SIAM Optimization Method – Analysis and Forecasting – January 18, 2024
hello!
All our systems are completely open and even multi-currency systems can create their own settings and go through optimization cycles.
We will try to describe all the main parameters affecting the results.
Since the system trades in gold, it is important to have low spreads from your broker. This allows you to accurately enter the market and, most importantly, close at a profit.
If the spread is too wide, large spread protection will be triggered.
Therefore, I always recommend checking which system suits your broker based on actual quotes.
The system has a powerful built-in news filter that is not activated by default.
If you are afraid of a big drop when strong news comes out and have no confidence in the broker, we recommend activating this feature.
To do this, simply press the NEWS ON button.
MQL does not allow slip adjustments.
For example, if the slippage is higher than usual, you cannot cancel the transaction and have no right to do so.
Only brokers can regulate these issues.
Slippage is when prices open worse than expected and profits close worse due to delays on the part of the broker.
Therefore, it is recommended to use a good broker.
You can also return a portion of your commission back to your broker account.
I previously wrote about this on my blog.
In general, I love writing blogs. This short article will help you better understand MQL and its complexities.
I’ll leave the URL on my blog in case anyone finds it useful!
I’d be happy to leave your comments or helpful criticism! thank you !
Therefore, SIAM is only traded on one main chart: XAUUSD/GOLD.
The system automatically detects the suffix and has completely open parameters.
- SHOW INFO – Displays information in a visual chart panel.
- RISK % (0=FIXED) – Determines the maximum decline without considering risk and recovery factors.
- MAX Broker Spread – This is the broker’s maximum allowed spread. The higher the spread, the worse the trading conditions.
- Your opinion about the transaction – Your opinion about the transaction
- FIFO Mode – FIFO mode, once a transaction is activated, all pending orders will be disabled.
- MAX % DD – maximum allowable reduction; Once this drawdown is reached, the algorithm closes all positions in the system.
- Interruptions – Frequency of checking market volatility and quote quality
- WAKA VOLTIC MODE – This mode increases the distance between recovery positions and system profits in volatile markets and vice versa.
- Max Recovery Spells (0 = Off) – Number of additional spells during recovery, all spells have a fixed SL.
- RECOVERY PROFIT – PROFITS YOU NEED TO RECOVERY
- Dynamic Distance – Average dynamic distance between orders
- Second Trade Multiplier – Multiplier for the second trade
- Third Trade Multiplier – Multiplier for the third position
- PERIODIC (0 = Off) – Periodicity indicator to calculate support and resistance levels during recovery orders.
- FIXED TP – fixed profit for each trade
- Buy SL – Fixed SL for every transaction
- BOX SIZE CHANNEL – the parameter determines the depth of the market channel calculation, the larger the parameter, the less positions we get.
- Volatility Value – A parameter that determines the minimum acceptable volatility in the market. The lower the volatility, the worse the trading situation becomes.
- TRAILING STOP – Fixed distance to virtually track profits point by point.
- TRAILING % – percentage of profit during the support period
- MAX TRAIL % – Maximum profit value at which support breaks.
- Automatic GMT – Broker GMT calculation that is not connected in any way to the GMT of your UPS or PC
- MANUAL GMT – Manual GMT entry for a specific broker
- Enable News Filter – News Filter Activation Mode
- News symbol – active currency in news filter
- Hite sleep time before news – delay before big news within minutes
- SLEEP TIME AFTER HIGHT NEWS – Delay within minutes after a strong news story.
- TIME TO SLEEP BEFORE NONFARM/FOMC – Delay before big news FOMC/NONFARM within minutes
- Non-Farm/Post-FOMC Sleep Times – Delay after strong emergence FOMC/Non-agricultural News in minutes
- СURRENCY – visual display of account currency
- Magic – unique number
- STOP CHRISTMAS DAYS – Trading halt mode during Lunar New Year holidays
- Fixed Lot – Fixed lot (enabled if Risk=0)
- MAX FIRST LOT – Maximum lot allowed in casino mode.
