Let’s learn all about the 100% customizable configurations in order to build a secure strategy that allows you to reduce losses and maximize your profits.
We will explain in full detail all you need to know about the configuration section! Let’s Begin!
1. Trade Amount
It is very important to define the trade amount the platform will execute on each trade.
There are three possible options to delimit this parameter.
- From MetaTrader Connector
- % of Balance
It is the user’s decision to choose which of these options is the most convenient for his strategy.
A. From MetaTrader Connector
If you enable this option, the platform will use the trade amount configured in our MetaTrader connector. This option is usually used when the trade amounts are different between the different currency pairs.
For example: If we detect that our indicator’s best currency pair is EURUSD, then, a good strategy could be risking a little more in this pair by increasing the trade amount. In order to achieve this, we should use the «From MetaTrader Connector» option.
If you decide to operate with the same amount per trade on every currency pair, this is the right option.
NOTE: We can also configure the Fixed Martingale. The values must be greater than zero.
C. % of Balance
Choose this option if you would like to trade a percentage of your current balance.
NOTE: If you want to apply compound interest, without any doubt, this is your choice.
2. Risk Management
Risk is defined as the possibility that positive expectations for a system aimed at achieving objectives are not met.
Trading is a high-risk activity, and often success depends on how we bear the losses and gains.
Risk management offers us tools that can help keep losses controlled while maximizing profits.
A. Daily Stop Loss
It is possible to set a daily stop loss limit. You can adjust the amount of money you allow yourself to lose in a day.
Once this amount is reached, the platform will pause all operations.
Daily profit will reset to zero at the end of the day of the local time of your PC.
B. Daily Take Profit
You can set a daily profit limit. Once the daily goal is reached, the platform will pause all operations.
Daily profit will reset to zero at the end of the day.
C. Trade Amount Limit
Set a maximum amount per trade. This filter applies to all operations, regardless of whether it is from an indicator or a signal provider.
For example: «Trade Amount Limit» set to $3. Our indicator/provider executed the third martingale of $4. Since the trade amount exceeds our established limit, the trade will not be executed.
D. Trade Volume Limit
We can set a trade volume limit. If we have several operations running at a certain time, we can set a maximum limit for the total invested on all the open trades (the sum of the amount of all operations executed).
For example: «Trade Volume Limit» set at $10. We receive 3 operations of $5 each to be executed at the same time (Total volume: $15). The robot will execute the first two operations ($10) and discard the third.
3. Trading Filters
In this section. we will be able to apply four different filters to our operations.
- Minimum Payout
- Trading Hours
- Limit of Open Trades Per Pair
- Limit of All Open Trades
A. Minimum Payout
For each won trade, our broker will pay us a commission.
We can define the minimum broker payout percentage.
Example: At a certain time of the day our broker decides to lower the commission for a certain currency pair and this payout percentage is lower than the minimum necessary set by us. Our robot will not execute the trades and will show us a message explaining the reason.
B. Trading Hours
We can set a time slot where the robot is allowed to automatically trade for us.
It will only execute the operations that are within the established time slot.
The first parameter corresponds to the beginning of the session and the second to the end.
C. Limit of Open Trades Per Pair
We can set the number of maximum open trades per currency pair.
For example: If we limit to one operation per pair, and our indicator sends a signal at the same time as our signal provider, only one operation will be executed and it will be the one that the platform received first.
D. Limit of All Open Trades
We can also set a limit of open trades for all currency pairs at a certain time. This option will limit a total maximum over all open operations.
A. Once close minimize to tray
It allows the platform to run minimized. If you close the platform, it will remain open and you will find it in the hidden icons of our operating system.
B. Show Account Balance
We can show/hide our account balance.
C. Show Day Profit
We can show/hide the gains or losses of the day, being the text green for the gains, and red for the losses.
D. Show Trade Volume
We can show/hide the total traded volume at the time.
E. Show Account Number
We can hide/show our account number. If we plan to send screenshots/videos of the platform, be sure to hide your account number due to security reasons.