MQL Options
Introduction
These options set the exported Expert Advisors' parameters.
You can later review or change these parameters when you attach the Expert to a MetaTrader chart.
Entry Protections
The Entry Protections can prevent the opening of a new position when activated.
Max spread (points) - prevent an entry if the current spread is higher than the set value. Her “point” means a change of the least significant price digit.
Max open positions - prevent entry if we already have such a count of open positions in this trading account.
Max open lots - similarly to the previous option, it prevents entry if we already have such or a higher number of open lots.
Daily Protections
These options are suitable for Prp-firm's accounts because they terminate a challenge if the account exceeds particular values.
When such protection is activated, it closes the current open positions and suspends trading until midnight.
Account Protections
The Account Protections close all open positions and suspend the algorithmic trading.
Minimum equity (currency) - activates when the account reaches this value.
Maximum equity drawdown % - activates when the curent drawdown reaches this value.
Maximum equity (currency) - activates when the account reaches this value. (Suibale for Prop-firms)
News Filter
Prevents the opening of new positions shortly before news and resumes trading after the news.