Perpetual EA – User Guide – Trading Systems – 2 June 2023

MARKET LAYOUT

• Minimum price level, price touches – The minimum number of price touches for the robot to recognize the level as strong.
• Draw price ranges – Show price ranges on the price chart.

TRADING STRATEGY [1]

The trading strategy is regulated by several settings. Below is an explanation of what each of the settings is responsible for, and what options are available for each of them.

Setting values:

• No – Trading prohibited. All other settings of this strategy don’t matter. The robot ignores them.
• Yes. Any day – Trading is allowed on any day of the week, including Saturday and Sunday.
• Yes. Any day but weekend – Trading is allowed any day but Saturday and Sunday.
• Yes. Any day but Friday and weekend – Trading is allowed any day except Friday, Saturday, and Sunday.
• Yes. Friday only – Trading is only allowed on Friday and prohibited on other days.
• Yes. Weekend only –  Trading is only allowed on Saturday and Sunday, but prohibited on other days.

The setting allows trading in Long, Short or both directions. Setting values:

• Long and Short – Long and Short are allowed. EA processes any signal of this strategy to open positions.
• Long only – Long only allowed. The robot only opens long positions. Any short signal from this strategy is ignored.
• Short only – Short only allowed. The robot only opens short positions. Any long signal from this strategy is ignored.

Because of various time frames and price volatility, open positions will have different Stop Loss widths every time. However, the risk per trade will always be the same for a specific strategy. You can assign it from 0.1 to 15 percent of the deposit.

If “Fixed bet size, lots” is selected as “Betting table” in the Betting strategy, then “Risk per trade, percentage of the deposit” is the number of lots to open a position. In all other cases, this is the starting rate for opening a position as a percentage of Equity.

Here you specify the coefficient for calculating Take Profit from the Stop Loss size. If the setting is 1, then the Take Profit price will be set at the same distance from the opening price as the Stop Loss (only in the opposite direction). If the setting is greater than one, then Take Profit will be greater than Stop Loss. If less than one, less.

Perpetual EA recognizes a price range and opens trades when the price tries to break it out. When the number of profitable trades made within current price range reaches the value of this setting, the robot starts to ignore signals to open in this range. The EA starts waiting for the next range.

The setting is similar to the previous one, it only regulates the number of losing trades. Thus, if the strategy settings specify one good and one bad trade per price range, this means that the robot will open a position in the current price range. And after its closure, in any case (any result), the EA will wait for the formation of a new range.

When opening a position, you can protect it from high volatility using this setting, if you are not satisfied with the automatically found value. Another possibility of this setting is to make the largest possible bet with a very close Stop Loss level. A coefficient greater than one is increasing, less than one is decreasing.

The setting allows the EA to exit the position after a significant acceleration of the price movement. Closing occurs when a new bar of the working time frame appears.

The signal is helpful to take the profit before the price reversal begins. You can choose options:

• No – Do not close a position after the price movement accelerates.
• Yes. Any acceleration, if profit – Close a profitable position after the price movement has accelerated, even if the acceleration began before opening the position.
• Yes. Final acceleration, if profit – Close a profitable position after the price movement has accelerated, only if the acceleration began after opening the position.

Selecting the Yes. Any acceleration, if profit option can be part of a scalping strategy. At the same time, the option Yes. Final acceleration, if profit is used to profit from more significant moves in a volatile market.

The setting allows you to exit the position after the formation of a new price range. After opening a position, it may have lost its relevance if new levels of support or resistance are formed instead of a strong price movement. Therefore, it needs to be closed. You can choose options:

• Don’t close – Do not close the position on this signal.
• Created – Close a position when any new price range is formed.
• Created. If profit – Close only a profitable position when forming any new price range.
• Created. If not internal – Close the position when a new range is formed, if it is not formed inside the current price range.
• Created. If not internal and profit – Close only a profitable position  when a new range is formed, if it is not formed inside the current price range.
• Created. If moving back – Close the position when a new range is formed, if it is formed below the current one (for Long) or above the current one (for Short).
• Created. If minimal profit – Close the position when any new range is formed, only if the position is profitable at least 25% of the current bet.

The setting allows you to exit the position after the formation of a new strong price level. For a Long position, this will be the resistance level. For the Short position – a new level of support. You can choose options:

• No – Do not close the position on this signal.
• Yes. Always – Close the position when a new price level appears.
• Yes. If profit only – Close only a profitable position when a new price level appears.

BETTING STRATEGY

Trading results significantly depend not only on the trading strategy, but also on the betting strategy. Use this group of settings to select betting strategy.

This setting tells the robot what amount of capital to consider as a starting capital for the successful implementation of the betting strategy. There are options:

• Use current – Use the value of the current deposit size.
• Customized – Use custom value.

For normal operation of the EA, this setting does not need to be changed, since by default it is equal to Use current. That is, the robot independently determines all the parameters of the betting strategy. You will only need to switch the setting to Customized if:

• You are not trading with a fixed risk per trade,
• The trading account is currently in a drawdown,
• At the same time, the adviser was temporarily stopped for some reason,
• You need to restart it on the same trading account.

Only in this case, you need to set the setting to Customized before restarting the Expert Advisor and specify the value of the last maximum balance of your trading account in the Customized size of capital setting.

This setting is only used in conjunction with the previous one. If the previous setting is Use current, then the value of this setting is ignored. As you understand, the described pair of settings is used only in unforeseen situations, from which no one is immune.

This setting defines the basic rules of the betting strategy. You can choose options:

• Fixed risk, percentage of the deposit – In each trade, the robot risks an amount equal to the same percentage of capital.
• Fixed bet size, lots – The robot always opens positions of the same size (in lots).
• Classic Martingale – The robot makes bets using the Martingale strategy.
• Martingale with custom bet multiplier – The robot makes bets that can increase with an adjustable multiplier.
• Add extra bet after losing – When the robot hits a drawdown, it increases the bet by adding a certain value to the previous one.
• Custom table 1111112 M – The robot operates according to the custom bet table. If the strategy succeeds, then the risk per trade remains constant. If the EA enters a period of bad trades, and the drawdown increases to six bets, then the robot activates a gradual increase in the bet.

Screenshot Example 4 (Classic Martingale and big Take Profit)