EA Guide

• Define the maximum number of open positions
• Use value "0" to not limit the open position count

• Account Balance
• Account Equity 
• Account equity is your Account Balance + Total Floating Profit from all open positions

• Level 1 – Mobile Notification Only
• Ensure that you have set up mobile notifications
• MT4 Mobile Notification Setup
• MT5 Mobile Notification Setup
• Level 2 – Notify, and Halt EA Only
• You will be notified via mobile notification (if set up) and via a popup on your MetaTrader
• PineConnector EA will be halted – you may check the status on the attached chart
• Label should read: "EA Status: EA HALTED"
• Level 3 – Notify, Halt EA, and Close All Open Trades (Positions and Orders)
• As per Level 2, and
• All open positions (buy and sell) will be closed, and orders (buy limit, sell limit, buy stop and sell stop) will be cancelled

• Define the trigger value in terms of Balance or Equity (based on your "Safety Stop Basis" option) for the Safety Stop
• Assume Safety Stop of "50" set. When your account Balance or Equity hits or goes below $50, the safety stop will trigger. The action taken will be either of the 3 Safety Stop Levels indicated above
• Value used should be lower than the current Balance/Equity
• Use value "0" to disable Safety Stop entirely

• Define the automatic reactivation value in terms of Balance or Equity (based on your "Safety Stop Basis" option)
• Continuing from the Safety Stop example, if set Reactivation Value of "55", once your account Balance or Equity goes above $55, the EA resume automatically.
• Value used should be higher than the Safety Stop Value 
• Use value "0" to disable Automatic Reactivation

• Pips from current market price
• Price indicated on your TradingView alerts message
• Percentage from current market price
• To have targets 1% from current market price, please use "sl=1" or "tp=1"

• Specified volume indicated on your TradingView alert message
• Indicating "risk=1" will mean 1 volume/lot will be opened 
• Percentage of account balance (ensure SL is specified)
• Position size will be computed automatically based on the SL specified 
• The amount that you will lose if your trade hits the specified SL
• If you have an EURUSD trade with 15 pip SL with $1000, risk=1 with this Volume Type will mean that hitting the SL you will lose $10.

• Pips from current market price
• Price Specified from TradingView alert
• Percentage from current market price
• To have pending orders 1% from current market price, please use "price=1"

• Off - Either 1 Buy OR 1 Sell 
• If you have either a buy or sell position open, all orders with the same symbol will not open
• Off - Only 1 Buy AND 1 Sell 
• If a trade of the same symbol and direction is already opened, all incoming alerts will not be opened
• On
• No restrictions imposed to new trades.
• All new alerts will be opened
• On - If symbol and direction in profit 
• Conditional restriction imposed to new trades
• New market and pending orders will only be opened if profit from all positions with the same symbol and direction is positive

Examples

Pyramiding = Off - Either 1 Buy OR 1 Sell

1. Long EURUSD open. Incoming long EURUSD will not open
2. Long EURUSD open. Incoming short EURUSD will not open

Pyramiding = Off - Only 1 Buy AND 1 Sell

1. Long EURUSD open, Incoming long EURUSD alert will not open
2. Only Long EURUSD open. Incoming short EURUSD alert will open.
3. Short EURUSD open, Incoming short GPBUSD will open normally since they are different symbols
4. If one of your Pending Orders gets filled, all other Pending Orders in the same direction and symbol will be cancelled
1. A buystop and a buylimit EURUSD pending orders in play. The buystop gets filled, the buylimit gets cancelled automatically.
5. If you have an ongoing position, all pending orders in the same direction and with the same symbol will not be executed.
1. A buy EURUSD position is open. All buystop and buylimit orders received will not be executed. 

Pyramiding = On

1. EURUSD open. Incoming EURUSD alert will be opened.
2. Only EURUSD short open. Incoming GPBUSD short. GBPUSD will open normally. 

Pyramiding = On - If symbol and direction in profit

1. Sum of all long EURUSD floating profit is negative. Incoming buy, buystop and buylimit EURUSDs will not be open.
1. Sample expert output:
2. Sum of all long EURUSD floating profit is negative. Incoming long GBPUSD will open since symbol is different.
3. Sum of all long EURUSD floating profit is negative. Incoming short EURUSD will open since direction is different.

• True (examples below) - opening a trade with the same symbol in the opposite direction will close the first trade and then open the second order.
• False (examples below) - opening a trade with the same symbol in the opposite direction will NOT close the first trade.

Examples

Hedging = TRUE 

1. Long EURUSD open. Incoming short EURUSD. Long EURUSD gets closed first. Short EURUSD opens.
2. Long EURUSD open. Incoming short GBPUSD. Long EURUSD untouched. Short GBPUSD opens. 

Hedging = FALSE 

1. Long EURUSD open. Incoming short EURUSD. Nothing happens to the long EURUSD. Short EURUSD opens.

*If you are looking to close the Long EURUSD and not open another position,
the appropriate command will be "closelong" or "closeshort".

• Display Full EA and License Details
• Display only the License Expiry Date

• Default Magic Number of 76
• Alternate Magic Number of 77
• Alternate Magic Number of 78

• Strategy 1 -> runs on License ID 1 with magic number 76-> opens and closes based on alerts of strategy 1
• Strategy 2 -> runs on License ID 2 with magic number 77-> opens and closes based on alerts of strategy 2

• Broker Set A (Default)
• Broker Set B (Unsupported Filling)
• For those who face the Error 4756 Unsupported Filling Mode for Brokers such as ICMarkets
• Compatible for clients who were using the "FM Mode" MT5 EAs
•