Isheguve Crash Index Trader

User Guide: ISHEGUVE Crash Trader

(Simplified Version of ISHEGUVE Smart Trader)

1. Introduction to ISHEGUVE Crash Trader

The ISHEGUVE Crash Trader is an automated trading system specifically designed to trade on Crash Index, one of the Synthetic Indices. These indices simulate real-world market movements and are available on platforms like Deriv.com. This EA is a simplified version of the ISHEGUVE Smart Trader, focusing on core functionalities to identify and capitalize on specific market conditions within these synthetic "crash" assets.

2. Default Settings and Configuration

The following are the default input parameters for the ISHEGUVE Crash Trader EA:

• Account Mode: Toggle between Hedging and Netting.
• Maximum Risk percent of Equity (1.0 = 1%) 1.
• Risk to Reward Ratio (1:5): 10.0 (A target of 10 times the risk, which is a very high reward potential per successful trade.)
• Pending order expiration in bars (0 = GTC): 5 (This means a pending order, if placed, will automatically expire after 5 bars of the current timeframe if it hasn't been filled. 0 indicates Good-Till-Canceled.)
• Enable ATR Training Stop: true (The EA uses an ATR-based trailing stop, which can help lock in profits as a trade moves favorably.)
• Position holding time in bars (0 = no time limit): 1440 (This is a crucial setting that defines the maximum duration a trade can be held, measured in bars of the current timeframe.)
• Hour to trade (0-23): 0 (The EA is enabled for trading starting from hour 0, i.e., midnight. Without a specified end hour/minute, it implies continuous trading activity throughout the day, subject to other internal logic and the position holding time.)

3. Critical Information: Intended Trading Timeframe and Position Holding Time

The Position holding time in bars is set to 1440 . This value is directly related to the timeframe the EA is designed to operate on.

Understanding Position holding time in bars : This parameter means a trade will be held for a maximum of 1440 bars of the timeframe the EA is running on.

• If running on an M1 (1-minute) chart, 1440 bars equals 1440 minutes, which is 24 hours.
• If running on an M5 (5-minute) chart, 1440 bars equals $1440 \times 5 = 7200$ minutes, which is 120 hours or 5 days.

Intended Trading Timeframe: M5 or Less

The ISHEGUVE Crash Trader is intended to be used on the M5 (5-minute) timeframe or any lower timeframe (e.g., M1, M2, M3, M4). The EA's logic, entry/exit points, and risk management are optimized for the granular price action found on these shorter timeframes, which is typical for trading synthetic indices like the Crash Index.

WARNING: Do NOT Trade on Higher Timeframes!

It is CRITICAL that you DO NOT run this Expert Advisor on timeframes higher than M5 (e.g., M15, H1, H4, D1, W1, MN). Here's why:

1. Strategy Optimization: The EA's internal algorithms, including its signal generation, trailing stop, and trade management, are fine-tuned for the specific characteristics and volatility patterns observed on the M5 timeframe and below. Trading Synthetic Indices often involves strategies that rely on these shorter timeframes for optimal execution.
2. Increased Risk and Poor Performance: Running on higher timeframes will drastically alter the EA's behavior in unintended ways. For instance, holding a trade for 1440 bars on an H1 (1-hour) chart would mean holding it for 1440 hours (60 days), which is fundamentally different from the shorter intended durations. This will highly likely lead to:
   • Unpredictable and potentially significant losses.
   • Inaccurate trading signals.
   • Suboptimal stop loss and take profit levels.
   • Excessive drawdown.
3. Untested Conditions: The EA's performance on timeframes above M5 is not validated and could result in detrimental outcomes.

Always ensure the ISHEGUVE Crash Trader is attached to an M5 chart or a lower timeframe when trading the Crash Index.

4. Other Important Considerations

• Risk Management: The default Maximum Risk percent of Equity is set to a very low 1%. This conservative setting is crucial for protecting your capital and achieving steady growth. It is strongly advised not to increase this value above 5% without extensive personal backtesting and a thorough understanding of the increased risk involved.
• Trading Sessions: The Hour to trade being set to 0 indicates that the EA is active from the start of the trading day (00:00). Be aware that its internal logic and the Position holding time in bars will dictate actual trade duration.
• Pending Order Expiration: The Pending order expiration in bars set to 5 means that any pending orders placed by the EA will automatically be cancelled if they are not filled within 3 bars of the active timeframe.