Introduction
Hey and thanks for taking the time to learn this weblog submit. I am going to go over all the things intimately right here.
Bongo EA is at the moment obtainable for the MetaTrader 4 and MetaTrader 5 platforms. As a dealer, I created this EA with a market shifting technique and highly effective settings. You may also use any dealer you need. Though there will likely be little slippage, I’ll suggest prime brokers that it’s best to 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’ll begin doing stay buying and selling with out testing. That can 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 Sort: ECN / Uncooked Unfold / Zero Unfold / Razor
- Minimal Deposit : $100
- Really useful Leverage : 1:500
Bongo EA Inputs Information:
- Introduction
- The best way to setup the EA
- Dealer Time Settings
- Buying and selling Days Settings
- Normal Parameters
- Orders
- Customized Trailing’s
- Auto Danger
- Guide Danger
- Restoration Settings
- Information Settings
- Dashboard Settings
- Conclusion
The best way to setup the EA in your MT5 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 observe the steps be sure 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 Under Steps :-
Now Observe The Under 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 point out or cover Navigator.
Step 3
- You will notice a popup window after efficiently dragging the EA from Navigator to Chart.
- Choose the Frequent Tab and make sure that ‘Enable Algo Buying and selling‘ is enabled.
- On the finish go to the Inputs and Load The Supplied Set file.
Step 4
- Test that the chart. You will notice a ugly Dashboard with Gray Hat colour icon beside Bongo EA.
- Click on Algo Buying and selling and Icon Colour will likely be change and switch into blue
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 Worth Reaches.
- Right here You will discover Dealer Time –
EA Begin and EA Cease:-
- EA Begin – EA Begin has begun analyzing positions and inserting 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 will discover unfold entrance of the pairs and should you do not see Proper Click on > Choose Columns > Unfold
Orders
- Take Income (Factors) – 100 Factors means 10 Pips
- Cease Loss (Factors) – 50 Factors means 5 Pips
Customized Trailing
- You need to follow the default file until you know the way to change it.
Auto Danger
- I am going to ship you the suitable set file.
- Danger Proportion – Assume you’ve $1000, and should you set the Danger Proportion to 100, the lot dimension must be 0.10, and should you set it to 50, the lot dimension must be 0.05.
- Auto lot linked with Restoration mode.
Restoration Settings
Word: Restoration just isn't a dangerous or Martingale methodology. It isn't essential to preserve 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 Robotically- For Us It is USD)
- Information Affect Excessive/Low/Medium – True/False (You possibly can preserve Excessive Solely remainder of False)
- Dealer time zone GMT +3 however in style 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 primarily based on market motion utilizing a easy however efficient technique. Additionally, I am going to make the enter very consumer pleasant, however one of many highly effective methods I take advantage of with Bongo EA that You should use Any Buying and selling Periods that I’d share with you later. However I created this technique in order that the EA can transfer with the market.
If in case you have any further questions, please contact me by way of MQL5 Direct Message. Completely happy Buying and selling ❤😊
