This it the user manual for the MT4 Prop Defender Trade Assistant!
*CRITICAL*
DOWNLOAD News-ff: https://www.dropbox.com/scl/fo/uvboho4lenv48dz18a47q/h?rlkey=b7menjulnp7yujd5egv0xa88q&dl=0
Please follow the below pictures on how to install - and make sure you download the news-ff file in order to get it working.
For the setup - the following is an explanation of each of the inputs in the EA Settings:
1. Settings for risk
Daily Max Loss: This is how much money you can lose before the EA cuts you off from trading.
Max Positions per pair: If you wish to have more than 1 trade per pair - set this to a higher number.
Max Total Positions: This is the maximum amount of trades open at any time.
Max Risk (%) per trade: This is for the automatic calculation of lot size - and a maximum per trade.
Minutes of trading Block: After a losing trade - this is how many minutes you have to wait before you can trade again.
Revenge Trading Block: You can set the revenge trade block to single pair or all pairs.
2. Setting for Stoploss
Hidden Stop Loss: Instead of giving the stoploss order to your broker- this is a line on the chart, which when touched the EA will send a close order.
Emergency SL Multi: This is physical stop order further away than the hidden stop loss (incase you wish to use for emergency).
Stop loss option: This is for the hidden stoploss - if you want the order to close when the line is touched
Stop loss bars back: This is for automatic placement of SL (you can move it from here).
Maximum Lot Size: This is the limit of lot size regardless of risk %.
3. Setting for News
Use News: Shows the news in the bottom right hand corner.
News Filter Level: You can change if you want to only see High, Medium or Low impact news.
Display # of news before: This shows the news that just passed.
Display # of news after: This shows you the upcoming news.
Low / Med / High color: You can change the color of the news impact levels & holidays.
4. Setting for GUI
Button News Space: This is the gap between the buttons and the news.
Positive Profit Color: This is the color of the current profit/loss when in profit.
Negative Profit Color: This is the color of the current profit/loss when in loss.
Font size: This changes the size of the characters, but also the size of the buttons.If you have any questions - please contact me via the mt4 marketplace chat!
