Blue Sonic Donchian MT4/MT5 – User manual – Trading Systems – 5 October 2023

–a product by BluesAlgo Ltd 2023  Intro BlueSonic Donchian EA (‘Sonic’) is a next-gen multi-currency multi-timeframe EA base on Donchian indicator. Other than normal one-off entry, users would have option to activate grid series to maximize return from sub-optimal entry. What make Sonic stand out from other grid EA on the market is its core advantages: Ease and

کد خبر : 411059
تاریخ انتشار : پنجشنبه ۱۳ مهر ۱۴۰۲ - ۰:۵۵
Blue Sonic Donchian MT4/MT5 – User manual – Trading Systems – 5 October 2023


–a product by BluesAlgo Ltd 2023 


Intro

BlueSonic Donchian EA (‘Sonic’) is a next-gen multi-currency multi-timeframe EA base on Donchian indicator. Other than normal one-off entry, users would have option to activate grid series to maximize return from sub-optimal entry. What make Sonic stand out from other grid EA on the market is its core advantages:

  • Ease and flexibly to set up (ONLY one-chart needed) which suit many trading styles: trend-follow, counter-trend, breakout, market-open session, night-scalping etc.

  • Cutting-edge order management and risk management system (thanks to the built-in GridRescue module) and well-researched/well validated features

  • Institutional-grade trading logic built into the code architecture to address many known grid-trading related circumstance without the hefty price tag

🔴 Recommendation for quick start:

 – minimum account balance:  $1500 (for 1:500 leverage) or $3000 (for 1:200 leverage). Use cent account if needed

 – start lot: 0.01

 – symbols: XAUUSD (Gold), most FX majors and minors cross of USD, EUR, GBP, AUD, CAD (avoid JPY, NZD, CHF and exotics pairs), indices (GER40NASDAQ100,SP500 etc.)

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Panel Setting

1 Overview

Sonic Donchian EA - Panel Setting - part 1

Sonic Donchian EA - Panel Setting - part 2

2 Parameters explanation

# Inputs Description Value and examples
1 One-chart setup (multiple timeframe) Strategy string with syntax: <Timeframe>:<EntryType>:<StartLot>
where: 
 – <Timeframe>: M1, M5, M15, M30, H1, H4, D1, W1, MN1 (case insensitive)
 – <EntryType>: either one of these values “BreakOut”, “Reversal”, or “Both” (case insensitive)
 – <StartLot>: the starting lot of the initial trade, e.g. 0.01 

Multiple strategy string can be entered seperated by comma “,”

M5:Both:0.01
this will instruct Sonic to trade Breakout and Reversal trades on M5 timeframe with start lot of 0.01

M1:breakout:0.01,M15:reversal:0.02
this will instruct Sonic to trade breakout strategy on M1 start with 0.01 lot and reversal strategy on M15 start with 0.02 lot

2 __[Note the current strategy here]___ This is a string placeholder where you can jot down some note about current specified strategy – for quick memory note. It does not have any effect on the EA operation. Handy if you want to quickly save a secondary strategy string to swap out with another one 
3 TradeMode Choose from dropdown: 
 – “Buy_and_Sell”
 – “BuyOnly”
 – “SellOnly”
 – “NoTradeAllowed”
4 Symbols to trade List of Symbol which Sonic would operate on. String list of broker’s symbols, separated by comma(,):  – “EURUSD,GBPUSD,USDJPY” If your broker use suffix for their symbols, you can either use the “Broker’s symbol suffix” input parameter below or just insert it directly here as follows:  – “EURUSD.pro,GBPUSD.pro,USDJPY.pro” if this field left blank, then BlueSwift will only operate on the current chart’s symbol only (i.e. the chart’s symbol where you drop BlueSwift on)
5 Broker’s symbol suffix Broker’s designated suffix for their tradable symbols Aside from field #4, you can also add your broker’s suffix for trading symbol here. For example: if your broker’s instruments are EURUSD.ecn then put “.ecn”if your broker’s instruments are EURUSD.. then put “..”This can be blank if you already include the symbol suffix in the field #4 above
6 Fixed starting order size Start lot size.

If the One-chart setup strategy string (field #1) above is empty (blank) then this start lot will be applied

7 Trade Entry strategy

Set files:

 Please find the attached set files below for quick set up



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