Once you load Perceptrader AI on your chart, pop-up box will appear showing the settings of your EA. Make sure that all the settings and alerts are correct before clicking OK.
Perceptrader AI money management & risk settings:
Check for Instances of the EA - checks that only one instance of the EA is running at a time. If EA detects other instances with the same UID, trading will be disabled.
Allow Opening a new Initial Trade? - on/off opening of new grids. It does not affect the already open grids.
Allow Manual Trading Buttons - enable/disable manual trading buttons that allow you to manually open an initial trade: the EA will pick up the manually opened trade and manage it as usual. The buttons are affected by the following parameters: Symbols, Maximum Spread, and Maximum Symbols at a time.
Lot-sizing Method - select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the "Fixed lot" parameter, Dynamic Lots will use 'Dynamic Lot' parameter, Deposit load will calculate lots based on deposit load%, and 4 predefined presets will calculate risk automatically for you.
Fixed Lot - fixed trading lot for the initial trade.
Dynamic Lot (Balance/Equity based) - balance/equity to be used per 0.01 lot.
Deposit Load % - % of the deposit that will be totally used to open the initial trade.
Fixed Initial Deposit? (Tester only) - lot size will be calculated based on the initial deposit; new profits will not be considered.
Tester Withdrawal (Tester only) - the withdrawal will take place if the account equity exceeds the specified value. For MT5 only.
Withdrawal Amount (Tester only) - amount to withdrawal. For MT5 only.
Rounding Method - allows you to choose the method of rounding fractional lots to calculate trading lot sizes.
Max Lot per Order - maximum size of a single order.
Auto Split? - option allowing the EA to trade with any lot size/volume without limits. Most brokers have a limit of 100 lots per order, so if the option is enabled, the EA will automatically split a large trading volume (e.g. 10000 lots) into multiple smaller orders (not more than 100 lots per the child order). It is intended to be used in tester to allow testing the EA on all the available history.
Maximum Spread, in pips - maximal allowed spread.
Maximum Slippage for a non-ECN acc, in pips - max allowed slippage for a non-ECN account.
Maximum Symbols at a time - maximal allowed number of symbols that can be opened at the same time.
Only One Symbol if Grid reaches this Level [0-disabled] - this option allows you to temporarily reduce the "Maximum Symbols at a Time" to one if an open grid reaches the specified level.
Disable Trades on the Same Side of a Currency - this option disables the opening of new initial trades on the same side of a currency. For example, it can help prevent having 2 shorts for CAD at the same time to protect accounts from a strong trend for the CAD currency.
Allow Hedging? - allow opening multi-directional trades on the same symbol.
Allow Trading on Holidays? - on/off Christmas/New Year trading filter.
Allow to Buy/Sell - on/off Buy/Sell trades.
Minimum Free Margin % [0-disabled] - if Free Margin% falls below the specified value, the EA will not place new pending orders and will cancel already placed ones.
Max Open Lots (Filter) - the EA will not send new initial orders if the volume of all positions opened by the EA exceeds the specified value.
Max Floating Drawdown % - if current floating drawdown exceeds the specified % the EA will close open positions.
Max Floating Drawdown in Money [0-disabled] - if current floating drawdown exceeds the specified value in money the EA will close open positions.
Max Daily Drawdown Limit % FTMO Rules - maximum daily drawdown limit, calculated according to the FTMO rules. Non-trading operations (like withdrawals) during the day are not taken into account.
Max Daily Drawdown Limit in Money FTMO Rules [0-disabled] - maximum daily drawdown limit in MONEY, calculated according to the FTMO rules. Non-trading operations (like withdrawals) during the day are not taken into account.
Max Daily Drawdown Reset Hour FTMO Rules (Broker time) - hour to reset the max. drawdown with the prop firm.
Max Drawdown Action - allows you to specify actions to be taken after the max. drawdown is reached (in money or %):
'Close trades & stop trading for 24h' - the EA will close all open trades/grids and will not open new ones for 24 hours.
‘Close trades & stop trading until the end of the day’ - the EA will close all open trades/grids and will not open new ones until the end of the day.
'Close trades & stop trading until restart' - the EA will close all open trades/grids and will not open new ones until the EA/MT restarts.
- Max Drawdown Calculation - allows you to specify how the maximum drawdown is calculated:
'The account' - takes into account all positions opened on the account, including trades opened manually or by other EAs;
'This strategy' - takes into account only positions opened by this EA.
Handle Max Drawdown Events on Every Tick - enable/disable drawdown event handling on every tick (instead of once a minute which is used by default, it may consume more CPU resources).
Check Margin for all Grid Levels - if true, the EA will check if there is enough free margin to open all grid levels at the same time. If not enough, the initial lot size will be reduced.
Check Bars for Errors - if true, the EA will check the relevance of historical data and bar opening time. Turn it off if your broker uses non-standard bar opening time (for example hh:02, hh:17, hh:32, hh:47).
Max Daily Drawdown Type FTMO - allows you to customize the daily drawdown calculation.
Do Nothing if During Rollover - set to true if you want to ignore max. drawdown checks during rollover.
Hour to Close & Stop Trading on Friday [0-disabled] - possibility to stop the EA on Friday at a specified hour.
Max Open Lots Adjusted For... - allows you to adjust Max Open Lots for balance or equity so that it will grow proportionately.
Force Basket Closure once the Initial Order is Closed - option to force basket closure once the initial order/trade is closed by TP or by manual intervention.
Max Floating Drawdown % for each Symbol, separated by comma - allows you to specify the max. drawdown % separately for each symbol.