NextGen TRADER EA Settings for GBPUSD and USDJPY

NEXT-GEN TRADER EA RECOMMENDED SETTINGS

These settings are the ones I use in the backtests and on my personal live trading.

Feel free to change the settings while testing to suit your needs.

EXNESS (or other broker that uses UTC time and adjust its time to DST)

• GBPUSD

EA Magic Number : 1

Fixed Lot Size : 0.01

Risk Percent per Trade : 1.0  

Slippage Buffer in Point : 0

SL Mode : Minimum Value

Stop Loss in % of The Range : 0.3 

Take Profit in % of The Range : 1.5

DST Adjust : true

Range Start (mins) after 00:00 : 300 

Range Duration (mins) after Range Start : 240 

Closing Time (mins) after 00:00 : 960

Range on Monday : true

Range on Tuesday : true

Range on Wednesday : true

Range on Thursday : true

Range on Friday : false

Trade on NFP day : true

Trade on CPI day : false

Trade on GDP day : true

Trade on Retail Sales day : true 

Trade on PMI day : true

Trade on Trade Balance day : false 

Trade on Jobless Claims day : true

Trade on PCE day : false

TSL Mode : TSL Inactive

Volume Multiplier for News Trading : 2.0

TSL Trigger RR : 1.0

TSL Step RR : 0.5

• USDJPY

EA Magic Number : 2

Fixed Lot Size : 0.01

Risk Percent per Trade : 0.5 

Slippage Buffer in Point : 0

SL Mode : SL Range Value

Stop Loss in % of The Range : 0.3 

Take Profit in % of The Range : 1.5

DST Adjust : true

Range Start (mins) after 00:00 : 0 

Range Duration (mins) after Range Start : 300 

Closing Time (mins) after 00:00 : 960

Range on Monday : true

Range on Tuesday : true

Range on Wednesday : true

Range on Thursday : true

Range on Friday : false

Trade on NFP day : true

Trade on CPI day : false

Trade on GDP day : false

Trade on Retail Sales day : true 

Trade on PMI day : true

Trade on Trade Balance day : false 

Trade on Jobless Claims day : true

Trade on PCE day : true

TSL Mode : TSL Inactive

Volume Multiplier for News Trading : 2.0

TSL Trigger RR : 1.0

TSL Step RR : 0.5

Have fun!