USER GUIDE – Noesis – Other – 4 September 2023

Product page : https://www.mql5.com/en/market/product/104283

1. What is this EA? How does it enter trades?

2. Input definitions + On-chart Panel & Buttons.

3. Basic Noesis optimisation guide.

4. Problems with the EA / Troubleshooting.

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1. 

Noesis is an expert advisor that uses pending orders placed into profit of an open trade to increase any profitable transactions. Once an initial trade is opened, a series of pending orders will begin to be placed. The expert will then count each candle until it reaches a user set amount, once it reaches this, Noesis will close all pending orders, reset the count and search for a new signal.

Whilst orders are open, the experts main functions focus on order management, particularly the trailing stop and order distance will have the most influence on the effectiveness of the experts order management and overall profitableness. Stop losses of opened orders can be managed individually and are also grouped by the expert, a complex function designed to hedge different side trades is also active while trades are opened.

For the expert to enter an initial trade, the user has a choice between two entry strategies. ‘Mode_1’ aims to enter less frequent, more entry point trades using a mix of QQE oscillation and various signals combined from the Ichimoku indicator. ‘Mode_2’ uses the MACD, RSI, Stochastic and CCI indicators oscillation to create a signal that can be used for more frequent entries. Both strategies indicator inputs are shown in the experts input section for optimisation purposes and I encourage users to search for optimal entry settings of their own.

Noesis possess optional recovery functions, it can either martingale the next set on loss or can place multiplied position sized orders into profit, these can be customised to either a complete equity recovery or reset from the next profit trades, both to potentially increase profitability depending on the users configuration.

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2.

• Show On Chart Comment.– Set true will display information on chart.
• Order Comment.– Comment displayed on each trade taken.
• Magic Number. – Number the EA uses to associate trades with itself – you only need to change the magic number if you are using the EA on two charts of the same pair, each chart would then need a different magic number.
• Panel Text. – Panel text color.
• Sell Color. – Panel sell color.
  
• Buy Color. – Panel buy color.
• Text Size. – Panel text size.

– The panel contains four main sections.

– In the top section at either side are buy and sell buttons used to enter manual transactions that will be taken over and managed by Noesis.

– In the center is a edit box used to select the lot size placed when a button is pressed.

– Shown above is the infomation displayed on the panels main section.

— Holding your mouse over any text or button in your terminal will show a description.—

– From top to bottom we have :-

– Current time & date.

– Free margin amount.

– Base lot size being used.

– Which candle of a sequence is the expert on and which candle does it intend to stop trading.

– The position multipler being used and the current loss count.

– Dynamic step timeframe being used.

– Limit trade hour status.

– Total open & allowed size amounts.

– Current & max spread amounts.

– Auto money management status & max lot size allowed to be reached.

– News filter information.

– Open & max buy pendings.

– Floating buy profit/loss.

– Next buy lot size to be placed & max buy lot size allowed.

– Buy pipstep amount and pipstep multipler.

– Open & max sell pendings.

– Floating sell profit/loss.

– Next sell lot size to be placed & max sell lot size allowed.

– Sell pipstep amount and pipstep multipler.

– Basic log section.

– Close Buttons – Pressed will close any open trade/pending on the current pair.

– Last Cycle – Pressed will allow the EA to finish a current sequence and when closed will not allow new trades to be placed until the button is unpressed.