Quick way to understand the presets used

The Quick Way to Understand the Preset Used is quite easy, follow these steps.

First Load the preset on the EA (recommendation on the DEMO account)

After that click "Show Strategy" until the image below appears

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Ok, up to here, just focus on the activated function (Red Circle)

We can see that this preset uses the following important functions

1. Use Averaging Mode

2. Use "Close By Amount"

3. Use "DrawDown Reduction"

Let's discuss one by one.

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First Averaging. Let's Check Averaging

Still confused?... Check Excel Documentation.. if you read the Documentation, you can understand the types of settings on this Averaging.

How to read it is more or less like this:

Averaging Mode, Just add an order if the condition is Profit, Change the order only on the last lot order, the lot will increase by 0.01 in every 3 orders, and all orders have a distance of 10 pips between orders.

To be able to read the function as above, you must understand the documentation in Excel

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 The second function is "Close By Amount" ..

How to read it is more or less like this: 

Close all Orders if Profit reaches $10 and Loss $5

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The third function is "DrawDown Reduction"

How to read it is more or less like this: If Drawdown reaches 1%, and there are 3 orders on the chart, then DDR will be active, DDR will calculate the 2 Oldest orders and 2 Newest orders.. and if the total profit of the Oldest order and the Newest order is $3, then the order will be closed.

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so the summary of this strategy is

Open Position Strategy :

- Averaging Mode, Just add orders if the condition is Profit, Change orders only on the last lot order, the lot will increase by 0.01 in every 3 orders, and all orders have a distance of 10 pips between orders.

Close Position Strategy :

- Close all Orders if Profit reaches $ 10 and Loss $ 5

- if Drawdown reaches 1%, and there are 3 Active orders on the chart then DDR will be active, DDR will calculate the 2 oldest orders and 2 Newest orders .. and if the total profit of the oldest order and the Newest order is $ 3, then the order will be closed