Trade Mastermind EA

General EA Settings

1. LotSize: This parameter determines the size of each trading position in lots. A lot is a standardized quantity of the financial instrument being traded. For example, if LotSize is set to 0.1, it means each position will be 0.1 standard lots.

2. Take Profit: Take profit is the price level at which the trader wants to exit a winning trade to secure the profit. Take Profit specifies the take profit level in pips (points), which is a unit of measurement for the price movement in forex trading.

3. Stop Loss: Stop loss is the price level at which the trader wants to exit a losing trade to prevent further losses. Stop Loss specifies the stop loss level in pips (points).

4. Trailling Start: Trailing start is the distance in pips at which the trailing stop function will start to trail the price. When the trade moves in the trader's favor by the Trailling Start amount, the stop loss will start trailing the price.

5. Trailling Stop: Trailing stop is the distance in pips by which the stop loss will trail the price. Once the trailing start condition is met, the stop loss will follow the price at a distance specified by Trailling Stop.

6. Magic Number: Magic number is a unique identifier assigned to each instance of the expert advisor running on the trading platform. It helps the EA distinguish its orders from those of other EAs or manual trades.

7. Max Total Trades: This parameter specifies the maximum total number of open trades allowed by the expert advisor at any given time.

Indicator Settings

1. Period for Force Index: This parameter represents the period used for calculating the Force Index indicator. The Force Index measures the strength of price movements based on the changes in price and volume over a specified period. A longer period may provide a smoother Force Index line, while a shorter period may capture more immediate changes in price and volume.

2. Moving average type: MAType stands for Moving Average Type. It defines the type of moving average used in calculating the Force Index. There are several types of moving averages, such as Simple Moving Average (SMA), Exponential Moving Average (EMA), and others. Each type of moving average has its own characteristics and may respond differently to price movements.

3. Period for RSI: RsiPeriod represents the period used for calculating the Relative Strength Index (RSI). RSI is a momentum oscillator that measures the speed and change of price movements. A longer RSI period may result in smoother oscillations, while a shorter period may react more quickly to price changes.

4. Period for simple moving average: MaPeriod defines the period used for calculating the simple moving average (SMA). The SMA is a commonly used technical indicator that smooths out price data by calculating the average closing price over a specified number of periods. A longer period may result in a smoother SMA line, while a shorter period may capture more immediate price movements.

These input parameters allow traders to customize the settings of the indicators used in the EA according to their trading preferences and market conditions. Adjusting these parameters can help fine-tune the EA's performance and adapt to different market environments.