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How to find the best set for One Direction Pro EA

One Route Professional is a growth of Euro Hedge EA with the addition of options:

+ Digital Stoploss and Takeprofit

+ Common Trailing

+ Shut by reverse sign

which goals to scale back the danger and maximize the revenue.

One Route Professional has 4 entry strategies:

1. Begin With Wave Z: Place entry primarily based on the zig zag indicator in figuring out the uptrend or downtrend.

2. Begin With Reversal Z: Place entry primarily based on the zig zag indicator in figuring out reversal factors at help and resistance.

3. Begin With Fibo Z: Place entry primarily based on the zig zag indicator and utilizing Fibonacci calculations.

4. Begin With BuySell: Knowledgeable will open a purchase and promote place concurrently.

Handle Lot and cash :

There are 2 choices:

+ Utilizing auto heaps with cash administration that you just set your self and the bot will robotically calculate the lot for use.

+ Guide lot by filling within the preliminary begin lot.

Handle Grids:

+ Step (in pips): Outline step averaging/pyramiding

+ Increasing Step Coefficient: step multiplier coefficient, the place the step will widen the extra positions are open. If the quantity is 1, then the step is not going to widen.

Handle Digital SLTP:

+ Takeprofit and stoploss are primarily based on averaging value.

Common Trailing:

Trailing is finished concurrently for all positions when the common revenue goal reaches the desired goal.

Handle Drawdown Discount :

Shut partial is used to partially shut a shedding place. There are 2 choices that can be utilized:

1. Shut partial by cash

2. Shut partial by share revenue.

Handle Shut:

1. Shut all positions if there’s an reverse sign.

2. Shut all positions when reaching a sure floating loss in cash. This is applicable to present charts.

3. Cease the commerce when it reaches a sure drawdown in share, and the bot is not going to open a brand new place till the drawdown decreases. This is applicable to all open charts.

Find out how to discover the matching set for every completely different pair:

It’s essential to have the ability to mix the next 6 components:

1. Select an entry technique.

+ Begin With Wave, what it’s worthwhile to take note of is Min Wave to begin commerce. The ranges I take advantage of are 50, 100, 200 and 300. The upper the each day transfer, the larger the quantity. Instance: EURUSD has a each day motion that’s not so excessive, so you need to use Min Wave = 50, however for GBPJPY, Min Wave could be round 200-300.

+ Begin With Reversal Z may be very depending on setting the ZigZag Bar to rely and Increasing coefficient Zig Zag Bars Rely parameters. Right here there isn’t any particular method, it’s a must to fiddle with it till you discover the correct quantity for every pair.

+ Begin With Fibo Z is very depending on settings: Min/Max Wave, Fibo Open at, ZigZag Bar to rely and Increasing coefficient Zig Zag Bars Rely.

2. Handle Lot and Cash

+ There are 12 kinds of heaps that can be utilized, and this requires simulation in backtesting to seek out the correct kind of lot to make use of.

3. Handle Grids:

+ Step (in pips), use small numbers if the pair’s each day actions are usually not too massive and huge numbers if the each day actions are giant to reduce drawdowns and likewise in order that the restoration course of can happen shortly. For those who use giant numbers for pairs with small each day actions, then the restoration course of can be sluggish and earnings can be smaller, in addition to when you use small numbers for pairs with giant each day actions, the drawdown will enhance.

+ Increasing Step Coefficient: Some pairs require step coefficients and a few pairs don’t require step coefficients. This requires simulation to seek out the correct coefficient.

A multiplier coefficient that’s too giant will trigger the restoration course of to take longer and whether it is too small it would trigger an enlarged drawdown.

4. The trailing setting may be very influential on the revenue. If the pair with a small each day motion however utilizing a trailing begin is simply too giant, then the revenue might lower in the long run. Use a big trailing begin if the pair has a big each day transfer.

5. Handle Drawdown Discount consists of:

+ Shut partial by cash, there are 3 choices that can be utilized:

  – Shut partial purchase & promote: partial shut by bringing 1 purchase loss & 1 promote loss

  – Shut partial purchase / promote: partial shut by bringing just one purchase loss or 1 promote loss.

  – Shut partial all: A mixture of shut partial purchase & promote and shut partial purchase / promote.

   Use the smallest doable takeprofit in order that shedding positions shut shortly and use a begin apply partial shut a minimum of above quantity 4, with the purpose that there are a minimum of 2-3 revenue positions that may be trailed.

+ Use Auto Shut Partial, in share, that is used when you find yourself confused about figuring out the minimal sum of money to do a partial shut. Not all pairs are appropriate utilizing this feature, make sure to do backtesting to seek out the correct alternative.

Typically combining 2 kinds of shut partials offers most outcomes.

6. Handle Closes:
+ Shut by reverse sign is used when utilizing the Begin With Wave Z, Reversal Z, and Fibo Z entry strategies.
+ The objective is to be sure you do not get caught in a nasty place and may take new, extra worthwhile positions.

EA Hyperlink: right here

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