Description of PipSniper Expert Advisor Settings

Description of PipSniper expert advisor settings

Parameter values for configuring the PipSniper expert advisor

AuthCode - everything is free for us, there is no need to enter any codes icon smile

MinLotSize - the minimum trade lot size that will be used by the expert advisor

MaxLotSize - the maximum trade lot size that will be used by the expert advisor

Note: If you set the MinLotSize and MaxLotSize parameters to the same values, we will get trading with a fixed (unchanging) lot.

TradeLevel - the risk level for each position as a percentage of the available free funds (see the EquityMode parameter) or of the account balance

EquityMode - when enabled, TradeLevel will be based on the level of funds not occupied in trading.

StealthMode - when enabled, Take Profit and Stop Loss are not sent to the broker's server.

PipTarget - the Take Profit level (in pips)

StopLoss - the stop loss level (in pips)

TimeProtect - specifies the time (in minutes) allotted for the order to reach its target (Take Profit). After this period expires, the expert advisor will look for an opportunity to close the position with a smaller profit.

GmtOffset - the deviation of the broker server time from Greenwich time

AutoGmtOffset - when trading in real time, it is better to enable this parameter. Then the expert advisor will automatically determine the GMToffset value.

Note: when testing the expert advisor in the Strategy Tester, AutoGmtOffset must be disabled and set manually.
Here are instructions on how to determine its value: How to set the correct GMT offset

MaxSpread - the maximum spread level (in pips) for trading. If the spread exceeds this value, the expert advisor will not open an order.

Reference - magic number: the code by which the expert advisor identifies its positions can be any value. However, two expert advisors on the same account must not have the same magic number. Otherwise, confusion with orders may arise.

TopPadding / LeftPadding / TextColor1 / TextColor2 - these settings are responsible for the appearance and placement of the information from the expert advisor on the chart.

Parameter values for configuring the PipSniper expert advisor.