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“[_____ GENERAL PARAMETERS _____]”
Professional activated
If set to “false”, Professional operation is totally disabled.
Permit new Set
If set to “false”, solely the present energetic market trades together with probably additional upcoming discount trades that belong to that session are regarded to be operated. After closing of all of them, no extra buying and selling exercise takes place till setting the parameter to “true”.
Play Sound on Revenue Closing
Performs the sound just like “ta-ta!”, if the session grew to become closed.
Play Sound whereas Revenue Trailing
Performs the sound just like “tick-tick”, throughout Revenue Trailing exercise
Show Panel
Shows the Onscreen Panel on the Chart. On the Chart it may be set to proven/hidden by clicking the headline “’GOLDEN BIRD MT5’ or keyboard key ‘s’ or ‘S’.
Magicnumber
Using an distinctive Magic Quantity ensures that different consultants’ trades or manually opened trades can’t be influenced. Alternatively, care have to be taken to make sure that different consultants aren’t configured with the identical Magic Quantity. If the worth ‘0’ is ready to the Magic Quantity, manually opened trades might be included!
Order Remark
Fills the Remark subject of trades with the right here preset textual content.
Panel Background Colour
Units the Panel background to your most popular coloration. If set to ‘clrNONE’, the background graphics turns into taken.
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“[_____ MONEY MANAGEMENT _____]”
Acc. Threat Mode
If Cash Administration is used, presets the kind of how the obtainable account quantity turns into utilized. The most secure setting is ‘Margin’. Nonetheless, ‘Margin’ won’t be at all times appropriate on Leverage 1:30 accounts which can be usually used within the EU international locations due to their authorized restrictions.
Acc. Max. Threat%/Commerce (0=disabled)
Set the worth in response to your threat tolerance.
Lotsize Min. (Threat% = 0 mounted)
If ‘PositionRisk’ set to zero, this lot dimension turns into used for all opened trades.
LotSizeMin Max. (Threat% > 0 max.)
If ‘PositionRisk’ set to greater than zero, this lot dimension turns into the utmost for use for all opened trades even when the obtainable free account quantity for buying and selling is just not been exhausted.
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“[_____ TRADING PARAMETERS _____]”
Positions Lengthy
If set to ‘false’, no lengthy orders will grow to be opened.
Positions Quick
If set to ‘false’, no quick orders will grow to be opened.
Max. Positions (incl. Restoration)
Limits the depend of trades that may grow to be opened together with restoration trades.
Max. Restoration Pos. Lengthy (0=disabled)
Max. Restoration Pos. Quick (0=disabled)
Min. Restoration Commerce Distance
Max. Unfold
Most of allowed unfold to open or to function trades. If exceeded, pending orders grow to be closed and market positions are stopping doable energetic trailing revenue operations for the time of massive unfold.
Use Slippage Safety
Slippage Safety prevents doable heavy losses throughout intensive market actions like they’re seem in instances of essential market information and occasions. If massive slippage occurs, pending orders grow to be closed and simply positioned market trades grow to be instantly closed, doable with a small loss. Its higher to simply accept a small loss than to maintain a deep drawdown on the open trades for probably longer time or in worst case to have to shut them deep within the crimson.
Max. Slippage
Refers to earlier level. Set the worth in response to your threat tolerance.
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“[_______________ OPENING PARAMETERS _______________]”;
“[_______________ Opening Dynamic _______________]”;
Opening Purchase/Promote Path Distance
Used for handbook opened market positions solely, opened by buttons ‘BUY’/’SELL’. To catch higher entry value, a nearly cease order turns into positioned with the preset distance in Factors. If the worth strikes additional towards the chosen buying and selling path, the digital order turns into opened if the worth pulls again.
Opening Purchase/Promote Path Step
Refers to level earlier. The step in Level(s) to trace the trailing digital order.
Opening Restoration Orders Path Distance
Adj. Opening Dist. Restoration StopBuy
Used for Optimizing the Purchase Cease Order placement as quotes and spreads are differ between brokers and account sorts. Might be set to unfavorable worth as nicely.
Adj. Opening Dist. Restoration StopSell
Used for Optimizing the Promote Cease Order placement as quotes and spreads are differ between brokers and account sorts. Might be set to unfavorable worth as nicely.
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“[_______________ CLOSING PARAMETERS _______________]”;
“[_____ Static Section (Points) _____]”
StopLoss Static (0=disabled)
Preset mounted most Stoploss worth in Factors for the preliminary commerce.
StopLoss Restoration Static (0=disabled)
Preset mounted most Stoploss worth in Factors for restoration commerce(s).
StopLoss Discount for In a single day maintain Positions
Preset mounted diminished Takeprofit worth in Factors for preliminary commerce(s) that aren’t had been closed on the identical day the place that they had been opened that may be set to a unfavorable worth as nicely. The thought is that when value returns from a deeper drawdown, it’s higher to take a small loss than threat one other doable pullback that would result in one other bigger drawdown or ending up within the preset Stoploss.
TakeProfit Static (0=disabled)
Preset mounted most Takeprofit worth in Factors for all commerce(s).
“[_____ Trailing Section (Points) _____]”
Revenue Path Mode
Units the model of Trailing Revenue mode. ‘Exponential’ follows the worth extra aggressive than the opposite selectable modes.
Revenue Path Activation
Units the minimal revenue for beginning Trailing Revenue. May grow to be elevated if the underlying ATR-value exceeds the preset.
Min. Revenue(%) saved @Path Activation
P.c worth of the beginning of the present Revenue Trailing that’s protected but. Relying of the preset Revenue Trailing Mode, the distinction turns into an increasing number of much less.
Revenue Path Step
Refers to level earlier. The step in Level(s) to trace the digital Revenue Trailing.
Revenue to Worth Min. Distance
Minimal distance to the digital Revenue Trailing value.
BarShift Wait Bars
In ‘Path Revenue Mode’ further reduces the space in steps of minutes.
BarShift Multiplier
Refers to level earlier. Quickens/down the space discount.
BarShift TimeFrame
Timeframe for growing the worth of ‘Barshift Wait Bares’
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“[_____ TRADING TIME SETTINGS _____]”;
Monday Begin Hour (0 = disabled)
Begin hour for Monday. May grow to be set to totally different begin hour as of the remainder of weekdays as costs on Monday morning generally fluctuate extra.
Weekday Begin Hour (0 = disabled)
Begin hour for Tuesday to Friday.
Weekday Cease Hour (0 = disabled)
Cease hour for all weekdays.
Friday Cease Hour (0 = disabled)
Friday’s usually are essential information revealed which may trigger excessive slippage. Due to this fact set it to zero in the event you desire to keep away from such a threat.
December Cease Day (0 = disabled)
In December the costs would possibly grow to be an increasing number of erratic because the buying and selling actions are fading for the top of 12 months shut. This causes poor liquidity available in the market.
January Begin Day (0 = disabled)
At first of January, many merchants are nonetheless on holidays that outcomes the identical like in December. Due to this fact, it’s higher to begin buying and selling after the twond week of January.
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“[_____ MISCELLANEOUS _____]”;
Show Panel in visible Tester Mode
If enabled, the Onscreen Panel turns into displayed in visible tester mode with all its performance together with operability of the buttons.
