Explain MultiplyBy

 

Explain MultiplyBy


things you need to know first before using "MultiplyBy"

1.Trade Mode must be Averaging

Because you will open more than 1 order, Trade_Mode must be Averaging


2.Understand the Multiply, Add_Lot, and LotChangeAt functions

  • if Multiply it will multiply the previous Lot (Minimum value 1.5),
  • If Add_Lot it will add the previous Lot (Minimum value 0.01),
  • and LotChangeAt is the value that determines in the Order what lot value will be changed.

Example :

In the next example we will use the following settings, for the next 3 orders the Lot will be multiplied by 1 and added by 0.01


1.Last Same Signal

You can see that in this mode EA will only calculate and add up the same orders... An example can be seen in the image above

  • The first 3 buy orders, namely at Time 00:00, 01:00, 01:45, have a Lot of 0.01, and in the fourth order, namely at Time 02:15, the Lot in the Buy order changes to 0.02.
  • The first 3 Sell orders, namely at 00:15, 00:30, 00:45, have a Lot of 0.01, and in the Fourth Order, namely at 01:15, the Lot of the Sell order changes to 0.o2.

2.Last Opposite Signal

In this mode EA requires a change in the Order type to be able to change the Lot, where the Lot Change is calculated from the Sell Order at 00:45, and will change the next 3 orders and so on... indeed if "LotChangeAt" is filled with a number other than 1 it is a bit confusing but what If we replace it with the value 1 it might be a little more understandable like the following picture:


3.Last Signal

In this mode EA will always change the Lot on the 3rd order no matter if the Order type is the same or different

3.Averaging One Order Type


In this mode EA will change every 3 orders but will not open a different type of order until it closes all previous orders.

4.Averaging Opposite Order Type

In this mode EA will not open an Order of the same Type before an Order of a different Type appears, and will change the Lot every 3 orders.

There's Two Condition if u Use this Parameter

1. Trade Mode == Averaging , Multiply By == Averaging Opposite Order Type, dan Close if_There_is_Oppsite_Signal == Close All


in this Condition When All Order Is Cleary EA will Direcly Open Order when receiving a signal no matter if the previous signal Type is different or same

2. Trade Mode == Averaging , Multiply By == Averaging Opposite Order Type, dan Close if_There_is_Oppsite_Signal == Close And Reverse


in this Condition When All Order Is Cleary, EA will check the signal, if the new signal is different from the previous one, then EA will open a new order.

Maybe that's enough from me, if there is an error, please chat Dev EA directly in the ReadBot group


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