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BitDooZER’s Enter Parameters In Element – Buying and selling Techniques – 17 October 2022

In case you’re in search of a BTCUSD set file, you may discover it hooked up on the finish of this text.

Hello customer! In case you’re right here it is absolutely since you need to know extra about BitDooZER Enter Parameters… properly, we received you lined! Seize a drink and sit again, as a result of that is going to be a protracted publish, however after you’ve got learn by way of it you will not most likely have too many questions on parameters in any respect. Anyway, in case you do, as a result of another customers could have the identical query as you do, please ensure that to ask within the “Feedback” tab of BitDooZER, so that everyone can profit from the reply. No solutions will likely be supplied by personal message. Thanks and… glad studying!

EA SETTINGS

Magic quantity: Default worth “75040388“. Distinctive identificator of the EA. This ID needs to be completely different from every other ID utilized by every other Knowledgeable Advisor that you simply’re already utilizing in the identical Metatrader 4 terminal.

Remark prefix: Default worth “bitdoozer“. Person prefix for every the commerce. It is positioned alongside some inside remark that BitDooZER locations to determine the basket ID and that can not be eliminated.

Preliminary lot measurement: Default worth “0.01“. Preliminary quantity of each new basket. We strongly suggest you retain this on the minimal quantity for the basket opening, which needs to be a minilot within the majority of brokers.

Most unfold (pips): Default worth “7.01“. Most tolerance for the unfold, that means that if the present unfold is above this worth, the commerce will not be positioned, and as a substitute BitDooZER will wait till the unfold is throughout the threshold. For that purpose we do suggest a dealer with good spreads. The pips for BTCUSD are considerably peculiar. In lots of locations you may see that the worth of 1 pip is in comparison with 1 USD, so in different phrases a variety of seven pips could be like saying a variety of seven USD. Listen now, as a result of with regards to changing into factors 1 pip in BTCUSD shouldn’t be equal to 10 factors however 100 factors. That is the rationale why you may see that your dealer has this image unfold expressed as 500 or 600. That might be like saying 5 pips (500 divided into 100) or 6 pips (600 into 100). To sum this up, the worth you set on this parameter in pips needs to be multiplied by 100 if you wish to specific it in factors, and examine it to your dealer unfold. The default worth of seven.01 pips, due to this fact, is equal to 701 factors of unfold. Regulate accordingly. To know extra in regards to the BTCUSD unfold, please go to “Understanding BTCUSD Unfold”.

Most slippage (pips): Default worth “1.01“. Much like the unfold, however for the slippage when your dealer is putting the commerce, that means that if the slippage goes above the tolerance (by default 1.01 pips or 101 factors – it isn’t an error, see “Most unfold (pips)” for the reason) the commerce will not be positioned and BitDooZER will as a substitute attempt its luck once more a number of extra instances and within the subsequent tick. A real ECN dealer would ignore this parameter, however it may be related for different brokers. Regulate accordingly.

SAFETY SETTINGS

Most popular buying and selling window: Default worth “WEEKEND“. Time window throughout which BitDooZER is allowed to commerce. Attributable to MQL5 Market coverage, BitDooZER is not going to restrict you in any method relating to the image you need to commerce, timeframe or day. Nevertheless you may choose an choice from the checklist beneath, and BitDooZER will show a warning whether it is exterior the time window chosen. You may choose from the checklist both of the next choices (bear in mind: being exterior of the beneath time home windows solely shows a warning, and doesn’t restrict BitDooZER’s buying and selling in any method!):

  • DO_NOT_PAUSE: BitDooZER wil commerce continuous all seven days of the week. Bear in mind, nonetheless, that we suggest buying and selling with BitDooZER solely throughout the weekend, because of the decrease volatility of the BTCUSD image.
  • WEEKEND: The default choice and our advice. BitDooZER will commerce solely throughout Saturday and Sunday, and can stay idle from Monday via Friday.
  • WEEKDAYS: The other of the earlier choice. BitDooZER will commerce from Monday via Friday, and can stay idle throughout Saturday and Sunday, following the ForEx market hours. Bear in mind, nonetheless, that we suggest buying and selling with BitDooZER solely throughout the weekend, because of the decrease volatility of the BTCUSD image.


UI SETTINGS

UI colours theme: Default worth “DARK“. Coloration theme for the present chart. Select from:

  • DARK: A chic darkish mixture of black and orange candles and a contact of gold. The values entered within the parameters “Button background (pressed)”, “Standing message”, “Constructive revenue textual content” and “Unfavorable revenue textual content” may have no impact.
  • LIGHT: In case you’re into mild backgrounds, this can be a mixture of snow-white and darkish orange candles with some particulars in metal blue. The values entered within the parameters “Button background (pressed)”, “Standing message”, “Constructive revenue textual content” and “Unfavorable revenue textual content” may have no impact.
  • CUSTOM: In case you desire to make use of your personal colours, choose this feature, then choose your colours for the remainder of parameters, “Button background (pressed)”, “Standing message”, “Constructive revenue textual content” and “Unfavorable revenue textual content”.

Button background (pressed): Default worth “Tomato“. Coloration of the UI buttons after they’re energetic (solely relevant when “UI shade theme” is ready to “CUSTOM”).

Standing message: Default worth “Gold“. Coloration of the standing/info messages in addition to information info beneath the standing messages (solely relevant when “UI shade theme” is ready to “CUSTOM”).

Constructive revenue textual content: Default worth “LimeGreen“. Coloration of the floating P/L data panel on the prime of the chart when P/L is constructive. Additionally shade of the textual content label above/beneath a candle when a basket is closed at revenue (solely relevant when “UI shade theme” is ready to “CUSTOM”).

Unfavorable revenue textual content: Default worth “Tomato“. Coloration of the floating P/L data panel on the prime of the chart when P/L is damaging. Additionally shade of the textual content label above/beneath a candle when a basket is closed at loss (solely relevant when “UI shade theme” is ready to “CUSTOM”) .

BITDOOZER SET FILES

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