DynamicLotSizeSettingsOrange and DynamicLotSizeSettingsRed

DynamicLotSizeSettingsOrange and DynamicLotSizeSettingsRed

The general behaviour of the bot’s calendar control is to not trade during the news period (as specified in AutomatedCalendarHoursBefore and AutomatedCalendarHoursAfter).

However, bot will keep trading when the following setting is used:

  • ReversePositionDuringAutomatedNews OR
  • DynamicLotSizeSettingsOrange + DynamicLotSizeSettingsRed

What DynamicLotSizeSettingsOrange and DynamicLotSizeSettingsRed will do is to keep bot trading during news, except its lot size is overridden by this setting. This is useful if you want to keep “potentially profiting” during news albeit at lower lot size.

So, say you set LotSizeToUse to 0.1. And you set DynamicLotSizeSettingsOrange to 0.01 and DynamicLotSizeSettingsRed to 0.01. You are trading using “High Only” only mode. What this means is, when there are red news coming up within the specified AutomatedCalendarHoursBefore/After, bot will keep opening positions at 0.01 instead of the normal 0.1 outside the news.

You can also use the format below to specify different lot settings for different pairs:

EURUSD-0.01;AUDUSD-0.02;GBPUSD-0.01

Powered by BetterDocs

Leave a Reply

Your email address will not be published. Required fields are marked *