Strategies

Strategies: Generating Your Custom Setfile

This section guides you through a step-by-step wizard to generate baseline .set files (setfiles) for FundedEA Quantum, tailored to your specific needs and preferences. It allows you to create a starting configuration quickly based on key choices.

Generation Steps:

1. Account Type:

   • Select the type of account you intend to use the setfile on: LIVE ACCOUNT or PROP FIRM ACCOUNT. This choice may influence underlying risk parameters suitable for different account rules.

2. Risk Level:

   • Choose your desired risk profile: CONSERVATIVE, BALANCED, or AGGRESSIVE. Conservative is recommended for beginners. This selection adjusts the EA's internal risk calculations and behaviour.

3. Trading Pair(s):

   • Select one or more trading instruments (e.g., XAUUSD, BTCUSD, EURUSD, GBPUSD, NDX) you want the setfile(s) generated for.

4. Strategy Type:

   • Choose the core trading logic. Examples include:

     • MULTI-LAYER STRATEGY: (As described) A dynamic, adaptive grid approach using ATR and RSI for trade placement, aiming for efficiency and reduced risk compared to traditional grids.

     • ONE-SHOT STRATEGY: (Likely) A strategy focusing on single entries with defined Stop Loss and Take Profit, without adding subsequent grid layers.

     • (Other strategies like "Trailing" may appear as they are developed).

5. Entry Indicator(s):

   • Select which technical indicator(s) will be used to determine trade entries (e.g., MOVING AVERAGE, MACD, CCI, STOCHASTIC, BOLLINGER BANDS).

   • CAUTION: Selecting multiple indicators usually requires all selected indicators to agree on a signal simultaneously, which can significantly reduce trade frequency. Beginners are often advised to start with one or two indicators.

6. Your Setfile(s) & Instructions:

   • Summary: This area confirms your selections (Account Balance/Type, Risk Level, Strategy).

   • Download: Download buttons are provided for each trading pair you selected (e.g., "Download your XAUUSD Setfile").

   • Daily Settings Notice: A crucial reminder stating "Daily Settings Required" may appear if the generated strategy is optimized for use with daily updates.

   • Instructions: Basic steps on how to use the setfile:

     • Load the .set file onto the correct chart (pair and timeframe) in MetaTrader via EA Properties (F7 > Inputs > Load). Ensure "Auto Trading" is enabled. (Link to detailed installation guide).

     • If required, follow the Daily Settings procedure daily. (Link to Daily Settings guide).