Notes: In MT5 (netting mode), the Both option uses pending orders because it long term forex trading strategy pdf is impossible to open two opposite positions for the same currency pair in MT5 without hedging mode. In hedging mode, MT5 version of the News Trader operates similarly to MT4.
In cTrader, the direction choice is made by a trader using three separate input parameters ( Buy , Sell , Randomize ) as the platform does not support enumerated parameters. TrailingStop (default = None) — the type of trailing stop to use with the position. Can be the following: Breakeven — the stop-loss will be moved to breakeven when the profit matches stop-loss. Full — classic trailing stop that moves the stop-loss up as the profit rises. Notes: In cTrader, the trailing stop selection is made by a trader using two separate input parameters ( Trailing Stop and Breakeven Stop ). If Trailing Stop is set to true , Breakeven Stop parameter is ignored. PreAdjustSLTP (default = false) — if true , EA will be updating SL and TP values according to the current price after opening positions before news comes out.
SecondsBefore (default = 18) — the number of seconds before the news release to open the positions.
Long term forex trading strategy pdf Your testing, and.CloseAfterSeconds (default = the best trading platform for forex trading 3600) — the long term forex trading strategy pdf number of seconds after the news release to close the positions. SpreadFuse (default = true) long term forex trading — if strategy pdf true , the EA will not trade if the spreads widen to be greater or equal to the given stop-loss. UseATR (default = false) — if true , ATR indicator long term forex trading strategy pdf determines the stop-loss and take-profit levels. ATR_Period (default = 14) — the period of the ATR indicator, which is used for stop-loss and take-profit calculation. ATR_Multiplier_SL (default = 1) — a multiplier for the ATR indicators value to get the stop-loss value. ATR_Multiplier_TP (default = trading strategy forex pdf term long 5) — a multiplier for the ATR indicators value to get the take-profit value. MM (default = true) — if true , flexible position sizing is enabled. Risk (default = 1) — risk tolerance in percentage of account balanceequity. This input parameter is ignored if UseMoneyInsteadOfPercentage term forex strategy long pdf trading is set to true. FixedBalance (default = 0) — if set to non-zero value, it is used instead of account balanceequity for position size calculation.
MoneyRisk (default = 0) — long term forex trading strategy pdf risk tolerance in account currency.
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LotDigits (default = 2) — number of decimal places allowed long term forex trading strategy pdf by your broker in order volume. ShowTimer (default = true) — if true , a countdown timer for the news release will be shown in the top-left corner of the chart. FontSize (default = 18) — the font size goldbull pro ea pdf forex long trading strategy to term be used for the timer display. Font (default = "Arial") — the font name long term forex trading strategy pdf to be used for the timer display. FontColor (default = clrRed) — the font color long term forex trading strategy pdf to be used for the timer display. Commentary (default = "NewsTrader") — the commentary for positions opened by this EA. Slippage (default is forex trading easy = 10) — the acceptable price slippage in pips. Magic (default = 794823491) — the magic number for orders to filter positions opened by this EA. Any big news are term pdf forex strategy long trading good for this EA: interest rate decisions, long term forex trading strategy pdf central bank minutes releases, CPI, GDP, trade balance, employment reports, etc. The more important the news the better the chance to hit take-profit. I recommend setting 10 standard pips stop-loss and 50 pips take-profit on such news as GDP, CPI, or retail sales. 15-20 pips stop-loss and 75-100 pips take-profit on such news as FOMC rate decision, FOMC minutes, or NFP.