The Element Premium Expert Advisor uses the Grid Strategy to trade currency pairs, by using the support and resistance strategy.
This means that The EA is most profitable during ranging markets, when the support and resistance is more likely to be respected. If you wish to use the EA as a partial trader, you should leave the settings as they are, also ensure to use an ECN account as well, to avoid high trading costs.
You can find all the settings here! Input parameters
- New Cycle – when enabled, the EA works non-stop, otherwise, the EA does not open new orders after a series of trades (enable/disable).
- Initial lot – initial lot.
- Autolot – enable/disable auto lot calculation.
- Autolot size – amount of the deposit, on which Lot is to be used when Auto lot is enabled.
- Part to close – how many parts the order will be closed by take profit.
- Dictance – distance for opening the subsequent orders.
- TP Grid – take profit in points.
- Stop Loss, point (0 not use) – stop loss in the deposit currency.
- Max spread – the maximum spread at which the adviser is allowed to open and close positions.
- Start_Hour, End_Hour – the beginning and end of the time period for the EA to open the first order.
- Show Statistics – show/hide statistics;
- Show Button Close – enable/disable the button for closing orders.
- Magic EA – magic number for the Expert Advisor to identify its positions.
- TF – timeframe to calculate levels.
- Rcolor, Scolor, TxtColor – level drawing colors.
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