DML EA OliveReaction

Main Startup Settings

• Trading ON on init: Determines whether the EA should start trading automatically when placed on the chart.
  • Setting it to `false` (default) provides a safety measure. After an accidental platform restart, the robot will manage existing orders but will not open new ones without manual activation via the on-chart button.
  • Setting it to `true` will start trading immediately.

Strategy Modes

The parameter allows the user to choose which of the downloaded Olive levels are used to open positions.

• use_only_bold_levels: In this mode, the robot will initiate trades exclusively based on the primary zone created by the two main (bold) Olive levels for the given day. It ignores additional, wider levels.
• use_extreme_level: In this mode, the robot considers all available Olive levels (both primary and extreme/outer). For trading, it will use the widest possible range, meaning the highest resistance level and the lowest support level from all available levels for that day.

Start and Stop Open Time

The Start Open Time and Stop Open Time functions define the time window during which the robot can open new order grids (setups).

• Start Open Time: This defines the time from which the Expert Advisor can start opening new positions. Before this time, no new trades will be initiated.
• Stop Open Time: This defines the time after which the robot stops opening new positions. This is a "soft stop"-it doesn't close existing orders or open grids, but only blocks the ability to initiate subsequent ones.

In the provided code, the default settings (startOpenTime = "22:00", stopOpenTime = "14:30") mean the robot can open new setups from 10:00 PM on one day until 2:30 PM on the next day.

Global Parameters

Basic configuration settings for the EA.

• Symbol Selection Mode: `Automatic` auto-detects the symbol from the chart. `Manual` allows you to enter the instrument name by hand.
• Manual Name For Symbol: A field to manually enter the symbol (e.g., `EURUSD`) when in `Manual` mode.
• Broker Server Time (GMT): Sets the time zone offset of your broker's server relative to GMT.
• Magic Number: A unique identifier. Each EA instance on your platform must have a different Magic Number to avoid conflicts.

Proximity Alerts

This feature notifies you when the price approaches a selected DML level.

• Proximity alerts: Enables or disables the alert functionality.
• Proximity activation distance (Points): Specifies the distance in points from the level that will trigger an alert.
• Popup Alerts: Enables pop-up notifications on the MT5 platform.
• Mobile Alerts: Enables push notifications to your MT5 mobile app.

Button Parameters

Settings for the on-chart control panel.

• Show Button: Shows or hides the button panel on the chart.
• Buttons Position: Selects the corner of the chart where the panel will be displayed.
• Helper Buttons: The panel includes additional function buttons:
  • H (Hide): Toggles the visibility of all DML levels on the chart.
  • E (Extend): Activates a mode to permanently extend level lines into the future.
  • A (Alert): Activates a mode to permanently set proximity alerts on levels.
• Helper Buttons Position: This parameter determines where the helper buttons (H, E, A) will appear relative to the main level buttons (e.g., top, bottom, left, or right).
• Other Parameters: Allow for detailed customization of the panel's appearance, such as button size (`Button X/Y Size`), text color, font size, and spacing.

Direction & Distance Parameters

Trading Direction: This parameter is a global filter for trade direction that works independently of the chosen strategy. It allows you to force the EA to open positions only in one specific direction.

• BUY_and_SELL: The EA opens both buy and sell positions.
• only_BUY: The EA will only open buy positions.
• only_SELL: The EA will only open sell positions.

Min Distance Between Setups: This parameter defines the minimum distance in points that must be maintained between a newly opened setup and any other already existing on the chart. This is a safeguard against opening too many order grids in close proximity, which could lead to an excessive concentration of risk.

Lot Size Management / Setup Parameters

This section allows for precise management of position sizing and risk.

• Lot Size Mode:
  • fixed: A constant lot size, manually defined in the grid parameters.
  • Lot_perBalance: Lot size is calculated proportionally to the account balance, based on the `Balance for position` value.
  • Risk_from_Balance: Lot size is calculated based on a percentage of the account balance (`riskedPercent`).
  • Risk_from_Equity: Lot size is calculated based on a percentage of the account equity (`riskedPercent`).
  • Risk_from_Amount: Lot size is calculated so that the potential loss does not exceed the amount defined in `riskedAmount`.
• Lot Difference:
  • same_for_all: All positions in the grid will have the size defined by the user settings.
  • multiplier_for_baseLot: The size of subsequent positions in the grid is determined by a multiplier, allowing for strategies like Martingale.
• Balance for position: Defines the amount of balance per unit of lot size. For example, if you enter 1000, the robot will open a 0.01 lot position for every 1000 units of currency in the account.

Grid Setup Parameters

These parameters define how the order grid is constructed after a signal is generated.

• Open Shift Mode: Determines whether the distances between orders in the grid (`Open Shift`) are measured in points (`in_points`) or as a multiplier of the range (`range_Multiplier`). The range is the distance between the signal-generating DML level and the price at the time of the signal.
• First Order At Market: If `true`, the first order is placed immediately at the market price after a signal. If `false`, the EA places a pending order at the open price of the M1 candle on which the signal occurred.
• Used Price Level for Shifts: Decides whether subsequent orders in the grid are placed relative to the price of the first opened order (`first_order_price`) or the DML level that generated the signal (`level_price`).

TP & SL Management

Advanced options for managing Stop Loss and Take Profit orders.

• TP Mode / SL Mode: Allows setting Take Profit and Stop Loss levels in points (`in_points`) or as a multiplier of the range (`range_Multiplier`).
• Use Move TP: Activates the dynamic Take Profit adjustment feature. You can define up to 4 conditions – after a specific position in the grid is opened, the common TP for all orders will be moved to a new, defined level.
• Move SL/BE: A dynamic function to move the Stop Loss (or to Break Even).
  • Reference Price: The reference point for calculations can be the price of the first order or the DML level that generated the signal.
  • Triggers & Shifts: You can set 4 thresholds. Each threshold consists of two values: the distance from the reference point that activates the change (Trigger), and the new level to which the SL will be moved (Shift).

Risk & Safety Functions

Additional modules to protect capital and secure profits.

• Safe Profit Function: A profit protection feature. It's activated after a specific position number is opened. When the price gets close to the TP by a defined distance, the function "arms" itself. If the price then retreats and reaches a second defined distance, the orders are closed.
  • Operating Modes: It can close all positions in the setup, or only those that are currently in profit. In the second scenario, positions closed with a profit will be re-established as pending orders.
• Max Daily Loss: The maximum allowable daily loss in your account currency. Once reached, the robot stops opening new setups for that trading day.

Time & Session Filters

Time filters allow you to adapt the EA's operation to specific sessions or avoid undesirable market periods.

• Trading Time Parameters: Allows you to precisely define the days of the week and hours during which the robot is allowed to open new setups.
• Exclude Time Parameters: Lets you define a "time window" during which the robot will not open new orders (e.g., during spread widening at session rollovers). All previously opened setups will continue to be managed according to their logic.
• MMD Filter Parameters: A trade filter based on the MMD methodology (moving average clouds). It allows you to define two moving averages (SMA and EMA) from a selected timeframe. The robot will only open positions if the Olive signal aligns with the direction indicated by the clouds, enabling strategies like trading with the higher-timeframe trend.

Download

To download the current version of DML EA OliveReaction, go to the Download section in your client panel.