# Chapter 5: Configuration Guide

## Complete Parameter Reference

This chapter documents every input parameter in ERMT PME v1.2.

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## Management Control

### InpManageAllPositions
- **Type**: bool
- **Default**: true
- **Description**: Whether PME should manage all positions or only specific ones
- **Recommendation**: Keep true unless using Magic Filter

### InpMagicFilter
- **Type**: int
- **Default**: 0
- **Range**: 0-999999
- **Description**: Filter positions by Magic Number. 0 = manage all positions
- **Use Case**: If you run multiple EAs and want PME to manage only specific ones
- **Example**: Set to 12345 to manage only positions with magic 12345

### InpDefaultMode
- **Type**: ENUM_MANAGEMENT_MODE
- **Default**: MODE_BREAKEVEN_TRAIL
- **Options**:
  - MODE_NONE: No active management (monitoring only)
  - MODE_BREAKEVEN_ONLY: Only apply breakeven
  - MODE_BREAKEVEN_TRAIL: Breakeven + trailing (recommended)
  - MODE_FULL: All features enabled

### InpStartLevel
- **Type**: ENUM_MANAGEMENT_LEVEL
- **Default**: LEVEL_STANDARD
- **Options**:
  - LEVEL_CONSERVATIVE: Wider stops, less frequent partials
  - LEVEL_STANDARD: Balanced approach (recommended)
  - LEVEL_AGGRESSIVE: Tighter stops, frequent partials

---

## Phase Management Settings

### InpUsePhaseManagement
- **Type**: bool
- **Default**: true
- **Description**: Enable/disable the phase-based profit protection system
- **Recommendation**: Keep enabled for optimal performance

### Phase Triggers

#### InpPhase1Trigger (PROTECTION)
- **Type**: double
- **Default**: 40.0
- **Range**: 20-100 points
- **Description**: Profit threshold to enter PROTECTION phase
- **Tuning**:
  - **Lower (30)**: Earlier protection, may cut some winners short
  - **Higher (50)**: More breathing room, but less protection
  - **Scalping**: 20-30 points
  - **Swing Trading**: 40-60 points
  - **Position Trading**: 80-100 points

#### InpPhase2Trigger (ACCUMULATION)
- **Type**: double
- **Default**: 60.0
- **Range**: 40-150 points
- **Must be**: > Phase1Trigger
- **Recommendation**: 1.5× Phase1Trigger

#### InpPhase3Trigger (MAXIMIZATION)
- **Type**: double
- **Default**: 100.0
- **Range**: 60-250 points
- **Must be**: > Phase2Trigger
- **Recommendation**: 1.67× Phase2Trigger

#### InpPhase4Trigger (RUNNER)
- **Type**: double
- **Default**: 200.0
- **Range**: 100-500 points
- **Must be**: > Phase3Trigger
- **Recommendation**: 2× Phase3Trigger

#### InpPhase5Trigger (EXTREME)
- **Type**: double
- **Default**: 400.0
- **Range**: 200-1000 points
- **Must be**: > Phase4Trigger
- **Recommendation**: 2× Phase4Trigger

---

## Risk Protection

### InpMaxLossPerTrade
- **Type**: double
- **Default**: 3.0
- **Range**: 0.1-20.0 (percentage)
- **Description**: Maximum loss allowed on any single position
- **Calculation**: Balance × (MaxLoss / 100)
- **Example**: $10,000 × 0.03 = $300 max loss per trade
- **Recommendations**:
  - Conservative: 1-2%
  - Standard: 3-5%
  - Aggressive: 5-10%
  - ⚠️ Never exceed 10% unless you're very experienced

### InpMaxDailyLoss
- **Type**: double
- **Default**: 10.0
- **Range**: 0.1-50.0 (percentage)
- **Description**: Maximum cumulative loss allowed in one day
- **Action**: Closes all positions if breached
- **Recommendations**:
  - Conservative: 5-10%
  - Standard: 10-20%
  - Aggressive: 20-30%
  - ⚠️ Essential for preventing "revenge trading" spirals

### InpMaxDrawdown
- **Type**: double
- **Default**: 25.0
- **Range**: 0.1-100.0 (percentage)
- **Description**: Maximum peak-to-valley decline before emergency shutdown
- **Action**: Closes all positions and stops trading
- **Recommendations**:
  - Conservative: 15-20%
  - Standard: 20-30%
  - Aggressive: 30-40%
  - ⚠️ This is your "circuit breaker"

### InpMaxCorrelation
- **Type**: double
- **Default**: 0.80
- **Range**: 0.0-1.0
- **Description**: Maximum correlation allowed between positions
- **Purpose**: Prevent over-concentration in related instruments
- **Example**: 0.80 means max 80% correlation (e.g., EURUSD and GBPUSD)

---

## Emergency Protection

### InpApplyEmergencyStops
- **Type**: bool
- **Default**: true
- **Description**: Automatically add stops to positions without SL
- **Recommendation**: Always keep enabled

### InpEmergencySLMultiplier
- **Type**: double
- **Default**: 7.0
- **Range**: 1.0-20.0
- **Description**: ATR multiplier for emergency stop-loss distance
- **Calculation**: SL Distance = ATR × Multiplier
- **Example**: ATR = 20 pips, Multiplier = 7 → SL at 140 pips
- **Tuning**:
  - **Tight (3-5)**: For scalping or high-confidence entries
  - **Standard (7-10)**: General purpose
  - **Wide (10-20)**: Swing/position trading or volatile instruments

### InpEmergencyTPMultiplier
- **Type**: double
- **Default**: 4.0
- **Range**: 1.0-20.0
- **Description**: ATR multiplier for emergency take-profit
- **Purpose**: Set a reasonable TP if position has none
- **Recommendation**: 0.5× to 0.75× of SL multiplier

---

## Dynamic Stop Management

### InpDynamicStops
- **Type**: bool
- **Default**: true
- **Description**: Enable dynamic adjustment of stops based on profit
- **Features**:
  - Tightens stops as profit grows
  - Widens stops in strong momentum
  - Adapts to volatility changes

### InpTightenOnProfit
- **Type**: bool
- **Default**: true
- **Description**: Automatically tighten stops when profit threshold reached
- **Works with**: InpTightenThreshold

### InpTightenThreshold
- **Type**: double
- **Default**: 75.0
- **Range**: 30-200 points
- **Description**: Profit level at which to begin tightening stops
- **Recommendation**: Between Phase2 and Phase3 triggers

### InpProtectProfits
- **Type**: bool
- **Default**: true
- **Description**: Enable profit protection mechanisms
- **Features**:
  - Prevents SL from moving backward
  - Maintains minimum locked profit
  - Enforces progressive locking

### InpProtectionThreshold
- **Type**: double
- **Default**: 100.0
- **Range**: 50-300 points
- **Description**: Profit level where maximum protection activates
- **Recommendation**: Same as Phase3Trigger

---

## Breakeven Settings

### InpBreakevenEnabled
- **Type**: bool
- **Default**: false (DISABLED in v1.2)
- **Description**: Enable traditional breakeven system
- **⚠️ Note**: Disabled by default because phase locks provide superior protection
- **Conflict**: If both breakeven and phase management are enabled, phase management takes precedence

### InpBreakevenTrigger
- **Type**: double
- **Default**: 40.0
- **Range**: 10-100 points
- **Description**: Profit at which to move SL to breakeven
- **Ignored if**: InpUsePhaseManagement = true

### InpBreakevenOffset
- **Type**: double
- **Default**: 8.0
- **Range**: 0-50 points
- **Description**: Points above entry to set SL (spread + small profit)
- **Example**: Entry 1.0850, Offset 8pts → SL at 1.0858

### InpMultiLevelBE
- **Type**: bool
- **Default**: false
- **Description**: Enable multiple breakeven levels
- **Purpose**: Progressive breakeven at different profit milestones

---

## Trailing Stop Settings

### InpTrailingMethod
- **Type**: ENUM_TRAILING_METHOD
- **Default**: TRAIL_ATR
- **Options**:
  - TRAIL_NONE: No trailing
  - TRAIL_FIXED: Fixed point distance
  - TRAIL_ATR: ATR-based (recommended)
  - TRAIL_PARABOLIC: Parabolic SAR-based
  - TRAIL_ADAPTIVE: Combines multiple methods

### InpTrailStart
- **Type**: double
- **Default**: 60.0
- **Range**: 20-200 points
- **Description**: Profit at which trailing starts
- **Recommendation**: Same as Phase2Trigger

### InpTrailDistance
- **Type**: double
- **Default**: 40.0
- **Range**: 5-200 points
- **Description**: Distance from current price to trail (if TRAIL_FIXED)
- **Recommendation**: Use TRAIL_ATR instead for dynamic distance

### InpTrailStep
- **Type**: double
- **Default**: 15.0
- **Range**: 1-100 points
- **Description**: Minimum price movement before adjusting trailing stop
- **Purpose**: Reduce broker requests and avoid whipsaws
- **Tuning**:
  - **Small (5-10)**: Tight tracking, more updates
  - **Medium (15-20)**: Balanced
  - **Large (30-50)**: Loose tracking, fewer updates

### InpAdaptiveTrailing
- **Type**: bool
- **Default**: true
- **Description**: Adjust trailing distance based on volatility and momentum
- **Recommendation**: Keep enabled

### Volatility Multipliers

#### InpLowVolatilityMultiplier
- **Type**: double
- **Default**: 0.8
- **Description**: Trail distance multiplier in low volatility
- **Effect**: Tighter trails when market is calm

#### InpHighVolatilityMultiplier
- **Type**: double
- **Default**: 1.5
- **Description**: Trail distance multiplier in high volatility
- **Effect**: Wider trails to avoid whipsaws

#### InpVolatilityThreshold
- **Type**: double
- **Default**: 1.2
- **Description**: ATR threshold to classify as "high volatility"
- **Calculation**: Current ATR / Average ATR > Threshold = High Volatility

---

## Partial Close Strategy

### InpPartialEnabled
- **Type**: bool
- **Default**: true
- **Description**: Enable multi-level partial closures
- **Recommendation**: Keep enabled for profit banking

### InpPartialLevels
- **Type**: int
- **Default**: 4
- **Range**: 1-10
- **Description**: Number of partial closure levels
- **Standard**: 4 levels (50/100/200/400 points)

### Partial Level Configuration

Each level has two parameters: Trigger (profit points) and Percent (close %).

#### Level 1
- **InpPartialTrigger1**: 50.0 points
- **InpPartialPercent1**: 20.0%
- **Purpose**: Bank first profits, reduce risk

#### Level 2
- **InpPartialTrigger2**: 100.0 points
- **InpPartialPercent2**: 20.0%
- **Purpose**: Continue profit banking

#### Level 3
- **InpPartialTrigger3**: 200.0 points
- **InpPartialPercent3**: 25.0%
- **Purpose**: Secure majority of profit

#### Level 4
- **InpPartialTrigger4**: 400.0 points
- **InpPartialPercent4**: 20.0%
- **Purpose**: Final banking, keep small runner

### InpRunnerPercentage
- **Type**: double
- **Default**: 15.0
- **Range**: 5-50 (percentage)
- **Description**: Minimum position size to keep as final runner
- **Example**: 15% means at least 15% of original size remains

### InpRunnerTrailMultiplier
- **Type**: double
- **Default**: 2.0
- **Range**: 1.0-5.0
- **Description**: Wider trail multiplier for runner portion
- **Purpose**: Give runner more room to capture extended moves

### InpRunnerExitThreshold
- **Type**: double
- **Default**: 500.0
- **Range**: 200-2000 points
- **Description**: Extreme profit level to consider closing runner
- **Purpose**: Exit on exhaustion signals at extreme profits

---

## Exit Management

### InpUseTechnicalExits
- **Type**: bool
- **Default**: false
- **Description**: Close positions on technical reversal signals
- **Signals**: RSI extremes, MACD crossovers, trend breaks

### InpTimeBasedExits
- **Type**: bool
- **Default**: false
- **Description**: Close positions after maximum time in trade
- **Purpose**: Exit stale positions

### InpMaxBarsInTrade
- **Type**: int
- **Default**: 1000
- **Range**: 50-10000 bars
- **Description**: Maximum bars a position can remain open
- **Calculation**: Based on chart timeframe

### InpReduceRiskOverTime
- **Type**: bool
- **Default**: false
- **Description**: Gradually tighten stops as time passes
- **Purpose**: Encourage quicker profit-taking

---

## Phase Lock Settings

### InpUsePhaseProfitLocks
- **Type**: bool
- **Default**: true
- **Description**: Enable phase-based progressive profit locking
- **Recommendation**: Always keep enabled

### InpPhaseLockBreathingRoom
- **Type**: double
- **Default**: 50.0
- **Range**: 0-100 (percentage)
- **Description**: Retracement allowed from peak before SL hits
- **Example**: 50% means position can lose half of unrealized profit

### InpMaintainLockOnRetreat
- **Type**: bool
- **Default**: true
- **Description**: Keep highest phase lock when retreating to lower phase
- **Recommendation**: Always keep enabled (retreat protection)

### InpRetreatLockMultiplier
- **Type**: double
- **Default**: 1.2
- **Range**: 1.0-2.0
- **Description**: Tighten lock by this factor when retreating
- **Example**: 1.2 = 20% tighter lock on retreat

### Phase Minimum Locks

#### InpPhase1MinLock
- **Default**: 10.0 points (PROTECTION phase)

#### InpPhase2MinLock
- **Default**: 25.0 points (ACCUMULATION phase)

#### InpPhase3MinLock
- **Default**: 50.0 points (MAXIMIZATION phase)

#### InpPhase4MinLock
- **Default**: 100.0 points (RUNNER phase)

#### InpPhase5MinLock
- **Default**: 200.0 points (EXTREME phase)

**Purpose**: Safety floor - SL never goes below these levels for each phase

---

## Time Filters

### InpUseTimeFilter
- **Type**: bool
- **Default**: false
- **Description**: Only manage positions during specific hours

### InpStartHour
- **Type**: int
- **Default**: 0
- **Range**: 0-23
- **Description**: Hour to start management (broker time)

### InpEndHour
- **Type**: int
- **Default**: 24
- **Range**: 0-24
- **Description**: Hour to stop management (broker time)

### InpFridayClose
- **Type**: bool
- **Default**: false
- **Description**: Close all positions on Friday before weekend

### InpFridayCloseHour
- **Type**: int
- **Default**: 23
- **Range**: 0-23
- **Description**: Hour on Friday to close positions

---

## Session Management

### InpSessionBasedManagement
- **Type**: bool
- **Default**: true
- **Description**: Adjust management based on trading session
- **Sessions**: Asian, London, New York

### Asian Session

#### InpAsianTrailMultiplier
- **Default**: 1.2 (wider)
- **Rationale**: Lower volatility, avoid whipsaws

#### InpAsianPartialMultiplier
- **Default**: 1.5 (less frequent)
- **Rationale**: Slower profit-taking in ranging markets

### London Session

#### InpLondonTrailMultiplier
- **Default**: 1.0 (standard)

#### InpLondonPartialMultiplier
- **Default**: 1.0 (standard)

### New York Session

#### InpNewYorkTrailMultiplier
- **Default**: 0.9 (tighter)
- **Rationale**: High volatility, capture momentum

#### InpNewYorkPartialMultiplier
- **Default**: 0.8 (more frequent)
- **Rationale**: Bank profits quickly during volatile moves

---

## Advanced Settings

### InpUseVolumeAnalysis
- **Type**: bool
- **Default**: true
- **Description**: Consider volume when making exit decisions

### InpHighVolumeThreshold
- **Type**: double
- **Default**: 1.5
- **Description**: Relative volume threshold for "high volume"

### InpExtendTargetsOnMomentum
- **Type**: bool
- **Default**: true
- **Description**: Keep positions longer in strong momentum

### InpMomentumThreshold
- **Type**: double
- **Default**: 2.0
- **Description**: ATR-based momentum threshold

### InpUseSmartExits
- **Type**: bool
- **Default**: true
- **Description**: Avoid closing at support/resistance

### InpMinProfitForExit
- **Type**: double
- **Default**: 30.0
- **Description**: Minimum profit before technical exit signals apply

### InpCheckSupportResistance
- **Type**: bool
- **Default**: true
- **Description**: Check S/R levels before exiting

### InpSRBuffer
- **Type**: double
- **Default**: 10.0
- **Description**: Points around S/R to avoid closing

---

## Display Settings

### InpShowDashboard
- **Type**: bool
- **Default**: true
- **Description**: Display on-chart dashboard

### InpDashboardX
- **Type**: int
- **Default**: 20
- **Description**: Dashboard X position (pixels from left)

### InpDashboardY
- **Type**: int
- **Default**: 50
- **Description**: Dashboard Y position (pixels from top)

### InpUpdateFrequency
- **Type**: int
- **Default**: 2
- **Range**: 1-60 seconds
- **Description**: Dashboard update interval

---

## System Settings

### InpLogLevel
- **Type**: ENUM_LOG_LEVEL
- **Default**: LOG_INFO
- **Options**:
  - LOG_NONE: No logging
  - LOG_ERROR: Errors only
  - LOG_WARNING: Errors + warnings
  - LOG_INFO: Normal operation (recommended)
  - LOG_DEBUG: Detailed debugging

### InpSaveReports
- **Type**: bool
- **Default**: true
- **Description**: Save periodic snapshots and final reports

### InpEmailAlerts
- **Type**: bool
- **Default**: false
- **Description**: Send email alerts on critical events
- **Requires**: MT5 email configuration

### InpPushAlerts
- **Type**: bool
- **Default**: false
- **Description**: Send push notifications to mobile
- **Requires**: MT5 push notification setup

### InpSoundAlerts
- **Type**: bool
- **Default**: true
- **Description**: Play sound alerts

---

## Preset Configurations

### Conservative
```
Max Loss Per Trade: 2%
Max Daily Loss: 10%
Phase 1 Trigger: 50 pts
Breakeven: Enabled at 40 pts
Trailing: Wide (50 pts)
Partial Close: Aggressive (more frequent)
```

### Balanced (Recommended)
```
Max Loss Per Trade: 5%
Max Daily Loss: 20%
Phase 1 Trigger: 40 pts
Breakeven: Disabled (use phase locks)
Trailing: ATR-based adaptive
Partial Close: Standard 4 levels
```

### Aggressive
```
Max Loss Per Trade: 8%
Max Daily Loss: 30%
Phase 1 Trigger: 30 pts
Breakeven: Disabled
Trailing: Tight (25 pts)
Partial Close: Less frequent (larger partials)
```

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**Return to**: [Main README](README.md)