Understand Benderv4 Parameters
A smarter, state-based trading solution with weighted probabilities and dynamic logic.
What is Benderv4?
Benderv4 is a revolutionary Expert Advisor that evaluates trading indicators independently, assigns probabilities, and combines them using weighted scoring. It adapts dynamically to changing market conditions, ensuring reliable, high-confidence trades.
- State-based logic for flexible decision-making.
- Weighted probabilities ensure smarter, adaptive trades.
- Customizable parameters for tailored strategies.
Imagine you’re planning a road trip, and you’re trying to decide whether to take Route A or Route B. You don’t just rely on one factor to make the decision, like which route is shorter. Instead, you consider multiple indicators:
- Traffic conditions: Is one route likely to have less traffic?
- Scenic value: Does one route offer better views?
- Weather forecast: Is one route less likely to face bad weather?
- Fuel efficiency: Is one route more fuel-friendly?
Each factor has a different level of importance. For instance:
- Traffic: 40%
- Scenic value: 20%
- Weather: 30%
- Fuel efficiency: 10%
You assign a score to each route based on these factors and their weights. If Route A scores higher than a certain threshold, you choose it. Otherwise, you go with Route B.
Benderv4 Parameters Overview
Explore the customizable parameters of Benderv4 that allow unparalleled precision in trading.
Parameter Screenshot
Below is a snapshot of the EA's parameter settings, designed for advanced yet intuitive customization.
Key Parameters Explained
Detailed explanations of each parameter to help you understand their purpose and configuration:
Parameter: Period for Fibonacci
Description: Specifies the time frame for Fibonacci analysis. Recommended to set one level above the current time frame for comprehensive trend assessment.
Parameters: Fibo Level for Buy, Fibo Level for Sell
Description: Determines the specific Fibonacci retracement levels for initiating buy and sell orders.
Parameters: Candles - Min Acceptable probability, Shadow - Min Acceptable probability, HMA90 - Min Acceptable probability, HMA21 - Min Acceptable probability, EMA9 - Min Acceptable probability
Description: Defines the minimum probabilities required for each indicator (Candles, Shadow, HMA90, HMA21, EMA9) to contribute to a trade decision.
Parameters: Fibonacci Weight, Candles Weight, Shadow Indicator Weight, HMA90 Weight, HMA21 Weight, EMA9 Weight
Description: Assigns weights to each indicator's contribution to the overall trade score. Adjust these to prioritize specific strategies.
Parameters: Min added value, Max added value
Description: Sets the thresholds for the cumulative score of all indicators. Trades are executed only when scores fall within this range.
Parameter: Minutes Between Orders
Description: Ensures a cooldown period between trades to prevent overtrading.
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