Hi All
this is the thread related to automating using EA , the trading system Part Time Wealth Builder - Daily Scalping started by Tkimble (thanks a lot to him for all his great trading system shared over this forum)
Since this post cannot further be modified by me when 48 hours are due, you will find latest EA update in my signature.
The Daily Scalping EA is intended to be used with original Tkimble's rules so please refer to his thread to know how it works.
User settings usage :
GMT_Shift = Your broker shift related to GMT time zone (if it's GMT+3 then put 3 , if GMT-1 then put -1)
TakeProfit = Take profit in pips when EA will close current order
StopLoss = Stop loss in pips when EA will close current order
HourToCloseOrders = Hour when EA will close ALL positions
SundayCandleExists = Flag to let the EA to don't take care about Sunday Candle. If your broker get the Sunday candle put true elsewhere put false
Lots = Number of fixed contracts (used only if UseMoneyManagement = false)
UseMoneyManagement = Flag to let the EA to use money management routine with Risk value per trade
Risk = Risk per trade allowed (used only if UseMoneyManagement = true)
Slippage = Max slippage allowed in pips
MaxLossesTradesPerDay = Max losses trades allowed in a day per single pair (Setting to 2 , if EA will hit 2 consecutive losses in a day then will stop to trade until new day start even if HourToCloseOrders is not reached)
Note :
The EA will also handle automatically the MagicNumber generation so that you can put it with multiple pairs or multiple EA within the same account without any interference
Optimized Settings :
TakeProfit = 200;
StopLoss = 40;
HourToCloseOrders = 17;
MaxLossesTradesPerDay = 2;
(Optimized settings are still in researching and all traders are encouraged to share his result here)
Broker used to test Daily Scalping EA in demo/live account by Skyline : FastbrokersFX
Download latest EA
EA Settings
P.S.: Sorry for my bad english. This isn't my native language
this is the thread related to automating using EA , the trading system Part Time Wealth Builder - Daily Scalping started by Tkimble (thanks a lot to him for all his great trading system shared over this forum)
Since this post cannot further be modified by me when 48 hours are due, you will find latest EA update in my signature.
The Daily Scalping EA is intended to be used with original Tkimble's rules so please refer to his thread to know how it works.
User settings usage :
GMT_Shift = Your broker shift related to GMT time zone (if it's GMT+3 then put 3 , if GMT-1 then put -1)
TakeProfit = Take profit in pips when EA will close current order
StopLoss = Stop loss in pips when EA will close current order
HourToCloseOrders = Hour when EA will close ALL positions
SundayCandleExists = Flag to let the EA to don't take care about Sunday Candle. If your broker get the Sunday candle put true elsewhere put false
Lots = Number of fixed contracts (used only if UseMoneyManagement = false)
UseMoneyManagement = Flag to let the EA to use money management routine with Risk value per trade
Risk = Risk per trade allowed (used only if UseMoneyManagement = true)
Slippage = Max slippage allowed in pips
MaxLossesTradesPerDay = Max losses trades allowed in a day per single pair (Setting to 2 , if EA will hit 2 consecutive losses in a day then will stop to trade until new day start even if HourToCloseOrders is not reached)
Note :
The EA will also handle automatically the MagicNumber generation so that you can put it with multiple pairs or multiple EA within the same account without any interference
Optimized Settings :
TakeProfit = 200;
StopLoss = 40;
HourToCloseOrders = 17;
MaxLossesTradesPerDay = 2;
(Optimized settings are still in researching and all traders are encouraged to share his result here)
Broker used to test Daily Scalping EA in demo/live account by Skyline : FastbrokersFX
Download latest EA
EA Settings
P.S.: Sorry for my bad english. This isn't my native language