Professional Documents
Culture Documents
New Hope MT PDF
New Hope MT PDF
Advisor Features
Trading platform: Meta Trader 4
Currency pair: any trading pair
Trading accounts: Demo
Type of trade: Arbitration
Developer's site and scalping portal: https://newhope.uk.com
Support: https://newhope.uk.com/en/contacts
Table of contents:
1. Installation
2. Description of Advisor settings
3. Description of program New Hope FEEDs
4. Recommendations of the authors
Installation
Video instruction: https://youtu.be/LJlqT8K40ao
1. Install Meta Trader 4.
2. Install drivers from the Drivers folder.
3. Configure MetaTrader 4 for trading. Click Tools -> Settings Select the Expert Advisors
tab and check the box, as shown in the picture;
4. Start New Hope FEEDs.exe and go to the settings. Specify Login and password, then
choose the supplier of quick quotes. Then click on connect. If all is well, then we'll see
fast ON
5. . Launch the Meta Trader 4. Then FILE -> Open Data Catalog;
6. Copy the MQL4 folder from the Advisor's archive to the opened folder from Meta Trader
4/5;
7. Launch Meta Trader 4 and install the Expert Advisors for the graphics you need, be
sure to specify the instrument, time frame Any. If all is well, then the advisor will start
working.
Description of Advisor settings
-= General =-
ShowPriceLines - show on the chart lines BID and ASK fast broker.
ManualOpenPositionDiff - deviation between fast and slow broker. The adviser also
automatically considers the broker's spread. That is, the actual deviation is the spread +
ManualOpenPositionDiff.
- = Risk management = -
Feed_Symbol_b - choose a tool with which quotes will be compared
- = Orders = -
VirtualTakeProfit - virtual TakeProfit, not visible to the broker, on which we close the deal.
VirtualStopLoss - virtual StopLoss, not visible to the broker, on which the deal is closed.
StopLoss - SL at opening of the transaction, in case of unforeseen situations or bad traffic
TakeProfit - TP at opening of the transaction, in case of unforeseen situations or good traffic
Magic1 - adviser's comment
- = Risk management = -
RiskManagement - the risk of a relative maximum order transaction for the current currency
pair. To trade a fixed lot, you need to set the risk to 0. For different currency pairs, orders may
differ for similar risks. This is due to the fact that for different currency pairs different collaterals
and, accordingly, the maximum allowed lot is different
LotSize - lot size for trade
LotStep - lot size for the trade
- = Offset = -
UseAutoOffset - use the "fit" bid and ask. Do not run the advisor at the market opening on
Monday and around midnight in Moscow - there is a reboot of servers. There may be trade
disruptions.
- = Advanced = -
OrderOpenSlippage - slip for Instant execution when opening an order
OrderCloseSlippage - slippage for Instant execution when the order is closed
MarketOrder - if you use an account with Instant execution, then set it to FALSE. In the market
accounts you can not open transactions directly with TP and SL, in contrast to instant accounts.
OrderLifeTimeMaximum - the maximum lifetime of the order in seconds. Then forcibly closes;
OrdersOpenInterval- pause in seconds between orders.
- = Info Panel = -
ShowRequotesOnGraphic-show the requotes on the chart in red
1. Login customer
2. Password customer
3. License check button
4. Quotes LMAX in demo
5. Accept and save settings.