Recovery – Enable loss recovery mode (in this mode the Expert Advisor increases the trading lot after a losing trade by a specified coefficient (disabled by default).
Recovery coefficient – Increase coefficient after a losing trade, refers to the recovery parameter (disabled off by default)
Automatic leverage adjustment – Automatic risk adjustment to leverage (disabled by default)
Lot Step – The parameter refers to the calculation of the auto lot
Balance Step – The parameter refers to the calculation of the auto lot (The auto lot is calculated according to the formulaDeposit/Balance*Lot for balance = trading volume.
Fix Lot – Fixed trading volume (If value is 0, the automatic lot calculation works)
Max Lot – Maximum trading lot with which an Expert can trade and open trades (trading lot limiter)
MaxSpread – Spread filter. The maximum value of the spread at which the EA opens trades.
Slippage in points – Slippage filter in points.
Comments – commentary can be anything you write.
Magic* – This parameter is responsible for the identification of trades, it does not affect the trading. You can put any one value you want.
*Let’s say you have two different EAs, or one EA, which trades with different settings on two charts, with the same trading pair. They should have a different magic number in the settings, so as not to mix up the trades.
Only BUY – if the parameter is enabled, the Expert Advisor will open trades only for buying (disabled by default)
Only SELL – if the parameter is enabled, the Expert Advisor will open trades only for sell (disabled by default)
Virtual StopLoss and TakeProfit – virtual take profit and stop loss values invisible to the broker (disabled by default). Executed by the market!
TakeProfit GBPUSD, EURUSD, EURGBP, USDCAD – Take profit value is set for each pair separately.
StopLoss EURUSD, EURGBP, USDCAD – Stop loss values is set for each pair separately.
Trailing On Off – Trailing Stop function on/off
Trailing Distance – This is how many pips the price must pass from the opening price for the trailing stop loss to start working.
Trailing From – This is how many points from the opening price trailing start, the stop loss should become.
Trailing Step – This is a step of trailing stop in points.