Knowledgeable Advisor for BTCUSD (Bitcoin)
Developed by Eriksson Methods
✅ 1) BASIC SETUP (LIVE TRADING)
✅ 2) BACKTESTING SETTINGS (IMPORTANT)
To get sensible outcomes, use these settings:
Really useful Check Interval
📌 2018 → Current (in case your dealer has the information)
Really useful Modeling Methodology
📌 1 Minute OHLC (Open/Excessive/Low/Shut)
Do NOT use:
Each Tick
Actual Tick Information
Purpose: tick information typically comprises incorrect spreads/gaps and differs closely between brokers.
The EA is designed to calculate trades on new M1 candle openings, so tick testing offers no profit.
⚠ If Your Backtest Seems to be Completely different Than EA Web page Outcomes
That is normally brought on by:
unhealthy dealer unfold/fee information in tester
poor high quality historic feed
utilizing tick modeling as a substitute of M1 OHLC
Additionally beneficial:
📌 Backtest danger based mostly on Beginning Stability / Mounted Stability
(not equity-based), to get a extra steady and sensible efficiency view.
✅ 3) MAGIC NUMBER & COMMENT
At all times use a distinctive Magic Quantity
If utilizing a number of EAs, every EA will need to have a unique magic quantity
Prop companies: use a customized commerce remark (elective however beneficial)
✅ 4) RISK SETTINGS
Prop companies:
📌 Low danger beneficial
Portfolio use (a number of EAs):
📌 Use guide danger and equal weighting (instance: 1% per EA)
✅ 5) EXIT MODELS
The EA makes use of 3 exit kinds for diversification:
Trailing cease (primary exit)
Take revenue (some trades)
Time-based exit (some trades)
📌 Really useful: maintain all enabled (default).
✅ 6) TIME FILTER
Time filter choices:
📌 Really useful: Commonplace
Strict = fewer trades however larger selectivity.
OFF = extra trades.
⚠ Time filters are optimized for brokers utilizing GMT+2 / GMT+3.
In case your dealer makes use of one other timezone: use Time Filter OFF.
🛡 7) DAILY DRAWDOWN PROTECTION (PROP FIRMS)
📌 Really useful: Allow Each day Drawdown Safety
Set your max day by day loss beneath the prop agency restrict.
Instance: if prop agency permits 5% day by day loss → set 4%.
This can shut all trades (together with different EAs) to guard the account.
📅 8) FRIDAY CLOSE OPTION
Allow provided that:
💰 9) MINIMUM BALANCE
Very small accounts (instance $200) will not be beneficial.
✅ QUICK RECOMMENDED SETTINGS (BEST DEFAULT)
✔ BTCUSD
✔ M30 timeframe
✔ Low danger (prop companies)
✔ Time filter = Commonplace
✔ Each day DD safety = ON
✔ Backtest from 2018+
✔ Modeling = 1 Minute OHLC
✔ Distinctive magic quantity per EA
DISCLAIMER
Buying and selling entails danger. The Bitcoin Core can expertise shedding intervals. Previous outcomes don’t assure future efficiency. At all times check on demo and use correct danger settings.
