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REGISTER PARTICIPANTS Expert Illusion Mt4

Discussion in 'Forex Market MQL5' started by Emma McNeill, Oct 3, 2020.

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  1. Emma McNeill

    Emma McNeill Moderator
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    #illusion

    illusion-logo-200x200-2549.png

    ✅The Illusion EA uses the probability theory - after a series of consecutive virtual losses - i.e. right during a flat the EA
    already starts trading in the trend. In addition, the EA considers the ratio of bullish/bearish candles on the higher timeframes to
    determine the greatest probability of the price movement direction.

    ✅Only 1 order can be opened at a time. In case of a loss the following order will be placed with an increased lot (the multiplication coefficient is
    set in the parameters).

    ✅The EA can simultaneously work on multiple charts of different trading instruments or different timeframes of one currency pair. If a trader
    wishes to operate on a single trading instrument but on different timeframes, - set unique Magic numbers for each chart in the
    EA settings. Simply put - change magic numbers for each chart.

    ✅By default the EA is configured for trading EURUSD M30.

    The recommended minimum deposit to start working is - 1000 for the initial lot of 0.01.

    ✅The main external parameters affecting the Profit factor:

    • The number of consecutive unprofitable orders - the greater the number, the more accurate the entry;
    • Take profit - Decrease the value for the smaller timeframes and increase it for the higher timeframes;
    • Stop loss - the same as with Take profit.
    ✅To avoid mistakes when trading on cent accounts, the EA does not automatically adjust to 4- and 5-digit quotes.
    Therefore, for 4-digit quotes the Take profit and Stop loss parameters must be divided by 10. For example, the default Take profit is 750
    points (for 5-digits). So, for 4-digits, 750 must be divided by 10 = 75. The value 75 must be entered in the Take profit field.

    ✅For 5-digit quotes these steps are not required.

    Settings

    • Count real virtual trade - the number of unprofitable virtual orders in a row;
    • Trading Start Lot - the initial trading lot;
    • Multiplier - order multiplier, if the previous was closed in a loss;
    • Take Profit - Take profit;
    • Stop Loss - Stop loss;
    • Magic Number - the magic number for the EA to distinguish its orders.
    • ShowInfoPanel - display the information panel.

    illusion-screen-3651.jpg illusion-screen-1225.jpg illusion-screen-7014.jpg illusion-screen-5571.jpg

     

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