Flash Introduction
Flash, like other good Expert Advisors (EAs), will help you save time because you do not need to find trade entries. Finding a good market setup to place a trade can take hours.
Flash is designed to enter and exit trades as quickly as possible. It uses a stochastic indicator with support and resistance levels to determine the best trade entries.
Flash is considered a trending trading software.
Make sure you join our Flash group on Telegram to stay up to date with all the news and updates.
Trading Risk
Auvoria Prime also suggests a conservative to moderate trading strategy. Since 2020, we have watched people trade aggressively and lose one account after another. The Default pairs are EURUSD, GBPUSD, NZDUSD, and if you want you can add USDCAD.
With Flash, because the four pairs all contain USD, they could all go the wrong way together. Due to this, if you are trading all four pairs with a lot size of .01, a balance of $4000 is considered conservative. A balance of $2000 would be moderate, and a balance of $1000 would be very aggressive. If you have a balance of $2000 and want to be conservative, consider trading with only two pairs.
Remember, the lot size entered into the setting Lot_size applies to each chart, not the entire account. So if you have .01 in the Lot_size and four charts open, you are trading with .04 per $1000, which is aggressive.
Flash Settings
Trade Settings
Lot_Size
Default - 0.01 per 2000
Flash's “lot size” will always come preset or, by default, the smallest lot size of 0.01 per $1,000 of the account balance. It is recommended that you do research as to the lot size that you should use here. You can speak with your sponsor or other people using Flash to understand more about different experiences that people have with various settings. The lot size is static, so it won't adjust based on your equity.
A lot size of 0.01 per $1,000 of the account balance is a standard that people think of, but the lot size can be adjusted to reflect a lot size of 0.01 per $1,250 to be more conservative or 0.01 per $750 to be more aggressive. Remember that being more aggressive to get more profit means taking more risks and can experience more loss. Keep in mind, that you are trading 3 pairs, so if your account size is $6000, that means each of the pairs should have 0.02 starting lot size if you want to use moderate risk in your trades. If you want to be aggressive, you can have a lower lot size, or if you want to be more conservative, you should put your starting lot size higher, 0.01 per 3000 or 0.01 per 4000.
We consider it a best practice to learn to use the software with a demo account where you can adjust settings without risking your capital. When you are ready to go to a live trading account, it is suggested to start with conservative settings and adjust the settings based on your involvement with the software.
Adjustments should also be considered according to news events. This is another good reason to connect to the Flash Telegram channels. The representative for the software will drop notes that can help ensure profits.
Take_Profit_Cash_Amount (PRO version only)
Default - 1000
The value you enter here is the amount you are willing to close all of your open trades and take profit. For example, if you have ten trades open and the combined profit of the trades is $100, and you would like to put that profit into your account, you would put 100 as a value in this field.
Trailing Stop Loss (PRO version only)
Default - True
True - When this setting is set to True, the two following settings will be active, and your trailing stop loss will be determined.
False - When False is selected, Flash will close trades when they reach the profit specified in the Take Profit Cash Amount field.
Cash Trail Start (PRO version only)
Default - 21.0
The value you enter here is when you want the trailing stop loss to be activated. This value will “lock in” your specified profit by activating a trailing stop loss.
Cash Trail Buffer (PRO version only)
Default - 7.0
The value you enter here is the amount you want to trail the trade, securing profits as the trade moves in your direction and the profits “locked in” from the Cash Trail Start value.
Example
If you enter 6 for the Cash Trail Start value and 3 for the Cash Trail Buffer, you will have locked in $3 when it is activated.
If the market moves in your favor, the profit secured will increase. If the market moves against your trade, you will profit no less than $3.
MaxTradesOpenPerPair
Default - 10
The setting “MaxTradesOpenPerPair” determines how many trades you would like the software to take per currency pair. The developer suggests you run it by default, selecting false for the setting “MaxTradesEnable” and then entering 5 for the setting “MaxTradesOpenPerPair.”
MaxTradesPipsEnabled
Default- True
Turn this setting to True if you want to limit the number of trades allowed within a certain pip range.
MaxTradesPips
Default - 2.0
The value here is the number of trades you will allow to be opened in the number of pips specified in the MaxTradesSpacePips setting below.
For example, if you only want to allow one trade every 50 pips, you would enter 1 in this setting and 50 in the MaxTradesSpacePips. The more trades you allow to open within a smaller range, the more risky it is and likely to go into drawdown.
MaxTradesSpacePips
Default - 20.0
This value is the number of pips required before the number of trades specified in the MaxTradesPips can be placed on the charts.
Drawdown_Limit_Cash_Amount_Pair
Default - 100.0
The numerical value you enter into the “Drawdown_Limit_Cash_Amount_Pair” is how much capital you are willing to lose to protect your account. This is also commonly known as an Equity Protector. For example, if your account balance is $5000 and you want to protect 80% of your account, then you need to set the value for 20% of $5000, which is 1000.
ContinueWorkingAfterSL
Default - True
The setting “ContinueWorkingAfterSL” has two options: True and False. If you select “false,” when the active trades on your account reach a drawdown of the number you have entered, the software will stop trading and not take any new trades. Once you change it to “true,” the software will continue with its regular function after you have reached the drawdown limit. This is like Kraitos's Chill Out mode.
Trading Time Setting
In these settings, you can choose which days you would like your software to trade and which hours of those days you would like it to trade.
Flash Support Options
You have several support options available to you that are yours to use.
- Help Desk - The Auvoria Prime Help Desk has Live Chat support, ticket support, and a large knowledge base of articles to learn from.
- Send an Email to Support - support@auvoriaprime.com - Send an email, which will be converted into a ticket and replied to asap by a customer support representative.
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Telegram Channel - Join this channel to receive announcements regarding Flash.
https://t.me/flash