The settings have been optimized and simplified for users with small balance. If you have no experience with EA, you just need to set the default. The default setting is the recommended setting.
Time frame: any time frame. Use VPS with low latency (<20ms).
Use EA with ECN or Raw spread accounts and allow hedging. Min Balance: $ 200
Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line)
Download history before backtest (Press F2, find currency pair, then Download). Backtest with model: Every tick.
Upgrade Versions:
* Version 3.3 & 3.4 added 'Time to Next Order' parameter.
+ This parameter is active when the EA starts to take a floating position. The EA will have to wait for the minimum time (in seconds) set by Time to Next Order.
+ For example: Set Time to Next Order = 60, then after the appearance of a floating position, the following transactions must be at least 60 seconds from the time of opening the floating position.
* Version 3.x has an additional parameter Aggressive Level = 1, if this parameter is increased, the EA will have more transactions. However, having too many trades can create a greater risk. The recommended setting is the default (Aggressive Level = 1).
* Version 2.x with Stop Loss parameter for those who prefer to use Fixed Stop Loss feature. The default setting is Stop Loss = 0, which is also the recommended setting. I use default setup on signal. I also only use the EA with EURUSD. Because I like the stability of EURUSD.
* Upgraded version 1.5 has optimized the USDJPY currency pair. Now, you can use this EA with EURUSD and USDJPY.