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EasyMomentum: Parameters
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EasyMomentumEasyMomentum: Parameters
Once you load EasyMomentum on your chart, a pop-up box will appear displaying the settings of your EA. Make sure that all the settings and alerts are configured correctly before clicking OK.
- Lot-sizing Method: Select the lot-sizing method based on the level of risk you want to take:
- Fixed Lots: Uses a fixed lot size specified in the "Fixed Lot" parameter.
- Dynamic Lots: Uses the "Dynamic Lot" parameter to adjust lot size based on balance or equity.
- Max Risk per Trade: Calculates lots based on a percentage risk per trade.
- Predefined Risk Presets: Automatically calculates risk for you with three predefined presets.
- When selecting a specific method, only the parameters relevant to that method will apply. For example, if you choose Dynamic Lots, you must configure the 'Dynamic Lot' parameter. Adjusting 'Fixed Lot' or 'Max Risk per Trade' will not have any effect. Similarly, when you choose a predefined risk profile, all three parameters below will become irrelevant.
- Fixed Lot: Sets a fixed trading lot size. If you want all trades to use the same fixed lot size, select Fixed Lots in the 'Lot-sizing Method' and enter the desired lot size in this field.
- Dynamic Lot: Specifies the balance or equity to be used per 0.01 lot. For instance, if you want to trade 0.01 lots for every $100 of your deposit, select Dynamic Lots in the 'Lot-sizing Method' and set 100 in the 'Dynamic Lot' parameter.
- Max Risk per Trade: Calculates the lot size to ensure that the risk per trade remains within the specified limit. For example, setting this parameter to 5 means all trades will risk up to 5% of your deposit in the event of a stop-loss (SL).
- Max Floating Drawdown %: If the floating drawdown exceeds the specified percentage, the EA will close all open positions automatically.
- Max Floating Drawdown in Money [0-disabled]: If the floating drawdown exceeds the specified monetary value, the EA will close all open positions automatically.
- Max Drawdown Action: Specifies the actions to be taken once the maximum drawdown is reached, whether defined as a percentage or a monetary value.
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