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It is a semi-automatic knowledgeable advisor that trades the grid system. The thought is to step by step take completely different positions out there, after which calculate the break-even degree for them. When the costs move this break-even by a predetermined distance all opened orders are closed.
Berma Cash EA Panel.
When the “Berma Cash EA” is added on the chart a panel that has 5 motion buttons seem. You should use these buttons to enter a brand new place. It’s also possible to, power the EA to shut the present place manually.
1- Purchase Button. To enter the market with a purchase order for the primary time.
2- Shut Purchase. To shut the shopping for grid, even when it did not attain its goal.
3- Promote Button. To enter the market with a promote order for the primary time.
4- Shut Promote. To shut the promoting grid, even when it did not attain its goal.
5- Shut All. To shut all opened orders if there are two opened grids for purchase and promote on the identical time.
How does “Berma Cash EA” work?
After getting into with the primary order within the grid relying on the consumer’s selection, the order is modified by including the hidden take revenue.
If the order take revenue is hit, then the EA waits till the consumer hits the set off once more.
If the value moved towards the primary order with a predetermined worth referred to as “Grid Steps” then:
1- A brand new order is executed.
2- The Break-even for all opened orders can be calculated.
3- New take revenue after the break-even can be calculated.
4- All opened orders can be modified with the brand new take revenue goal.
5- The earlier steps from 1 to 4 can be repeated once more if the value moved towards the final order with the identical distance within the “Grid Steps” parameter.
6- The repetition will go till the “Max Variety of trades” is achieved.
7- If take revenue is hit for all the present opened orders at any time the grid will finish with income and the entire course of repeat from the start.
8- The consumer can end the grid at any time if he needs by clicking on one of many three exist buttons (Shut Purchase – Shut Promote – Shut All).
Berma Cash EA cease losses.
Every order on the grid has its personal cease loss.
The gap between the entry of a place and its’ cease loss equals the entire grid measurement.
If the Professional Advisor opens the utmost variety of trades, however doesn’t attain the Take Revenue goal, it’s going to begin step by step executing Cease Loss orders.
The good half concerning the “Berma Cash EA” is that on income it exits all opened positions on the identical time, however when in losses it executes stops losses step by step.
Berma Cash EA Inputs.
1) GROUP ONE: MONEY MANAGEMENT SETTINGS
Preliminary lot Dimension for the primary place within the grid.
Lot Dimension Exponent The multiplying measurement for the following order. For instance, if “the Preliminary Lot Dimension” is 0.01 and “the Lot Exponent” is 2 then, the lot measurement of the grid will go like this: 0.01 – 0.02 – 0.04 – 0.08…and so forth.
Take Income in factors [Min=10] The revenue distance after break-even measured in factors. Default is 50 factors (or 5 pips). It shouldn’t be lower than 10 factors (or 1 pip).
Grid Steps in factors [Min=10] The gap earlier than opening a brand new order within the grid measured in factors. Default is 50 factors (or 5 pips). It shouldn’t be lower than 10 factors (or 1 pip).
Grid Exponent The multiplying distance for the following order. For instance, if “the Grid Steps” is 100 and “the Grid Exponent” is 2 then, the lot measurement of the gap between positions on the grid will go like this: 100 – 200 – 400 … and so forth.
Most Variety of Orders [Min=2] The default is 15, however it shouldn’t be lower than two.
Professional’s Magic Quantity It is a distinctive quantity that’s set by the consumer to assist the EA handle the buying and selling orders. The consumer ought to set a special magic quantity for every chart on the platform.
2) GROUP TWO: EXPERT STYLE SETTINGS
EA Nook: You possibly can select the chart nook to indicate the EA Panel.
Chart Shift 30% You possibly can shift the chart by 30% to the left for a greater view.
Set Chart on Foreground: The default is fake.
Purchase Breakeven Shade The default is Lime Inexperienced.
Promote Breakeven Shade The default is Coral.
Order’s Sound Alert: You possibly can play an alert sound on order execution. The default is true.
Bear in mind to threat what you afford to lose.
In case you have any questions then please, contact me by way of a non-public message or, write them within the remark part.
Muhammad Al Bermaui, CMT
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