AurumBot Trading Robot – Input Parameters Overview
EA Settings
Money Management
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Trade lot setting: Defines how lot sizes are calculated (fixed, based on balance, currency, or risk).
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Trade risk (%): Percentage of account balance to risk per trade.
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Fix trade lot: Use this lot size if fixed lot mode is selected.
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Fix trade lot but per specific value of account balance: Lot size relative to balance size.
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Fix trade lot based on currency: Trade size based on a fixed currency amount.
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Max trade lot: Upper limit for trade lot size.
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Min trade lot: Minimum allowable trade lot size.
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Reduce lot when trades make loss: Decrease lot size by a set percentage after losses.
SL and TP Settings
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BUY Take Profit ratio: Multiplier for calculating TP on buy trades (set -1 to disable).
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BUY Stop Loss ratio: Multiplier for SL on buy trades (set -1 to disable).
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SELL Take Profit ratio: Multiplier for TP on sell trades (set -1 to disable).
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SELL Stop Loss ratio: Multiplier for SL on sell trades (set -1 to disable).
Trade Management
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Max number of open trades: Limit total simultaneous trades.
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Max spread for filtering trades (0 = disable): Prevents trading in high-spread conditions.
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Limit trades direction: Allow only buy, sell, or both directions.
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Only one trade per trading signal: Ensures single trade per signal.
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Allow hedging for trades: Enables hedged (opposite) positions on same symbol.
Trade Timing
Signal Additional Filter
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Use RSI as filter of signals: Enables RSI filter before entering a trade.
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RSI filter period: Period used in RSI calculation.
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RSI filter timeframe: Timeframe used for RSI filtering.
Prop Firm Customization
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Changing TP and SL with random pip: Adds randomization to SL/TP (useful for prop firm compliance).
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Close trades when daily profit target reached (%): Closes all trades after hitting daily profit goal.
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Closing trades when max DD reached (%): Shuts down positions upon reaching drawdown threshold.
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Max daily loss based on balance currency: Maximum monetary loss allowed per day.
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Max number of daily losing trade: Maximum losing trades per day before stopping.
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Daily profit target (%): Profit percentage goal for the day.
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Not opening new trade when reaching DD (%): Prevents new trades after certain drawdown.
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Stop trades after loss for N candles: Pauses trading for a set number of candles after loss.
Trailing Settings
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Turn on trailing stop: Activates trailing stop functionality.
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Trail type: Selects the trailing method (e.g., fixed, ATR-based).
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Remove TP after trail started: Deletes TP once trailing begins.
Closing Part of Order Settings
Fixed Pip Trail Settings
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Trailing start pip: Distance in pips before trailing begins.
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Trailing pips: Distance the SL trails price.
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Trailing step pip: Increment for SL adjustments during trailing.
ATR-Based Trail Settings
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ATR period: Period used for ATR-based trailing.
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ATR timeframe: Timeframe for ATR calculation.
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Multiplier of ATR value: SL distance based on ATR * multiplier.
Breakeven Settings
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Turn on breakeven: Enables the breakeven function.
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Breakeven start distance: Pips price must move before breakeven activates.
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Breakeven extra pips: Additional pips added after breakeven is triggered.
LINKS:
1. AurumBot MT5: https://www.mql5.com/en/market/product/139444
2. Support Channel: https://www.mql5.com/en/channels/the_bull_bear_brief