / No =false - if you use RSI - State - TRUE to make it work Example: You are trading based on RSI (3) on time frame 30M with the entry levels of 10 for Buy and 90 For Sell. Then you have to set the parameters Buy side timeframe: 30M Buy side period: 3 Buy if RSI < : 10.0 Sell side timeframe Sell side period: Sell if RSI > : 90.0 Stop trading when the sequence is on lost = True / False True= When the last trade in the sequence will close on lost the EA will stop trading. False = After the last trade in the sequence will close on lost, the EA will open the sequence again. Take profit = ammonuts of Pips from the last opened trade (short or long) Example: Take Profit = 30 GBPUSD: 1.3000 - BUY - TP will be set at 1.3030 level GBPUSD: 1.3000 - SELL - TP will be set at 1.2970 level Stop loss for the last trade. To reduce the loss on the last trade you can set the SL level of the last trade according to your preferences. Example: You set up the amounts of trades = 5 Your recovery zone range is = 20 Odd Lot multiplier - 2 Even Lot multiplier - 2 Starting lot size - 1.0 The market is in consolidation, the EA have opened 4 trades (2 Long and 2 Shot) and is going to open the 5th one. (last trade) If you set up the Stop loss for the last trade = 15 it means that if the market after opening the 5th trade falls of 15 pips the hole sequence will be closed. Calculations LAST TRADE SL = 0 $ LAST TRADE SL = 15 $ 1st trade - 1 LOT -20 PIPS x 1 LOT $10 x -20p = -$200 -20 PIPS x 1 LOT $10 x -20p = -$200 2nd trade - 2 LOTS 0 PIPS x 2 LOTS $20 x 0p = $0 0 PIPS x 2 LOTS $20 x 0p = $0 3th trade - 4 LOTS -20 PIPS x 4 LOTS $40 x -20p = $-800 -20 PIPS x 4 LOTS $40 x -20p = $-800 4th trade - 8 LOTS 0 PIPS x 8 LOTS $80 x 0p = $0 0 PIPS x 8 LOTS $80 x 0p = $0 5th trade - 16 LOTS. -20 PIPS x 16 LOTS $160 x - 20p = $-3200 -15 PIPS x 16 LOTS $160 x - 15p = $-2400 total * 420 * $4200 340 * $3400 : Recovery zone range = amount of pips between the Long and short position Example: Recovery zone range = 20 GBPUSD - BUY from 1.3000 with 1 LOT the EA will create automatically a pending SELL STOP order at 1.2980 Decrease zone range = the distance between the 2nd trade and the 3th and from the 3th trade to the 4th trade will be decreased by the amount of pips present in the field. Example: Recovery zone range = 50 Decrease zone range = 5 1st Trade: BUY at 1.3000 2nd Trade: SELL at 1.2950 3th Trade: BUY at 1.2995 4th Trade: SELL at 1.2955 5th Trade: BUY at 1.2990 In this case the Break Even is closer and the trailing stop will be triggered after reaching less amount of Pips. Starting lot size - lot size of the first trade Odd lot multiplier - all the odd trades (3,5,7,9etc.) except the 1st one will be bigger in lot size from the even (2,4,6,8 etc.) Even lot multiplier - all the even trades starting from the 2nd trade will be bigger by the multiplier present in the field Max trades amount - maximum amount of trade present in 1 sequence. Trailing stop Start trailing after N trades - where "N" represent the trade number in a row. Example: Start trailing after N trades = 3 TP = 30 Recovery zone range = 20 Scenario 1: 1st Trade = 1.3000 with TP at 1.3030 If the market will go in favor of this Trade and the price will hit the TP the EA will close the sequence. Scenario 2: 1st Trade= 1.3000 with TP at 1.3030 If the market will not go in favor of this Trade the price will reach the level if the second Trade (2nd trade = 1.2980 with TP 1.2950) the sequence will stop if the price will hit the 2nd TP (1.2950) Scenario 3: The price will reach the 2nd entry point (1.2980 ) however will not reach the 2nd TP (1.2950) and will go at the entry level of the 1st Trade and activate the 3th Trade. The sequence will close automatically after reaching in plus the amount of pips equal to the Number entered in Trailing Trigger (Pips) Example : Start trailing after N trades = 3 Trailing Trigger (Pips) = 5 The sum of all trades ( 1st and 3th on positive and 2nd negative ) in pips will be equal to 5 + , then the Trailing Trigger will take place. After the Trailing Trigger is active it is transforming immediately in Trailing Stop Loss. Trailing Distance ( pips) - and Trailing Step - (pips) After triggering the Trailing Trigger, the price might continue to go in our favor. This functions allow us to maximise the profits and moving the Trailing Stop Loss every number of pips equal to the amount entered in Trailing Distance ( pips). Example: Trailing Distance ( pips) = 3 Trailing Step ( pips) = 1 Position / Last open Position : BUY The trailing Trigger is active at the price of 1.3052. The market is moving in favor of the EA and has reached the level of 1.3055. The EA is moving the Trailing Stop Loss for 1 PIP to 1.3053 level and continue to do so every 3 pips.