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Down below are 4 User Interfaces (These are displayed on the chart)
1. Max Historical Open Trades (Applies to current chart only)
Description: Shows me the maximum opened trades I ever had at a single time in the past.
Example: Last month the maximum opened trades I ever had at a single time was 15 so the "User Interface" will display 15.
2. Max Historical Drawdown (Applies to all charts)
Description: Shows me the maximum drawdown I have ever experienced in the past.
Example: Last month the maximum drawdown I have ever experienced in the past is -$5,000.00, so the "User Interface" will display -$5,000.00.
3. P / L (Applies to current chart only)
Description: This will display the current opened profit or loss I am in.
Example: If my drawdown right now is -$3,000.00 the "User Interface" will display -$3,000.00.
4. Take Profit (Applies to current chart only)
Description #1: This will display what my profit target is.
Example #1: If the profit target being displayed on the "User Interface" is $3,000.00 then my take profit will be $3,000.00.
Description #2: Whatever is the highest drawdown I experience with the current trades I have opened will be my take profit.
Example #2: If the highest drawdown I experienced is -$3,000.00 with the current trades I have opened then my "Take Profit" will also be $3,000.00.
Description #3: The "Take Profit" closes all trades at the same time.
Example #3: If I have 15 buy trades opened and my take profit is $3,000.00. For all those trades to hit take profit at the same time they all must add up to a profit of $3,000.00.
Down below are 8 Settings (These are customizable)
1. Start Time (Market Watch Time)
Description: The time in which the expert advisor will start opening trades.
Example: If I type in "00:00:00" that is when the expert advisor will start opening trades.
2. Stop & Close Day (Market Watch Day)
Description: What day to stop and close the trades. This setting has 15 options.
Option #1:Disable
Option #2:Sunday S / L & T / P
Option #3:Monday S / L & T / P
Option #4:Tuesday S / L & T / P
Option #5:Wednesday S / L & T / P
Option #6:Thursday S / L & T / P
Option #7:Friday S / L & T / P
Option #8:Saturday S / L & T / P
Option #9:Sunday T / P
Option #10:Monday T / P
Option #11:Tuesday T / P
Option #12:Wednesday T / P
Option #13:Thursday T / P
Option #14:Friday T / P
Option #15:Saturday T / P
Example #1: If I select "Disable", it will trade every day of the week without stopping or closing trades.
Example #2: If I select "Friday S / L & T / P" once that day arrives the expert advisor will stop opening new trades and close all opened trades.
Example #3: If I select "Friday T / P" once that day arrives and the sell trades are overall in profit and the buy trades are overall in profit, the expert advisor will stop opening new trades and close all opened trades.
3. Stop & Close Time (Market Watch Time)
Description: What time to stop and close the trades. This setting will depend on which "Stop & Close Day" is selected.
Example: If I select "Disable" for the "Stop & Close Day" and type in "23:59:59" once this time arrives it won't stop or close any trades since it is disabled.
4. Type
Description: Whichever type is selected will be the type the expert advisor will open. This setting has 2 options.
Option #1: Sell
Option #2: Buy
Example: If I select "buy", the expert advisor will open buy trades.
5. Lot Size Multiplier
Description: Whatever lot size I type in will basically double every time the expert advisor opens the next trade.
Example: If I type in 0.02, the first buy trade the expert advisor will open is 0.02. The second buy trade it opens is 0.04 and so on and so on.
6. Max Lot Size
Description: I type in the maximum lot size that can be opened with my broker. If the expert advisor tries to open a trade but the lot size does not exist for the broker, it will split into two or more trades to add up to the missing lot size.
Example: If my broker's maximum lot size is 1000.00 and the expert advisor wants to open a 1310.72 lot size trade. The expert advisor will split into two trades that add up to 1310.72 lot size, since it isn't possible for it to open a lot size beyond 1000.00.
7. Trade Interval In Pips
Description #1: The space between each trade before a new trade can be opened.
Description #2: When the most recent trade gets into drawdown a new trade will be opened.
Example: If the expert advisor opens a BTCUSD buy trade at the price of 50,000.000 and I typed in "1.000" for the "Trade Interval in Pips", once that trade goes more into drawdown and the price of BTCUSD fell to 49,999.000 (50,000.000 minus 1.000 is 49,999.000) a second buy trade will open and it just keeps on repeating if it keeps getting into higher drawdown.
8. Take Profit Multiplier
Description: It multiplies the "Take Profit" on the "User Interface" by whatever number I type in.
Example: If I typed in "1" for the "Take Profit Multiplier" and the "Take Profit" on the "User Interface" is "$3,000.00", my final take profit will be $3,000.00 ("$3,000.00" multiplied by "1" is $3,000.00).
Down below are 2 Comments (My own customized label on the trades)
1. Level
Description: It labels all the trades in numerical order. The trades that have been split into two or more trades from the "Max Lot Size" are considered as one trade so they should each have the same number, however each of them should have another label in numerical order as well.
Example: If the first buy trade opens, the "Comment" will be "1". The second buy trade that opened has been split into three trades (due to the "Max Lot Size") and the "Comment" for those 3 trades will be "2, 1/3", "2, 2/3" and "2, 3/3".
2. Price
Description: It labels the trade with the original entry point the trade is supposed to enter in.
Example: If the expert advisor is going to open a BTCUSD trade at 50,000.000 the comment will be "50,000.000" even though there was a small slippage and the price that it actually entered in was 50,001.234.