Here we would like to provide the installation guide and A detailed description of the UControl robot. We have live trading stats since 2018 and his backtest since 2003.
Our robot can be found here: https://www.mql5.com/en/market/product/86636
Installation and configuration:
Once you’ve installed the UControl robot and opened its settings, you can choose to use the automatic mode where everything is configured automatically, or the manual mode where you can use your own settings.
The robot trades currency pairs on installed charts.
We developed UControl so that clients can easily configure it with just a few clicks. Also, the robot will do everything automatically using the preconfigured settings. In this mode, the EA works only with his AUDUSD, EURJPY, EURGBP, USDCAD currency pairs. When installed on another currency pair, the automatic mode switches to manual setting mode – use settings.
Automatic mode is set by default and the configuration parameters are:
AutoSettings – Must be enabled in full automatic mode.
MaxDrawDown – here you need to specify, in percentage, which part of the deposit should be traded on the currency pairs the EA installs. For Stop Loss, the drawdown is limited by the specified deposit level. By default the risk is 35%.
Automatic setup – switch to the “Use settings” mode to manually set all parameters (entry point, take profit, etc.). Alternatively, if you want to use your own lot size (rather than automatic), but at the same time keep your automatic trading settings (entry points, take profits, etc.), turn on the manual lot usage mode.
To use manual mode, you must read all parameter descriptions below.
Minimum deposit for trading with lot 0.01:
Australian Dollar USD – $450
Euro Yen – $2300
EURGBP – $1200
USDCAD – $1600
Considering the special features of the robot algorithm, the minimum deposit amount for lot 0.1 is:
Australian Dollar USD – $3100
Euro Yen – $15000
EURGBP – $7300
USDCAD – $14000
The difference in the minimum deposit amount is due to the difference in the minimum step of lot size change between the starting lot 0.01 and 0.1.
For 100% risk on all pairs, use leverage of 1:400 or higher (higher is always better in any case). Leverage is lowered up to 1:200 if all pairs are not used.
Using 50% risk, the leverage is 1:200.
Using 25% risk, the leverage is 1:100.
Using 13% risk gives us a leverage of 1:50.
Description of UControl robot settings:
automatic setting – This is the EA’s main mode of operation. Following are his three options.
full automatic – This is the recommended mode and all calculations and settings are done automatically. All you need to do is make sure you specify a proper drawdown limit with the MaxDrawDown parameter. Note! This mode works only for AUDUSD, EURJPY, EURGBP and USDCAD pairs. With this mode enabled, However, if you install the EA on another pair, it will automatically switch to manual mode (using settings).
Use manual lots – Automatic setting still works in this mode, but the lot size must be specified manually in the ManualLot parameter. Also, the MaxDrawDown parameter has no effect in this mode, but is automatically calculated from the provided ManualLot so as not to break the robot’s logic and reliability.
Use settings – Using this mode disables all automatic settings. Manually set parameters are enabled in the “Use Settings” section at the bottom. You also need to specify the lot size in the ManualLot option. The MaxDrawDown option has no effect in this mode.In this mode you can trade in any currency pair.
Max drawdown – Here you must specify the maximum allowable drawdown in percentage. This parameter is designed so that you cannot specify a drawdown higher or lower than the drawdown required for stable operation of the EA.
manual lot – Here you can manually specify the lot size of the opening order.[すべて自動]This setting has no effect if is enabled.
spread limit – Restrictions on open orders if the spread is too large. It works so that it does not interfere with the robot’s strategy even if there are already outstanding orders. There are 3 modes:
automatic – in recommended pairs (AUDUSD, EURJPY, EURGBP, USDCAD),[設定を使用]Only works if the mode is not enabled.
manual – Use the value specified in the ManualSpreadLimits parameter.
off – All spread limits are disabled.
Manual spread limit – Manual spread limit when opening a trade. Works only if the SpreadLimits parameter is set to Manual.
Slip – Maximum price slippage for buy or sell orders.
Akmini – This option should only be enabled when using special account types where the standard lot 1 actual value is 0.1. Since this is a very rare type of account, this mode should be turned off most of the time. If you use cent accounts, you don’t even need to enable this mode.
close all – If “true”, the EA will close all open trades immediately.then you need to disable
Using the option will allow UControl to start the first trade again.
This is the manual settings section of the UControl EA, with the AutoSettings parameter[設定を使用]Only works if the mode is enabled.
CalcTimeFrame – Specifies the timeframe to be used when calculating entry points.
CalcCoef – A factor that affects the entry point calculation. Only values in the range 4-15 are allowed. Any higher or lower value equals the maximum allowed value.
calculation mode – Mode in which the entry point calculation is performed. Values can range from 1 to 5. The higher the value, the rarer and more precise the signal.
For the next three parameters, the values are in pips and must be specified as in four-digit quotation marks. If necessary, the EA automatically switches to 5 digits.
TP&Step – Here you can specify the distance between Take Profit and the first two orders.
range – This parameter must also be specified in pips. Affects how often new orders are added.
TP Next – Here you can specify Take Profit for all orders except the first two.