Order Setup

<<ORDER SETUP>>

<Magic Number>

The EA can give an ID number for an order, it is called as a magic number. You can not give a magic number for the orders through manual trading. You can find the magic number by hovering the mouse cursor over on orders’ tickets. If the orders are placed by an EA and are given the magic numbers, a tool tip will be showed with information of “Expert id” and a “number”. The magic number helps you know which orders are placed by which EAs. You can input any number in this setting, and the EA will give this magic number for all orders that it will open.

<Expired time> for pending orders (minutes)

Input an expired time value for all pending orders. Default is “1440” minutes – one day. It means if the pending orders are not triggered in 1440 minutes, they will be deleted.

Some signals provide signal text to close the pending orders but some signals only give you a rule for deleting the pending orders after “x” minutes (not through signal text), this function will help.

<Lot size>

__Default lot size for all symbols (must be >=0.01): The default lot size for all symbols. When you don’t want to or can’t get the lot size value from the signal. You should in put a minimum number value as 0.01 in this parameter.

__Private lot size for each symbol: May be you want to set  different lot size values for different symbols, this function will help. 

For example: If you input in this setting as “EURUSD:0.01;GBPUSD:0.02”, it means the EA will trade EURUSD with lot size 0.01 and trade GBPUSD with lot size 0.02.

The lot size values in “Private Lot size” will overwrite the lot size value in “Default Lot size for all Symbols” parameter.

__Lot percentages for multi TPs Orders (Tp1;Tp2;Tp3;…) (%): Input lot percentage values for order with Tp1, order with Tp2, order with Tp3…

The default value is “100;100;100” means the EA will open 100% lot size value for order with Tp1, order with Tp2, and order with Tp3.

For example 1: If value is “100;100;100”, and the lot size value for opening a new order = 0.1. The EA will open 0.1 lot for orders with Tp1, 0.1 lot for orders with Tp2, and 0.1 lot for orders with Tp3.

For example 2: If value is “200;100;50”, and the lot size value for opening a new order = 0.1. The EA will open 0.2 lots for orders with Tp1, 0.1 lot for orders with Tp2, and 0.05 lots for orders with Tp3.

For example 3: If value is “50;30;20”, the lot size value for opening a new order = 0.1. The EA will open 0.05 lot for order with Tp1, 0.03 lot for order with Tp2, and 0.02 lot for order with Tp3.

<Auto calculate risk based lot size> (overwrite above lot size)

If you want to use the lot size values base on risk (the lot size value will change according to your account balance), you should set this parameter as “true”.

The EA will calculate the lot size values for open orders, and not use the default lot size value or private lot size value.

__Max risk based lot size value: Input a number value here. If the calculated lot size level exceeds this threshold, the EA will take this number for the lot size value.

__Risk type: Choose "Set risk per order" or "Set risk per signal" in a option box.

__Risk unit: Choose "Percentage risk value (%)" or "Currency risk value (currency) value" in a option box.

____Percentage risk value (%): Input risk value here, you don’t need to write a character “%”. The value will be from 0 to 100 and not be 0.

____Get percentage risk value (%) from signal (number location): Input the number location value here to get the percentage risk value in signal text content.

____Currency risk value (currency) (must be > 0): Input the currency value here.

__Use Max loss pips value if SL number location = 0: Default is “false”, the EA will not calculate the lot size value base on risk if the signal doesn’t provide a Stop loss price value, or the signal provides Stop loss value but you ignore this value by set a number location value for Stop loss = 0. The default lot size value or private lot size value will be used in this case.

However, if you still want the EA to calculate a lot size base on risk with a desired max loss pip. You only need to set this parameter as “true”.

You can set the Max Loss pips value through “Default Max Loss for all symbols (pips)” & “Private Max Loss for each symbol” parameters. You can see these parameters in the part "<Auto Close an Order> hidden SL & TP" of <<<AUTO TRADE MANAGEMENT PRO>>> (see below image).

Please note that you don’t have to set “Auto Close an Order” parameter as “true” to make the EA calculate lot size value base on risk with Max Loss value.

__Use Min lot if calculated lot value base on risk < min lot: Default is "true". For example, the calculated lot value base on risk = 0.001, but the min lot for EURUSD is 0.01. Therefore, if we place an EURUSD order with 0.001 lot, the broker will don't allow to trade this order. If you set "true" for this parameter, all values base on risk that less than 0.01 will be rounded up to 0.01. Therefore, the broker allow to trade this order.

__Use Default/Private lot if the EA can't calculate Lot value: In some cases, the EA can't calculate a lot value base on risk because of many reasons, such as the broker doesn't provide the min lot size of a symbol. In this case, the EA will automatically use the default/private lot size for your clients.

<Use the Market price if the EA can't get an Open price value>

If the signal provides the Open price value, and you have set the EA to get the Open price value in the signal, but sometime they send the wrong format or don't give the values that make the EA get error and doesn't trade this wrong format signal.

In this case, if you still want to trade this signal, let set a value as "true" for this setting, and input value for this parameter. The EA will set the market price for the Open price of the opening order.

<Use Default SL value if the EA can't get SL value>

If the signal provide the Stop loss value , and you have set the EA to get these value(s) in the signal, but sometime they send the wrong format or don't provide those values that make the EA get error and doesn't trade this wrong format signal.

In this case, if you still want to trade this signal, let set a value as "true" for this setting, and input value for bellow parameters:

__Default Stop loss value (pips): Input a pip value for the Stop loss. The EA will use this value for stop loss value if it can't get the Stop loss value from the signal.

<Use Default TP value if the EA can't get TP value>

If the signal provide the Take profit value, and you have set the EA to get these value(s) in the signal, but sometime they send the wrong format or don't provide those values that make the EA get error and doesn't trade this wrong format signal.

In this case, if you still want to trade this signal, let set a value as "true" for this setting, and input value for bellow parameters:

__Default Take profit value (pips): Input a pip value for the Take profit. The EA will use this value for Take profit value if it can't get the Take profit value from the signal.