Welcome to the Trading Manual for ARES Breakout:
MQL5 Market Place: https://www.mql5.com/en/market/product/120264?source=Site+Market+Product+Page#description
1. Ideal Parameters for each currency
2. Meaning of each parameters
IDEAL PARAMETERS FOR EACH CURRENCY:
| Parameters | EURUSD | EURJPY | AUDJPY | GBPJPY |
|---|---|---|---|---|
| Start_Time_Trading | 09:00 | 09:00 | 09:00 | 09:00 |
| End_Time_Trading | 11:00 | 11:00 | 14:00 | 14:00 |
| Spread_Filter | 3.5 | 3.5 | 3.5 | 3.5 |
| Setup_TF | 30 Minutes | 30 Minutes | 30 Minutes | 30 Minutes |
| SL_TF | 3 Hours | 3 Hours | 1 Hour | 3 Hours |
| Buy_Allowed | 1 | 1 | 1 | 1 |
| Sell_Allowed | 1 | 1 | 1 | 0 |
| N_Cdl_Back | 16 | 16 | 16 | 16 |
| Risk_Percentage | 1 | 1 | 1 | 1 |
| TP_Percentage | 400 | 400 | 400 | 200 |
| Trailing | 0 | 1 | 1 | 0 |
| Breakeven | 0 | 1 | 0 | 0 |
| BE_Percentage | 0 | 200 | 0 | 0 |
| Magic Number | Your choice | Your choice | Your choice | Your choice |
| MA Method | Simple | Exponential | Simple | Exponential |
| January | true | true | true | true |
| February | true | true | true | true |
| March | true | true | true | true |
| April | true | true | true | true |
| May | true | true | true | true |
| June | false | true | true | true |
| July | true | false | true | true |
| August | true | false | true | true |
| September | true | false | true | true |
| October | true | true | true | true |
| November | true | true | true | true |
| December | true | true | true | true |
Meaning parameters:
Start_Time_Trading: Beginning of trading, the EA will not take any position because this hour.
End_Time_Trading: End of trading, the EA will not take any position after this hour.
Spread_Filter: The EA will not take any trade if the spread is higher than the value. The value is in pips.
Setup_TF: Timeframe use to define the range
SL_TF: Timeframe user for Stop-Loss. Stop-Loss is using the Average True Range (ATR)
Buy_Allowed: The EA will take buys position if 1. If 0, the EA will not take buys.
Sell_Allowed: The EA will take sells position if 1. If 0, the EA will not take sells.
N_Candle_Back: The number of candle than the EA is looping to define the range.
Risk_Percentage: The risk percentage based on your account balance.
TP_Percentage: The Target Profit percentage, it's based on the stop loss. The value is in percentage. 100 represent a risk:reward of 1:1. 200 represent a risk:reward of 1:2...
Trailing: The EA will trail your Stop Loss if 1. If 0, the EA will not trail.
BE (BreakEven): The EA will trail your Stop Loss to BE if 1. If 0, the EA will not trail.
BE_Percentage: The EA will move the Stop Loss to breakeven is the price is at a certain percentage. The value is in percentage (works similar to TP_Percentage). If the trade is at 1:4 risk:reward, you can move the stop loss to breakeven when the trade is at 2 in profit. You would have to indicate 200 as a value.
Magic Number: Your choice
MAmethod: It represents the indicator used for the EA
January: The EA will take trades in January if 1. If 0, the EA will not take trades.
February: The EA will take trades in February if 1. If 0, the EA will not take trades.
March: The EA will take trades in March if 1. If 0, the EA will not take trades.
April: The EA will take trades in April if 1. If 0, the EA will not take trades.
May: The EA will take trades in May if 1. If 0, the EA will not take trades.
June: The EA will take trades in June if 1. If 0, the EA will not take trades.
July: The EA will take trades in July if 1. If 0, the EA will not take trades.
August: The EA will take trades in August if 1. If 0, the EA will not take trades.
September: The EA will take trades in September if 1. If 0, the EA will not take trades.
October: The EA will take trades in October if 1. If 0, the EA will not take trades.
November: The EA will take trades in November if 1. If 0, the EA will not take trades.
December: The EA will take trades in December if 1. If 0, the EA will not take trades.
