FRZ Indicator Automater – Setting Explanations (73-86)
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User Manual | Settings 1-16 | Settings 17-48 | Settings 49-72 | Settings 73-86
Inputs 73-86: DCA, drawdown recovery and the Max DD stop, email notifications, trade comment and magic number.
Screenshots from the MT4 version. The MT5 version shows the same inputs, plus input 4a (Colour Buffer Number) and Type 5 in input 2.
| No. | Setting | Explanation |
|---|---|---|
| <<<<< DCA Settings >>>>> | ||
| 73 | DCA Mode | DCA (dollar-cost averaging: adding trades at better prices so the basket closes at a shared, closer take profit). Default: Type 2 – By Indicator Signals.
In both DCA types the individual stop losses are removed and all trades of the basket get one shared take profit: average entry ± (TP distance / number of trades). Breakeven, trailing, partial close, the exit indicator and martingale are not used while DCA is on. |
| 74 | Max No. of Trades in DCA | The most trades a DCA basket may have. Default 10. Must be at least 1 (“Max No. of Trades in DCA (input 74) must be at least 1.”). |
| 75 | Lot Multiplier for DCA Trades | Each added trade’s lot = the first lot x this value per trade already open. Default 1.1. Example: first trade 0.10 → 0.11 → 0.12 → 0.13 (rounded to the lot step). |
| 76 | Filter DCA Trades by MA Line (1 = Disabled) | Optional: an SMA of this period on the chart timeframe; buys are added only when the price is above it (sells below). Default 1 = off. Example: input 76 = 50 → no buy additions while the price is below the 50-period SMA. |
| 77 | Close at Breakeven if More than This No. of Trades | Up to this many trades the basket closes at its shared take profit. With more trades open, the whole basket is closed as soon as it is back to $0 or better (breakeven), to get out of a long run against you. Default 5. |
| <<<<< Drawdown Recovery Settings >>>>> | ||
| 78 | Enable Drawdown Recovery | Default true. When the EA’s own open trades are down by input 79, the recovery module locks the loss with a hedge and works the account back to its starting balance with its own recovery trades (separate magic number). New signal trades pause while recovery runs (HUD: “RECOVERY MODE”). It works together with DCA. |
| 79 | DD Recovery Threshold % | The loss (as % of the balance) of this EA’s open trades that starts recovery. Default 25. Example: balance $2,000, input 79 = 25 → recovery starts when the EA’s trades are $500 in loss. |
| 80 | Recovery Style | Conservative, Normal or Aggressive. Default Normal. Conservative uses wider steps and fewer recovery trades (slower, lower exposure); Aggressive uses tighter steps and more trades (faster, higher exposure). |
| 81 | Max DD % Allowed | A hard stop. If the EA’s open trades (including recovery and hedge trades) lose this % of the balance, the EA closes all of them and stops trading. Trading stays paused until you restart the EA (remove it and attach it again, or press F7 and OK) – the HUD shows “MAX DD STOP – TRADING PAUSED”. Default 99 (practically off). Keep it well above input 79 so recovery has room to work. Example: balance $2,000, input 81 = 40 → at $800 loss everything closes and the EA waits for a restart. |
| <<<<< Notification Settings >>>>> | ||
| 82 | Enable Daily Email Summary | Default false. True: one email a day (between 00:00 and 00:30 broker time) with balance, equity, open P/L, open trades and drawdown. Set up email first in Tools > Options > Email (live charts only). |
| 83 | Daily Email Summary Subject | The subject line of the daily email, followed by the date. Default “Automater EA”. |
| 84 | Email on DD Threshold % (0 = Disabled) | Sends an email (at most once a day) when the account’s drawdown (balance vs equity) reaches this %. Default 20. Example: balance $10,000, equity $7,900 → drawdown 21% → email “… : Drawdown Alert”. |
| <<<<< Trade Comment & Magic Number >>>>> | ||
| 85 | Custom Comment | The comment written on the EA’s trades. Default “Automater”. |
| 86 | Magic Number | The ID that marks this EA’s trades, so it manages only its own trades. Default 32075. Use a different magic number for each chart you run the EA on. Recovery trades use this number + 50000 and + 50111. Example: EURUSD chart 32075, GBPUSD chart 32076. |
User Manual | Settings 1-16 | Settings 17-48 | Settings 49-72 | Settings 73-86
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Our software is provided “as is”, without any warranty or condition of any kind, express, implied or statutory. You are advised to do necessary testing on demo accounts before using the software on a live account. Trading carries a high level of risk to your capital and you should only trade with money you can afford to lose. Past performance of any trading system is not necessarily indicative of future results.