[ultimate_heading main_heading=”MT4 Trade Manager EA – TFA Enforcer” spacer=”line_with_icon” line_height=”1″ icon=”icomoon-shield” icon_size=”32″]The TFA Enforcer is the built-in MT4 Trade Manager for the TFA Sniper[/ultimate_heading]
The section below explains how to use the TFA Enforcer which is the built in trade manager for the TFA Sniper. You’ll find a whole host of explanations and while it can seem quite daunting, master it well and you’ll see how truly powerful this trade manager is in ensuring that you do not need to worry about a single thing once it starts managing your trade for you. All you have to do is pick the correct levels to trade from (via our awesome TFA Sniper) and let the TFA Enforcer handle the rest.
sCurrencyPairs : These are the currency pairs you want active (up to 5 pairs for each window). They should be separated by a “comma” like AUDUSD,EURUSD,USDCHF etc. sLaneTimeFrames : Fancy having more than 7 time frames? You can add weekly and monthly time frames if you like too. The full range is : 1,5,15,30,60,240,1440,10080,43200 fibWallCountValue : This is the “strength” you wish to give to each fibonacci box (includes both DZ and EZ levels) fibPivotPointCountValue : This is the “strength” you wish to give each pivot point DiamondCountValue : This is the “strength” you wish to give each dark red/green diamond countFibPointsWithinPips : This is how close you require each fibonacci box to be to be considered a valid variable when calculating optimum entries. Eg. if this value is 1 and assuming minimumFibPointsForEntry is 5, then 00,00,00,01,01 is considered a valid entry. minimumFibPointsForEntry : This is the minimum required “strength” of the variables when added up together to be considered a valid entry spreadAlert : This is the maximum spread you would tolerate for your trade entries, if spread is above this level, the pending orders would be cancelled when price approaches it newsFilter : You decide whether you wish to filter out high news events (4), medium (2), high + medium (6) filterAfterNews : How long do you want to prevent the EA from entering trades after a news event? filterBeforeNews : How long before a news event do you want to prevent the EA from entering into pending trades and cancelling existing pending trades? entryMinimumZone : This is the default zone you would set (can be adjusted by clicking on the buttons later) when opening TFA Sniper stopLossClusterMinimumDistance : What is the minimum distance away an optimum calculated stop loss has to be? (useful when ensuring you don’t set a SL of 1 pip for example) stopLossClusterMaximumDistance : What is the maximum distance away an optimum calculated stop loss can be? (useful when ensuring you don’t set a SL 100 pips away) stopLossPriceOffsetInPips : When an optimum calculated stop loss point is picked, how many pips above (for short trades) and below (for long trades) do you want your stop loss to be set? Eg. If my long stop loss is identified at 02, and this value is offset by 2 pips, then my stop loss would be placed at 00 (2 pips below the optimum calculated point). elasticEntryPipRangeForPending : How “flexible” do you want your pending trades to be? Is it alright if the optimum calculated entry/SL is moved by 1 pips, or 2 pips? takeProfitRiskRewardMultiplier : The default Risk : Reward multiplier you want attached to your currency pairs breakEvenRiskRewardMultiplier : The default Breakeven Risk : Reward multiplier you want attached to your currency pairs. Eg. if this if 1.0, and assuming you have a SL of 10 pips, the system will move your SL to breakeven only when profit has rose to 10 pips for that trade. entryWithinPivotPoint : This gives you the option to only enter trades when all conditions are met + is within X pips of a fibonacci pivot point (the dotted light green/light pink lines). It makes entries much stronger but much fewer too. entryMaximumPivotPointDistance : This is the maximum number of pips away you’ll allow the fibonacci pivot point to be from your ideal entry level. flagCalculationZoneWidthInPips : This is how sensitive you want the Flag Formation to be. Default is 100 pips range (50 pips up and 50 pips down). flagTriggerValue : How strong should the Flag Formation be to trigger a Flag Formation powered trade? tradeOnlyFlagFormations : If yes, TFA Sniper will only take trades which meet all criteria + meets minimum flagTriggerValue. If no, it will take all trades. flagRiskRewardMultiplier : Do you wish to increase your Take Profit target when a flag formation is in your favour? Eg. If your normal TP : SL is 10 pips : 10 pips and you have a flagRiskRewardMultiplier of 2, your TP will be adjusted to 20 pips if your flagTriggerValue is met. fixedLotSizePerTrade : Fancy fixed lots? Not advisable. riskPerTradeInPercent : It’s always better to risk a certain percentage of your account per trade so you have better control over it. pipsProfitOnBETrade : Once your trade has moved to breakeven, how many pips of profit would you like to lock in? (Some people use this to cover the cost of commission)