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Parameters of Aeron Scalper Grid Expert Advisor [File B]- [Version-6]
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Magic_Number:
This EA uses Magic number, so it can be used with other EAs
or you can do manual trading as well in your account, this EA will not interfere
in other tradings because of its Magic Number.
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Scalper_Magic_Number:
This parameter is very important. It must be same magic number
as you set in Aeron-Scalper-Grid-File-A.
Say if Magic_Number in Aeron-Scalper-Grid-File-A is 123791 then in Aeron-Scalper-Grid-File-B
the paramater Scalper_Magic_Number must be same as 123791.
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Handling_Time:
Its value is in minutes.
Aeron-Scalper-Grid-File-B Expert Advisor will handle a position until its age is
>= handling_Time.
Say if Handling_Time=60, then if a opened position by Aeron-Scalper-Grid-File-A
is greater than 60 minutes old then only it will be handle by this Aeron-Scalper-Grid-File-B
Expert Advisor.
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Lots_Multiplier:
If it is 2, then subsequent lots will open in multiplication
of this factor. Say if first position which is handling by this EA is of 0.02 lots
size, and if EA needs to open further position, then it will be of 0.02x2=0.04 lots
size and so on ... ...
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Distance
It is the distance in pips between 2 successive positions.
If you set it 35, then on 4digit brokers it is 35pips and on 5digit brokers it is
automatically as 350 pips.
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Distance_Multiplier:
If it is 2, then subsequent positions will open at distance
equals to above parameter Distance multiplied by this paramater.
Say if EA needs to open second position and Distance=35 then its
distance from first position will be calculate as, 35x2=70.
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Profit:
If it is 0 then this parameter will be automatically calculated
by EA & you can see its value on the chart. This is the value in USD (depends
upon your account currency). If there is only one opened position and its profit
is equal to this parameter's value, then EA will close this position.
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Profit_Multiplier:
Its default value is 1.0. Let us consider its value is 2.0
so now suppose there is only 1 open position in your MT4 then above defined parameter
Profit will has its default value. In another scenario if there are 2 open positions
by this EA in your MT4 then value of the above Profit parameter
will be ProfitX2, similary if there are 3 positions then Profit
parameter will be valued to ProfitX2X2. Now when all opened positions cumulatively
comes in profit equal to this new Profit value, then EA will close
all of them.
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Maximum_Lots:
It is maximum value of Lots size which you can see in your
account by the EA. If it is 0.0 then it is automatic calculated and its calculated
value can be seen on the chart.
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Total_Positions:
It is the total maximum number of buy+sell positions which
EA is allowed to open.
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Reset_Days:
Here you can specify the number of days. If any trade by EA
is being old equivalent to ResetDays then EA will close out all positions and will
fresh start.
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Reset_Profit:
[this is the percentage of account balance] Say ResetProfit=5
so now if all positions by Aeron EA is greater than or equal to AccountBalance X
5 /100 in profit, then EA will close out all positions and will fresh start.
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Reset_Loss:
[this is the percentage of account balance] Say ResetLoss=20
so now if all positions by Aeron EA is greater than or equal to AccountBalance X
20 /100 in loss, then EA will close out all positions and will fresh start.
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Comments:
This is the text attached with each trade.
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ALL DEFAULT SETTINGS ARE STRONGLY RECOMMENDED.
Recommended Currency Pair and Time frame:
Must be same which you are using for Aeron-Scalper-Grid-File-A
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Do you have any doubt regarding parameters, then please feel free to ask us at aeron.scalper@gmail.com
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