Strategy management block.

Here you may select whether or not the SMART MACHINE EA will work with the identical lot, transactions might be opened incrementally, or vice versa, go to a lower in quantity however not decrease than 0.01 lot.

• MoneyManagmentType – (1) – Allows a rise or lower within the opening quantity of the next transactions, the preliminary lot and the Increase / Decrease coefficient are set individually beneath.
• MoneyManagmentType – (2) – Trading might be carried out solely with a set lot, which is indicated beneath. (Averaging).

*** In basic, accounts work with parameter 1 – this lets you shut transactions with greater profitability sooner, when setting MoneyManagmentType – (2) you’ll have to wait longer for closing positions.

Block management of the preliminary and subsequent positions.

• Constant_or_Balance – true – The preliminary order quantity might be fixed and equal to the ConstantLot worth specified beneath. False – The lot measurement of the primary order will dynamically change together with the change within the deposit and can rely on the Percentage Of Auto lot Volume parameter and the dimensions of the deposit, calculated by the formulation:
  • Lots = AccountBalance() * (RiskPercent / 100.0) / 10000.0
• ConstantLot – The parameter units the preliminary mounted lot for buying and selling. Works solely when Constant_or_Balance is true.
• Percentage Of Autolot Volume – The preliminary lot is about relying on the deposit based on the formulation above.
  • *** As a rule, the bulk units Constant_or_Balance – true and ConstantLot 0.1 – 0.5 tons for each $10,000 deposit, however this doesn’t imply that these are the most effective settings and altering this parameter can transform the work of the Best Forex Robot.
• TakeProfit – the specified worth of revenue in factors when closing an order or a bunch of orders. Everything is easy right here, the upper the worth – the upper your profitability from every place you open, the image reveals the worth 30, which equals 30 pips or three four-digit factors.
• Step – This parameter is accountable for the minimal allowable distance between two opened orders. The decrease this parameter, the extra actively the Best Forex EA will work and vice versa. In the image above it’s 70, which implies that the subsequent commerce will open no sooner than 70 pips or 7 four-digit factors.
• MaxOrders – a parameter that limits the variety of concurrently open orders.

Money administration management block

• Use_Restrictions true – allow or false – disable deposit safety by closing all transactions – when the restrict worth of the utmost drawdown set by you as a proportion of your complete deposit is reached. Most buyers don’t embody this selection.
• LimitSize – a limiter for the allowable drawdown from trades, indicated as a proportion of the deposit quantity. Will solely work if the earlier parameter is about to True.