Gegatrade Pro EA is a Cost Averaging System with a Sophisticated Algorithm
Secured by a built-in “News WatchDog” that suspend trading during news events” The Sophisticated Algorithm of GEGATRADE PRO makes it unique.
The trading logic is not static but constantly changing and adapting to the actual market conditions. As all traders know, “One News event” with high impact on the market is what it takes to Blow an account. GEGATRADE PRO EA has a special feature that makes it even smarter, NewsWatchDog that “Suspend trading during news events”
The currency calendar with all the economic events releases are automatically downloaded by the Robot.
Settings / Inputs
Setting up GEGATRADE PRO and Understanding each Input.
EAWorkMode – RealMode for Live Trading or BacktestMode for Backtesting
DrawingOn – This is to show Drawing on your Chart.
ShowDashboard – This shows a dashboard on the Chart with some useful information
ShowBalance – This shows your Balance and Equity on the chart Changing those Values to “NO” Makes the EA faster while Backtesting
GMTOffsetOfBroker – This is the most important part. The EA uses GMT Universal Coordinated Time for its News WatchDog.
If your Broker is +3 from the News Watchdog Time, then you have to shift your broker 3 hours back, in this case you set -3 in your EA setting
This is a list of brokers with there GMTOffset
Tickmil = -3, ICMarkets = -3, FBS = -3, FxChoice = -3, Pepperstone = -3, GKFX = -3
Alpari = -3, MX = -3, ACTIVTRADES = -2
TradeComment – You can type any comment you like to show on trades
MagicNumber – This is a unique number, this number should be changed if you attach more than one chart, each chart with a different MagicNumber
Money Management – UseMM/FixedLot
If “UseMM” is selected, the EA looks at your balance and risk 0.33% of it.
In the case of the figure above, the EA has a balance of 3000 with risk 0.33%, then starting lot size would be 0.01
When the balance grows to 6000 then the starting lot size will be increased to 0.02
This is good for backtesting.
If “FixedLot” is selected, then you simply set the lot size you like to start with and disregard all the rest.
Recommended start lot size 0.01 for every 3000$ balance.
TradeDirection – Short/Long/Both
You can define what direction to trade. Our suggestion is always Short.
MaxSpread – The maximum Spread to allow trades.
PauseLong – This will force a pause and the EA will stop opening 1st Starting Long trade.
N.B This will not stop the EA from “Managing the exisiting trades” OR “Opening more trades” for its calculation Algorithm.
PauseShort – This will force a pause and the EA will stop opening 1st Starting Short trade.
N.B This will not stop the EA from “Managing the exisiting trades” OR “Opening more
trades” for its calculation Algorithm
Example : If the EA has 5 Short trades being managed and you want to stop the EA after it
finish managing this bascket of trades, then you set your PauseShort to Yes.
The EA wil continue opening orders and managing this Basket of Short trades, after it
meets the Take Profit and close, the EA goes into PAUSE.
PauseMartingaleLong – This function will pause the EA from opening new Long Martingale trades.
PauseMartingaleShort – This function will pause the EA from opening new Short.
Martingale trades.When this function is turned Off then the EA will simply continue where it left
TakeProfitLong – Take Profit for Long trades (In Points)
TakeProfitShort – Take Profit for Short trades (In Points)
Use_SL – YES/NO This will turn on the Stop Loss function
Stop by money Long – The amount of money to activate Stop Loss for Long Trade
Stop by money Short – The amount of money to activate Stop Loss for Short Trade
TradeFriday – Restrict Trading on Fridays