Common use of Filters Clause in Contracts

Filters.  MTScalp_UseFilterMA - turn on and off the MA entry filter, which helps to filter out bad entry signals. MTScalp_FilterMAPeriod sets the period of the filtering МА. And MTScalp_FilterMAMethod selects the type of MA employed: One of the more important recent additions to this filter is FilterMA_TFNum (TimeFrame Number). The TFNum allows you to specify the timeframe of the MA indicator that this filter refers to internally.TFNumranges as follows: 1 = ▇▇, ▇ = ▇▇, ▇ = M15, 4 = M30, 5 = ▇▇, ▇=▇▇, 7 = D1, 8 = W1 For example, even though you may runFAPT3 on an M15 chart, you can actually set the FilterMA_TFNum to 5 or 6 which forces the filter to usea Moving Average on H1 or H4 internally, so that the robot will ‘see’ a more accurate representation of the current trend from the broader perspective of a larger timeframe and hence, be able to take a better decision if the current prices break through that slower MA or not.  MTScalp_SimpleHeightFilter - turns on/ off the simple bar height volatility filter which prevents trades from being opened, if the height of the current candle exceeds the MTScalp_MaxBarHeight value (in pips).  MTScalp_TrendFilter - turns on / off Trend Filter based on a Moving Average calculation. The default value of -1 allows the robot to choose Trendfilter settings according to the pair. This filter’s related parameters are :MTScalp_TrendFilter_TFNum, MTScalp_TF_MA_Period (which sets the Period of the TrendFilter’s Moving Average) and MTScalp_TFMaxPercentMove (i.e., the value above which the robot will recognize a stronger trend and will temporarily prevent trades until the pair’s market activity settles down.) 1 = ▇▇, ▇ = ▇▇, ▇ = M15, 4 = M30, 5 = ▇▇, ▇=▇▇, 7 = D1, 8 = W1 So, if you set TrendFilter_TFNum to 6, it will force the Trend Filter to look at the overall trend as seen on an H4 chart and hence determine if it’s safe enough o place a trade or not. Here’s what the robot’s results look like with a fine-tuned TrendFilter on EURUSD since the start of 2014; see the neater, upward increase in profit especially towards the end despite the recent market trend? This equity graph says it all!  MTScalp_UseCustomLevels - Turns on and off the CustomLevels filter (a.k.a. NoiseFilter). This filter basically checks the robots’ trades at regular intervals of time to see if they have achieved a certain number of pips or not. If not, then the trades will be closed because in most cases, the short-term trend may reverse, so the CustomLevels filter tries to avoid that before the trade hits the full S/L. So, if this parameter is set to true, you will find that trades are being closed earlier than you might expect. If you dont want FAPT3 to close trades early, then switch off UseCustomLevels (this is now default).  MTScalp_RelaxHours - the number of hours to miss or rest after hitting a stop loss  MTScalp_OneTrade – if set to 1, then the robot opens only 1 trade per day  MTScalp_OneOpenTrade – if 1 the FapTurbo3 will have only one open trade at a time no matter how many currencies you trade. That is needed only for very small accounts.  MTScalp_MaxSpread - You can define the maximum spread at which you would like FAPTURBO3 to trade. By default, this parameter is -1, which means that the robot will determine the best MaxSpread value based on the broker that you are running the robot on. For FxChoice, the spreads are tighter and hence, MaxSpread is different for each pair to enforce maximum profitability (the different MaxSpreads will be displayed on the robot’s chart). On Tallinex, the MaxSpread is 5 pips by default. Remember, the safest and most optimum spread value is 5 pips for FAPT3 across all pairs including Bitcoin (BTCUSD). Under no circumstances should you go higher than 5 pips. Max spread value is no longer represented as an Integer. You can customize settings to include decimals i.e. 4.5 in place of 5 . This will help members who use brokers with fractional lot sizing.  MTScalp_Slippage: By default, it is 2. This works to help prevent off-quote errors when closing a trade. If FapTurbo3 gets an off-quote error from the broker, it will agree to lose (or gain) this number of pips difference from the point it tried to close at. FAPTURBO3 will keep on trying to close trades if it does get off-quote errors, which adds extra safety.  MTScalp_ExpertComment - "FAPT3.0": Comment for identifying trades made by the MTS/Scalper strategy. The ExpertComment will be automatically appended based on which mode you’re running the robot in. For eg., in MTS mode, the robot will add the suffix ‘MTS’ to the end of the ExpertComment, and similarly, it will add ‘Scalp’ when in the Scalper mode. This will help you to be able to differentiate MTS trades from those of the ▇▇▇▇▇▇▇.▇▇▇ can see the comments of each trade within the Comments column in the Trades or Account History tabs in your Metatrader(right-click the header and make sure Comments is checked), OR simply hover your mouse over that order listed in the Trades tab.  MTScalp_MagicNumber: This number helps the robot to identify its own trades from other robots. By default, the MTS MagicNumber is set to 20160901. However, if you are running the robot in Scalper mode, then FAPTv3.0 will automatically increment the MTScalp_MagicNumber by 2. Please remember, the MTS mode and Scalper should NEVER share the same MagicNumber! For e.g., if the MTS MagicNumber is 20160901, then the Scalper’s MagicNumber will be increased to 20160903. If you ever need to confirm the MagicNumber being used by the robot in a particular mode on a certain chart, just set WriteDebugLog to true and you will find this additional detail on the chart as shown below:

Filters.  MTScalp_UseFilterMA - turn on and off the MA entry filter, which helps to filter out bad entry signals. MTScalp_FilterMAPeriod sets the period of the filtering МА. And MTScalp_FilterMAMethod selects the type of MA employed: One of the more important recent additions to this filter is FilterMA_TFNum (TimeFrame Number). The TFNum allows you to specify the timeframe of the MA indicator that this filter refers to internally.TFNumranges as follows: 1 = ▇▇, ▇ = ▇▇, ▇ = M15, 4 = M30, 5 = ▇▇, ▇=▇▇, 7 = D1, 8 = W1 For example, even though you may runFAPT3 on an M15 chart, you can actually set the FilterMA_TFNum to 5 or 6 which forces the filter to usea Moving Average on H1 or H4 internally, so that the robot will ‘see’ a more accurate representation of the current trend from the broader perspective of a larger timeframe and hence, be able to take a better decision if the current prices break through that slower MA or not.  MTScalp_SimpleHeightFilter - turns on/ off the simple bar height volatility filter which prevents trades from being opened, if the height of the current candle exceeds the MTScalp_MaxBarHeight value (in pips).  MTScalp_TrendFilter - turns on / off Trend Filter based on a Moving Average calculation. The default value of -1 allows the robot to choose Trendfilter settings according to the pair. This filter’s related parameters are :MTScalp_TrendFilter_TFNum, MTScalp_TF_MA_Period (which sets the Period of the TrendFilter’s Moving Average) and MTScalp_TFMaxPercentMove (i.e., the value above which the robot will recognize a stronger trend and will temporarily prevent trades until the pair’s market activity settles down.) 1 = ▇▇, ▇ = ▇▇, ▇ = M15, 4 = M30, 5 = ▇▇, ▇=▇▇, 7 = D1, 8 = W1 So, if you set TrendFilter_TFNum to 6, it will force the Trend Filter to look at the overall trend as seen on an H4 chart and hence determine if it’s safe enough o place a trade or not. Here’s what the robot’s results look like with a fine-tuned TrendFilter on EURUSD since the start of 2014; see the neater, upward increase in profit especially towards the end despite the recent market trend? This equity graph says it all!  MTScalp_UseCustomLevels MTS_UseCustomLevels - Turns on and off the CustomLevels filter (a.k.a. NoiseFilter). This filter basically checks the robots’ trades at regular intervals of time to see if they have achieved a certain number of pips or not. If not, then the trades will be closed because in most cases, the short-term trend may reverse, so the CustomLevels filter tries to avoid that before the trade hits the full S/L. So, if this parameter is set to true, you will find that trades are being closed earlier than you might expect. If you dont want FAPT3 FAPTv2.0 to close trades early, then switch off UseCustomLevels (this is now default).  MTScalp_RelaxHours • MTS_SimpleHeightFilter - turns on/ off the simple bar height volatility filter • MTS_TrendFilter - turns on / off Trend Filter based on a Moving Average calculation. The default value of -1 allows the robot to choose Trendfilter settings according to the pair. This filter’s related parameters are MTS_TF_MA_Period (which sets the Period of the TrendFilter’s Moving Average) and MTS_TFMaxPercentMove, that is the value above which the robot will recognize a stronger trend and will temporarily prevent trades until the pair’s market activity settles down. • MTS_RelaxHours - the number of hours to miss or rest after hitting a stop loss  MTScalp_OneTrade • MTS_OneTrade – if set to 1, 1 then the robot opens only 1 trade trader per day  MTScalp_OneOpenTrade • MTS_OneOpenTrade – if 1 the FapTurbo3 FapTurbo2 will have only one open trade at a time no matter how many currencies you trade. That is needed only for very small accounts.  MTScalp_MaxSpread • MTS_UseFilterMA - turn on and off the MA global filter. MTS_PeriodFilterMA sets the period of filtering МА. And MTS_MethodFilterMA – the type of MA employed. 0=Simple, 1=Exponential, 2=Smoothed, 3=Weighted • MaxSpread - You can define the maximum spread at which you would like FAPTURBO3 FAPTURBO2 to trade. By default, this parameter is -1, which means that the robot will determine the best MaxSpread value based on the broker that you are running the robot on. For FxChoice, the spreads are tighter and hence, MaxSpread is different for each pair to enforce maximum profitability (the different MaxSpreads will be displayed on the robot’s chart). On Tallinex, the MaxSpread is 5 pips by default. Remember, the safest and most optimum spread value is 5 pips for FAPT3 across all FAPT2. We don’t recommend trading with higher spread for this currency pair. For other pairs including Bitcoin (BTCUSD). Under allowed spread can be higher, but in no circumstances should you go higher than 5 pips10. Max spread value is no longer represented as an Integer. You can customize settings to include decimals i.e. 4.5 5.1 in place of 5 . This will help members who use brokers with fractional lot sizing.  MTScalp_Slippage: By default, it is 2. This works to help prevent off-quote errors when closing a trade. If FapTurbo3 gets an off-quote error from the broker, it will agree to lose (or gain) this number of pips difference from the point it tried to close at. FAPTURBO3 will keep on trying to close trades if it does get off-quote errors, which adds extra safety.  MTScalp_ExpertComment - "FAPT3.0": Comment for identifying trades made by the MTS/Scalper strategy. The ExpertComment will be automatically appended based on which mode you’re running the robot in. For eg., in MTS mode, the robot will add the suffix ‘MTS’ to the end of the ExpertComment, and similarly, it will add ‘Scalp’ when in the Scalper mode. This will help you to be able to differentiate MTS trades from those of the ▇▇▇▇▇▇▇.▇▇▇ can see the comments of each trade within the Comments column in the Trades or Account History tabs in your Metatrader(right-click the header and make sure Comments is checked), OR simply hover your mouse over that order listed in the Trades tab.  MTScalp_MagicNumber: This number helps the robot to identify its own trades from other robots. By default, the MTS MagicNumber is set to 20160901. However, if you are running the robot in Scalper mode, then FAPTv3.0 will automatically increment the MTScalp_MagicNumber by 2. Please remember, the MTS mode and Scalper should NEVER share the same MagicNumber! For e.g., if the MTS MagicNumber is 20160901, then the Scalper’s MagicNumber will be increased to 20160903. If you ever need to confirm the MagicNumber being used by the robot in a particular mode on a certain chart, just set WriteDebugLog to true and you will find this additional detail on the chart as shown below: