PlaynaFX EA V1 User Manual

6. Risk Management

6.1 Automatic Lot Sizing

When AutoLot is enabled, the EA calculates lot size based on:

Lot Size = (Account Balance × Risk_Percent / 100) / (Stop Loss Points × Point Value)
            

6.2 Stop Loss Settings

The EA uses percentage-based stop loss calculations:

• For BUY orders: Entry Price × (1 - StopLoss_Percent / 100)
• For SELL orders: Entry Price × (1 + StopLoss_Percent / 100)

6.3 Maximum Drawdown Control

The trailing stop feature helps control drawdown by automatically adjusting stop loss as profits increase.

7. Trading Strategies

7.1 Entry Signals

The EA generates BUY signals when:

• RSI crosses below oversold level (30)
• Fast MA crosses above Slow MA
• Price is near Fibonacci support levels

The EA generates SELL signals when:

• RSI crosses above overbought level (70)
• Fast MA crosses below Slow MA
• Price is near Fibonacci resistance levels

7.2 Exit Strategies Explained

ZigZag Reversal

Closes positions when ZigZag indicator shows trend reversal. Best for trending markets.

Trailing Stop

Moves stop loss to lock in profits. Best for volatile markets with strong trends.

Trend Following

Closes positions based on MA crossovers. Best for clear trending conditions.

Reversal Candle

Identifies reversal patterns like engulfing and hammer/shooting star. Best for range-bound markets.

8. Monitoring Your EA

8.1 Information Dashboard

The EA displays real-time information on your chart:

• Number of open positions
• Total profit/loss
• Current equity and balance
• Active exit strategy
• Last signal information

8.2 Log Messages

Important events are logged in the Experts tab:

• Trade execution confirmations
• Error messages
• Strategy changes
• Exit signal triggers

9. Troubleshooting

9.1 Common Issues

Issue	Solution
EA doesn't appear in Navigator	Restart MT5 or verify files are in correct folders
No trades are being executed	1. Check AutoTrading is enabled 2. Verify correct parameters 3. Ensure Allow DLL imports is checked
Indicator error messages	Confirm playnafxIndicator.ex5 is in Indicators folder
Invalid lot size error	Check broker's minimum lot size requirement

9.2 Error Codes

• Error 130: Invalid stops - adjust StopLoss_Percent
• Error 131: Invalid trade volume - check lot size
• Error 134: Not enough money - reduce lot size or add funds
• Error 4109: Trade not allowed - enable automated trading

10. Best Practices

10.1 Recommended Settings

• Start with minimum lot size (0.01)
• Use AutoLot with 1-2% risk
• Enable stop loss (recommended: 1-2%)
• Test each exit strategy to find best fit for market conditions
• Monitor performance daily

10.2 Currency Pairs and Timeframes

• Best performance: XAUUSD, EURUSD, GBPUSD
• Recommended timeframes: M5, H1, H4
• Avoid trading during major news events

10.3 Optimization Tips

1. Regularly update your EA to the latest version
2. Adjust parameters based on market conditions
3. Use different settings for different currency pairs
4. Keep detailed trading logs for analysis
5. Consider using a VPS for uninterrupted operation