Continuously Requested Questions
Is it a martingale or grid technique?
No by no means, it might open some orders from identical pair however its purely as a result of it noticed alternatives for one more entry however non of the positions are associated and they’re all separated from one another.
What number of activations do I get?
Vela comes with 10 activations, often this quantity is sufficient as we’ve by no means had a state of affairs had been somebody wanted extra but when it occurs we are able to determine one thing out
What sort of account ought to I take advantage of?
Preferrably, a low unfold (ECN, Uncooked) account with at the least 1:100 leverage is adviced.
What pairs does it help?
It performs finest on pairs which have USD quote as a result of the AI is base on this foreign money
CADJPY, GBPUSD, EURCHF
Can Vela move the FTMO problem?
The ai is just not educated particularly for the prop agency challenges however in backtests. From this 12 months (2022) exhibits DD under 5% with 1% danger and round 100% revenue till nineteenth of November, Having stated that, YES, it might probably move the challenges however with your personal accountability
My symbols have prefix or suffix, what do I do?
Go away symbols to commerce as they’re and within the inputs under add your suffix or prefix. For instance if EURUSD is xEURUSD then put “x” within the prefix enter. If it’s EURUSDx, then put “x” within the suffix enter
How a lot revenue can I make monthly?
It’s often round 10 % with 1 % danger (some fluctuations might happen as a consequence of market situations)
Does it help hedge accounts solely?
Sure. Vela MUST be run on hedge account just for optimum efficiency
What’s an approximate drawdown monthly?
Often under 5% if 1% danger per commerce is used
Drawdown within the backtest is low, ought to I take advantage of a better danger %?
it’s your alternative however we advocate holding it at 1% danger in case the market begins appearing abnormally
What if my account is in a unique foreign money than USD?
It doesn’t matter, Vela handles it routinely together with unusual currencies but when there was a brand new foreign money that the EA has issues with, we’ll repair it instantly
Can Vela run alongside different specialists?
Sure, however guarantee that all of your knowledgeable advisors have completely different magic numbers
Is there a Telegram group?
Sure, there’s a Telegram buyer help group. Please personal message me to get an invite or go away a remark within the remark part after buy
Is Vela accessible to buy wherever else?
No, Vela is on the market solely on MQL5, if discovered wherever else, it’s most positively not unique
What timeframe ought to I take advantage of?
CADJPY H1 chart is perfect. Vela will routinely commerce all of the symbols it has been educated for
How typically do you intend updates?
Vela is ideal as it’s proper now. Nevertheless, if want be, we make updates primarily based on market traits
How you can Use The Professional?
How you can begin the knowledgeable:
Run Vela simply on the first chart – (timeframe solely H1). As soon as it’s connected to a chart, it’s going to routinely scan charts of different foreign money pairs and open positions accordingly.
How you can repair error 4752?
This error signifies that you just’ve not enabled auto buying and selling. With a view to repair this, it’s good to carry out two duties:
Firstly, the “Algo Buying and selling” button on prime of your Metatrader terminal ought to be inexperienced (enabled)
Then in knowledgeable settings in “Widespread” part, the “enable Algo buying and selling” field ought to be checked as effectively
Are the default settings good?
The default settings are nice however you’ll be able to change them in accordance with your type of buying and selling.
What’s the minimal advisable begin stability?
That is put at $500 for each 0.01 when you go for the mounted lot in lot sizing methodology. In the event you select lot sizing methodology: primarily based on the stability, then the chance proportion ought to be one thing like this:
0.5% min. $3000
1% min. $1500
5% min. $300.
How you can repair error “Indicator ‘Common True Vary’ can’t load”?
It means the historical past of charts should not loaded, to repair this, open all of the charts of the symbols you included within the image record and let the charts load
How you can enhance traded lot sizes?
One of many easiest methods to extend the traded lot measurement is by rising the Threat of every commerce (%) or to utilize mounted lot.
What determines the T/P?
The ai is educated via out the market and base on what it realized it’s going to resolve on how a lot revenue it might probably get from any place
What determines the S/L?
Identical to the T/P, cease loss is set by how a lot room a place must hit the goal.
Inputs Particulars
Detailed description of Vela’s inputs:
Pairs:
Symbols that you just wish to commerce on , we advocate the default ones , keep in mind so as to add pairs all with capital letters and with none house and separated by a comma
Professional Remark:
It is a remark part which some customers discover fairly helpful. You’ll be able to simply edit it by double clicking on the remark that’s at present set as “VAI” which implies Vela Synthetic Intelligence
Image Suffix:
in case your dealer requires this, please guarantee to incorporate it. For instance if EURUSD pair along with your dealer is EURUSDx, you MUST put “x” right here
Image Prefix:
in case your dealer requires this, please guarantee to incorporate it. For instance if EURUSD pair along with your dealer is xEURUSDx, you MUST put “x” right here
Magic Quantity:
That is the place you set your magic quantity if it’s good to. please be certain that it’s completely different from different magic numbers being utilized in different charts
Lot:
In the event you set it to zero it means that it’s going to routinely calculate the lot primarily based on danger proportion from the enter under it ,however when you set it to any quantity it’s going to use that as lot worth for all orders.
Threat % in case of automated lot:
For instance when you set it to 1 % it’s going to lose precisely 1 % if any order hits stoploss
Max open positions
Vela won’t have greater than 20 positions open at any time primarily based on default
Max unfold for market order in pips
That is the utmost unfold that’s allowed for the EA to open a place. In case Vela would wish to place a commerce however the unfold is simply too excessive, the commerce won’t be positioned. 0 means it doesn’t filter any trades
Shut all when attain fairness DD:
If that is On it’s going to shut all orders when reaching the drawdown set by enter under
Fairness DD :
In the event you set the above to true, then you’ll be able to set the precise drawdown restrict, For instance in case your Fairness is $1000 and also you set the worth to 10, then all of your open trades will probably be routinely closed as soon as the whole drawdown hits -100 USD. At the moment it is set to 35%
Each day goal:
For instance when you set it to 1 then when you make 1 % revenue in a day it wont commerce anymore till tomorrow ,zero means its disabled
Shut all when hit each day goal:
If the above enter is just not zero and this enter is on, when the each day goal is achieved (together with fairness) it’s going to shut all orders , in any other case it’s going to solely calculate the stability and never includee the open positions
Trailing pips
Right here, you’ll be able to point out what ought to be the space of trailing cease and present value
Zero means its disabled.
Trailing Begin
Right here, you’ll be able to point out after what number of pips of revenue the trailing ought to begin
