Aura White Edition – How to set it up – Analysis and Forecasts – December 29, 2023
Aura White Edition – How to set up information
- Operating symbols EURUSD, GBPUSD, EURGBP, USDCAD
- Working period: H1
- Minimum deposit: $100
- Minimum leverage 1:20
- You need a good ECN broker, but not necessarily (Recommended Broker)
characteristic:
- No martingale
- no grid
- No averaging
- no Risky money management methods are used.
- Hard stop loss and take profit for each position
- Reliable test results since 1999 with 99.9% quality estimate
- Not sensitive to broker conditions
- Easy to install
- FTMO and Prop Company Ready
Expert Advisor is set up separately on a separate chart for each currency pair.
Professional is easy to use with all default settings. All you have to do is select your risk level.
The risk is selected as follows: balance step parameter.
The default setting is 50 (high risk setting*).
- 100 normal
- 200 normal
- 300 low
- 500 conservative
Approximate (conditional) risk values are shown; everyone’s concept of risk is different.
Parameter Description
recovery – Activate loss recovery mode (in this mode, the expert advisor increases the trading lot by a specified factor after a losing trade (disabled by default).
recovery coefficient – Increase coefficient after loss of trade, see recovery parameter (disabled off by default)
Automatic leverage adjustment – Automatic risk adjustment for leverage (disabled by default)
lot stage – Parameter refers to automatic lot calculation.
balance step – The parameter refers to the calculation of automatic lots. (Automatic lots are calculated according to the formula: Deposit/Balance*Balance = Trading Volume.
crystal lot – Fixed volume (automatic lot calculation works when value is 0)
maximum lot – Maximum trading lot that the expert can trade and open a trade (trading lot limiter)
maximum spread – Diffuse filter. This is the maximum value of the spread at which the EA opens a trade.
point slip – Slippage filter in point units.
comment – Comments can be anything you write.
Magic* – This parameter is responsible for transaction identification and has no effect on the transaction. You can enter one value of your choice.
*Let’s say you have two different EA’s or one EA trading with two different setups. Charts using the same trading pair. You should have different magic numbers in your settings to avoid confusion.Electronic trading.
Purchase only – If the parameter is enabled, the expert advisor will only open trades for purchases (disabled by default).
Sales only – If the parameter is enabled, the expert advisor will only open trades for selling (disabled by default).
Virtual StopLoss and TakeProfit – Virtual take profit and stop loss values invisible to the broker (disabled by default). Run in the market!
TakeProfit GBPUSD, EURUSD, EURGBP, USDCAD – The take profit value is set separately for each pair.
stop loss EURUSD, EURGBP, USDCAD – Stop loss values are set separately for each pair.
Trailing On Off – Turn trailing stop feature on/off
trailing distance – This indicates how many pips the price must pass from the opening for the trailing stop loss to start working.
trailing start – Indicates how many points the stop loss should be from the lagging starting point.
post step – This is the step to stop tracking in point units.
Use break-even point – Utilize the break-even point function
*Break-even and trailing do not work simultaneously. That way there will be no conflict. This is because the Trailing Stop is the same as the break-even point, but it is dynamic.
BE activities – When you reach a certain point, you reach the break-even point.
Use news filter – Enable/disable news filter.
Do not open positions a few minutes before the news comes out – This is the period during which trading cannot be initiated prior to the press release.
Don’t open positions a few minutes after the news comes out. – Period during which no trading will be initiated following the press release.
🔵Recommended Broker
🔵Expert https://www.mql5.com/en/users/stanislav110685/seller
🔵Telegram Channel https://t.me/aura_gold_ea
🔵Email fintexea@gmail.com
