AW Instruction and description (basic functions) – My Trading – 2 March 2023

This manual describes the general characteristics of advisors:

AW ADX based EA -> MT4 VERSION / MT5 VERSION  

AW CCI based EA -> MT4 VERSION / MT5 VERSION  

AW Classic MACD EA -> MT4 VERSION / MT5 VERSION  

AW Envelopes EA -> MT4 VERSION / MT5 VERSION  

AW Ichimoku EA -> MT4 VERSION / MT5 VERSION  

AW Momentum EA -> MT4 VERSION / MT5 VERSION  

AW Three MA EA -> MT4 VERSION / MT5 VERSION  

AW Parabolic SAR EA -> MT4 VERSION / MT5 VERSION  

AW RSI based EA -> MT4 VERSION / MT5 VERSION  

Strategy:  

All these products share a common job structure.

Expert Advisors trade on the signals of one standard classic indicator, the name of the indicator used is reflected in the name of each Expert Advisor.

Opening orders:

Orders are opened according to the indicator signals, each EA has different signals. You can find a detailed description of the signals of a particular EA and the method for opening orders in the description of the selected EA. In the description of each adviser there is a brief description of the strategy for opening orders. Indicator settings are adjusted in the Expert Advisors input settings in the “SIGNALS” section.

For full-fledged work of the adviser, the trader does not need to connect the indicator separately, since the indicator is already built into the adviser. However, indicator labels and lines are not displayed graphically when the EA is running. This is done to save computer resources. If you want to display indicator lines and labels, then attach the indicator to the chart along with the EA. For the adviser to work, the indicator is configured inside the adviser.

That is, if you set an indicator to display labels and lines, make sure that the indicator inside the EA and the external indicator are configured in the same way.

Closing orders:

Orders are closed when the virtual Take Profit is reached.  

If the price goes in the wrong direction, the EA uses the averaging mode. The baskets of orders are closed when the profit is reached, and an overlap can be used to close the first and last orders in the basket more quickly.

Possibilities:

• Different trading strategies are available:

1. Two way trade:

If you use the opportunity to open OP_BUY and OP_SELL, then the adviser will trade in both directions.

In this case, upon receipt of bearish signals, the adviser will make a sale.
Upon receipt of bullish signals, the adviser will make a purchase.

2. One-way trading:

The EA can only trade on bullish signals or only on bearish signals.

Expert Advisors have a built-in virtual TakeProfit, such TakeProfit is used not for each individual order, but for a basket of orders in one direction from the breakeven price. Virtual TakeProfit is not visible to the broker.  

TakeProfit is measured in points, make sure that the size   TakeProfit was greater than the spread on the used instrument. The smaller the value, the faster the EA will be able to close open positions, but the smaller the profit from each closure.

When an EA is removed from the chart, the virtual TakeProfit is removed along with the EA, as it is part of the EA. Virtual TakeProfit is visually visible only on the chart to which the Expert Advisor6 is attached, that is, it will not be displayed in the mobile terminal, or in the terminal launched elsewhere.

– Order multiplier. When used, each subsequent order in the order grid will be larger than the previous one by this factor.  

When using a small volume of orders (for example, 0.01) and a small volume of the multiplication factor, the system also takes into account the number of orders, which allows high-quality multiplication when it is impossible to increase orders after basic normalization.  

For example: the variable ” Size of the first order” uses the value 0.01, and the variable “ Multiplier for average orders” uses the value 1.3.  

Then: the first order in the basket will be opened with a volume of 0.01, then the second order will be opened with a volume of 0.01 * 1.3 = 0.01, since 0.013 is an invalid value for the terminal. In this case, the third order will have a volume of: 0.013     * 1.3 = 0.02, i.e. using mathematical rounding rules.

It is undesirable to use values less than “1” without having a good knowledge of the operation of pyramiding order processing systems.

The variable regulating the minimum step between orders is measured in points.

The function is regulated by the variable “Allow to open new orders after close” – If “True” is selected, the EA will open orders after closing the previous ones. If “false” is selected, the EA will not be able to open new orders after closing the previous ones.

• Restriction for opening orders of the current candle:

Depending on the aggressiveness of the trader, the possibility of opening more than one order per candle can be adjusted using the “Maximum 1 order per candle” variable.

When selected in a variable   “ Maximum 1 order per candle ” of the “false” option, the EA will open new orders, as soon as there is a signal to open, more orders will be opened. With sharp workshop fluctuations, this option can be dangerous, as a large number of orders can be opened in a short time.

Or for safer operation, the EA can only open one order per candle. Thus, the number of orders will be limited, this option is safer in case of sharp price fluctuations. For this option in the variable   “ Maximum 1 order per candle ” must be set to “true”.

Input variables:

MAIN SETTINGS

Size of the first order – Volume to open the first order
1 Enable Autolot calculation – Use automatic lot calculation.
Autolot deposit per 0.01 lots – Deposit amount per 0.01 lots when using autolot

GRIDS SETTINGS

Minimum step between average orders – Step between orders, measured in points
Multiplier for average orders – Multiplier for orders. Each subsequent order in the order grid will be larger than the previous one by this coefficient

TAKE PROFIT SETTINGS

Size of Virtual TakeProfit (In points) – The size of the virtual TakeProfit. Calculated for the current group of orders from the breakeven price
2 Use overlap last and first orders – Use the overlap of the first order with the last
Use overlap after that number of orders – Use overlap after the given number of open orders

PROTECTION SETTINGS

Maximum slippage in points – Maximum allowable slippage in points for opening and closing orders
Maximum spread in points – Maximum allowable spread for opening orders
Maximum number of orders – The maximum allowable number of orders of the same type
Maximum size of orders – The maximum volume for one order. Measured in lots
Maximum 1 order per candle – Open only one order per candle

ADVISOR SETTINGS

Orders Magic number – MagicNumber of EA orders
Comments of the EA’s orders – Comment for EA’s orders
Allow to open OP_BUY orders – Allow to open OP_BUY orders
Allow to open OP_SELL orders – Allow to open OP_SELL orders
Allow to open new orders after close – Ability to allow opening orders after closing previous ones.
Show panel of advisor – Ability to show or hide the advisor panel
Font size in panel – Adjust the font size on the panel

NOTIFICATIONS SETTINGS

Send push notifications when closing orders – Notifications to the mobile version of the terminal when closing orders
Send mails when closing orders – Sending letters to an email address when closing orders
Send alerts when closing orders – Sending pop-up notifications on the terminal when orders are closed

Buy an advisor right now:

AW ADX based EA -> MT4 VERSION / MT5 VERSION  

AW CCI based EA -> MT4 VERSION / MT5 VERSION  

AW Classic MACD EA -> MT4 VERSION / MT5 VERSION  

AW Envelopes EA -> MT4 VERSION / MT5 VERSION  

AW Ichimoku EA -> MT4 VERSION / MT5 VERSION  

AW Momentum EA -> MT4 VERSION / MT5 VERSION  

AW Three MA EA -> MT4 VERSION / MT5 VERSION  

AW Parabolic SAR EA -> MT4 VERSION / MT5 VERSION  

AW RSI based EA -> MT4 VERSION / MT5 VERSION  

AW Trading Software

Telegram channel: https://t.me/AWSoftware