EA Settings Guide

If you want to use several experts at the same time, each expert must have a different magic number.
Otherwise, the experts will not work well.

For example, if you want to run 2 or more experts, or you want to run one expert in different time frames, or if you want to run one expert in one time frame but in different currency pairs, for the first expert, a magic number And choose a different magic number for the second expert and a different magic number for the third expert.

The magic number can be any number from 1 to 999999999.
This number has no effect on trades. Basically, it is an ID for each expert.

Comments are useful for identifying multi-expert trades.
If you have run several experts at the same time, with our expert comment, you will know which trade is for our expert.
In the default settings, the comment is equal to: “Expert name”
You can set your own comment.
This setup is great when you run our Expert on multiple time frames Or when you run several different experts.

You can set the lot amount manually. From 0.01 lots to 1000 lots. (The maximum lot size depends on your broker. For example, a broker may not allow you to trade more than 50 lots.)
This mode is variable in the default settings. That is, in each trade, the lot amount is different.
If you change these settings, the expert trades with a fixed amount of lots in each trade.
Default setting: 0.0 (A value of 0.0 means that the expert trades based on the percentage settings ( variable )).
Best setting: 0.0 (It is better that the amount of "Lot" in each trade is not fixed.)

You can adjust the TP value yourself. (Based on points)
In the default mode (TP=0), the profit limit is determined by Expert.
Default setting: 0
Best setting: 0 (It is better for Expert to determine the amount of the profit limit.)

Pay attention that if you change these settings, you must also set and change the SL.

You can adjust the SL value yourself. (Based on points)
In the default mode (SL=0), the profit limit is determined by Expert .
Default setting: 0
Best setting: 0 (It is better for Expert to determine the amount of the profit limit.)

Pay attention that if you change these settings, you must also set and change the TP.

Enable or disable Limit the number of trades (signal)
If this setting is " FALSE ", the number of signals or trades will increase.
If this setting is " TRUE ", the number of signals or trades will be reduced.
By " FALSE " these settings, the expert may perform several trades at the same time.
For example, it may do several trade “buy” or “sell” in one process.
be careful. If your risk is high, it is better not to " FALSE " this setting.
If you want Expert to trade according to "FIFO" rules, do not " FALSE " this setting.
FIFO rules are more important for American brokers.

Default setting: TRUE
Best setting: TRUE

Risk is the amount of money that is added or subtracted from your account in each trade.
For example, if you risk 1% (and your capital is $1000) And your trade is closed at a loss, you will lose 1%. That is, 0.01*1000 = $10, you lose $10.

If your broker account is not based on dollars, it is better not to use these settings and use fixed lot settings (manual lot).

These settings show that this expert is composed of several strategies.
Making multiple strategies in one expert is very difficult and complicated. Basically, it can be said that each strategy is a completely different expert.
For example, a strategy is based on candlestick patterns, a strategy is based on harmonic patterns, a strategy is based on price action, a strategy is based on artificial intelligence, a strategy based on enhanced for uptrends, an enhanced strategy for downtrends, etc.

We compare the strategies used in "Dragon Multi EA": This expert trades based on price action.

Activation or deactivation of " buy " trades
If this setting is active, the expert will perform " buy " trades.
If this setting is disabled, the expert will not perform " buy " trades.

Activation or deactivation of " sell " trades
If this setting is active, the expert will perform " sell " trades.
If this setting is disabled, the expert will not perform " sell " trades.

Enable this section if you want to use the breakeven settings
Suppose your trade is currently running and has more than 500 points in profit, and you want to close the trade if the reversal and trading process is at a loss. To do this, enable these settings. That is, equal the loss limit with the opening price of the trade. In this case, if the trend returns, you will not lose and the trade will be closed with 0 points of profit and 0 points of loss.

After reaching this amount of profit (based on the points), the expert sets the loss limit equal to the opening price of the expert.
In the previous section, we found out what these settings are. Now we need to set these settings to be activated after a few points of profit. In default mode, the expert activates these settings after reaching 50 points of profit. That is, after 50 points of profit, the expert equates the amount of the loss limit with the opening price of the same transaction.

If your broker's spread is more than this amount, he will not do expert trade.
This setting is useful when the spread becomes too large. For example, during the news, or when the market is closed. Or when there are few trades.

These settings show different capital management methods based on different risk/reward values.

Meaning of risk/reward or R/R: This ratio shows that the SL is many times the TP.
For example, if this ratio is equal to 2, it means that the SL is twice the TP. For example, if the TP is 50 pips, the SL is 100 pips.

Different options for these settings:

If the spread of your broker is more than this value, the expert will not trade.
This setting is useful when the spread becomes too large. For example, during the news or when the market is closed. or when there are few trades.

Determine your capital management strategy.
If you do not change these settings, the expert trades based on its default strategy.
Default Expert Strategy: trades based on the determined risk. Risk is constant in every trade.
For example, if your capital is $1000 and you risk 1%, you have risked $10 per trade. And if your capital increases to $2000, you will risk $20, but your risk will still be 1%. So in the default mode, your risk is fixed in each trade. Whether your capital decreases or your capital increases. This strategy is one of the best capital management strategies.
By default, your strategy is among the low-risk strategies and is not high-risk like martingale and hedge strategies.

You can also choose other strategies:

Maximum Lot: The maximum amount of lots that the expert can trade.

Minimum Lot: The minimum amount of lots that the expert can trade.

Initial lot amount: If capital management strategies (martingale, pad-doubling, anti-martingale) are active, the expert will trade this amount. This value will be the initial lot and will change according to the strategy you have chosen.

Reset Max Min:If this option is enabled, after reaching the "maximum lot" value, the expert will be reset and become the "initial lot" value. Otherwise, the expert continues to move.

Martingale strategy example with settings: Initial lot amount =0.01  &   Maximum Lot = 0.08

0.01 >>> 0.02 >>> 0.01 >>> 0.02 >>> 0.04 >>> 0.08 >>> 0.01 (The red color means that we have lost money in that trade)

Anti-Martingale strategy example with settings: Initial lot amount =0.01  &   Maximum Lot = 0.08 &  Minimum Lot:0.01

0.01 >>> 0.02 >>> 0.01 >>> 0.02 >>> 0.04 >>> 0.08 >>> 0.01 (The red color means that we have lost money in that trade)

Double pad strategy example with settings: Initial lot amount =0.01  &   Maximum Lot = 0.08

0.01 >>> 0.02 >>> 0.01 >>> 0.02 >>> 0.04 >>> 0.01 >>> 0.02 (The red color means that we have lost money in that trade)

If the above explanations are not enough and you don't understand, you can research these famous strategies on the internet.

Using these settings, you can increase or decrease the size of the text and panel information.

If the text size is small based on your monitor, increase it. For example, use the numbers 1, 2, or 5. (positive integers)

If the size of the texts is too large based on your monitor, reduce it. For example, use the numbers -1 or -2 or -5. (negative integers)

Suppose you have a trade that is in profit. If you want to keep your profit, i.e. don't lose even when the trend reverses, this setup is useful for you.
These settings reduce the loss limit. In other words, it moves behind the price. For example, your initial loss limit is 300 points. But now you are in profit and you have moved forward by 200 points, so with these settings, you can reduce your loss limit by 200 points and bring it to 100 points.
Using these settings, the stop loss will move behind the price in the direction of profit. Enable this option to use this setting.
For more information, you can search and read on Google.

This option specifies when the stop loss moves behind the price. For example, if you set this setting to 150, when your trade is 150 points in profit, the loss limit will move behind the price.

This option specifies that the distance between the loss limit and the current price should be a maximum of several points.
For example, if you set this option to 100, the loss limit will move 100 points behind the price.

If you enable this setting, the expert trades only on the days you want.
You can set the days you want in the next settings.

If you want the expert to trade on this day, set this option to true. If you do not want the expert to trade on this day, set this option to false.