AlgoWay MT5 — All Parameters (v1.84)

This page describes every user-visible input parameter of the AlgoWay MT5 Expert Advisor, version 1.84

🔗 Connectivity
  • Your AlgoWay Webhook here — Paste the Webhook ID (UUID) from your AlgoWay dashboard. Example: b7534616-6c8c-4582-8af4-7c143d323231. Use the ID only, not a full URL.
⚙️ Trading Mode
  • Reverse — Standard one-way mode. If a new signal comes in the opposite direction, the EA first closes the existing position, then opens a new one in the signal direction with the same volume. A flat signal closes all open positions for that symbol.
  • Hedge — Dual-position mode. The EA can open both buy and sell trades simultaneously. A flat signal can specify which side to close using close_side=long or close_side=short. If no side is defined, both long and short positions are closed.
  • Opposite — Designed for indicators or strategies that only generate two signals: Buy and Sell. When a new signal arrives, the EA first closes the previous position and then immediately opens a new one in the opposite direction — effectively performing a reverse entry with double turnover. This guarantees the chart always has an active trade matching the indicator direction.
📏 Sizing
  • Coefficient for work with Lots — Multiplier for incoming order size. Final lot = incoming size × coefficient. Example: 0.001 turns 10 into 0.01 lots.
🚀 Execution
  • Order filling type: AUTO, FOK or IOC
    • Auto Mode — Lets the EA pick a supported mode automatically.
    • FOK — Fill-or-Kill.
    • IOC — Immediate-or-Cancel.
  • PIP type: AUTO / TRADINGVIEW
    • AUTO — Uses broker’s native pip settings.
    • PIP_TRADINGVIEW — Uses TradingView convention (e.g., 1 pip = 0.0001 on 5-digit FX).
🧲 Trailing
  • Enable Trailing SL — Enables trailing stop for all trades. Can be overridden per alert with trailing_pips.
  • Trailing Step in pips — Step distance (in pips) for trailing adjustments. Example: 20.0.
🔁 Symbols Mapping

Match TradingView tickers to your broker’s symbols (up to five pairs). If empty, the EA uses the ticker as received.

TV TickerBroker Symbol
BTCUSDTPERPBTCUSDTm
EURUSDEURUSD.a
(add as needed)(add as needed)
🛡 Risk Management
  • Daily Loss Limit (%) — Max equity loss for the current trading day. When reached, trading stops until daily reset.
  • Max Drawdown per Trade (%) — Max allowed loss for a single position; may trigger protective close.
🕒 Schedule & Sessions (UTC)
  • Trading day start — Trading day start (UTC). Match broker server time.
  • Trade_London — Allows trading during 07:00–16:00 UTC.
  • Trade_NewYork — Allows trading during 12:00–22:00 UTC.
  • Trade_Tokyo — Allows trading during 22:00–07:00 UTC.
  • Daily Trade Window (UTC) — Optional fixed window like 09:00–18:00; trades outside are blocked.
🧹 Auto-Flat Policy
  • Auto-Flat Mode
    • None — disabled.
    • End of Day — closes all positions before day end.
    • End of Week — closes all positions before week end.
  • Auto-Flat Lead Time (minutes) — How many minutes before cutoff the auto-flat starts (e.g., 30).
📎 Notes
  • Trailing can be controlled per alert via trailing_pips.
  • In Opposite mode, the EA closes all current positions for the symbol before opening a new one.
  • In Hedge mode, flat signals may specify a side to close (e.g., close_side=long or short).
  • Orders outside allowed sessions or time windows are rejected with a clear reason in the Experts log.

AlgoWay MT5 Expert Advisor — Parameters Guide v1.84