Benefit EA

Overview:Benefit EA is a non-indicative, flexible grid advisor that uses unique entry points to provide a statistical edge, derived through the mathematical modeling of market behavior. The advisor does not employ a stop-loss but instead closes trades using take-profit or trailing stop mechanisms. Lot sizes can be planned and adjusted as needed.

Trading Automation:The "Time Filter" function operates based on the internal time of the trading platform, not the operating system. This function enables fully automated trading without requiring manual intervention, assuming all technical components are functioning correctly. The status of the "Time Filter" is displayed in the top-left corner of the trading window.

Customizable Settings:The advisor offers a range of settings for professional traders and a flexible system for adapting to different trading styles, including scalping, trading ranges, and short-selling.

Semi-Automatic Trading:Buttons are provided for semi-automatic trading, allowing users to block the execution of trades in one or both directions. Notifications regarding trade blocking status are displayed.

Instrument and Timeframe Flexibility:Trading can be performed on any instrument across any timeframe, whether in automatic or semi-automatic mode. The advisor handles interruptions in connectivity without affecting ongoing trades.

Default Settings:The default settings are optimized for GBPUSD on the M15 timeframe with a base deposit of $50,000 and leverage of 1:500.

Base Deposit and Leverage:

• Base deposit: $5,000to$5,000to10,000 (varies by instrument)

• Leverage: 1:20 to 1:1000

Recommended Timeframes:

• M1, M5, M15, H1

Supported Currency Pairs:

• GBPUSD, USDJPY, EURUSD, EURJPY, USDCAD, USDCHF, AUDUSD

Parameters:

Base Settings:

• New_Cycle: Enable/disable opening orders in cycles.

• MAGIC: Magic number; should be unique if the EA is used on multiple currency pairs on the same account.

• Slippage: Default value is 3; do not change unless necessary.

• Max_Trades: Maximum number of orders opened in a series (max 17).

• Max_Lot: Maximum lot size.

Take Profit Settings:

• TP_Buy: Take profit level in points for closing Buy positions.

• TP_Sell: Take profit level in points for closing Sell positions.

• Trailing_Start: Level in points to activate trailing.

• Trailing_Size: Number of points for trailing or closing.

Risk Reduction System:

• RRS: Enable/disable the Risk Reduction System.

• RRS_oOrder: Order number to activate the Risk Reduction System.

• RRS_cOrder: Order number to deactivate the Risk Reduction System.

• RRS_TP: Take profit level in points for closing orders under the Risk Reduction System.

• RRS_Trailing_Start: Level in points to activate trailing for orders under the Risk Reduction System.

• RRS_Trailing_Size: Number of points for trailing the RRS_Trailing_Start level.

• RRS_Profit_Percent: Tool for exiting extended drawdowns (recommended 70-90%).

Buy and Sell Settings:

• Step_Buy/Sell: Step in points for opening a new order in a series.

• Step_Coef_Buy/Sell: Coefficient for increasing the step for subsequent orders.

• Step_Coef_Start_Order_Buy/Sell: Order number to activate Step_Coef_Buy/Sell.

• Step_Mass_Buy/Sell: Default step for opening orders (in points) if Step_Coef_Buy/Sell is set to 0.

• Min_Lot_Buy/Sell: Minimum lot size for the first order.

• Lot_Exp_Buy/Sell: Lot increase coefficient for subsequent orders.

Time Filter Settings:

• Time_Filters: Enable/disable trading within specified time intervals.

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