Settings description

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com

I finally released version 1.7. I decided to change the format of the instructions a bit. New instruction about Elon Musk EA settings!​

Do you want Elon Musk EA to work profitably for you? Follow my recommendations ;)

- For full and profitable work of the advisor it is necessary to use VPS-server.
- Use brokers from the list of recommended brokers.
- Beware of fraudulent companies!
-Do not change the parameters, if you don't understand how they work.
- Install through a template following the installation instruction

ElonMuskEA Expert Advisor includes a wide range of parameters and settings, but our team has done everything possible for you.
Thus, the Expert Advisor includes a number of standard templates with recommended settings, which should be compatible with most brokerage companies.
In addition, you can contact our technical support team and we will customize your account according to your preferences.

Settings Description​

VirtualStop_Loss - virtual stop loss invisible to the broker. It is recommended to change this value from 3 to 10.

VirtualTake if Rollback more then - a value that determines the speed of closing a deal. The rollback from the maximum value of the current candle is calculated. Use a value of 0.1 - 0.5 for trading in a volatile market and use a value of 0.5-1 for trading during news releases.

Take_Profit - a visible take that is sent in an order to open an order.

Stop_Loss - visible stop loss sent in an order to open an order.

Append On DroDown pp (0 = off) - Value through which a new deal will be opened

Append Size Of Base Lot (0 = off) - Lot increase factor

Append step koef - Increment factor for Append On DroDown pp parameter

AppendStepCnt - Maximum lot increment steps

EnableTrailingStop - OFF / ON / Virtual. Enable / Disable trailing stop.

TrailingStart - the number of profit points through which TrailingStop is activated.

TrailingStop - trailing stop level.

TrailingStep - trailing stop step.

EnableBreakeven - True / False. Virtual breakeven level.

BreakevenTrigger - The number of profit points to be transferred to breakeven.

BreakevenLevel - The breakeven level from the position opening price.

OrderOpenSlippage - slippage to open an order.

OrderCloseSlippage –slippage to close an order.

AutoSlippage - True / False (When OrderOpenSlippage is enabled, it is ignored). The Expert Advisor automatically calculates possible slippage based on the data entered into it.

AlwaysInMarket - True / False. When turned on, the lock will not close. When signals are received, one of the transactions in the lock will be closed and a new one will be opened.

MarketOrder - True / False, in case of True, the advisor sets S / L and T / P after opening an order. This function is required for accounts with Market execution.

Magic - Unique number used to identify EA orders.

Magic Auto– True / False unique number generated automatically.

AutoRisk - %% of balance - the risk per trade, defined as a% of free funds, if 0 the Lot parameter is used. On accounts where the leverage is too small,

it is recommended to use this parameter from 1-5%. On accounts where the leverage is more than 1: 500, you can use up to 10% risk.

Lot - fixed lot for trading.

MaxLot - the maximum possible lot when using the AutoRisk parameter.

UseSheduler - True / False. Whether or not to use the scheduler. The scheduler is applicable if AlwaysInMarket is enabled to avoid swaps.

StartTime - Trading start time.

EndTradeTime - Trade end time. After this time, no new trades are opened.

CloseTradeTime - Closing time of all trades.

Use News Sheduler - True / False

Disable Trade before News - Stop trade before news.

Close Existing - Close existing positions before release.

Indent after News, minutes - 0 disable news filter. Initialization in the specified number of minutes after the news release.

Your Time Zone - Enter the GMT time of your broker's terminal.

Enable hard news - Consider important news.

Enable medium news - Consider news of medium importance.

Enable light news - Consider news of low importance.

NewsSymb - Symbols by which to take into account news.

Everything we have developed is based on the most stable and secure algorithms. We would appreciate any feedback from you, thank you for your patience and for your continued enthusiasm and support.
 

Butch1220

New member
Jul 2, 2021
3
0
1
Hi, Just joined and downloaded and installed MT4 on both Opti and Pro using Demo accounts for the time being.

Question:
I'm used to doing the ASSIGN TO A CHART underneath Expert Advisors (left side) with many different EA but yours....hmm, after watching your video about TEMPLATES for about 3 times to make sure I didn't miss a step or two.

At the moment, I've used at this method (OPTI) and LOADED each chart (6) in TEMPLATE for Optimum Demo then I did the ASSIGN TO A CHART so technically I have both in them.

Whereas....

with PRO Demo, I've set up all 26 pairs and I just do the ASSIGN TO A CHART (didn't do the loading *Template* for Pro Demo.

Am I good to go or did I miss something. I checked on a bunch of thread to find the Q/A that I was looking for so I've apologized in advance if I had missed it somewhere in the forum.

Look forward to hearing from anyone of you soon.

Thanks!
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
Hi, Just joined and downloaded and installed MT4 on both Opti and Pro using Demo accounts for the time being.

Question:
I'm used to doing the ASSIGN TO A CHART underneath Expert Advisors (left side) with many different EA but yours....hmm, after watching your video about TEMPLATES for about 3 times to make sure I didn't miss a step or two.

At the moment, I've used at this method (OPTI) and LOADED each chart (6) in TEMPLATE for Optimum Demo then I did the ASSIGN TO A CHART so technically I have both in them.

Whereas....

with PRO Demo, I've set up all 26 pairs and I just do the ASSIGN TO A CHART (didn't do the loading *Template* for Pro Demo.

Am I good to go or did I miss something. I checked on a bunch of thread to find the Q/A that I was looking for so I've apologized in advance if I had missed it somewhere in the forum.

Look forward to hearing from anyone of you soon.

Thanks!
Hello, thank you for post.

Can you please send me screenshot from log in expert tab?
I must error, which occur when you try install ea.
 

Butch1220

New member
Jul 2, 2021
3
0
1
Here it is.... not sure which but I'm uploading/pasting both. Top Pic: Opti Bottom Pic: Pro

Let me know if you want me to get a SOLO CHART of each account to give you a clearer pics

1625282729382.png


1625282853191.png
 

Jared

Administrator
Staff member
Feb 11, 2012
187
2
18
elonmuskea.com
Here it is.... not sure which but I'm uploading/pasting both. Top Pic: Opti Bottom Pic: Pro

Let me know if you want me to get a SOLO CHART of each account to give you a clearer pics

View attachment 4079


View attachment 4080
As I see it, you have not added an indicator. Please follow the installation instructions that you can find here - https://globalforexforum.com/threads/installing-an-expert-advisor-on-a-trading-account.178/

You need install from template. Also please check, that you copy all folders from archive with demo.
 

Butch1220

New member
Jul 2, 2021
3
0
1
okay.... Instruction didn't help me but figured out with double click on the indicator to each chart so did on both OPTI and PRO. Am I pretty good to go to just stand by and monitor my trading accounts every now and then?

OPTI = Top
Pro = Bottom

1625286257176.png

1625286306138.png
 

Anonymous

New member
Customer
Jun 14, 2021
7
3
3
Brazil
I have a question about the maximum allowed spread parameter.
a) Not all currencies and brokers have the same minimum spread. Do I need to change that parameter when it is close to the standard value of 5 ?
b) Is that value in pip's or points
c) what is the maximum advisable value of that parameter and how to choose the right number.
d) If the EA wants to send an order does it check one or several times at the spread to let the trade happen.
 
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Mack

New member
Dec 23, 2018
10
1
3
I have a question about the maximum allowed spread parameter.
a) Not all currencies and brokers have the same minimum spread. Do I need to change that parameter when it is close to the standard value of 5 ?
b) Is that value in pip's or points
c) what is the maximum advisable value of that parameter and how to choose the right number.
d) If the EA wants to send an order does it check one or several times at the spread to let the trade happen.
a) I only tested EAs on pairs with a 2-3 pip spread.
b) As I understand all values in pips
c) I usually set this value to 2.
d) I think it checks once.
 
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