DML EA SkyBlue

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

This section defines the core logic the EA will use to find and trade setups.

• SB_Reaction: This is a reaction (reversal) trading strategy based on the current day's DML SkyBlue levels. The EA will attempt to open positions opposite to the direction from which the price approaches a level:
• BUY positions will be placed at the lower price level.
• SELL positions will be placed at the upper price level.

This strategy is only active during specific trading hours.

• SB_Reaction_yesterday: This strategy operates on a similar principle to SB_Reaction but uses DML levels from previous days. The user specifies how many days back to get the levels from. The EA also plays for a reversal from these historical levels but includes an additional filter that prevents opening a position if the price has already "tested" that level earlier. This strategy is also time-restricted.
• SB_M: This is a unique trend-following/momentum strategy, marked with the letter M in honor of our close associate, Marek. Thanks to his extensive experience and unconventional view of price action, Marek developed this model for trading the market. In this mode, the EA first waits for the price to break one of the extended levels to determine the dominant trading direction for the day.
• If the price breaks the upper extended level, the EA will only look for BUY opportunities.
• If the price breaks the lower extended level, the EA will only look for SELL opportunities.

After the direction is established, the EA does not enter immediately but waits for a price correction to a standard DML level (e.g., after an upward breakout, it waits for a return to a lower level to buy cheaper). This strategy is not restricted by time.

Start and Stop Open Time

These parameters define the time window during which the EA can open new grids of orders (setups). This applies only to the SB_Reaction and SB_Reaction_yesterday strategies. Outside of these hours, no new positions will be opened, but existing ones will be managed normally.

Checked level days back

This parameter is used exclusively in the SB_Reaction_yesterday strategy. It specifies how many days back the EA should look to retrieve the DML levels for trading.

• A value of 1 means the EA will use yesterday's levels.
• A value of 2 means the EA will use levels from two days ago, and so on.

Dist to level yesterday - no trade

This parameter (in points) is a filter that works only with the SB_Reaction_yesterday strategy. It defines a "buffer zone" around the historical level. If the price enters this zone before the EA places an order, trading on that level will be blocked for the rest of the day. This prevents entering positions on levels that the market may have already "confirmed" or negated. A value of 0 disables this filter.

Wait to next level after establish

This option is available only for the SB_M strategy.

• When disabled (by default), the EA can open a position on the same day's level after establishing the direction.
• When enabled, after establishing the direction for the day, the EA will wait for the next day's levels to appear before looking for an entry. This can serve as a filter to avoid trading on the day of a strong breakout, entering instead on the calmer market of the following 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 SkyBlue 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 SkyBlue, go to the Download section in your client panel.

Go to the Download section