Mount Gold MT5 - Settings Overview

Mount Gold MT5 - Settings Overview

3 February 2024, 14:35
Edgar Elsner
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Onscreen Panel:

Headline label: Show/hide Onscreen Panel

Button “TRADE”: Opens two more buttons to select open Buy or Sell order

Button* “AUTO”: Enable/disable opening a new order set after closing of previous the set. Does not affect the operation of a currently running set

Button* “CLOSE”: Opens two more buttons that enable to close the running Set or the last opened trade if it matches the current Takeprofit.

* Button status in gray color mean currently inactive

  

Parameters Overview:

·       Play sound on Profit close

·       Play Sound while profit trailing

·       Set Magic Number

·       Set Position Comment

·       Set Panel Background Color

·       Select Account free Amount Mode based on Margin, Balance or Equity

·       Set Account maximum free Amount % to be utilized for trading

·       Set Account Risk Amount per 0.01 lot to use for initial position

·       Set Lot size fix for initial position, if Risk Amount per 0.01 lot to use for initial position = 0

·       Set Lot size max. for initial position if Risk Amount per 0.01 lot to use for initial position > 0

·       Enable/disable Buy positions and/or Sell positions

·       Set max. of open positions

·       Set max. Spread

·       Set max. positions for Set after initial position

·       Set min. distance between grid positions

·       Select Set scaling mode: Fixed Volume, Arithmetic, Geometric or Geometric by MathPower

·       Set Lot size for scaling mode “FixedVolume”

·       Fixed Volume: Next position lot size = value of

·       Arithmetic: 1, 2, 3, 4, 5, 6, 7,… , <= max Lot size

·       Geometric: 1, 2, 4, 6, 8, 10, 12,… ,<=  max Lot size

·       Geometric by MathPower: 1, 1, 2, 4, 8, 16, 32,…, <= max. Lot size

·       Set Stop loss per position (closes only affected position(s) if drawdown was reached)

·       Enable/Disable Drawdown Reduction

·       Set start level for Drawdown Reduction

·       Set Takeprofit trailing activation

·       Set entirely percent of saved profit after Take profit was activated

·       Set Trading periods and times

·       Set display Onscreen Panel during visual tester backtest mode


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