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** ВАЖНЕЙШИЕ характеристики Overlord EA:
The EA MUST DEFINITELY be used in a GBPUSD chart.
After that based on the balance , you can use it as follow: - GBPUSD,EURJPY,EURSD and GBPCHF or GBPAUD or both.
- GBPUSD,EURJPY,EURUSD,GBPCHF,GBPAUD and EURCAD or USDCAD or both.
this is BECAUSE: the EA uses readings from 3 TF, 4 oscillators and CURRENT volume from all these currencies to create CALCULATIONS for as much optimal entries WHEN THE EA IS USED IN AUTO !!!
ABOUT TESTING THE EA
You can test the EA (mostly in GBPUSD) but you may not have 100% accurate results as based on the above the EA uses readings from 3 TF ,4 oscillators and CURRENT volume from all these currencies to create CALCULATIONS for as much optimal entries WHEN THE EA IS USED IN AUTO !!! IN SEMI AUTO MODE you can USE the EA in any currency you want.
FOR FASTER NON VISUAL TEST SET INPUT " For non visual test set to 6000",set it from 1 to 6000.
IT IS RECOMMENDED TO TEST THE EA WITH VISUALIZATION!!!
IF YOU DO NOT KNOW how to do this please contact me or refer to the forum or google or youtube.
AUTO MODE: As told above the EA uses readings from all these currencies and searches to over 70 conditions based on 11 years of backtesting (yes,it is true) to produce positions. When positions are open the EA uses 3 types of TP to close them plus two systems to reduce DD: a.After a specific lot size which the user will set ,the EA will change the distance between the trades. b. After a specific lot size which the user will set ,the EA will start OVERLAP closing THE POSITIONS(one loosing with one winning).
IMPORTANT 1: EXCEPT THE EAs inputs for TP there is a hidden strategy (a second way of closing positions) based on HISTORICAL DATA which is used to "avoid' possible negative situations.
IMPORTANT 2: An extra strategy for more trades is used with the ''Aggressive'' input.Set 1 to activate it(default) or set to 1000 to DE Activate it.
■ SEMI AUTO MODE : click Semi auto button. WITH THIS FUNCTION the user will DECIDE WHEN THE FIRST TRADE WILL BE OPENED by using the buy or sell buttons of the EA's panel.
-AFTER the first trade,the EA WILL MANAGE THE REST !!! -BELOW the SEMI AUTO BUTTON there is a " Show Signals" button: User can use it for getting help for POSSIBLE ENTRIES when use the SEMI AUTO.
■ WHAT YOU MUST NOT DO IF YOU PURCHASE THE EA: 1.Do not place other indicators in same chart. 2.Do not tile the windows.
Recommendations: - 5 minute chart and 15M (For lower than 5000 accounts)
- Different magic number for each chart.
Inputs: - Starting Lot :The Starting lot size of the auto mode.
- Multiplier :The positions multiplier.
- Max Lot :The max lot size of a position can have.
- Stop Loss :The stop loss of the positions
- Min Distance in pips between trades :the minimum distance in pips between the positions.
- Min TP in money for the 1st position : The minimum take profit in money for the first position.(this means that if the entry is good,the take profit will be bigger.)
- 1 way Min TP in money for more than 2 positions : As said above the EA uses a hidden way for emergency take profit and one more.This one.
- Start overlap after this lot size : The EA will use the overlap closing(one winning with one loosing position,after the specific lot.
- Change Distance after this lot size : The EA will change the distance between the new positions that it opens, AFTER the specific lot.
- New Min Distance : The new distance between the positions.
- Panel Lot size:The lot size in the EA's trading panel.
- Increasement of panel lot every:adding or deducting lot from the panel.
VERY IMPORTANT: - Aggressive mode / Set to 1 to activate - Set to 1000 to DE - Activate : An extra strategy for more trades is used with this input.Set 1 to activate it(default) or set to 1000 to DE Activate it.
- Close all if loss is greater than minus X Money : Close all positions when loss is greater than minus X Money .YOU MUST ALWAYS HAVE A NEGATIVE VALUE .
- TF: Таймфрейм, на котором вы используете советник.
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