Hi there everybody!
Right here we need to present set up information and detailed description of UControl robotic, which have reside buying and selling statistics since 2018 yr and backtests since 2003 yr.
You could find our robotic right here: https://www.mql5.com/en/market/product/86636
Set up and configuration:
After you will have put in UControl robotic and opened its settings, you will have the choice to make use of the automated mode, by which the whole lot is configured for you, or select the handbook mode, by which you will have a chance to make use of your individual settings.
The robotic will commerce on that foreign money pair, on the chart of which you put in it.
Computerized mode:
Now we have developed UControl in such a manner that the shopper can simply configure it in a few clicks, and the robotic will do the whole lot by itself with the settings we have now already ready. On this mode, the EA works solely with the next foreign money pairs: AUDUSD, EURJPY, EURGBP and USDCAD. For those who set up it on one other foreign money pair, the automated mode will change to the handbook settings mode – Use Your Settings.
The automated mode is ready by default, the settings parameters must be as follows:
AutoSettings – have to be enabled in All Auto mode.
MaxDrawDown – right here you could specify in percentages what a part of deposit the EA will commerce on the foreign money pair you put in it on. In case of Cease Loss, the drawdown shall be restricted by the desired stage of deposit. By default, the danger is 35%.
Guide mode:
AutoSettings – change to Use Your Settings mode as a way to configure all of the parameters manually (entry level, Take Revenue, and so on.). Or activate the Use Guide Lot mode if you wish to use your individual lot measurement (not an automated one), however on the identical time preserve the automated buying and selling settings (entry level, Take Revenue, and so on.).
As a way to use the handbook mode, you could examine the outline of all of the parameters, which you’ll find under.
Necessities for buying and selling:
The minimal deposit for buying and selling utilizing lot of 0.01:
AUDUSD – $450
EURJPY – $2300
EURGBP – $1200
USDCAD – $1600
Contemplating the particular options of the robotic algorithm, the minimal deposits for lot 0.1 shall be as follows:
AUDUSD – $3100
EURJPY – $15000
EURGBP – $7300
USDCAD – $14000
The distinction within the minimal deposits is because of the truth that the minimal step of adjusting the lot measurement is totally different for the beginning lot of 0.01 and 0.1.
Really helpful leverage:
If the danger is 100% for all of the pairs, use a leverage of 1:400 or greater (in any case, greater is at all times higher). If not all of the pairs are used, the leverage could be decrease, as much as 1:200.
Utilizing the danger of 50%, the leverage could be 1:200.
Utilizing the danger of 25%, the leverage could be 1:100.
Utilizing the danger of 13%, the leverage could be 1:50.
Description of UControl robotic settings:
AutoSettings – That is the primary working mode of the EA. It has three choices:
All Auto – It is a really helpful mode, by which all calculations and settings are executed routinely for you, you simply have to just remember to have specified an acceptable drawdown restrict within the MaxDrawDown parameter. ATTENTION! This mode works completely with the next pairs: AUDUSD, EURJPY, EURGBP, USDCAD. For those who allow this mode, however set up the EA on a unique pair, it’s going to routinely change to a handbook mode – Use Your Settings.
Use Guide Lot – On this mode the automated settings nonetheless work, however the lot measurement will have to be specified manually within the ManualLot parameter. Additionally, the MaxDrawDown parameter doesn’t work on this mode, however shall be routinely calculated from the desired ManualLot, in order to not disrupt the logic and reliability of the robotic.
Use Your Settings – When utilizing this mode, all automated settings are disabled. The parameters of the handbook settings are enabled within the “Use Your Settings” part on the backside, and also you additionally have to specify the lot measurement within the ManualLot possibility. On this mode, the MaxDrawDown possibility doesn’t work. This mode lets you commerce on any foreign money pair.
MaxDrawDown – Right here you could specify in share the utmost drawdown that you’re keen to simply accept. This parameter is designed in such a manner that it’ll not permit you to specify greater or decrease drawdown than the EA wants for steady operation.
ManualLot – Right here you’ll be able to manually specify the lot measurement for the beginning order. This setting doesn’t work if All Auto is enabled.
SpreadLimits – Restriction on opening orders when the unfold is simply too giant. It really works in such a manner that it doesn’t disrupt the technique of the robotic if there are already open orders. It has three modes:
Auto – Works solely with the really helpful pairs (AUDUSD, EURJPY, EURGBP, USDCAD) and when Use Your Settings mode just isn’t enabled.
Guide – Makes use of the worth you specified within the ManualSpreadLimits parameter.
Off – All unfold limits are disabled.
ManualSpreadLimits – Guide unfold restrict for opening trades. Solely works when the SpreadLimits parameter is ready to Guide.
Slippage – Most of the value slippage for getting or promoting orders.
AccMini – This selection ought to solely be enabled for those who use a particular account sort the place the usual lot 1 truly has a worth of 0.1. It is a very uncommon sort of account, so this mode ought to nearly at all times be turned off. For those who use a cent account, this mode additionally doesn’t have to be enabled.
CloseAll – If “true”, the EA will instantly shut all its open trades. After that you could disable the
possibility, in order that UControl might open the primary commerce once more.
It is a part of handbook settings for UControl EA, which works ONLY if the Use Your Settings mode is enabled within the AutoSettings parameter.
CalcTimeFrame – Specify the Time Body which shall be used when calculating the entry level.
CalcCoef – The coefficient that impacts the calculation of the entry level. You possibly can solely specify values within the vary between Four and 15. Increased or decrease values shall be equal to the utmost allowed.
CalcMode – The mode by which the calculations for the entry level shall be carried out. Values could be specified within the vary from 1 to five. The upper the worth, the rarer and extra correct the indicators shall be.
For the subsequent three parameters, the worth is indicated in pips and must be specified as for 4-digit quotes, the EA will routinely change to a 5-digit, if crucial.
TP&Step – Right here you’ll be able to specify Take Revenue and the gap between the primary two orders.
Vary – This parameter also needs to be laid out in pips. It impacts how usually new orders shall be added.
TPnext – Right here you’ll be able to specify Take Revenue for all orders besides the primary two.