Forex Never Losing EA Input Parameters – Complete Manual Guide & Set File

Complete Guide to Forex Never Losing EA Input Parameters – Manual Settings Explained

Understand each and every input parameter of the forex Never Losing EA that how does each parameter functions to manually adjust the forex ea according to your choice of risk and return.

This blog post serves as a complete manual for all input parameters of the Never Losing Expert Advisor. Every setting is explained clearly, one by one, in the same order as they appear in the EA. This guide will help you fully understand how to manually configure the EA to suit your trading strategy.

This manual is ideal for traders who want to experiment with different settings or learn the logic behind each parameter. Even if you’re new to forex robots, the explanations are very friendly. while still offering insights useful to experienced traders. But if still there is any confusion or problem, you may feel free to write a comment below or write us to our email.

If you are not interested in learning these input parameters, We offer a automatic set files making system that you can generate a set file according to your choice of risk and your account size for free and instantly. You may follow the link below.
👉 https://eatrades.com/nvlinputs.php

Use this guide to take full control of your Forex Never Losing EA and make the most of its powerful features.

EA MADE BY

This function has nothing to do with your trading strategy. But it just hold information about eatrades

EA Requirements

This function again doesn’t change anything on your trading. But tells you about the requirements to use this EA. You should double click on the EA inputs to view all the requirements to use this forex ea.

User License Key

The forex never losing EA is uses a user authorization system and when a user place his/her order for the ea, they receive a license key, that you will need to enter here to validate that you are premium user of this EA. So simply input the license key that you have received after your order for this forex ea.

Choice of Risk —————–

It’s a partition parameter to separate the input fields but do not effect your trading strategy.

Your Trading Priority

The forex never losing ea comes with multiple options to trade with and adjust itself to choice of user risk. It comes with multiple options as follows.

Very Aggressive
When you have selected very aggressive option from the ea input paramters, you might face more drawdowns but in the same time you make more profit. The forex ea adjust itself to take more risk and make more profit.
Aggressive
This is going to be less risker than above option, but still aggressive mode.
Normal
Its the most suggested option that a user should choose because it maintain a proper risk and return ratio. As it goes with normal risk and normal return.
Safe
As some users want to make less profit but keep their capital safe, so we suggest this option to trade with.
Very Safe
Its the most lazy trading option in the EA that open and close very less trades but keep your trading very safe.

Money Management Options —————–

Lots Mode

We have several lots mode options in the never losing EA that functions as follows.

Fixed Lots
Its the option that the EA always trade with same lots that you allow the EA. It won’t increase or decrease the lots through out your trading. The unit of your trading lots would be “Starting Lots”. Example: If you set your starting lots 0.01, the EA is going to trade with 0.01 lot but if the starting lots were set to 0.03, The EA will trade 0.03 for every order.
According to Account Balance
When a user want to trade with lots that are suitable for his trading account. So they can select this option. It increase and decrease the trading lots when the trading account balance increase or decrease. It uses the formula as “Account Balance / 1000 * Starting lots”. Which means that each 1000 balance should be traded with starting lots.
Example#1: Balance = 1000, Starting lots = 0.01.
Result = 1000 / 1000 * 0.01 = 0.01.
Example#2: Balance 4000, Starting Lots = 0.01
Result = 4000 / 1000 * 0.01 = 0.04
Example#3: Balance 4000, Starting Lots = 0.02
Result = 4000 / 1000 * 0.02 = 0.08
Add After N^th Order
When using this function, the EA may add lots after specific number of orders that you have selected from the inputs. It works as exponent where each lots added after exponent number.
Example#1. Add after 1 Order, Starting Lots = 0.01
Result = 0.01, 0.02, 0.03, 0.04, 0.05……….
Example#2. Add after 3 Orders, Starting Lots = 0.01
Result = 0.01, 0.01, 0.01, 0.02, 0.02, 0.02, 0.03, 0.03, 0.03…….
Example#3. Add after 3 Orders. Starting Lots = 0.05
Result = 0.05, 0.05, 0.05, 0.1, 0.1, 0.1, 0.15, 0.15, 0.15……….

Starting Lots

The starting lots is the base unit for all the calculation that we have explained above. So you need to set the unit lots for each function of lots system you use.

Minimum Lots Limit

As the EA uses multiple lots system, but you want to set some limit to decide the lots according to these limits, you can set values in Minimum Lots limit that the EA must trade more or equal to minimum lots limit. If you set 0.01 in the minimum lots limit, the EA won’t trade less than 0.01 lots.

Maximum Lots Limit

Similar to above, you can set maximum lots limit here. such as you set up 0.08 as maximum lots limit, this means that EA should not increase lot size more than 0.08 in any case.

Orders Closing Settings —————–

Target in Dollars

This function plays a major role in your trading strategy. this is all about closing your trades. You need to adjust the target value in dollars for your trades. When you set up a small amount in this parameter, the EA may close the traders faster because the EA can reach their target easily but when the value is larger, the EA may takes time to reach their target.
When there is smaller value, the closing can be faster but in total run, the profit can be lesser, while when you are setting a larger value, the closing can be slower but net result in long run can be higher. But to maintain good results, we suggest to put the value between 5% of your account size to 20%.

Maximum Total Orders Limit

You can set the number of max orders limit into the EA. When a specific number of orders reach in the pair, the EA will stop working on that pair. note that it works for each pair separately. When you set a max orders limit 10 and running 2 pairs like EURUSD and GBPUSD, then your total max orders limit would be 20 which means 10 on EURUSD and 10 on GBPUSD. if any pair hits 10 orders limit, you will get status on chart that max orders limit reached.
the limit counts both buys and sells, it doesn’t matter how many buys and how many sells you have. its just all about how many total you have buys + sells.

Special Feature —————–

Reserve Profit to Cover Losses

On of the most advanced trading system to protect your account and make profit in forex market. This function reserve a portion of profit to use in bad situation when you are facing losses or drawdowns, then this function jumps in to protect your forex trading account.
It comes in true and false option, whether you want to use it or not?

% of Profit to Reserve

When the above option “Reserve Profit to Cover Losses” is set as true, then this function decides how much profit to reserve? its a user choice to put the value. When you put higher value here, it will hold more profit in reserve and when the value is smaller, it will hold less profit on reserve. the value can be from 10 to 90 because it uses percentage system.

Hedging Options —————–

Hedging in Pair

The EA uses forex hedging strategy that uses hedging between orders. This is a true false parameter where true means use this option and false means turn off this function.

Max Difference In Buy Sell

When the above option is set as true “Hedging in Pair”, when the max difference between buy and sells works as the difference between buy orders and sell orders. it can be buy minus sells or it can be sells minus buys and whatever the difference you get, it should not exceed “max difference in buy sell”.

Hedging with Other Pairs

Again its one of the advanced feature that the EA uses hedging with other trading pairs that are running on your trading account. it comes with multiple options as explained below.

Don’t use this option
This means that you are not even using this option and turn off this function
Hedge From Minimal Level
When using hedging with other pairs, You have option to choose to hedge with which pair, when selected as Hedge From Minimal Level, the EA finds trading pairs from lowest number of orders and then start hedging one after an other.
Hedging From Average Level
Using this function, the forex ea find the average and then decide the hedging with pairs, from which pair to other pair.

Adjustment Value for External Hedging

When any of the value selected on above except “don’t have this option”, the user can still adjust the value to minimal or average level. it can be above 1, if you set this as 0, the EA won’t function very well. The higher value such as 15 or 20, will let the EA to open more trades. this is a kind of exemption of number of orders to let the EA go above these number of orders to the decided level. its recommended to use value from 1 to 8.

Market Predictions —————–

Avoid Economic News

As we know that there are economic news events time to time that effects the market. It can effect a little or maybe high impact. So the EA has ability to detect such movements without reading data from any external source. The EA can detect through the market movement, So the user has choice whether to avoid these events or no. It comes with several options that you can select according to your choice.

Trend Filter Mode

Its a filter for the trend to avoid big moves in the market and trade smoothly to maintain a proper risk management. it comes with some options as

Avoid Every Smaller Change in Trend
This function is going to pause trading when there is a little change in trend and it trades only channel typed markets.
Avoid Normal Change in Trend
Apart from the minor changes in trend, the EA should avoid trends when there is countable change in the market trend.
Avoid only Bigger Change in Trend
This is the most suggestable function to use, as it pause trading when there is a real change in market trend but keep trading on minor changes in trend.
Don’t use this option
When a user don’t even want to use this function and turn it off.

Max Spread Allowed

As mostly forex brokers uses a variable spread that keeps changing by every tick. They charge higher spread sometimes and then lower spread. But you want to avail only the lower spread, you can put the value in this input parameter to trade under this given spread. Note that don’t put a value that your broker doesn’t even offer, such as you are putting value 0.1 while your broker offers 1.2 as minimum spread. So the spread won’t even come under 0.1 and the EA will neve open any trade because its not getting 0.1 spread.

Account Equity Protection —————–

Dead Stop System

The EA uses a dead stop system that can be called max dd allowed. In any bad situation that you are losing your capital, You can set a limit here to keep it safe. It comes with some options as

Stop Opening New Orders & Keep Running Current Orders
This means that when you hit the dead stop limit, the EA should keep managing the current trades but do not open any new order.
Stop New Orders & Close Running Orders
This means that the EA should stop trading completely and close running trades.
Don’t use this option
Turn off this function and do nothing when hit dead stop limit.

Equity Level Top Stop

This is the dead stop limit that you can set in amount. Example that you are using a 1000$ account and want to risk only 300$ and keep your 700$ safe. You need to set 700 in this parameter, which means that the EA should keep your 700$ safe. If you are using any other currency like JPY or CAD on your account, You don’t need to calculate from dollars to your account currency. Because this function follows the account currency. it is going to be same if you are using 1000 Yen account and want to keep safe 700 Yen, You just input 700 in this parameter.

EA inputs Explained

its the link that explains the input parameters of this EA. normally the page your looking now.