All about MiEA 7

On this page we will analyze in detail everything about MiEA 7 – the entry point, the principle of tracking orders, fixing orders, as well as the strengths and weaknesses of this version.

Attention! Description applies only to the latest version of MiEA 7.2

Point of entry:

Entrance is based on candlestick analysis. In the settings there is a parameter PipsStep, which is responsible for the accuracy and frequency of the signals. Consider the entry point on the chart:

Red indicates the entry point SELL, blue indicates the entry point BUY.
Login Terms:
If the candle (0) grew, if the body of the candle (0) Close-Open is larger than the entire previous candle (1) High-Low PipsStep times, then as soon as the candle (0) closes, the signal SELL is generated. For BUY conditions, the opposite is true.
PipsStep adjusts the size of the candle (0). If the PipsStep value is small, there will be more signals but lower accuracy of the inputs and vice versa, the higher the value, the lower the entry points and their accuracy.

Support of orders:

Almost all MiEAs have the same support. Orders are increased in case of a repeated signal towards the first entrance. Between orders, the minimum distance _Step is respected, it can be configured separately for each pair. Also, the trading panel allows you to configure the inclusion / deactivation of grids in the direction of profit and in the direction of loss (a detailed description of the functionality of the trading panel)
An important parameter when tracking UseUPlot orders. He is responsible for enabling the increase in the lot when increasing the position. If it is on, an initial lot will be added to each new order. For example, the first lot is 0.01, the second is 0.02, the third is 0.03 …. ninth 0.09 and so on. This function perfectly helps to speed up the fixation of orders, but at the same time it is dangerous in case of an unsuccessful entry against the trend.

Order fixing:

Profit taking is tied to the volume of open orders. The more orders open, the greater their lot amount, the greater the profit. The ProfitPips parameter is responsible for the profit margin. Profit calculation formula: Lot amount * ProfitPips.
As soon as the total profit reaches the desired value, EA closes all its orders.
Also in the settings there is a StopLossProcent parameter which is responsible for the size of the loss as a percentage of the balance. I highly recommend determining for yourself the allowable amount of loss that you can get and use without fail.

Strengths and weaknesses of MiEA 7:

Version 7 is most effective with high volatility in the flat. Ideally, when the market is as active as possible, candles are large, the trend is not pronounced. It is also no less effective in a smooth trend when there are good corrections in the movement of pairs.
Weaknesses are, of course, a strong recoilless trend. Due to the number of pairs and fine-tuning the entry point, it is difficult to get into such a situation, but such a situation is possible.

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