Bongo EA MT4 – Person Guide – My Buying and selling – 1 October 2022

Introduction

Howdy and thanks for taking the time to learn this weblog submit. I will go over every thing intimately right here.

Bongo EA is presently accessible for the MetaTrader 4 and MetaTrader 5 platforms. As a dealer, I created this EA with a market transferring technique and highly effective settings. It’s also possible to use any dealer you need. Though there shall be little slippage, I’ll suggest prime brokers that you must use. Additionally, please keep in mind to run on a demo account earlier than going stay. As a result of I’ve seen it earlier than, we will begin doing stay buying and selling with out testing. That can also be why I lose some huge cash. So I strongly advise you to make use of a minimum of one month earlier than going stay.

• Really useful Brokers: IC Markets, Tickmill,  Pepperstone
• Really useful Account Kind: ECN / Uncooked Unfold / Zero Unfold / Razor
• Minimal Deposit : $100
• Really useful Leverage : 1:500

How one can setup the EA in your MT4 Terminal

After buying the Bongo EA from the MQL5 product web page, full the next steps to attach the EA to your terminal.

Earlier than you comply with the steps ensure you add the information hyperlink https:

Go To  Instruments > Choices > Skilled Advisors

Then Mark The Test Field and Add The URL Then Click on OK. 

Now Observe The Beneath Steps :

Step 1

• From Market Watch window open XAUUSD(GOLD) chart
• Choose M15 Timeframe.

Step 2

• Drag and drop Bongo EA from Navigator or use CTRL+N on the keyboard to indicate or cover Navigator.

Step 3

• You will notice a popup window after efficiently dragging the EA from Navigator to Chart.
• Choose the Widespread Tab and make sure that ‘Permit Stay Buying and selling‘ is enabled.

Step 4

• Now click on on the ‘Inputs‘ Tab after which click on on the ‘Load‘ button to load offered set file.

Word: Ship me non-public message me on MQL5 to acquire numerous set recordsdata based mostly in your buying and selling model

Step 5

• Test that the chart reveals a completely happy face. Click on to auto buying and selling when you see a tragic face.

Dealer Time Settings

It makes no distinction which dealer you utilize or what time zone your dealer operates in. If you wish to commerce the London session, enter the London session time zone. If you wish to commerce Tokyo or New York, enter the time however Bongo EA Run 23 hours and Open only one commerce if Value Reaches.

• Right here You could find Dealer Time – 

EA Begin and EA Cease:- 

• EA Begin – EA Begin has begun analyzing positions and putting pending orders in your behalf.
• EA Cease – EA Cease assists you in deleting all pending orders if the market doesn’t hit any pending orders inside that time-frame.

Buying and selling Days Settings

• It is quite simple to specify whether or not you wish to commerce or not. The vast majority of merchants dislike buying and selling on Mondays and Fridays.
• If you wish to flip it off, merely set it to False.

Normal Parameter

• Do not use any dealer if Gold Unfold Extra Than 15-20

You could find unfold entrance of the pairs and when you do not see Proper Click on > Choose Unfold To See

Orders

• Take Earnings (Factors) – 100 Factors means 10 Pips
• Cease Loss (Factors) –  50 Factors means 5 Pips

Customized Trailing

•  You must persist with the default file except you understand how to switch it.

Auto Threat

• I will ship you the suitable set file.
• Threat Share – Assume you will have $1000, and when you set the Threat Share to 100, the lot dimension needs to be 0.10, and when you set it to 50, the lot dimension needs to be 0.05.
• Auto lot linked with Restoration mode.

Restoration Settings

Word: Restoration just isn't a dangerous or Martingale methodology. 
It's not essential to maintain doubling the lot dimension.

Restoration Mode 1x – 

Buying and selling Days	Lot Dimension	Win/Lose
Monday	0.01	Win
Tuesday	0.01	Lose
Wednesday	0.01	Lose
Thursday	0.01	Lose
Friday	0.01	Win
Once more Monday	0.01	Win

Let’s attempt to perceive for Restoration Mode 2x and 3x

Restoration Mode 2x – 

Buying and selling Days	Lot Dimension	Win/Lose
Monday	0.01	Win
Tuesday	0.01	Lose
Wednesday	0.02	Lose
Thursday	0.03	Lose
Friday	0.03	Win
Once more Monday	0.01	Win

Restoration Mode 3x – 

Buying and selling Days	Lot Dimension	Win/Lose
Monday	0.01	Win
Tuesday	0.01	Lose
Wednesday	0.02	Lose
Thursday	0.04	Lose
Friday	0.04	Win
Once more Monday	0.01	Win

Word - I've added for the most secure buying and selling. 
You possibly can select The Affect of Information after deciding on True on the Information Filter.

• Minute Earlier than Information – 60 Minutes (Affect Forex Pairs Deleted Routinely- For Us It is USD)
• Information Affect Excessive/Low/Medium – True/False (You possibly can maintain Excessive Solely remainder of False)
• Dealer time zone GMT +3 however well-liked brokers like IC markets, Tickmill, pepperstone timezone 3

• Present Panel – True/False
• For X and Y Place Do Not Contact
• You Can Play with colour settings and make dashboard colour as you want

Conclusion

I created this EA based mostly on market motion utilizing a easy however efficient technique. Additionally, I will make the enter very person pleasant, however one of many highly effective methods I exploit with Bongo EA that You need to use Any Buying and selling Classes that I would share with you later. However I created this technique in order that the EA can transfer with the market.

When you have any extra questions, please contact me through MQL5 Direct Message. Joyful Buying and selling ❤😊