Knowledgeable Advisor for BTCUSD (Bitcoin)
Developed by Eriksson Programs
โ 1) BASIC SETUP (LIVE TRADING)
โ 2) BACKTESTING SETTINGS (IMPORTANT)
To get practical outcomes, use these settings:
Really useful Check Interval
๐ 2018 โ Current (in case your dealer has the info)
Really useful Modeling Methodology
๐ 1 Minute OHLC (Open/Excessive/Low/Shut)
Do NOT use:
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Each Tick
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Actual Tick Knowledge
Cause: tick knowledge typically accommodates incorrect spreads/gaps and differs closely between brokers.
The EA is designed to calculate trades on new M1 candle openingsso tick testing provides no profit.
โ If Your Backtest Seems Totally different Than EA Web page Outcomes
That is normally brought on by:
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unhealthy dealer unfold/fee knowledge in tester
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poor high quality historic feed
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utilizing tick modeling as an alternative of M1 OHLC
Additionally really useful:
๐ Backtest threat primarily based on Beginning Steadiness / Fastened Steadiness
(not equity-based), to get a extra steady and practical efficiency view.
โ 3) MAGIC NUMBER & COMMENT
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At all times use a distinctive Magic Quantity
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If utilizing a number of EAs, every EA will need to have a special magic quantity
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Prop corporations: use a customized commerce remark (non-compulsory however really useful)
โ 4) RISK SETTINGS
Prop corporations:
๐ Low threat really useful
Portfolio use (a number of EAs):
๐ Use guide threat and equal weighting (instance: 1% for EA)
โ 5) EXIT MODELS
The EA makes use of 3 exit kinds for diversification:
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Trailing cease (major exit)
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Take revenue (some trades)
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Time-based exit (some trades)
๐ Really useful: hold all enabled (default).
โ 6) TIME FILTER
Time filter choices:
๐ Really useful: Customary
Strict = fewer trades however greater selectivity.
OFF = extra trades.
โ Time filters are optimized for brokers utilizing GMT+2/GMT+3.
In case your dealer makes use of one other timezone: use Time Filter OFF.
๐ก 7) DAILY DRAWDOWN PROTECTION (PROP FIRMS)
๐ Really useful: Allow Each day Drawdown Safety
Set your max each day loss under the prop agency restrict.
Instance: if prop agency permits 5% each day loss โ set 4%.
This may shut all trades (together with different EAs) to guard the account.
๐ 8) FRIDAY CLOSE OPTION
Allow provided that:
๐ฐ 9) MINIMUM BALANCE
Very small accounts (instance $200) will not be really useful.
โ QUICK RECOMMENDED SETTINGS (BEST DEFAULT)
โ BTCUSD
โ M30 timeframe
โ Low threat (prop corporations)
โ Time filter = Customary
โ Each day DD safety = ON
โ Backtest from 2018+
โ Modeling = 1 Minute OHLC
โ Distinctive magic quantity per EA
DISCLAIMER
Buying and selling entails threat. The Bitcoin Core can expertise shedding intervals. Previous outcomes don’t assure future efficiency. At all times check on demo and use correct threat settings.