2. Configure and Run¶
In this chapter you will learn how to configure and to run the BFG900 EA.
2.1. EA Configuration Parameters¶
The EA has actually only a few parameters.
Note
The configuration parameters are same for MT4 and MT5.
Group |
Parameter |
Discription |
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|---|---|---|---|
AI Backbone Settings |
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Protection UID |
If you just purchased the EA, contact me to get a new UID licence for your copy. This will protect you from cracked, manipulated or virus infected copies. |
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Auto Pilot |
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Disable Auto Pilot |
If set to true, no automated trades will be opened. Does not affect the Executor. |
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Lot factor |
Multiplies all lots by this factor. If you set it to 10, the positions of auto-pilot trades will be 0.1 lots \((0.01 x 10)\). For accounts smaller than $1000, keep it on 1. Note: The position size of the Executor (manually triggered) is NOT affected by this setting. |
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Scale lot with balance |
If set to true, the lot size will be adopted automatically to your account balance. The multiplied factor will be :math:` fract{acctext{$}}{2000}`. |
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Executor |
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Safety Level |
Select the behaviour strategy of the Executor. Patient and Strong uses smaller lot sizes and may take longer to close a position than the Aggressive and Fast. |
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Lot multiplier |
Multiplies the Executor position lots by this factor. If you set this value to 2, then every initial executor position will be 0.02. This factor does not affect the Auto Pilot trades. For all strategies, I recommend to set the lot factor of 1x per $1000. For example: If would like to avoid drawdown larger than $10,000 for super sure, then set your lot multiplier to 10. |
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Factor first TP |
The Executor usually closes a trade if the profit reached $3 per 0.01 of open lots. If you set this value to 10, then the Executor will take the profit if the pnl reaches $30 per 0.01. The executor will go back to the normal profit target of $3 per 0.01 as soon as it opens a second position. |
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Allow auto AND triggered trades in same direction |
If disabled, the EA will not open auto-triggered long positions while your manually-triggered long positions are open. So it will open auto-triggered long position only if you have no Executor positions OR you have open short Executor positions. |
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Use SL at BE if in profit |
Activates SL at Break Even if the profit of the first position reaches some profit level. The BE SL is not transmitted to the broker. |
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Cleaner |
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Clean after # open positions |
Activates cleaning last 3 positions after # (entered number) are opened. I would recommend to use a value of 2 and xTP larger than 1 if you want to catch larger price movements. |
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Max Currency SL to close ALL BFG Positions (0: disable) |
If the drawdown in your account currency exceeds this value, all positions will be closed. If you set for example 100, and your account currency is $USD, all BFG positions will be closed as soon as the drawdown is larger than $100. This will also close all your Executor positions. |
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Panic SL |
If the EA observes a Panic-Move upwards, it will close all sell trades. If you place a Buy and a Sell-Trade, then a panic move upwards will not close the Buy trades but all the Sell trades. |
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Operations |
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Magic Number |
This Magic Number is used for the positions. Your value is however used to generate magic numbers encoding some information into the positions a broker can’t manipulate (unlike with the comments). |
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Draw Info on Chart |
If enabled, draws more text on the chart. |
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Print Debug Messages |
If enabled, prints much more messages to the “Experts” log table. |
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Store Debug Data |
If enabled, stores the debug data for later analysis |
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Comment |
This comment is used when placing an order. The entered string is augmented with a time string. |
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Add random num to comment |
If true, a random number is used a prefix to the comment above |
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Trade Direction Filter |
If you would like to enable BFG9000 autopilot placing trades in one direction only, you can select it here. If you select “Buy Only”, then only long positions will be triggered. And vice versa. Affects only the Autopilot trading. |
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Submit TP and SL to Broker |
If true, Stop Loss price levels are submitted to the broker. If set to false, the EA tracks the price level (using ai-price stream) in real time and triggers TP/SL on its own. You may disable it in order to make it impossible for brokers to trigger the SL with flash spikes. |
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Max trials to place an order |
The EA tries to open a position for this max amount of times. After it fails e.g. 10 times, it will give it up. |
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Anti Weekend Risks |
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Close all trades before weekend |
If true, all trades are closed on Friday at selected time. Warning: This can result in a large loss |
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Close if in profit after X GMT |
If open trades are in profit after X (e.g. 18:00) GMT, all positions are closed |
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Always close at X GMT |
Closes all positions, also with loss at X (e.g. 20:00) GMT time |
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2.2. Example Configurations¶
Please get proposed configurations from the Zip Package file
2.3. Preparing to Run BFG9000¶
Open MetaTrader5
Log into your account.
Enable Access to AI-Backbone
Make sure, that BFG9000 can communicate with the protection and AI-Data-Stream server. Go to “Tools” (on top of the screen), then “Options”, then select the tab “Expert Advisors” and enter the URL into the field as shown in the screenshot below.
Note
Add https://cii.ai-backbone.com/protector to the listed URLs. Go to “Tools” (on top of the screen), then “Options”, then select the tab “Expert Advisors” and enter the URL into the field as shown in the screenshot below.
Warning
If this is your first time setting up BFG9000, please use a demo account for the first few days.
2.4. Running a Backtest with BFG9000¶
I would strongly encourage you to run backtests before deploying BFG9000 to your real-money or live demo account. This may indicate incompatibilities with your broker, currency, or something else.
You will need to open the File navigator first and then right-click on the EA and select “Test”. If you purchased via MQL, the EA will be located in the “Market folder”.
This is how the backtest results might look like:
2.5. Running BFG9000¶
Open the Chart for Gold (XAUUSD),
Set it to 1 Minute timeframe
Drag the BFG9000 EA from the market to the chart.
Now you should see the prompt for the input options. Consult the documentation section above “EA Configuration Parameters”.
Enable Algo Trading
Make sure the Algo Trading Button on top is green:
2.6. The Executor Module¶
The executor is the great ability to open trades at times when you want. The EA will manage them in close in full profit. You can open a buy trade by clicking on “Buy” and open a sell trade by clicking on “Sell”.
Note
You can press a button several times. This way several trades will be started and managed independently.
The Executor will monitor the price in real time and open new positions. The levels of new positions are illustrated by dashed lines on the chart for your convinience:
Please practice using the Executor in the Visual Backtest Simulator before using it on your live account. Its 99% safe but the remaining 1% can hurt and you should get a feeling when to trigger positions according to market price movements. It’s easy and is fun. Just try it! 🙂 In order to start the training, simply run the backtest with “visual mode” enabled as shown in this screenshot:
2.7. Final Check¶
If you set everything right, you will see the EA confirming all its setting with this friendly information panel.
2.8. MetaTrader at startup¶
The next time you start MetaTrader, the charts and EAs will be loaded automatically. However, it is not certain whether MetaTrader for the EAs also takes over the correct configurations on restart. Hence a warning:
Note
When launching MetaTrader, you should remove and add the EA back on the chart. Make sure that all settings are correct.