Forex EA Robot Trading Blog

• For Version 6, the parameters are reorderd in order of priority/li>
  
• (Version 6) UseOptimalSettings- If true (by default) will use the optimised values for each pair. If false, will use the settings provided. This is provided, as the settings are getting quite complicated for the average user to set.


• UseATR- Whether to use the ATR (Average True Range) indicator (when true) to determine gridmesh and trailing stop level, or (when false) to use fixed grid settings as per previous versions


• ATRMult- This is a floating point value, and can be used to make the grid wider or smaller when using ATR. The ATR is usually a value between 0.5 and 5 (depending on pair/timeframe), and so a value of 50 as ATR will mean the gridmesh will range between 25 and 250 depending on the current market volatility.

Labels: ATR, CarryGrid v6, parameters

I am going to start posting more FAQ information here, as the FAQ on the site is already quite long, and it is hard to scan for updates.

1. Please can you explain in a short message what the parameters do - is everything to change in the parameters ?? or can i start it how it received me ?? whats the best settings ?
2. Is it only for GBPJPY ??
3. How did i received updates ??

1. The parameters are explained in the download page sent to you.. if you read
   further down the page you will find all the parameters explained.. there isnt
   anything you should have to change, unless you have a problem with the lot size.
   If there is a problem with the auto lot size, it will tell you in the top left
   part of the screen that the lot size is invalid and you will have to set it
   manually.
2. Basically it can be used on all the high interest bearing currency
   pairs, such as GBPJPY, GBPCHF, AUDJPY, USDJPY - but you should not be using it on too many pairs simultaneously as you may be placing too many positions. Its a decision concerning risk/reward, which comes back to the individual taste.
3. You will receive updates via a newsletter that is sent out every few weeks
   with information regarding the latest version and any other freebies/promotions that we have. For example, we recently sent out another EA we have in testing.

Labels: EA, FAQ, GBPJPY, parameters, updates